The project will “strengthen national security” and “increase the competitiveness of the Polish space sector”, says the firm behind the plans.
Business
Poland creates task force to clamp down on grey economy
The informal economy is believed to amount to hundreds of billions of zloty per year, with estimates of its size ranging from 9% to 30% of GDP.
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Poland to freeze electricity prices and reward households that cut use by 10%
A new package of energy measures by Poland’s government will cost an estimated 30 billion zloty (€6.35 billion).
Government announces Poland’s highest ever minimum wage rise
The minimum monthly wage will rise by 590 zloty next year to 3,600 zloty before tax.
US hands Poland offer to build nuclear reactors
Poland is soon set to choose between US, French and South Korean offers as it develops its first nuclear power plants.
New mortgage applications fall 70% in Poland following interest rate rises
The total value of new mortgages has also fallen by 73% year on year, according to data from the Credit Information Bureau (BIK).
A way out of Poland’s conundrum on joining the eurozone
Krzysztof Mularczyk
PiS looks set to make stopping Poland joining the eurozone a central plank of its political platform.
Poland “absolutely against” EU proposal for compulsory cuts in electricity use
The “EU is trying to grant itself competences that it does not have”, warns Poland’s climate minister.
Estonia buys Piorun air-defence systems from Poland after their success in Ukraine
The defence minister hopes that other countries will also order Polish equipment that has “proven itself in the most difficult combat conditions” in Ukraine.
Duda in Nigeria, Ivory Coast and Senegal for first visit by a Polish president to West African states
The talks are focused on energy and food security as well as countering Russian propaganda.
Polish consumer authority charges three banks over implementation of “credit holidays”
BNP Paribas Bank Polska, Getin Noble Bank and Bank Pocztowy face penalties of up to 10% of their annual turnover.
Polish coal sector’s profits boom amid soaring prices
State-owned coal firm Jastrzębska Spółka Węglowa saw a record net profit of 4.2 billion zloty in the first half of 2022 despite a 9.7% decrease in production.
Inflation unexpectedly rises further in Poland to new 25-year high of 16.1%
“Ouch,” said analysts at mBank, commenting on inflation figures that exceeded most forecasts.
Polish transport sector appeal for government help securing visas for Ukrainian drivers
“The fate of Polish transport companies depends on this issue,” the industry warned the government in a letter.
