Business Portal for Poland - Polish Market - PMR

Wage growth quickens to 5.2% y-o-y in Q1

Fri, 11 May 2012 00:00:00 +0200

The average gross monthly wage in the national economy amounted to PLN 3,646 (approx. €861) in the first quarter of 2012, which is 5.2% higher in nominal terms compared with ...

Sejm backs retirement age increase

Fri, 11 May 2012 00:00:00 +0200

The Sejm on 11 May voted to approve the government’s pension reform plan lifting the retirement age to an equal 67 years for both men and women, up from 65 and 60 years at the moment, ...

BNP Paribas to slash 400 jobs in Poland

Wed, 09 May 2012 00:00:00 +0200

BNP Paribas is the latest foreign banking group to announce substantial lay-offs at its operations in Poland. In a statement to the Warsaw Stock Exchange on 9 May, the French company ...

Ipsos: consumer mood dips in April

Fri, 04 May 2012 00:00:00 +0200

The Consumer Confidence Index (CCI) shed 2.32 points in April to stand at 75.05 points, according to research conducted by Ipsos. The Index thus returned to a downward trajectory ...

BorgWarner to expand Podkarpackie plant

Wed, 02 May 2012 00:00:00 +0200

BorgWarner, a global maker of automotive powertrain solutions, has received approval for a new investment at its manufacturing facility in Trzebownisko near Rzeszow (Podkarpackie voivodship), ...

Akamai opens CEE centre in Krakow

Thu, 26 Apr 2012 00:00:00 +0200

Akamai Technologies, a NASDAQ-listed provider of enterprise cloud optimisation services, has opened a technology centre in Krakow. The facility currently employs 40 people, and the ...

Updated Convergence Programme: deficit to fall below 1% of GDP in 2015

Wed, 25 Apr 2012 00:00:00 +0200

The Ministry of Finance expects the general government deficit to drop to 2.9% of GDP by the end of 2012 and the general government debt to fall to 53.7% of GDP, as part of an ongoing fiscal ...

General government deficit down to 5.1% of GDP in 2011

Tue, 24 Apr 2012 00:00:00 +0200

In 2011 the general government deficit amounted to just under PLN 78bn (approx. €18.9bn), i.e. 5.1% of GDP, the Central Statistical Office (GUS) announced on 23 April. This ...

Raffeisen’s takeover of Polbank approved

Fri, 20 Apr 2012 00:00:00 +0200

The Financial Supervisory Commission (KNF) on 17 April gave the go-ahead for Austria’s Raiffeisen Bank International to acquire Polbank EFG, the Polish unit of Greek banking ...

Industrial output up by 0.7% y-o-y in March

Thu, 19 Apr 2012 00:00:00 +0200

Industrial output rose by 0.7% y-o-y in March, a deceleration compared with the previous month, according to data from the Central Statistical Office (GUS). The result was sharply ...

Inflation slows to 3.9% y-o-y in March

Fri, 13 Apr 2012 00:00:00 +0200

The consumer price index (CPI) amounted to 3.9% y-o-y in March, a deceleration compared with the previous month, the Central Statistical Office (GUS) reported. The figure was in ...

German surface engineering firm invests in Walbrzych zone

Fri, 13 Apr 2012 00:00:00 +0200

AHC, a German provider of surface engineering solutions, has received permission for a direct investment in the Walbrzych Special Economic Zone (WSSE). The company will spend minimally ...

Little progress on barriers to business in 2011

Tue, 10 Apr 2012 00:00:00 +0200

Despite improvement on some fronts, the overall burden of administrative and legal barriers to business in Poland remains high and the government has failed to achieve a meaningful ...

Valeo gets go-ahead for PLN 115m reinvestment in Czechowice-Dziedzice

Thu, 05 Apr 2012 00:00:00 +0200

Valeo, a global maker of automotive components and systems, has received approval for a major expansion of its manufacturing complex in Czechowice-Dziedzice (Slaskie voivodship), in ...

RPP leaves interest rates unchanged in April

Thu, 05 Apr 2012 00:00:00 +0200

The Monetary Policy Council (RPP) kept interest rates steady at its April session, the National Bank of Poland (NBP) announced. The decision was in line with market expectations. In ...