Poland increases gold reserves: FT

The Central Bank of Poland bought nine tons of gold this summer, according to the Financial Times. If confirmed, it is the first such purchase by an EU member state this century, the paper said, citing a report of global advisory firm Macquarie Group. The National Bank of Poland (NBP) acquired gold

Farmers affected by drought in Poland

The number of Polish areas affected by agricultural drought reached 1700, according to the Institute of soil science and crop production (IUNG). The report covers the period between July 21 and September 20, website Farmer.pl reported. The Institute of Soil Science said: “The weather conditions… have led to an increase in the

Dubai metro is waiting for trains of Polish production

According to reports, in November in the United Arab Emirates will arrive the first of the 50 new products produced in Poland for the subway in Dubai. Fifteen of the trains will be used to serve the Expo 2020 exhibition in Dubai, the Gulf News website has reported. The last of the

The update of the Polish capital market is expected on Monday

On Monday, experts noted that Poland should see the capital market upgraded from a developing to a developed market by a global supplier of the FTSE Russell stock index. FTSE Russell, which is part of the London stock exchange, announced the move last September. The Warsaw stock exchange (WSE) at the time

Poland confirms the plan to further reduce the costs of SMEs

Poland's ruling conservatives have confirmed a plan to reduce corporate income tax (CUT) for small and medium-sized enterprises (SMEs) across the country from 15 percent to 9 percent. Jacek Sasin, a Cabinet minister who heads the Government Standing Committee, said on Thursday that the Polish government was determined to go ahead

Wages, annual employment in Poland in August: statistics

Average wages in Poland rose 6.8 percent in August from the same month last year, the country's Central statistical office said on Tuesday. The average Polish monthly wage in August was PLN 4,798.27 (EUR 1,116, USD 1,304), the office reported. Meanwhile, employment in Polish companies increased 3.4 percent last month in year-on-year

Moody’s retains Poland’s rating unchanged

Polish Q4

Ratings agency Moody's has said it has not updated its rating for Poland, thus keeping it unchanged at A2 with a stable outlook. The agency, one of the world’s "Big Three" credit rating agencies, announced its decision late on Friday. In May last year, Moody's maintained Poland's A2 credit rating, while raising

Polish gov’t criticises planned new EU online copyright rules

According to reports, the Polish Ministry of digitization has criticized the planned new EU copyright rules, which are aimed at changing the way Internet companies use media, music, news articles and other content posted on the Internet. The European Parliament on Wednesday voted by 438 to 226 to back new measures

Inflation in Poland in August was 2%: statistics

Inflation in Poland stood at 2 percent in year-on-year terms in August, the country’s Central Statistical Office (GUS) said on Thursday. The reading, unchanged from June and July, was in line with a flash estimate released by the office at the end of last month. Inflation has remained steady at 2 percent