Daily Archives: September 4, 2014

Locked content Zapatero: Poland should be cautious about euro

September 4, 2014 Economy, Poland AM
Poland should not hurry with its efforts toward euro adoption, according to former Spanish Prime Minister José Zapatero, who spoke at the Economic Forum in Krynica. “For Spain euro adoption was a lever that led to greater liquidity and gave access to a huge market,” Zapatero said. “But the accompany...

Locked content Erbud to build for Capital Park

September 4, 2014 Lokale Immobilia, Poland AM
Construction company Erbud has signed an agreement with Dakota Investments, a unit of Capital Park, and will be the general contractor of the Delta building in the Eurocentrum office complex. The contract value is PLN 22.41 million net. It may be increased by up to PLN 7.15 million net. The Eurocent...

Locked content RPP should cut rates twice – Zielińska-Głębocka

September 4, 2014 Economy, Poland AM
Poland’s Monetary Policy Council (RPP) should cut rates twice, in October and November, by 25 basis points each time, the council’s member Anna Zielińska-Glębocka said in an interview for TVN24 Biznes i Świat. The rate-setter believes that the RPP has received signals that the economic growth in Pol...

Locked content Freshmarket to generate PLN 1.4 bln revenue in 2014

September 4, 2014 Poland AM
In 2014, the food store chain Freshmarket will have PLN 1.4 billion revenue, said the CEO of Żabka Polska Jacek Roszyk. Freshmarket belongs to Żabka Polska company. “We are satisfied with the project. Our Freshmarket chain store will be the leader of supermarkets in 2016, as a result of almost 2-fol...

Gov’t expects GDP growth to accelerate

September 4, 2014 Economy, Main News
The Polish government expects the country’s GDP to grow by 3.4 percent in 2015, then accelerate to 3.7 percent in 2016, 3.9 percent in 2017 and 4 percent in 2018, according to the draft 2015 budget framework published on Thursday.

Locked content Poland sells bonds worth PLN 3.6 bln

September 4, 2014 Economy, Poland AM
The Polish Ministry of Finance sold two series of treasury bonds worth a total of PLN 3.595 billion during an auction held on Thursday. Total demand stood at PLN 5.659 billion. The ministry sold WZ0124 series bonds for PLN 1.003 billion. The securities mature in January 2024. Another series of bonds...

Pesa to build fuel locomotives for PKP Intercity

September 4, 2014 Main News
Pesa Bydgoszcz, a Polish rolling stock producer will provide PKP Intercity, a Polish railway passenger transportation company, with 10 internal combustion locomotives. The transaction value will be PLN 131.2 million, PKP Intercity said on Thursday.

Locked content UPS to build logistics units in Poland

September 4, 2014 Poland AM
UPS, one of the biggest logistics companies on the global market will invest into two new undertakings in Poland, Dziennik Gazeta Prawna reported on Thursday. A transshipment center will be located in Stryków and a global business support center (GBS) in Łódź, both in central Poland. The Stryków cen...

EBRD to invest €500-600 mln annually in Poland

September 4, 2014 Main News
The European Bank for Reconstruction and Development would like to invest €500-600 million annually in Poland, the institution’s new director for Poland, Grzegorz Zieliński, told the Polish Press Agency in an interview.

Locked content Polwax plans IPO at WSE

September 4, 2014 Poland AM
Polwax, a paraffin and wax producer plans an initial public offering at the Warsaw Stock Exchange, the Polish Press Agency reported on Thursday. The company will offer up to 3,819,965 shares (roughly 40 percent of all shares of the company). The IPO may be carried out between Q3 and Q4 of 2014. The ...