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Locked content Poland to be the fastest growing EU economy by 2050 – PwC

According to the latest The World in 2050 report compiled by consultancy firm PwC, Polish economy would be one the fastest growing large economies in Europe (along with Turkey), doubling its GDP (at purchasing power parity) by 2050 from the current $1,052 billion to $2,103 billion in 2050. However, ...

Locked content Truck drivers in demand, economists not – labor ministry

Truck and tractor drivers will be the most in-demand job in 2017, according to a report released by the ministry of family, labour and social policy. As many as 95.5 percent of surveyed experts picked that profession as the most sought after, compared to 78.9 percent last year. Welders are the secon...

Locked content Wrocław to launch electric car rentals next year

The city of Wrocław will launch a short-term city-wide electric car rental service next spring. Some 200 Nissan Leafs will be available to rent with 30 charging stations located throughout the city. The service will be operated by Enigma which won the tender for the service. According to Gazeta Wroc...

Locked content Poland to lend PLN 1 bln for broadband infrastructure

Poland will allocate PLN 1 billion in preferential loans to telecom firms for investments into broadband infrastructure, Ministry of Digital Affairs announced. Loans will be capped at PLN 10 million per investment and will be granted for up to 15 years. Funds will be used for investments aimed to in...

Locked content Paged finalizes Forbis takeover

WSE-listed furniture maker Paged, has acquired 70 percent stake in interior design firm Forbis Group for PLN 8.4 million. Paged will additionally pay PLN 3.6 million if the acquired firm reaches performance benchmarks. The initial agreement was signed back in August last year. Forbis’ value was esti...

Locked content Angela Merkel visits Poland

  German Chancellor Angela Merkel met with top Polish officials during her one day visit to Warsaw on Tuesday. Merkel met with Polish PM Beata Szydło to discuss EU’s politics and Polish-German relations. “I am convinced that good partnership is crucial for the success of the European proj...
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Locked content Sunday trade ban to be gradually implemented – PiS MP

According to Law and Justice (PiS) MP Adam Abramowicz, the proposed ban on trade on Sundays could be gradually imposed. For example in the first few months, the ban could be enforced on 2-3 Sundays per month. “We could introduce the new law in phases, to see how the ban would affect economy,” Abramo...

Locked content JW Construction to launch buyback offer

WSE-listed real estate developer JW Construction has accepted the tender offer from its owner Józef Wojciechowski to buy back company’s shares. If the offer is successful he will control 100 percent shares of the company. Wojciechowski, who currently owns 65.96 percent stake offered to buy bac...