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Waszczykowski accuses EU of fraud. Later retracts

Polish Foreign Minister Witold Waszczykowski claimed in an interview with TVN24, that the election process for the reappointment of Donald Tusk as the European Council President was “faked” and that decision could be contested. “ We have expertise today telling us Tusk was elected in a way which can...
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Three bids in the military helicopter tender

In two tenders run by the Poland’s defense ministry for the special forces and navy helicopters, three companies submitted their bids. Airbus and Leonardo (formerly AgustaWestland) filed their offers in both tenders, while Lockheed Martin will run only in the special forces tender.

Locked content PZU-Pekao takeover deal approved by Ukrainian authorities

Polish insurer PZU along with Polish Development Fund (PFR) received consent of the Antimonopoly Committee of Ukraine to takeover the majority shares in bank Pekao. “The granting of the above-mentioned consent means that one of the conditions precedent for the acquisition of a significant block of s...

Locked content KNF with serious doubts regarding Bumech stock transaction

Poland’s Financial Supervisory Authority (KNF) said that it did not receive any information from China Coal Energy regarding its recent takeover of Bumech shares, and gathered information does not support the case that such deal occurred. Last week, coal mining machinery producer Bumech announ...

Moody’s upgrades Poland’s GDP forecasts

Ratings agency Moody’s has upgraded Poland’s GDP forecast for 2017 to 3.2 percent, from the previous 2.9 percent. The agency decided to upgrade the forecasts after a series of recent positive economic data. “Polish economy is showing signs of a nascent turnaround of last year’s real GDP ...

Locked content Foreigners spent PLN 39 bln in Poland last year – GUS

Foreign nationals spent some PLN 39.1 billion last year in Poland on goods and services, data from the Central Statistics Office (GUS) showed. In comparison, Poles spent PLN 18.9 billion during their visits abroad. Both figures represent 3.8 and 2 percent increase y/y respectively. Polish border was...

Locked content AmRest to takeover Pizza Hut’s business for Germany

WSE-listed restaurants operator AmRest signed a preliminary agreement to become Pizza Hut’s master franchisee for Germany and to acquire two Pizza Hut delivery stores in Düsseldorf, AmRest said in a market filing. “As a result of the planned transaction, AmRest would become the master-franchis...

Kraków office market putting up strong performance – report

The office stock in Kraków, the largest regional office market in Poland, has increased by almost 70 percent since 2012, with a record 146,900 sqm having been completed in the city in 2016 alone, according to the latest report by Savills. The office stock in the city will significantly exceed one mi...