Image : Wikimedia

Brussels approves of Polish national airline’s course

The European Commission has given the Polish authorities a nod in the case of the national air carrier, LOT. According to Rzeczpospolita and a subsequent news report from ISBnews, Brussels sees positively the current overhaul of Polish Airlines LOT and has issued a letter of comfort to the Polish au...
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PGNiG finishing shale test drills

PGNiG has started drilling for shale gas in the Pomeranian region, in Nowa Karczma municipality. The drilling will assess hydrocarbon potential in the shale bed. The planned depth of the drilling is 4100 meters. Drilling is to be done in a timespan of two months and conducted by a PGNiG daughter com...

Locked content PKP Cargo invests in engineers

PKP Cargo is investing PLN 21 million in engineer training. The company has hired 250 new employees since the beginning of the year. PKP Cargo CEO, Adam Purwin explained that “many of our engineers are nearing retirement age and training institutions are not providing the qualified staff that we nee...

Locked content Large dividend payout by Citibank Handlowy

Citibank-owned, WSE listed Bank Handlowy announced a PLN 7.14 dividend payout per share. This amounts to 99.9 percent of the bank’s earnings in 2013, with the total payout of PLN 934.22 million. The payment is set for August 29, as reported in a PAP press release. Last years dividend payout wa...

Locked content EU Commission advice for Poland

European Commission advice for Poland includes limitation of budget expenditures, fighting youth unemployment and investments in rail infrastructure. In addition, the EU suggested that Poland limit any expenditures which do not influence economic development, simplify VAT collection, improve medical...
Jarosław KaczyńskiImage : Flickr/wybierzpis.org.pl

PIS leads the polls after scandal

In the wake of the tape-recording scandal that shook Polish public opinion, the Law and Justice (PiS) party is clearly ahead in the polls, well ahead of Civic Platform (PO).

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Swedes in the running for submarine contract

Swedish Saab has offered a cooperative contract for the production of new submarines for the Polish Navy. Along with French DCNS and German TKMS, the Swedes hope to win an order from the Polish Ministry of Defense, which is due to be awarded this year. At stake is a military contract worth around PL...
Marek BelkaImage : International Monetary Fund

Central Bank chief stands his ground

“No chance that any laws have been broken,” said Marek Belka, the head of Poland’s National Bank. Belka defends his case and says that he will not resign, according to an ISBnews brief of an Interview made by Polish Radio.

Locked content Tax system is fair according to EY

Multinational professional services firm, Ernst and Young has positively evaluated the Polish tax system. In a report outlining 25 years of free market economics in Poland, experts from EY said that the Polish tax law is fair and balanced, according to an IAR release. Prior to 1989, taxes in Poland ...