Locked content Bogdanka issues bonds worth PLN 400 mln

Pekao SA and Bank Gospodarstwa Krajowego (BGK) have acquired bonds worth PLN 400 million from coal mining company LW Bogdanka, according to Bogdanka’s press release. Four hundred maturity bonds, each valued at PLN 1 million were emitted to bolster the company’s existing investments, liabilities, ong...

Locked content EU may help Polish fruit and vegetable growers

The European Commission does not rule out a helping hand to Polish farmers who may suffer due to the Russian embargo on Polish fruit and vegetables. A motion from the Minister of Agriculture and Rural Development Marek Sawicki regarding the matter has been sent to the EU Commission. EU Commission sp...

Locked content Energy drinks increasing in demand

Over the last 12 months, the energy drink category in Poland has grown by 6.7 percent in value and is currently worth PLN 818 million. In terms of volume, energy drink sales rose by 10 percent for the current moving annual total. A 120 million liters of energy drinks were sold during this 12-month p...

Locked content PKP plans PLN 9 billion worth of real estate investments

Polish railways PKP is planning investments in Poland’s major cities: Warsaw, Wrocław, Kraków and the Tri-City, whose total value is estimated at PLN 9 billion. “We will be one of the leading players in the Polish real estate market,” Jarosław Bator, managing director responsible for PKP’s real esta...

Locked content BIEC: Slower improvement on labor market

The forward-looking labor market indicator, calculated by the Bureau for Investments and Economic Cycles (BIEC) has been declining for a year, according to a report from the institution quoted by the Polish Press Agency. Over the past months the rate of decline has slowed down over the past months, ...
Image : Sylwester Braun "Kris" The Prudential building, Warsaw’s tallest skyscraper and was hit by approximately 1000 artillery shells during the uprising.

Warsaw Uprising commemorated 70 years on

The 70th anniversary of the Warsaw Uprising will include 70 seconds of silence at 17:00 with sirens and church bells sounded across the city. Today, Warsaw remembers the beginning of its ill-fated uprising against Nazi occupation in 1944. Commemorations will include wreath-laying ceremonies and choi...

Locked content Budget deficit at PLN 25.3 bln after May

Poland’s budget deficit amounted to PLN 25.3 billion after May, according to revised data from the Ministry of Finance quoted by ISBnews. It stood for 53.3 percent of the annual plan. The ministry had earlier estimated that the May budget deficit was PLN 25.36 billion. Budget revenue amounted to PLN...

Locked content Bank Handlowy profit drops in Q2

Citibank unit Bank Handlowy recorded a net profit of PLN 266.2 million in the second quarter of 2014 compared to PLN 300.3 million a year earlier, the lender said in a statement on Friday. Analysts polled by the Polish Press Agency had expected the net profit to be even lower, at PLN 248.8 million. ...

Locked content JSW finalizes coal mine takeover

Coking coal producer Jastrzębska Spółka Węglowa (JSW) has signed the final agreement to acquire coal mine KWK Knurów Szczygłowice from sector giant Kompania Węglowa (KW). The deal value is PLN 1.49 billion. The initial takeover agreement was signed in April this year. JSW will finance the purchase w...