Locked content Poles negative on Poland’s foreign policy – poll

As many as 68 percent of the Poles are negative towards Poland’s foreign policy, the latest poll by IBRiS showed. The survey was conducted after last week’s EU summit where Poland failed to oppose Donald Tusk’s reappointment as the European Council president. Only 25 percent of the...
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Poznań office market with 64,100 sqm leased in 2016 – JLL

After 2015’s record-breaking performance, when demand for office space in Poznań totaled 64,900 sqm, 2016 closed with a result of 64,100 sqm. An interesting trend in 2016 was the increased share of pre-let agreements in overall demand – much higher than in previous years, according to a recent...

Locked content Multi-speed Europe will break EU – Kaczyński

The idea of multi-speed Europe is nothing but an attempt to dismantle the European Union, Jarosław Kaczyński, the leader of Poland’s ruling Law and Justice (PiS) party said at a press conference. “Today, the problem of multi-speed European Union, which is in fact a breaking up of its unity, be...

Locked content Prosecution summons Tusk in Smoleńsk case

Polish prosecutors have summoned European Council President Donald Tusk as a witness in a case against former secret service officials Warsaw district prosecutor’s office said. The summons announcement came a few days after Tusk reappointment for second term as the EC head, despite Poland bein...

MPC member: rate hike needed this year

According to the Monetary Policy Council (RPP) member Eugeniusz Gatnar, a rate hike might be needed in the second half of 2017 in order to stop accelerating inflation from discouraging domestic savings. “I believe that if real interest rates were to remain negative for a longer period of time, then ...

Locked content EU and Gazprom close to reaching a deal

According to the European Commission, Gazprom commitments to solve the antitrust issues the bloc had with the Russian gas giant should be enough and provisionally accepted them. “We believe that Gazprom’s commitments will enable the free flow of gas in Central and Eastern Europe at competitive price...

Locked content KNF asks mBank to retain its 2016 profit

WSE-listed mBank, has been asked by the financial market regulator KNF to refrain from paying out dividend from its 2016 profit, in line with the lender’s own guidelines. Last year, mBank had PLN 1.219 billion in profit. Earlier this month, KNF asked BZ WBK, BGŻ BNP Paribas, ING Bank Śląski an...

Locked content Poland could face power shortages after 2020

Poland could have insufficient power capacity in the system beyond 2020, power grid operator PSE president Eryk Kłossowski warned. He suggested that introducing a capacity market could be a long-term solution. If not “ it will be necessary to implement a package of radical market reforms related to,...

Locked content KIPF to buy back the remaining Pelion shares

KIPF, the majority shareholder of the WSE-listed pharma distributor Pelion will buy back the remaining 8.27 million shares with the price set at PLN 52.33 apiece. KIPF, along with the company’s owners controls 25.77 percent of capital and 54.13 percent voting rights. The tender will go through...