Locked content Fuel prices drop. Hikes are on their way – BM Reflex

Fuel prices fell by PLN 0.04, and LPG prices dropped by PLN 0.06 per liter in the last week, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.57/liter, diesel at PLN 4.42/liter and LPG gas at PLN 2.14 (a decrease of PLN 0.02). This week could bring first ...

Locked content EIB to invest €4.5 bln in Poland this year

The European Investment Bank plans to invest at least €4.5 billion in Poland this year, deputy director Vazil Hudak told the Polish Press Agency. One of the bigger projects could include the second line of the Warsaw subway system. In 2016, the bank loaned €4.4 billion to Polish projects, and for th...

Locked content Poland last in European climate change ranking

Poland took the last spot in a Carbon Market Watch ranking, in which the countries were listed by progress towards achieving climate change goals set by the Paris agreement. According to the ranking, only three countries, Sweden, Germany and France, are on the right track to meet them. Poland was li...

Locked content Asahi finalizes Kompania Piwowarska takeover

Japanese Asahi finalized the acquisition of the SABMiller CEE assets, which include Kompania Piwowarska, Poland’s biggest beer producer. The transaction was worth €7.3 billion, the CEE group will headquartered in Prague. “Kompania Piwowarska is also very pleased to become a part of a company w...

Locked content Poland to cap management fees gradually, no changes in 2017

Financial market regulator KNF, said after consultations with investment funds, that the 2 percent cap on management fees should be implemented gradually to 2022. No changes will be made this year. “Taking into account that financial and capital situation of particular investment hoses differs signi...

Locked content Boeing wins tender for VIP planes

Poland’s Defence Ministry announced that it had signed a $523.6 million agreement with Boeing to supply three 737-800 airliners for the use of senior Polish state officials. “The planes will have security systems, similar to those used on the Air Force One,” deputy Defense Minister Bartosz Kow...

Locked content Poland to buy Patriot missiles for $7.6 bln

Poland plans to buy eight Patriot missile defense systems from Raytheon worth $7.8 billion this year, Defense Minister Antoni Macierewicz said. “Those systems allow us to guarantee the security of the Polish state,” Macierewicz explained. The deal needs to be approved by the US Congress required for...

Locked content Polish teachers go on strike over educational reforms

Thousands of teachers across Poland took part in a strike on Friday to protest the proposed education system overhaul. According to the Union of Polish Teachers, which organized the strike, 35-40 percent of teachers joined the protest. Ministry of Education claimed that 89 percent of the schools wer...

Locked content NewConnect excludes 6 companies

Warsaw Stock Exchange, operator of the alternative, small-cap NewConnect index, excluded six companies from its NCIndex, after they were put on the alert list Car leasing company Velto, IT firm Provecta, parcel locker operator Parcel Technik, VR software producer i3D, web group Apis, and automotive ...