Big bucks tempt Poles to run for Eurodeputy: report

Securing a seat in the European Parliament will provide Polish politicians with hefty financial rewards, the PolskaTimes.pl newspaper has reported. The monthly income for Eurodeputies can reach PLN 40,000 (EUR 9,300, USD 10,400) -- four times as much as members of the Polish parliament can expect to receive, according to the

EU court rules against Brussels on Polish retail tax

An EU court has ruled that the European Commission incorrectly classified a Polish progressive retail tax as state aid, according to reports. The EU General Court has decided that “the Polish progressive tax on the retail sector was incorrectly classified as state aid by the EU Commission,” the press service of

Ex-PM questioned in Polish tax probe

A panel of Polish MPs was on Tuesday questioning former Prime Minister Ewa Kopacz as a witness in an ongoing probe into suspected cases of VAT and excise tax fraud under the country’s previous government. Kopacz served as prime minister of Poland from 2014 to 2015. She succeeded Donald Tusk when

Number of parents behind on alimony drops in Poland: report

The number of alimony debtors in Poland fell by more than 11,000 year on year, a new study has found. There were nearly 304,000 parents behind in child support payments at the end of March 2019, according to BIG InfoMonitor, a firm that collects data about debt. The amount of arrears increased,

Int’l business conference in Poland’s Katowice

Some 12,000 politicians, businesspeople and economic policy makers from across Europe were on Monday set to kick off three days of debate in the southern Polish city of Katowice. Billed as the largest business event in Central Europe, the annual European Economic Congress in Katowice explores key economic challenges in Poland,

Polish disposable income grows: gov’t

67675

Poles’ disposable income grew by 6 percent in 2018 from the previous year on average, a government ministry said on Friday. The average monthly disposable income per household member in Poland last year was PLN 1,693 (EUR 394, USD 443), the Ministry of Entrepreneurship and Technology said. Over the past four

Pole nominated for European Inventor Award

A Pole has been nominated for the European Inventor Award 2019 for her work in video compression. Marta Karczewicz has come up with hundreds of inventions that have helped make it possible to stream high quality video, run video conferences and use virtual reality technology on mobile devices, according to the

EU executive ups Polish GDP growth forecasts

The European Commission has raised its forecasts for Polish GDP growth this year and next. The Commission, the executive arm of the European Union, said on Tuesday it expected the Polish economy to grow 4.2 percent in 2019, rather than the 3.5 percent it predicted in February. It also raised its 2020

Construction of Nord Stream 2 begins in Russia

Gas giant Gazprom on Monday began building the first section of the controversial Nord Stream 2 pipeline in Russian territorial waters, Polish state news agency PAP has reported. The first 100 km of the Russian section of the link is to be finished in a month, Nord Stream AG, the operator

Thomas Cook seeks to borrow £400m to stave off cash crunch

Thomas Cook is in talks with its banks to borrow £400m to stave off the threat of a cash crunch that could hit next winter. The tour operator is understood to be in the advanced stages of talks with its banking syndicate after asking the lenders for a new revolving