Poland’s ruling party pledges: pre-election minimum wage increase

Poland’s ruling party has pledged to raise the minimum wage by 90% over four years. A month before a general election, such a move is either a stroke of political genius or economic calamity, depending on who you ask. Poland's ruling party, Law and Justice (PiS) has promised to raise the

Poland: EU investment of €676 million in rail and road improvements

Over €487 million to modernise thecountry's railway communication system EU-funded works will replace the outdated technology and set up a modern communication system along almost 14,000 km of railway line throughout the country. In addition to improving passenger safety and reducing travel time, this project will allow Poland to move towards

Polish Energy Minister says electricity prices should be controlled

WARSAW, Sept 11 (Reuters) - Poland’s energy minister, Krzysztof Tchorzewski, said on Wednesday that the country would have to maintain controls on electricity prices to secure economic competitiveness. The ruling Law and Justice party (PiS) imposed a cap on household power tariffs this year in an effort to prevent a spike

LNG contracted by Poland’s PGNiG 20-30% cheaper than Russian gas -minister

WARSAW, Sept 6 (Reuters) - Liquefied natural gas (LNG) recently contracted by Poland's state-run gas firm PGNiG is 20-30% cheaper than the gas the company has to buy from Russia's Gazprom under a long-term contract, a Polish minister said on Friday. Poland still imports most of the gas it consumes from

Mike Pence and Mateusz Morawiecki sign 5G security declaration in Warsaw

U.S. Vice President Michael Pence signed a joint declaration with Poland's Prime Minister Mateusz Morawiecki on 5G network security on Monday (September 2). Pence and Morawiecki signed the document and posed for photographs before the vice president wrapped up a two-day visit to the country, which included commemorations to mark

PGNiG and ERU sign LNG agreement

Polish Oil and Gas Co. (PGNiG) has purchased a cargo of LNG from the US, and then – following regasification – sold the natural gas to Energy Resources of Ukraine (ERU). The contracted LNG tanker will arrive at the President Lech Kaczynski LNG Terminal in Swinoujscie at the beginning of November.

A balanced budget for 2020 is feasible, but with optimistic forecasts

Higher social transfers leaves no room for spending on other public services The government has presented a draft of the budget bill for 2020. Both revenues and expenditures are set to reach PLN429bn. This means that the revenues will need to grow a lot (by PLN42bn compared to the 2019 budget

LOT Polish Airlines to launch Warsaw-Colombo direct flights from November

Starting this winter season, Poland’s flag carrier LOT will fly from Warsaw to Sri Lanka with flights being operated seasonally, with three weekly flights between November 3 and March 28, on its modern fleet of Boeing 787-9 Dreamliners, the airline said in a statement. With the new series of seasonal

Industrial production and construction recovered after a mild June.

Industrial production Industrial production recovered in July from -2.7% to 5.8% year-on-year, slightly below market expectations (6.5%). The strong acceleration reflects much more positive calendar effects and more normal weather conditions following unusually high temperatures in June. The underlying structure is balanced. The strongest growth was seen in transportation equipment (26.3%