Locked content Lithuania will enter the euro zone

The European Parliament has voted on a recommendation that would see the Eastern European country in the euro zone in January of 2015. The vast majority (545) of parliamentarians voted for the recommendation, stated a press release from the European Parliament. High inflation blocked Lithuania’...

Locked content Sikorski: Ukraine expects action from EU

Ukrainian authorities expect EU authorities to give an adequate response to Russia’s behavior in the conflict in eastern Ukraine, Poland’s Foreign Affairs Minister Radosław Sikorski said at the end of his visit in Kiev. “My talks with President [Petro] Poroshenko and Prime Minister [Arseniy] Yatseni...
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Locked content E-commerce firms open logistics centers in Poland

Chinese e-commerce giant LITB (LightInTheBox) has decided to open a logistics center in Poland, according to reports by daily Rzeczpospolita. It will be the firm’s first logistics center outside China. The first stage will comprise 1,800 sqm and will be located in Wola Bykowska near Piotrków Trybuna...

Locked content Core inflation at 1% in June

Core inflation, excluding food and energy prices, amounted to 1 percent year-on-year in June, compared to 0.8 percent in May, the National Bank of Poland said on Monday. Inflation excluding state-controlled prices amounted to -0.1 percent y/y compared to -0.2 percent in May. Inflation excluding the ...
Enea's Kozienice power plantImage : Enea

Chemical leak in Kozienice power plant

About nine cubic meters of chemical called mazut leaked out from one of the boilers in the Kozienice power plant belonging to energy group Enea on Wednesday. The company has said that the leakage was quickly discovered.

Locked content Alumetal debuts on WSE

Aluminum manufacturer Alumetal is going public on Thursday, with an initial offer of 8,376,500 shares, sold at PLN 35 apiece, bringing the total value of the IPO to PLN 293 million. The company assigned all the stock it offered, with demand exceeding the offer by 27.86 percent. Institutional investo...

Locked content JSW signs PLN 1.2 bln deal with ArcelorMittal

Jastębrzska Spółka Węglowa signed a PLN 1.2 billion deal with JSW miner inks ca. PLN 1.2 bln coking coal supply deal with steel producer ArcelorMittal for coking coal delivery. The deal covers 2014, and supplies worth PLN 569.8 million has already been realized to date. WSE-listed JSW is one of the ...

Locked content HydroPhi Technologies commits to investment in Poland

The Polish branch of US firm HydroPhi Technologies is entering the NewConnect on the WSE. The firm is a leading developer of water-based hydrogen fuel production systems for improving fuel efficiency in traditional carbon-based fuel systems. Dom Maklerski WDM is supporting HydroPhi’s entry ont...

Locked content Average monthly pay up 3.5% y/y

Average monthly salary in the corporate sector amounted to PLN 3,943.01 in June and was 3.5 percent higher than in June of 2013, as well as 1.7 percent up from the reading in May, statistics office GUS said. “Wage growth decelerated in June to 3.5%YoY from 4.8%YoY in May, much more than expected,” s...

Locked content Komex eyes SEE expansion

Komex, the owner of the 5-10-15 children’s clothing brand, is in advanced talks on entering southern and eastern European markets, Puls Biznesu reports. The first market of target in Romania. The first 5-10-15 store in Romania will be opened before the end of this month, said Jacek Korpala, partner ...