A consortium of Vinci Airports and IFM Global Infrastructure Fund will invest in the Central Transportation Hub (CPK), the government representative for the CPK has announced. A flagship project of the current government, the Central Communication Port is a planned transport hub, due to be built between Warsaw and Lodz, which will encompass a brand-new…
Poland’s retail sales fell by 0.3% YoY and by 0.3% MoM in real terms in September, the Central Statistical Office (GUS) reported. Analysts surveyed by PAP were betting on a 2% annual decrease and a 1.3% monthly drop in real terms in September. At current prices, Polish retail sales went up by 3.6% YoY in…
Poland’s average corporate gross wage increased by 0.1% MoM in September and by 10.3% YoY, to a gross PLN 7,379.88 (EUR 1,658), the Central Statistical Office said. Economists surveyed by PAP expected a 10.8% YoY corporate wage growth. Poland’s corporate employment measured nearly 6.5 million persons in September, flat year-on-year and 0.1% down month-on-month versus…
Warsaw Metro will hand over to Kharkiv three subway trains, which totals 18 cars, as humanitarian aid, the Kharkiv City Council reports on Facebook. “The Executive Committee of the City Council made a decision on organizational measures to cooperate with the Warsaw Metro,” the report reads. As reported by Oleksandr Miroshnychenko, acting chief of the…
Losses caused by extreme heat hitting Warsaw could double within 50 years, a report by the Polish Economic Institute (PIE) has claimed. The PIE report, entitled “The impact of climate change on the Polish economy on the example of selected provincial cities”, analysed the effects of a heat wave that hit Warsaw in 2015 and…
BNP Paribas, Poland’s sixth largest bank by assets, is planning group redundancies covering up to 900 employees, the bank has said in a statement. The redundancies will be carried out in 2024-2026. “The Board of Directors of BNP Paribas, in connection with the ongoing measures to improve operational and cost efficiency has decided to continue…
Poland’s core inflation, excluding food and energy prices, measured 8.4% YoY in September, down from 10% recorded in August, Poland’s Central Bank announced in a statement. On a monthly basis, Poland’s core inflation settled at negative 0.1%, down from the positive 0.3% recorded in August, the bank also said. According to the latest data from…