Locked content PGE, Enea, Tauron and KGHM sign nuclear plant deal

Major Polish utilities PGE, Enea, Tauron and mining group KGHM have signed a final agreement on their stakes in nuclear program SPV PGE EJ1. PGE will hold a 70 percent share in the company and the other partners will hold 10 percent each. The stakeholders have also agreed to proportionally co-financ...

Locked content Major daily sales continue to drop

Poland’s best-selling quality daily, Gazeta Wyborcza, recorded a 14.3 percent year-on-year drop in copy sales, to 174,067 in July 2014, according to data  from sector monitoring association ZDKP quoted by the Polish Press Agency. In month-on-month terms it dropped by 7.73 percent. Dziennik Gazeta Pr...
Image : LOT Polish Airlines

LOT with profits on passenger traffic

Poland’s national airline LOT has started having a profit from its basic operations, the transport of passengers, the company’s CEO Sebastian Mikosz told the Polish Press Agency on Wednesday.

Locked content New car registrations up in August

The number of new passenger cars and vans registered in Poland in August amounted to 23,348 and was 6.5 percent higher than in August 2013, according to data from sector research firm Samar quoted by the Polish Press Agency. In month-on-month terms the figure grew by 21.2 percent. In January-August ...

Locked content Gov’t approves 2015 budget draft with PLN 46.08 bln deficit

The Polish government approved a draft budget law for 2015 on Wednesday. The draft stipulates for a deficit of PLN 46.08 billion. Budget revenues are expected to come in at PLN 77.48 billion in 2015. Budget expenditures are seen at PLN 81.28 billion. The government also expects a PLN 3.44 billion ne...

Locked content Bieńkowska confirmed as commissioner candidate

Deputy Prime Minister and Minister of Infrastructure Elżbieta Bieńkowska has been officially confirmed as Poland’s candidate for EU commissioner. According to sources quoted by Polish media, Bieńkowska is likely to assume duties related to economic issues, possibly the EU’s internal market, in the E...

Locked content Poles buy more toys

The amount of toys Poles buy has increased, Dziennik Gazeta Prawna wrote on Wednesday. The increase was 4.9 percent in value and 7.9 percent in terms of quantity. Polish toy producers such as Wader, Trefl, Cobi and Epee are concerned about foreign competition of Lego, Mattel and Hasbro, producers of...

Locked content Retail trade down by 1.1% in July – Eurostat

The volume of retail trade in Poland declined by 1.1 percent year-on-year in July, according to data published by the EU’s statistics office Eurostat on Wednesday. In month-on-month terms retail trade inched down by 0.3 percent. Throughout the EU retail trade grew by 1 percent y/y and dropped by 0.4...