Locked content Poland and Lithuania motion EU to subsidize gas pipeline

Poland’s Gaz-System and Lithuania’s Amber Grid have filed a joint motion for EU financial support for the construction of a gas pipeline connecting the two countries. One application is for the financing of design work. Another asks for financial support for building the above mentioned ...

Locked content RPP members support further interest rate cuts

Some members of Poland’s Monetary Policy Council (RPP) were in favor of further cuts in interest rates, in order to counteract the negative impact of low inflation figures, according to official minutes of the latest RPP sitting. “A few Council members pointed out that interest rate decrease could b...
Image: Netia

Netia to cooperate with P4?

Poland’s second-largest telecommunications firm Netia may cooperate with local peer P4, operator of the Play network, the company’s biggest shareholder Zbigniew Jakubas was quoted as saying by Reuters.

Locked content Arx Equity buys stake in Anwis

Polish PE firm Arx Equity Partners has backed a management buy-in at window coverings producer Anwis Polska, UnQuote reports. Financial terms of the deal were not disclosed. Jacek Gromniak, who was previously at the helm of sector firm Somfy Poland, will now become CEO of Anwis. The new owners plan ...

Locked content Fewer Poles against introducing euro

The percentage of Poles against introducing the euro as the national currency decreased in August by 6 percentage points month-on-month. Now it amounts to almost 74 percent, according to a poll conducted by GfK Polonia. At the same time, the percentage of Poles being in favor of the new currency inc...

Locked content Ślak and Gudzowaty to build liquor group

Businessman Grzegorz Ślak and photographer Tomasz Gudzowaty, son of the late tycoon Aleksander Gudzowaty, have established a liquor trade company called Krakus, Puls Biznesu reports. It is set to be the base of a major capital group. Krakus will take over the vodka production assets of Akwawit-Polmo...

Locked content LPP plans more Reserved stores

Clothing retailer LPP plans to increase the number of its German Reserved stores by 20-30 within 2-3 years, Dariusz Pachla, deputy president of LPP, said at a press conference. “Initially, we want to develop one of our brands and then introduce another. German market is much bigger than Polish – des...

Locked content Local gov’t elections set for mid-November

Poland’s Prime Minister Donald Tusk signed a resolution on local government elections setting the election date for November 16, 2014, said government’s spokesperson Małgorzata Kidawa-Błońska. The runoff vote will be conducted, where necessary, on November 30, 2014. Committees should now compile can...
The Tides
Image : Por Property Investments Group

Locked content Por Property launches construction of The Tides scheme

Por Property Investment Group is about to launch construction on a mixed-use scheme in Warsaw’s Powiśle district, called The Tides. Construction will commence in early September and is scheduled to be completed in early 2016. The complex will be located on the bank of the River Vistula. One of the b...

Locked content State Treasury debt up 0.8% in June

State Treasury debt increased by 0.8 percent m/m and in June amounted to PLN 750.21 billion, Poland’s Ministry of Finance informed. Compared to the end of 2013, the debt calculated in the złoty decreased by 10.5 percent. The debt increase was caused by changes in currency exchange rates (PLN 1.1 bil...