Locked content B2B e-commerce can help firms cut purchasing costs by 15% – Delo...

Digital B2B purchases could bring companies up to 15 percent of savings, however only 35 percent of Polish firms use internet purchasing platforms, according to a report prepared by Deloitte and Aleo, a subsidiary of ING BSK. “This business is following the trends observed in the consumer market, wh...

Locked content President signs school reform bill

Poland’s President Andrzej Duda has signed the bill on the reform of the educational system. According to the new law, education will be divided into two stages: an eight-year elementary school and four-year comprehensive or five-year technical secondary schools. The reform means reinstating the sys...

Locked content 61% of Poles in favor of nuclear plants in Poland

As many as 61 percent of the Polish society is in favor of building a nuclear power plant in Poland, including 21 percent who strongly support the idea, according to a poll conducted for the Ministry of Energy. “This is the highest score in the history of the poll, which has been carried out regular...

Locked content PKP PLK with PLN 240 mln deal to modernize tracks in Lower Silesia

Polish Railways Operator PKP PLK has signed an agreement with the Lower Silesia Voivodship to refurbish the Wrocław-Świdnica and the Legnica-Dzierżoniów Śląski sections for a total of PLN 240 million. PLN 170 million of that sum will be provided by the 2014-2020 Regional Operational Programm for the...

Locked content S&P lowers Poland’s GDP growth forecast to 3.2% in 2017

Ratings agency S&P has lowered its December GDP growth forecasts for Poland from 3.3 percent to 3.2 percent in 2017 and from 3.0 percent to 2.8 percent for 2016. In December, the agency maintained its long and short term rating for Poland at the “BBB plus/A-2” level and the long and short term r...

Locked content Kruk spent PLN 1.3 bln on debt portfolios in 2016

Debt collector Grupa Kruk invested a total of PLN 1.3 billion in 99 debt portfolios, with a total nominal value of PLN 16.1 billion. A similar level of acquisitions will be difficult to repeat this year, CEO Piotr Krupa stated. “In 2016, some two-thirds of our investments were done abroad. Over the ...

Locked content Inter Cars 2016 revenue 20% up y/y

Car parts manufacturer Inter Cars recorded consolidated revenue of PLN 4.857 billion in December 2016, a 20 percent increase year-on-year, the company stated. For the entire 2016, the group’s revenue reached PLN 5.9 billion. Inter Cars SA reported sales of PLN 4.87 billion in 2016 (marking a 19.6 in...

Locked content Gov’t will spend PLN 10 bln on improving air quality

The National Fund for Environmental Protection and Water Management will spend app. PLN 10 billion on improving air quality, the institution has stated. The funds will be earmarked for promoting geothermal energy and other renewable energy sources, as well as on improving thermal insulation of build...

Marvipol sees increased apartment sales

Warsaw Stock Exchange-listed developer Marvipol sold 627 apartments last year, which marks a 4.5 percent increase on the number of housing units the company offloaded in 2015. According to the management board, the developer should further improve its apartment sales this year. At the end of Decembe...