More Poles earning over PLN 1 million a year, report
Photo by CidCidaRius/Shutterstock.com
The number of Poles earning over PLN 1 million a year (EUR 234,000) has shot up, according to a fresh report. Last year, 32,100 Poles hit that magic figure, a hefty 38.4% more than in 2017, said the study by professional services firm KPMG.
Photo by CidCidaRius/Shutterstock.com
Meanwhile, the number of Poles earning good, if not astronomical, money is also on the up, Polish Radio reports.
“2018 turned out to be very good year economically for Poland. The second highest GDP growth in the EU, low unemployment and dynamically rising wages contributed to expanding the group of people on good incomes with monthly earnings above PLN 7,100 [EUR 1,660] gross,” the KPMG report said.
This year the estimated value of the luxury goods market in Poland will increase by 5.4% compared to 2018 and will hit over PLN 25 billion, according to KPMG, Polish Radio added.
The average gross Polish monthly wage in October was PLN 5,213.27, Statistics Poland (GUS) said last month.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
