Locked content Polish Airports continues layoffs

State-owned airport operator Porty Lotnicze (Polish Airports) will lay off 300 people before the end of this year, the company’s director Michał Kaczmarczyk was quoted as saying in a press release. Some 500 people have been already laid off as part of the firm’s restructuring. The employment restruc...
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Locked content Borrowing needs financed in 90%

After June, the Ministry of Finance has financed 90 percent of this year’s borrowing needs and has started the pre-financing of next year’s needs, Piotr Marczak, public debt department director at the ministry, was quoted as saying by ISBnews. In August, the ministry is not planning any new debt auc...

Locked content PEM prospectus submitted – source

The IPO prospectus of Private Equity Managers (PEM), the asset management unit of private equity firm MCI Management, has been submitted to the Polish Financial Supervision Authority, according to a market source quoted by the Polish Press Agency. The prospectus was submitted last Friday, the source...

Locked content Foreign debt down in Q1

Poland’s total foreign debt stood at PLN 275.5 billion in the first quarter of 2014, according to data published by the National Bank of Poland. In Q4 2013 the amount was PLN 276.76 billion. Long-term debt stood at PLN 222.69 billion compared to PLN 221.96 billion in the previous quarter. Short-term...
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Locked content NBP sees improvement on labor market

The total number of employed persons in Poland has significantly increased in the first quarter of 2014, according to an analysis performed by the National Bank of Poland. The growth stood at 1.8 percent year-on-year and 0.7 percent quarter-on-quarter. The number of people employed on standard work ...

Locked content Alpine Bau sues Poland

Construction firm Alpine Bau Deutschland has filed a suit against the Polish government, Puls Biznesu reports. The company wants to reclaim PLN 139 million, which it claims it lost in the process of the National Stadium in Warsaw. Alpine Bau claims the losses resulted from insufficient supervision f...
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Locked content Gdański Business Center building A delivered

HB Reavis has announced the delivery of building A in its Gdański Business Centre office complex in Warsaw. Phase I of the project has now been completed, the company said in a press release. Building A comprises more than 30,000 sqm of office space. The first tenant, Provident will move into the bu...

Locked content Minister of Finance warns against deflation

According to the Minister of Finance, there is an increased risk for deflation in the Polish economy. Prices in May did go up by 0.2 percent year-on-year, but they went down by 0.1 percent compared with the previous month, according to a news release in Puls Biznesu. “The fact that prices are ...