Locked content Jastrzębska issues PLN 300 million in bonds

Jastrzębska Coal Company (JSW) issued 30,000 bonds with a total value of PLN 300 million, the company said in a press release on Friday. They were acquired and paid for in full by the Financial Society of Silesia, it was also indicated. The transaction took place in the framework of the bond issuing...

Warsaw’s Westin Hotel sold

Skanska Commercial Development Europe has sold one of the most prominent landmarks on the Warsaw skyline, the five-star Westin Warsaw, to Qatari investor Al Sraiya Holding Group for €56 million.

Locked content Automotive Suppliers’ report: record high exports for Polish-mad...

A company that monitors the automotive industry in central and eastern Europe has given a positive assessment of the Polish export industry for 2016, according to its annual report, released to the press on Friday. “The observed dynamics in the first nine months of this year, [allows for] a forecast...

Locked content ZUE wins big PKP contract

PKP Polish Railway Lines chose a bid worth PLN 281 million, which was made by construction company ZUE, as the most favorable in the tender for the first phase of work on railway lines between Łódź Kaliska, Zduńska Wola, and Ostrów Wielkopolski, the company stated in a press release on Friday mornin...

Echo offloads former Cracovia hotel building in Kraków

Developer Echo Investment has sold the former Cracovia hotel building in Kraków to the Ministry of Culture and National Heritage for PLN 29 million. The property will be owned by the National Museum in Kraków and is expected to house a design and architecture gallery in the future. Echo acquired the...

Locked content Poland’s president rejects controversial amendment

President Andrzej Duda, stressing the right to free assembly, has refused to sign a controversial amendment written and passed by his own political party, Law and Justice (PiS), instead sending the bill to Poland’s Supreme Court for review, the press secretary of the Constitutional Court said on Thu...

Locked content Energa to upgrade, implement Smart Grid

Electricity supplier Energa Operator will execute projects worth PLN 174.5 million to update the Smart Grid in Poland, the company said in press release. The project will involve the installation of smart meters and automated networks in buildings and homes, which the company said will improve energ...

Locked content Alcatel-Lucent and Infracapital Greenfield to team up

Polish mobile network provider Alcatel-Lucent and Infracapital Greenfield Partners LP have applied to the Office of Competition and Consumer Protection (UOKiK) to establish a joint venture, UOKiK said in a press release on Thursday. Alcatel-Lucent is a Polish company controlled by Nokia Corporation....

Locked content Enea announces big plans for coming year

Electricity distributor Enea has signed deals with Poland’s Ministry of Energy to complete work that will develop electricity distribution and increase connection capacity, the company said in a press release on Thursday. The value of the projects was said to be over PLN 67 million. By the end...

Locked content Szydło: Budget is “stable”

As of the end of November of 2016, approximately half of the annual (2016) budget had been spent, the Polish Prime Minister, Beata Szydło, said in a press release on Thursday. However, the PM did not specify exactly what that amount would be at the end of 2016. Last week, the Ministry of Finance ann...