Locked content Western giants expected on power exchange – CEO

Large western companies are likely to launch activity of the gas market of the Polish Power Exchange (TGE), the bourse’s CEO  Ireneusz Łazor told  BiznesAlert.pl. “As the experience of our neighbors – Slovaks and Czechs – shows, we may expect the entry of large western energy firms on our market. Ac...

Locked content Synthos gets PLN 147 mln EU financing

The European Commission has granted financing worth PLN 147 million to Polish chemical group Synthos for its new investment, the Ministry of Economy said in a press release on Monday. The project, carried out by Synthos Dwory 7, involves the construction of an innovative synthetic rubber production ...
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Locked content Warsaw office vacancy rates above 13%

Office vacancy rates in Warsaw have increased in the second quarter of the year to reach 13.4 percent at the end of June, up from 11.7 percent at the end of Q1 2014, according to a report by Warsaw Research Forum, an association of commercial real estate advisory firms. Vacancy rates remain higher i...

Locked content Treasury debt at PLN 740.37 bln

The total debt of Poland’s State Treasury amounted to PLN 740.37 billion at the end of May 2014, according to data from the Ministry of Finance quoted by ISBnews. It grew by 0.4 percent month-on-month and by 11.2 percent compared with the end of 2013. The growth mostly resulted from the financing of...

Locked content NBP: Situation improves in enterprise sector

The economic situation of Polish businesses is improving, according to a report issued by the National Bank of Poland on Monday. Forecasts from Q3 2014 are slightly more optimistic than those for Q2. More than 75 percent of the surveyed companies said that their situation is very good, which is 2 pe...

Locked content Bank of Lithuania allows PZU acquisition

PZU has received the go-ahead for an acquisition of shares in the Lithuanian firm Lietuvos Draudimas AB. ISBnews reported that the Bank of Lithuania gave permission for the transaction, meanwhile PZU still awaits an antitrust decision on the matter. The Polish insurer has signed a deal with Royal &a...

Locked content Komorowski warns against ‘wave of violence’

There was Russian aggression in Ukraine, Polish President Bronisław Komorowski said on Monday, during a meeting with Poland’s ambassadors. In this situation, Europe should change its view on security in the region, he added. “There is a growing wave of violence, both to the east of Poland and in Nor...

Locked content Redan changes CEO

Clothing company Redan said on Monday that its CEO Radosław Wiśniewski has resigned from his post. He will be replaced by Bogusz Kruszyński. Wiśniewski said that he has decided to resign as “the restructuring process in Redan is nearing its end and the group’s financial situation is stable,” so he d...

Locked content Open Finance sports a 14% sales increase in Q1

First quarter sales at Open Finance are up by 14 percent year-on-year reaching PLN 6.94 billion. A similar trend seems to be building up in Q2, as reported by ISBnews. The value of credit loans serviced through Open Finance in Q1 grew by 19 percent y/y to PLN 3.12 billion, including 17 percent mortg...