Total hourly labour costs in Poland grew by 4.4% y/y in Q3 of 2012 (after rising by 3.8% y/y a quarter earlier) and in the economies of the 27 member states of the European Union (EU), they were up by 1.9% y/y, according to Eurostat. At that time, in Poland, wage and salary costs increased by 4.4% y/y and by 3.8%, respectively, while labour costs other than wages and salaries (including the employers' social contributions plus employment taxes) were up by 4.6% and 3.9%, respectively. In the industry sector, Poland's total hourly labour costs grew by 5.7% in Q3, in the construction sector, they were up by 0.5% and in the services sector, they rose by 3.9%. |
The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more