EBRD raises Polish GDP growth forecast to 4% in 2018

The forecast in the bank’s May report revised upwards its previous projection of 3.4 percent Polish GDP growth this year. But the bank warned that labour shortages could hit growth potential and said it expected the Polish economy to slow to 3.3 percent next year. “GDP growth in 2018 is expected to

Do poles want to work 7 hours a day?

About 5,000 people supported the proposal to reduce the working day in Poland from eight to seven hours. A bill drafted by the left-wing Together (Razem) party has since Monday gathered 5,000 signatures of the 100,000 needed if it is to be considered by parliament. Under the proposed changes, the working week

Poland’s computer games market has exceeded USD 500 million: report

Poland’s games sector has moved to the 23rd position in a global ranking, according to the Rzeczpospolita daily. China’s games market is the largest in the world, worth over USD 32 billion, followed by the US sector, worth over USD 25 bn. The Witcher game series made by CD Projekt remains

Polish-built robot flies to Mars on NASA mission

The device, described as a self-hammering mechanism, is a component of a heat probe that will examine the thermal properties of the Red Planet. The main goal of the US space agency’s InSight mission — launching on Saturday from Vandenberg Air Force Base in central California — is to give scientists

Polish GDP to grow 4.3% in 2018: European Commission

The European Commission raised its forecast for Poland's GDP growth in 2018 to 4.3 percent from its previous forecast of 4.2 percent. The Commission, the executive arm of the European Union, also said it expected Poland’s economy to grow 3.7 percent in 2019. “Poland’s economy is expected to continue growing robustly with

Poland may receive 8-10 billion euros less from the new EU budget: report

Poland could receive between 8 and 10 billion euros less from the EU's proposed new budget than the current one, Polish radio reported Wednesday. Fears had previously been voiced that Warsaw was on course to lose a far bigger chunk of EU funds. The European Commission, the bloc’s executive, on Wednesday proposed

Agriculture was more profitable in 2017

Farmers in Poland earned 30 percent more last year than in 2016 thanks to the strong market and production growth, said the head of the Institute of agriculture and food Economics. The average farmer earned PLN 12,700 (EUR 3,000) more in 2017 than the year before, the institute's director, Andrzej Kowalski,

Polish airline says it will seek compensation over strike threat

The carrier will demand compensation from the trade unions, said the representative of LOT Adrian kubicki. “We have seen a significant drop in ticket sales,” Kubicki told reporters, adding: “People are simply afraid of buying tickets.” Kubicki said a strike would be illegal. He added that on Friday a Warsaw court ruled the

Poles, as expected, travelling more on holiday, both at home and abroad

Polish holiday-makers are travelling more both at home and abroad, according to statistics of the country’s sports and tourism ministry. Last year, Poles set out on nearly 46 million trips domestically, an increase of 5.5 percent compared to 2016, Polish Radio’s IAR news agency reported. Holiday-makers spent more than PLN 24 billion

Polish president stresses importance of business ties with US

President Andrzej Duda on Thursday told a US-Poland Business Summit in Warsaw that economic cooperation was an important aspect of Poland's strategic alliance with America. The meeting was being attended by government officials from both countries, including US Assistant Secretary of Commerce Erin Walsh. “Your presence here in fact confirms that the