Locked content Alstom signs deal with PGE for €81 million

Renewable Energy producer PGE Energia Odnawialna has signed an agreement with a consortium of Alstom Power and Alstom Renewables Espana for €81 million net involving the delivery of wind turbines of a combined power of 90 MW, Alstom and PGE said in a statement. The turbines will be installed on a wi...

Locked content Warsaw up in office cost ranking

Warsaw came in 60th in the latest ranking of the most expensive office locations carried out by advisory CBRE, with occupancy cost at €35.56 per sqm per month. “Despite rent decline in Warsaw seen over the past few quarters, Poland’s capital has improved its position in the ranking by 3 points, main...

Locked content Pendolino edging closer to 250 km/h

High-speed Pendolino trains may run on Polish rails in December of this year. A PKP Intercity release, states that the train operator has come to terms in negotiation proceedings with Alstom, the  manufacturer of the Pendolino units. The first release of the trains set the maximum speed at 160 km/h,...

Locked content Energy giants to cooperate on R&D

Four of Poland’s largest energy companies, Enea, Energa, PGE and Tauron, will cooperate in research, innovation and competitiveness projects, according to energianews.pl. Among project goals are emission reductions in producing electrical energy, improvement of distribution effeciency and intelligen...

Locked content Biedronka owner may move to Switzerland

Jeronimo Martins, the owner of Biedronka discounter stores in Poland, is considering a move of their headquarters to Switzerland. The current headquarters is in Lisbon, where an unfriendly tax rate and banking difficulties have motivated management of Jeronimo Martins to seek greener pastures. Forme...

Locked content Exports to Ukraine fall

Exports to Ukraine fell according to the Central Statistical Office (GUS). Between January and April, the amount of exported Polish products to the eastern neighbor fell by one quarter compared with the same period in 2013. Products including coke (fuel), crude oil, fruits and nuts, paper as well as...

Locked content Warsaw Exchange signs agreement with Mozambique peer

The Warsaw Stock Exchange has signed an agreement with the Mozambique Stock Exchange (Bolsa de Valores de Mocambique). In an ISBnews communication brief, Adam Maciejewski, the CEO of the WSE said that “the world is globalizing … Markets don’t exist for themselves alone, but above all, for economies....
Paweł TamborskiImage : Ministry of State Treasury

Tamborski appointed CEO of WSE

Paweł Tamborski was appointed as CEO of the Warsaw Stock Exchange by the bourse management board., replacing Adam Maciejewski. The main financial regulator must approve the appointment of Tamborski, who previously served as Vice-minister of Finance with the Tusk government.

Image : shutterstock

Retail Sales grew by 3.8 percent

The Central Statistical Office (GUS) reported that retail sales in May rose by 3.8 percent year-on-year. On the other hand, retail sales fell by 2.7 percent month-on-month. Economists predict a stabilization of the retail sales dynamic in the coming months.

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Unemployment continues downward trend

The latest data published by the Central Statistical Office (GUS) shows a decrease in unemployment. The unemployment rate at the end of May was 12.5 percent, compared with 13 percent in April, as presented in a GUS statement. This is the lowest unemployment rate in the last year and a half.