What goes in Poland on 11th of July.
Reprivatization Commission’s latest decisions
The Reprivatization Commission (RC) made its first decision on the tenements on the Twarda 8 and 10 Street. These two cases were being investigated all though June. The RC abolished the reprivatization decisions in both instances. The law says that the Commission is allowed to sustain a decision on reprivatization, annul it, or refer the case back for reconsideration. The RC has the right to stop court proceedings and make entries in land and mortgage registers.
PGNiG’s new gas deal
PGNiG announced it signed a contract with Euroglas Polska. Within the next 15 months PGNiG will deliver almost 80 mcm of gas.
„Euroglas Polska is one of our strategic clients. Cooperation, which spans almost a decade, allows to verify the professionalism and reliability of a business partner. The new contract confirms that the client is satisfied with PGNiG’s services and our good cooperation. We are a company of first choice for every entity that needs secure gas deliveries on competitive terms,” said Maciej Woźniak, PGNiG’s Vice-President of the Management Board.
Growth driven by consumption
In the next two years, the GDP growth in Poland will decelerate, but the scale of the slow-down will not be huge, says the Polish National Bank’s report on inflation and economic growth. The document was published today and predicts the GDP will grow at 4% this year, 3.5 the next and 3.3 in 2019.
Jacek Kotłowski from the Polish National Bank, who co-authored the report, explained that the economic growth would be mostly driven by consumption. He points to the fact that Poles are more eager to spend money because of, among others, the good situation on the job market and the Rodzina 500 Plus program launched by the government.
Fuel fee to be increased
„The impact of the bill that will increase the fuel fee will be huge. The amount of money it will raise will finally allow us to really help local governments to construct and modernize roads,” said Kazimierz Smoliński, Vice-Minister of Infrastructure and Construction.
The project of the Act on the Fund for Local Roads proposed by a group of MPs from the ruling party – PiS, proposes to subsidize the construction and re-construction of local roads and bridges on regional roads. The Fund will be paid for with money from an increased fuel fee by PLN 20 groszy (cents) a liter.
The minister believes the bill could be adopted by the Sejm next week. „We want the local governments to receive the money this year already, so that it can be spent the next year,” Smoliński said.
„I think the results will be visible next year already and the people will see that the money will not be wasted,” he argued. When asked about the impact of the act, which will increase the fuel feel, he stressed „it does not increase the fuel price, it increases the fuel fee. I am sure the gas price will not go up by PLN 25 groszy,” he added.