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The Warsaw Voice » News from March 13, 2017
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Paweł Borys, president of Polish Development Fund (PFR) talks to Juliusz Kłosowski (excerpts):
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The Polish government intends to craft the legislation which will rejig its capital pension savings system by the turn of Q2 and Q3, deputy PM, Finance and Development Minister Mateusz Morawiecki said on Friday.
Poland's ruling party Law and Justice (PiS) suffered a 3-pps month on month decline in voter support to 37% in March, while runner-up Civic Platform (PO) added 2 pps to 19%, narrowing the distance to the leader to 18 pps, a survey by CBOS pollster showed.
Poland's working population will decline by 4.9 million to some 13.6 million by 2050, calculations of IBS researcher show.
Poland’s insurance giant wants to conduct job restructuring that at its property and life units that will affect 1,944 jobs, including laying off 956 persons, the company said in a market filing.
The Polish government is hiking or planning to hike wages for large groups of public employees, with police officers getting a hike in March, while army officers got their hike already in February.
Poland could record some 3% year on year GDP growth in Q1 2017, deputy PM Mateusz Morawiecki told journalists on the sidelines of the brokerages conference on Friday.
The Polish Foreign Affairs Ministry plans to lay off all the diplomats with ties to communist-era special services, deputy Foreign Minister Jan Dziedziczak told MP's.
Poland's Monetary Policy Council should consider holding interest rates flat in 2018 if macro conditions hold as hikes could stymie lending, the council member Jerzy Zyzynski told reporters.
Average retail gasoline prices decreased by PLN 0.02 to PLN 4.73 per liter and diesel prices came down by PLN 0.03 to PLN 4.59 per liter in the week ending on March 9, the Reflex brokerage said in a weekly pricing report.
Real estate group Echo Investment and REIT Echo Polska Properties struck a nearly EUR 42 million deal to buy a shopping mall 'Galeria Mlociny' under construction in Warsaw, in which they will hold 30% and 70% respectively, Echo Investment said on Friday.
Nearly 700 doctors may have emigrated from Poland in 2016, the daily Gazeta Wyborcza wrote citing the number of certificates issued by the national doctors' council NIL which are necessary if doctors want to work abroad.
Poland’s Finance Ministry wants to introduce a new kind of debt securities for the financial sector similar to contingent convertible securities - bonds that are converted into share capital if ratios of a given issuer fall below a certain levels set in the terms of an issue.
Coal miner Bogdanka will redeem PLN 300 million in bonds from a 2014 program on March 30, 2017, three months ahead of the previous deadline on June 30, the firm said in a market filing citing an annex to a bond program agreement.
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