Locked content Eurasian Economic Union officially formed

The presidents of Russia, Belarus and Kazakhstan signed an agreement on Thursday to form the Eurasian Economic Union, seen as a rival to the EU. The treaty is set to come into force on January 1, 2015. “Our meeting today of course has a special and, without exaggeration, an epoch-making signif...

Locked content GDP may grow faster than 3.3% – Szczurek

The results shown by the Polish economy in the first quarter of this year allow for a more optimistic view of this year’s GDP growth, Finance Minister Mateusz Szczurek told business news station TVN24 Biznes i Świat. Growth in 2014 may be higher than the government’s forecast of 3.3 perc...

Locked content Kulczyk increases bid for Ciech

KI Chemistry, Kulczyk Investments subsidiary, raised its bid for a 66 percent stake in WSE-listed chemicals producer Ciech to PLN 31 per share. The initial bid stood at PLN 29.5 apiece. Ciech’s biggest shareholder, Treasury, which holds 38.7 percent stake in the company has said earlier in May...

Locked content New head of National Health Fund

Tadeusz Jędrzejczyk will be the new president of Poland’s National Health Fund (NFZ), the institution responsible for distributing financing in the country’s health care system. His candidacy has been chosen by the NFZ’s supervisory board. The official nomination now has to be sign...

Locked content Multimedia cancels IPO plans

Cable TV provider Multimedia Polska decided not to move forward with its IPO plans because of lack of demand for its shares in the bookbuilding process. The company offered 49.2 percent of its stock for PLN 21 maximum price apiece, which would value the offer at PLN 948 million. Multimedia is one of...

Locked content HB Reavis gets funding for Gdański Business Center

Developer HB Reavis has signed agreements with BZ WBK and BNP Paribas on financing for its Gdański Business Center project in Warsaw. The banks will provide a € 46.8 million loan for building A of the scheme. “This is the second positive credit decision we got over the past several months...

Locked content Polish priest set free by pro-Russian separatists

A Polish priest, Paweł Witek, has been set free by pro-Russian separatists after being kidnapped on Tuesday in Donetsk. Witek “is now in the care of Polish diplomats,” Foreign Affairs spokesman Marcin Wojciechowski announced on Twitter, Wednesday afternoon. The priest was released after ...

Locked content Former sports minister back in government?

Former Sports Minister Joanna Mucha could be appointed government plenipotentiary for equal treatment, according to sources quoted by Polish Radio. Agnieszka Kozłowska-Rajewicz, who currently holds the position, has been elected an MEP.    Mucha’s candidacy for equal treatment plenip...

Locked content Select Property Fund sells assets worth €118 million

Select Property Fund, a real estate closed-ended fund managed by Standard Life Investments has sold a portfolio of logistic properties in Poland to Logicor, an European logistics platform of Blackstone, for €118.2 million. The funds will be used to purchase assets with higher growth potential i...

Locked content Mazowiecki seen as best PM in 25 years

Poles believe that Tadeusz Mazowiecki, who died late last year, was the best prime minister of the past 25 years, according to a poll conducted by CBOS. Some 25 percent of the respondents voted for him.    Other former PMs garnered less support, with 10 percent of the respondents voting fo...