Locked content GDP growth seen at 3.5% this year – expert

Poland’s gross domestic product may have grown at 3.1 percent year-on-year in the first quarter of this year, according to a statement from Paweł Durjasz, a member of the Prime Minister’s Economic Council. Full-year growth in 2014 may amount to 3.5 percent, he said. Data from the Central...

Locked content Civic Platform losing support – poll

Support for the ruling Civic Platform has dropped by 5 percentage points over the last month, according to a poll carried out by TNS Polska. Only 23 percent of the respondents said they would vote for the party in parliamentary elections. A month ago the figure was 28 percent. Main opposition party ...

Locked content Piątnica to sell eco-milk

The dairy cooperative with revenue of PLN 847 million is planning on introducing ecological milk in its product offer. Ecological certificates for their dairy farmers are due at the end of 2014, wrote Puls Biznesu. Milk production in Poland is worth more than PLN 30 billion. According to Organic Far...

Locked content Residential market picking up

Construction of 72,253 apartment units was launched in H1 2014, 22.5 percent more than in the first six months of 2013, according to preliminary data published by statistics office GUS. The strong increase is at least partly the product of last year’s low base. In the January-June period of 2013, a ...
Image : M. Śmiarowski/KPRM Donald Tusk

PM calls plane crash an act of terror

Speaking at a press conference on Friday, Poland’s Prime Minister Donald Tusk called the crash of a Malaysian passenger plane in eastern Ukraine an “act of terror”. All information now available leads us to believe the aircraft was shot down from that part of the country that separatists contr...

Locked content Export crisis, a blessing in disguise

The Ministry of Economy sees the current crisis in Ukraine and the subsequent fall in trade with Ukraine and Russia as an opportunity to expand trade relations. “This is a great time to expand into other markets,” said Ilona Antoniszyn-Klik, economy vice-minister. The ministry has set th...

Locked content Grupa Grass buys Danish DLH brand

Grupa Grass, a floor and elevation decking company based in Płońsk, is buying Danish timber producer DLH’s operations in Poland and Slovakia. The purchase will be financed by the group’s own capital and debt. It will amount to about DKK 100 million (PLN 54.4 million). The Danes have been a presence ...

Locked content SKOK “Wspólnota” files for bankruptcy

Cooperative credit union SKOK “Wspólnota” filed for bankruptcy after the Financial Supervision Authority (KNF) made a decision to cease the cooperative banker’s operations due to its poor financial well-being and an increasing dependence on outsourcing, according to an ISBnews release. S...

Locked content LOT claims Ukrainian routes are safe. Offers refunds

Polish state-controlled airline LOT issued a statement that all of its routes over the Ukrainian airspace are safe. All of our Ukrainian destination (Kiev, Lviv and Odessa) are far away from the Eastern Ukraine territory where the armed conflict has been taking place. … long haul flights, such as Be...

Locked content M&A activity continue to rise in Poland

Poland’s M&A market will see further recovery in the second half of the year, maintaining the upward trend seen in the first six months of 2014, according to a report by law firm Allen & Overy. “The Polish M&A market has been relatively lively in H1 2014 as compared to previous years....