Poland’s minimum wage will rise by 15.9% in January 2023, but total growth will ultimately reach 19.6% after a second increase in July, Mateusz Morawiecki, the prime minister, has said. From January 2023, the minimum wage will go up to PLN 3,490 (EUR 741) from PLN 3,010 (EUR 640). The July 2023 increase will bring…
The Polish government will offer a special support package to at least several hundred firms with high energy consumption, Mateusz Morawiecki, the Polish prime minister, has announced. “We want to cover up to about a thousand companies with the package of aid measures for the energy-intensive sector, certainly 800-900 firms that are most affected by…
On September 8, a meeting of the Ukrainian part of the Ukrainian-Polish Intergovernmental Commission on Economic Cooperation was held under the chairmanship of Iryna Vereshchuk, Deputy Prime Minister and Minister for Reintegration of the Temporarily Occupied Territories of Ukraine. The parties discussed the main prospective directions of Ukrainian-Polish cooperation within the framework of the preparation…
More than 14,600 Polish companies were written off the official registry in August, up by 6.9% MoM, the Central Statistical Office (GUS) reported. However, as many as 32,434 new companies were registered in August and the number was 4.5% higher compared to July, GUS said. There were about 619,400 companies with suspended operations as of…
Inflation will remain at a high level in the coming months but it should soon start declining owing to a drop in the annualised growth of energy prices, Adam Glapinski, governor of the National Bank of Poland (NBP), has said. Glapinski made the statement at a press conference on September 8, which followed the central…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, increased the reference interest rate by 25 basis points, to 6.75% on September 7. The National Bank of Poland’s lombard rate was raised from 7.00% to 7.25%, the rediscount rate from 6.55% to 6.80% and the discount rate from 6.60% to 6.85%. At the…
Estonia will purchase Poland-made Piorun (Thunderbolt) air defence systems, which have been battle-tested in the Ukraine war. Man-portable Piorun surface-to-air missiles are designed to target low-flying aircraft, helicopters and unmanned aerial vehicles. Under the deal, signed by Mariusz Blaszczak, the Polish defence minister, and his Estonian counterpart Hanno Pevkur on September 7, Poland will supply…