Locked content Orbis exercises right to acquire Budapest hotel for €44 mln

    A subsidiary of Orbis has exercised the option to acquire a hotel in Budapest for no more than €44 million, Orbis announced in a statement on Monday.   Orbis said that Accor, its majority shareholder, exercised its right of option to buy the hotel “Sofitel Budapest Chain Bri...

Locked content Mood in euro zone better than expected

  The index of sentiment in the euro zone economy was 107.9 points in January compared to 107.8 points in the previous month, the European Commission said in a statement. Analysts expected in the index to be at a level of 107.8 points.   The consumer confidence index rose to minus 4.9 poin...

Locked content Consortium of Wasko and Comp with PLN 39.9 mln offer for data center

A consortium that includes, among others, a subsidiary of Wasko has won a tender for the construction and implementation of data centers, processing centers and data archiving with an offer PLN 39.9 million, Wasko informed in a statement. The tender was initiated by the Departmental Management Centr...

Locked content Deputy finance minister Jasiński resigns

Wiesław Jasiński, the deputy finance minister, has resigned. Spokesman for the finance ministry Luke Świerżewski told the press that the minister submitted his resignation to the Deputy Prime Minister and Minister of Finance and Development Mateusz Morawiecki, citing personal reasons for his decisio...

Locked content Polish poultry exports increase by 35%

    Exports of Polish livestock, meat, offal and processed poultry in terms of volume increased by 35 percent y/y in the period from January to November 2016, the Foreign Agricultural Markets Monitoring (FAMMU/FAPA) announced, citing data from the European Commission. The total exports to ...

Locked content Stelmet profits take a hit in 2015/2016

  Garden furniture producer Stelmet recorded PLN 68.2 million in consolidated net profits attributable to shareholders of the parent company in the financial year 2015/2016 (October 1, 2015 – September 30, 2016) against PLN 80.84 million profit a year earlier, the company said in a report...

Locked content PKO BP considering opening London branch

  PKO Polish Bank is considering opening a branch or representative office in London, CEO Zbigniew Jagiełło announced. The final decision is to be made within a few months. “Yes, we are considering opening a PKO BP facility in London. Will it be a branch or a representative office? That w...

Locked content More than 600 new jobs for Łódź SEZ 

Ten new business permits for the Łódź Special Economic Zone will result in over 600 new jobs and investments worth nearly PLN 500 million. Six companies are debutants in the Łódź Special Economic Zone and four businesses will develop their current activities.   “We value both new companie...

Locked content EC: €530 mln for Gdańsk-Elbląg and Wyszków Białystok roads

The European Commission said on Monday it is to spend more than €530 million from the Cohesion Fund to support the construction of expressway S7 Gdańsk – Elbląg and S8 route between Wyszków and Białystok. “With these projects, Polish citizens will be able to reach the centers of regions,...