Locked content Foreign debt at €285.3 billion – NBP

Poland’s gross foreign debt amounted to €285.3 billion in the second quarter of 2014, according to data published by the National Bank of Poland. In Q1 2014 the figure was €277.85 billion. The liabilities of monetary financial institutions, excluding the central bank, amounted to €48.78 billion comp...

Locked content 4YOU Airline to return tickets

In a ch-aviation portal news article, it has been made known that the start-up Polish airline 4YOU Airlines will be sidelined and forced to return all ticket purchases to its clients. The Warsaw District Prosecutor’s Office initiated investigation of the company for alleged fraud. The first al...

Locked content Individuals expect inflation at 0.2%

In mid-September private individuals in Poland expected inflation to be at 0.2 percent within a year’s time, the National Bank of Poland said on Tuesday. A month earlier inflationary expectations were at the same level, the NBP said. The NBP calculated the data based on a survey carried out by stati...

Locked content Over 600 bankruptcies between January and September 2014

Courts declared bankruptcies of 619 companies during the first nine months of 2014, a 9 percent drop compared to the corresponding period of 2013, according to preliminary data compiled by credit insurance firm Coface. Despite the decrease, the number is still twice as big as in 2008. The manufactur...

Locked content BGK to issue €500 mln debt on foreign markets

State-owned lender Bank Gospodarstwa Krajowego (BGK) will issue 10-year bonds on foreign markets this year, the government’s press office said on Tuesday. The face value of the issue will be €500 million. The Polish government approved a guarantee for BGK’s bonds the same day, for a total sum of €70...

Locked content T-Systems to provide ticket sale system for Pendolino trains

Deutsche Telekom’s T-Systems Polska has signed a PLN 8 million contract with PKP Intercity for building a new ticket sale support (RMS) system that will service the sale of Pendolino train tickets. Operating on short deadlines, the new system should be implemented in Q4 of this year. Meanwhile...

Locked content Second Warsaw subway line construction completed

AGP Metro Polska has completed construction work on the second subway line in Warsaw and will now submit documentation necessary to obtain approvals, reports Polish Radio. Before passengers will be able to travel on the underground railway line, the contractor will have to obtain hundreds of approva...

Locked content The Czech Republic bypasses Visegrad Group on radar tender

The Ministry of Defence of the Czech Republic has informed through its website that the country plans to draw up a tender for a military radar system independent of the Visegrad Group. The Czechs have decided to exit the Visegrad project and offer a tender only for Czech constructors in an effort to...

Locked content Orange Polska to pilot retail sale of electric energy

The telecommunications company announced that it will pilot the sale of electric energy to clients of its telecommunications services. The sale is planned to commence in October and will be offered through 33 Orange retail locations in Kraków and the Silesian conurbation. Orange Energia consumers wi...