China is launching direct trading pairs of yuan and seven foreign currencies, including zloty, Bloomberg informs. A statement from Chinese financial market regulator says: “In order to promote bilateral trading and investment between China and Poland, facilitate the use of renminbi and zloty in cross-border trading and investment settlements and meet the needs of economic…
The fourth quarter of the year has always been good for retailers. Christmas period is the time for which almost everyone is planning some heavy spending on food and presents. End of the year is also the time for Black Friday, Cyber Monday, and pre-Christmas sales and discounts. 2016 is going to be no different….
Alarming news is coming from Central Statistical Office (GUS). Polish economy has noticeably slowed down in the recent quarter. Prime Minister Szydło assures this is only temporary. The latest statistical data indicate that the country’s GDP growth fell below 3 percent in the third quarter of 2016. This is less than most economic experts predicted….
It has been a full year since Beata Szydło got appointed as Poland’s Prime Minister. As her government celebrates the first 12 months in office, a press conference was held to sum up the time in charge of the country and highlight the biggest successes of the current cabinet of ministers. In the 2015 general…
Prawo i Sprawiedliwość party in the general election campaign promised Poles lowering the retirement age. Now, they are saying they are going to keep the promise. Experts warn that the government is asking for trouble. When the previous government introduced gradual lengthening of the retirement age, many people in Poland were not impressed. The retirement…
The recently published “Global Talent Flows” research paper from the World Bank indicates that Poland is of the top countries with outbound migration flow when it comes to people over 15 years of age with at least one year of higher education. Among the most popular destinations for emigrants from Poland are the places where…
When the Prime Minister Beata Szydło had announced some government reshuffling, this is not quite what everyone expected. Minister of Finance Paweł Szaramacha filed a resignation. In his place, Prime Minister Szydło appointed Deputy Prime Minister Mateusz Morawiecki, currently the head of the Ministry of Development. The situation in which one person is in charge…
Polish State Treasury will issue two new types of government bonds. The new offer was prepared for the beneficiaries of the 500+ child benefit programme. The Family Treasury Bonds will be available from October. The nominal price of one bond will be 100 PLN, just like the one of regular treasury bonds. The new financial…
A draft bill introducing a ban on trade on Sundays was submitted to the Sejm, the lower chamber of Polish parliament, on Friday. The initiative is strongly supported by labour unions and the Catholic Church. In Poland stores stay closed on several bank holidays. These include the Independence Day, two days of Christmas, Labour Day,…
Polish authorities find it hard to limit the spread of African Swine Fever virus. From the beginning of the year, there have been as much as 18 outbreaks of the disease reported in three regions of the country. The number of affected pig herds is on the increase. African Swine Fever, or ASF, is a…
