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Polish PM flags higher minimum wage increases in 2023

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Polish PM flags higher minimum wage increases in 2023 By Reuters

Breaking News

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Economy 3 minutes ago (Sep 13, 2022 13:34)

© Reuters.

WARSAW (Reuters) – Poland will raise the minimum wage twice next year and by more than previously planned, Prime Minister Mateusz Morawiecki said on Tuesday, as Poland’s ruling party prepares for parliamentary elections in 2023 amidst an ongoing cost of living crisis.

The ruling Law and Justice party has seen a drop in public support as energy costs soared following Russia’s invasion of Ukraine, driving Polish inflation to its highest in more than two decades, with prices up 16.1% year-on-year in August.

“We have decided … after taking into account various comments that have been made at the Social Dialogue Council over the last many months, to raise the minimum wage more – to a level of 3,490 zlotys from Jan. 1 and to 3.600 zlotys from July 1,” Morawiecki told a news briefing.

The minimum wage is currently set at 3,010 zlotys ($651.36).

($1 = 4.6211 zlotys)

Polish PM flags higher minimum wage increases in 2023

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BLS: CPI increased 0.1% in August; Core CPI increased 0.6%

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Latest News

Polish PM flags higher minimum wage increases in 2023

0

Polish PM flags higher minimum wage increases in 2023 By Reuters

Breaking News

‘;

Economy 3 minutes ago (Sep 13, 2022 13:34)

© Reuters.

WARSAW (Reuters) – Poland will raise the minimum wage twice next year and by more than previously planned, Prime Minister Mateusz Morawiecki said on Tuesday, as Poland’s ruling party prepares for parliamentary elections in 2023 amidst an ongoing cost of living crisis.

The ruling Law and Justice party has seen a drop in public support as energy costs soared following Russia’s invasion of Ukraine, driving Polish inflation to its highest in more than two decades, with prices up 16.1% year-on-year in August.

“We have decided … after taking into account various comments that have been made at the Social Dialogue Council over the last many months, to raise the minimum wage more – to a level of 3,490 zlotys from Jan. 1 and to 3.600 zlotys from July 1,” Morawiecki told a news briefing.

The minimum wage is currently set at 3,010 zlotys ($651.36).

($1 = 4.6211 zlotys)

Polish PM flags higher minimum wage increases in 2023

Global economy may avoid recession as inflation risks ease – J.P. MorganBy Reuters – Sep 13, 2022

(Reuters) – The global economy could avert a recession as data points to a potential soft landing, J.P. Morgan analysts said, while adding that the Federal Reserve might have…

Germany, EU race to shore up struggling energy firmsBy Reuters – Sep 13, 2022

By Christian Kraemer, Miranda Murray and Kate Abnett BERLIN/BRUSSELS (Reuters) – Germany said on Tuesday it aimed to expand lending to energy firms at risk of being crushed by…

Dollar weakens ahead of key U.S. inflation dataBy Reuters – Sep 13, 2022

By Samuel Indyk LONDON (Reuters) – The dollar eased further on Tuesday ahead of U.S. inflation data that could show some signs of softening, while the euro found its footing above…

Our Apps



Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

BLS: CPI increased 0.1% in August; Core CPI increased 0.6%

Previous article

Early Look at 2023 Cost-Of-Living Adjustments and Maximum Contribution Base

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Comments

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