Locked content Global Cosmed plans German takeover

Cosmetics and cleaning goods producer Global Cosmed wants to take over German peer domal wittol Wasch und Reinigungsmittel, the Polish firm said in a statement on Friday. Global Cosmed has signed an agreement with the target company’s advisor and its bankruptcy administrator. It has gained acc...
Gdański Business Center 
Image : HB Reavis

Locked content HB Reavis with €25 million refinancing loan for GBC

Slovakian developer HB Reavis has sign an agreement with lender BZ WBK for a refinancing facility totaling €24.9 million for the construction of building B of Gdański Business Center. In May of this year, BZ WBK granted the developer a €46.8 refinancing loan for the construction of building A of the...

Locked content Supersam.pl eyes new stores in network

Supersam.pl, a multi-store e-commerce platform, plans to add some 800 stores to its offer by the end of 2014, the project’s initiator Tomasz Kwieciński was quoted as saying by ISBnews. “We are about to finalize talks with several large traditional store networks in each of the categories we offer,” ...

Locked content Average salary inches down in Q2

In the first quarter of 2014, the average monthly salary in Poland amounted to PLN 3,739.97, the Central Statistical Office (GUS) said in a press release on Monday. According to earlier published GUS data, tn Q1 2014 the average salary was PLN 3,895.31. In the second quarter of 2013, the average mon...
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Exports slightly lower than imports in H1

Poland exported goods worth €80.02 billion (PLN 334.7 billion, $110.06 billion) in the first half of 2014, according to data published by the Central Statistical Office (GUS) on Monday. Imports stood at €80.2 billion (PLN 335.46 billion, $110.3 billion).

Locked content OECD’s indicator for Poland inches down in June

The Composite Leading Indicator (CLI) for Poland amounted to 100.59 points in June 2014, compared to 100.66 points in May, according to data from the Organisation for Economic Co-operation and Development (OECD). In July 2013 the CLI was at 100.39. The CLI for the euro zone inched down to 100.98 poi...
Image : Tauron Polska Energia

Tauron and ArcelorMittal agree on joint venture

Tauron power group signed a deal with ArcelorMittal steel conglomerate to create a new entity called JV Tameh Holding. Tauron said in a press release that the new entity will operate power generation assets currently held by both companies.

Locked content Number of job offers grows rapidly – BIEC

The job offers barometer calculated by the Bureau for Investments and Economic Cycles (BIEC), which shows changes in the number of online job advertisements, grew by 8.7 points to 139.2 points in July, according to data quoted by the Polish Press Agency. The significant growth recorded in July was t...
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Bakalland to be taken off bourse

Innova Phoenix and EMP Investments have announced a tender offer to buy 5,183,311 shares in nuts and raisins distributor Bakalland that make up 26.40 percent of all the company’s shares. The group calling on the shares wants to acquire 100 percent in the company’s and withdraw it from th...

Locked content S&P affirms Poland’s ratings

Ratings agency Standard & Poor’s has affirmed its assessment of Polish bonds, the firm said in a recent press release. The rating for Poland’s foreign currency remains at A-/A-2 for long-term and short-term bonds. In the case of zloty bonds the respective ratings are A/A-1. The outlook is stable...