Locked content EU grants visa-free travel to Ukrainians

The European Parliament with 521 votes for and 75 against, approved the bill to grant Ukrainian nationals visa-free travel to the EU. Ukrainians who hold a biometric passport will be able to enter the EU without a visa for 90 days in any 180-day period, for tourism, to visit relatives or friends, or...

Unemployment rate at 8.2% in March – Labor Ministry

The registered unemployment rate amounted to 8.2 percent in March, a decline of 0.3 percentage points month-on-month and 1.7 percentage points y/y, based on estimates from job centers, the Ministry of Family, Labor and Social Policy announced.

BGK suspends accepting MdM applications

State-run lender BGK has suspended accepting application for the Apartments for the Youth (MdM) scheme for 2018 as the demand has reached 50 percent of the allocated funds. “The limit for 2018 stands at PLN 762 million, while PLN 381 million has already been reserved,” BGK said. The remaining funds ...

Poland secures 220 ha of land for its housing program

According to deputy Minister of Infrastructure, Kazimierz Smoliński, Poland has secured land bank for building 20,000 apartments in its Mieszkanie+ rental and rent-to-own housing scheme. “So far over 70 letters of intent have been signed on the area of 220 ha, which translates to nearly 20k apartmen...

Locked content PGE EJ 1 launches environmental studies on nuclear power plant

PGE subsidiary, PGE EJ 1 has launched environmental impact studies in three municipalities in Northern Poland, Choczewo, Krokowa and Gniewino. One of the sites will most likely be picked as the planned nuclear power plant location. The studies are expected to be concluded in H1 2020, company said in...

Locked content Idea Bank’s mobile CMD a hit

Mobile CMDs (cash deposit machine) program, launched by Idea Bank back in 2015 are proving increasingly popular. Just in March as many as PLN 51.5 million were deposited there, which is a 418 percent y/y increase. Overall, funds collected by CMDs account for 20 percent of the banks deposits. The ave...

Locked content KGHM committed to Chile for long-term – CEO

WSE-listed state-owned copper and silver giant KGHM will not abandon its Chilean investment in Sierra Gorda, despite a PLN 4.33 billion write-off on the project last year. “We want to be here. Our engagement in Chile is long term. Now we see real progress,” company’s CEO Radosław Domagalski-Ła...

Locked content Morawiecki: We have ‘understanding’ with the US on LNG exp...

Poland’s Deputy PM Mateusz Morawiecki, said after his meeting with the US Energy Secretary Rick Perry, that both sides will work on a deal to export US LNG to Poland. “The word agreement is probably premature. Understanding? Absolutely,” Morawiecki said during his visit to the US. Poland would...

Locked content Synthos to spend up to PLN 1.75 bln on buyback

WSE-listed chemicals group Synthos wants to carry out buyback using up to PLN 1.75 billion from its reserve capital the company said in a market filing. The decision will be voted on on the next shareholders assembly on May 8. “Shares can be bought by the management until the means gathered as reser...