Polish, French labour ministers debate EU rules for workers

Polish labour minister Elżbieta Rafalska and her French counterpart Muriel Penicaud on Wednesday tried to negotiate a compromise on a posted workers debate which has divided Brussels and Warsaw, The News.PL reports. The European Commission has proposed changes, which French President Emmanuel Macron has enthusiastically backed, to see workers from different

Mitie Group may cut 480 jobs as clean-up costs rise

Unite union requests meeting with outsourcing company to discuss how job cuts will affect business activities. Mitie Group may cut up to 480 jobs as it overhauls its cleaning and engineering divisions, saying the cost of its turnaround will be higher than expected. The provider of pest control, cleaning, security and

Tata Steel to merge European operations with ThyssenKrupp

Creation of Europe’s second largest steel group is likely to lead to about 4,000 job losses but helps safeguard Port Talbot site. India’s Tata Steel has paved the way for a merger of its European operations with the German steel manufacturer ThyssenKrupp, creating Europe’s second largest steel group after ArcelorMittal. Tata

Alior finances Kraków warehouse project

lior Bank has provided PDC Industrial Center 72 with a construction and an investment loan worth EUR 14.85 mln for a warehouse project near Kraków, Eurobuild reports. PDC 72, which is a joint venture of Marvipol and Panattoni, is to develop a warehouse project on a 7.8 ha site. The bank

Polish government plans to increase defence spending

Polish lawmakers on Friday approved a plan to steadily increase the country’s defence spending to 2.5 percent of GDP by 2030, up from 2 percent today. The legislation passed the lower house of parliament in a rare non-partisan vote in which 434 MPs were in favour, one opposed, and five abstained. Under

Ryanair cancels 40 to 50 flights a day for staff to go on holiday

Passengers furious over ‘ruined’ travel plans, with 285,000 journeys likely to be affected by airline’s move to improve punctuality. Ryanair has announced it will cancel 40 to 50 flights a day for the next six weeks due to a backlog of staff leave. The budget airline says the measure is designed

Christian Candy reshuffles assets worth more than £300m in a year

Property developer is offloading a range of high-end homes amid a slowdown in the luxury market. The controversial property mogul Christian Candy, whose luxury developments attracted some of the highest prices ever paid for London real estate, has sold and mortgaged assets worth an estimated £340m in less than a

Minimum wage to grow next year

Poland's Cabinet has agreed to raise the minimum wage to PLN 2,100 (EUR 493) gross each month as of next year, up by PLN 100, the Prime Minister's Chancellery said on Tuesday. The five percent pay hike will raise the gross hourly rate from PLN 13 to PLN 13.7. The government

Houses more affordable across half of UK now than in 2007

houses

Despite London’s affordability crisis, gap between earnings and house prices has fallen in Birmingham, Glasgow and Leeds. Homes across half of the UK are more affordable than before the financial crisis, with Birmingham, Glasgow and Leeds among the places where the gap between earnings and house prices has fallen, a

Imports on the road to recovery in Poland

Bankruptcies in Poland

Exports have slowed while imports are on the rise in Poland, the Puls Biznesu daily has said citing Central Statistical Office data. Strong private consumption and GDP growth of four percent in the first half of the year, which Puls Biznesu said could potentially continue, drove the rise in imports. In