Locked content Poland to seek settlements in disputes with road builders

Poland wants to reduce both the number and the value of disputes with construction firms which built country’s roads in recent years, deputy Infrastructure Minister Jerzy Szmit said. The value of the disputes is at PLN 10 billion, Szmit revealed. “There are hundreds of cases in courts; we don&...

Locked content Poland to lure EU’s financial institutions – KNF head

Poland wants the European Bank Authority to move its headquarters from London to Warsaw after Brexit will be finalized, Marek Chrzanowski, head of Polish Financial Supervision Authority (KNF) told Puls Biznesu daily. “I’ve been meeting with representatives of foreign financial groups. I would ...

Locked content PM Szydło: Poland’s energy strategy should be based on security...

Speaking at the opening of a new power block of Elektrociepłownia Gorzów, Polish PM Beata Szydło said that the country’s energy strategy has to be based on three pillars – security, own and independent energy sources as well as competitiveness and modernization. “Energy security means that we ...

Locked content ING Bank Śląski with PLN 255 mln net profit in Q4

WSE-listed ING Bank Śląski, Polish unit of Dutch ING, had PLN 254.9 million attributable net profit in Q4, missing the consensus which stood at PLN 271.8 million. Mainly due to provisions and costs outrunning both market expectations and fast-rising core revenues, the lender said in its Q4 financial...

Locked content Iconix Brand to enter Polish market

Licensing company, Iconix Brand, which owns such clothing brands as Umbro, Ed Hardy or London Fog is looking for franchisees in Poland, daily Puls Biznesu wrote. The company wants to license 10 out of its 30 brands. “We’ve entered Western European markets and the next natural move is to expand...

Locked content Swarovski to open service center in Gdańsk

Austrian producer of cut lead glass, Swarovski, will open its global service center in Gdańsk to handle its financial and administrative affairs. The center will launch in June this year, however at first, the team will be limited. The company plans to hire “several hundred” people in the next few y...

Locked content Unified Factory to expand its Romanian operations

Listen on NewConnect, Unified Factory, which produces sales and customer service automation solutions, will expand its sales team in Romania, company said in a market filing. “In 2016, Unified Factory, sold products worth PLN 2.7 million in Romania. That’s why the firm’s management signe...

Locked content PZU looking for potential takeover deals abroad

WSE-listed insurer PZU is seeking takeover opportunities among foreign insurance companies, the Development Ministry said. “The PZU group is seeking possibilities of creating added value through takeovers of insurance firms, which will be the basic M&A targets in foreign expansion,” the Ministry...