Locked content Malow to invest PLN 40 million in Suwałki SEZ

  Metal furniture producer Malow is to invest a further PLN 40 million in the Suwałki Special Economic Zone (SEZ). Malow is one of the key and longest-standing companies in the zone. As part of the investment Malow plans to hire 10 new employees, adding to the current workforce of 566. Monika O...

Locked content Avian Flu crisis team set up in Wielkopolska

  An outbreak of avian flu in the town of Ostrzeszów in the Wielkopolska voivodship has prompted local authorities to form a crisis team to deal with the situation. Lech Janicki, an official of Ostrzeszów who created the district crisis team said: “We had to take immediate action on the d...

Locked content Setanta to debut on WSE 

Polish company Setanta is to debut on the main market of the Warsaw Stock Exchange on January 19, moving from the NewConnect market, it was announced in a press release on Wednesday. Setanta will be the 487th company listed on the main market and the first debut on the market in 2017, according to t...

Locked content PGNiG gas and oil sales up in IV 2016

Polish Oil and Gas Company (PGNiG) sold 7.37 billion cubic meters of gas in the fourth quarter of 2016 compared to 6.54 billion cubic meters in the same period of 2015. Sales of natural gas in the whole of 2016 amounted to 24.36 billion cubic meters, which was up slightly from 23 billion cubic meter...

Locked content PAIiIZ concluded 64 projects worth EUR 1.75 billion in 2016

The Polish Information and Foreign Investment Agency (PAIiIZ) last year completed 64 investment projects worth a total of EUR 1.745 billion (an increase of 128 percent y/y) which guaranteed some 16,047 new jobs (an increase of 78 percent y/y), said Krzysztof Senger, the vice president of PAIiIZ R...

Locked content Taxi drivers continue to press gov’t for tighter industry regula...

On Wednesday, Jerzy Szmit, the Deputy Minister of Poland’s Ministry of Infrastructure and Development, received a petition asking the government to increase regulation, so as to make the market fairer for all operators, according to reporters outside of the Ministry. A representative for the transpo...

Locked content Poland rises in innovation rankings – Patent Office

According to Bloomberg, Poland has improved its innovation ranking in 2016. The president of Poland’s Patent Office, Alicja Adamczak, outlined the importance of companies obtaining patents in contributing to this rise at a conference at the national office on Wednesday. During the conference, it was...

Locked content Energa has ‘stable performance’ at the end of 2016 – report

Polish energy company Energa stated that its performance in distribution remained stable during the final two quarters of 2016, while its sales and generation “faced headwinds.” The Electrical energy supplier estimated that, during Q4 of 2016, that it earned PLN 502 million, before interest, taxes, ...

Locked content Moody’s predicts higher GDP growth, inflation for 2017

The international credit rating agency Moody’s may not have upgraded its rating for Poland this week, as many had hoped, but it did release some relatively optimistic predictions for the country’s economy for 2017. According to a report released to the press on Wednesday, Moody’s maintained its fore...

Locked content Wizz Air to introduce non-stop service from Silesia to Lviv

Budget airline Wizz Air will soon begin offering direct flights from the largest city in Poland’s Lower Silesia region, Wrocław, to the western Ukrainian hub of Lviv, the president of Wrocław’s International Airport said at a press conference on Wednesday. “Air travel will only take [approximately] ...