Winter weather has high price tag

19th February 2010

The severe weather could affect growth this year

Share:

This winter's low temperatures and heavy snowfall have cost the Polish economy as much as PLN 1.5 bln, with bad weather hampering transport and construction work grinding to a halt nationwide.

Economists surveyed by Gazeta Wyborcza estimated that this year's harsh winter could shave as much as 0.5 percent – or PLN 1.5 bln – from 2010 GDP.

Home builders have been among the hardest hit by the freeze. The GUS report showed that work was started on 4,450 flats in January, little more than half the number from one year ago and a quarter less than in December 2009. In addition, 11,600 flats were completed, some 30 percent less than last year.

According to the Central Statistics Office (GU ...

The full text of articles over six months old is only available to members of My NPE

NPE Premium - go beyond the news

The Beer War of 1380 The church and the city clash over a brew

Silesia’s political ties to the Polish crown came to an end in 1327, just prior to the passing of King Henryk VI - last of the once-powerful, yet suddenly successor-less ... -

Poles you should know - Jerzy Kosinski From Lodz to Hollywood

Born in Łódź, 1933, Jerzy Kosiński stands out as one of the 20th centuries great literary talents, with a life story every bit as sinister and dramatic as his books. ... -


Username
Password
	or	Register