Locked content Deloitte: 71% of Polish managers plan to cut costs

In the next 24 months, as many as 71 percent of Polish managers plan to reduce operating costs, according to the report compiled by consultancy Deloitte, while 57 percent plan to intensify ongoing cost optimization programs. “Despite 86 percent of Polish entrepreneurs expecting their revenue to incr...

Locked content PiS doubles its lead over PO in the latest poll

According to a poll conducted by Kantar Public, Law and Justice (PiS) enjoys 38 percent support, while Civic Platform (PO) has 19 percent support. Other groupings that would surpass the 5 percent threshold necessary to get into the parliament are Kukiz’15 (11 percent) and Nowoczesna (5 percent)̷...

Locked content Tauron and Azoty plan coal gasification project worth €400-600 mln

State owned chemical group Azoty and power utility Tauron plan to develop a coal gasification project worth €400-600 million by 2019-20, companies said in a market filing. “The estimated value of the project will depend on the technology picked,” the companies said announcing that they signed a lett...

Locked content LNG terminal capacity to be increased to 7.5 bcm

Gas transit operator Gaz-System announced that it will expand the LNG terminal in Świnoujście to 7.5 billion cubic meters (bcm) capacity, from the current 5 bcm. The expansion plans include building a new storage container as well as the railway platform, which will allow to transport LNG by train. ...

Locked content FX spread bill to be ready by summer

Polish parliament should complete the work on the FX mortgages bill by summer holidays, the Sejm public finance commission head Jacek Sasin said. The commission will pick the bill from three proposals at the next sitting and continue to work on that project. The drafts include the one put forward by...

Locked content Waszczykowski meets with Tillerson, discusses visas and Smoleńsk

Polish Foreign Minister Witold Waszczykowski discussed visas for Polish nationals during a meeting with US Secretary of State Rex Tillerson in Washington. “The introduction of the Visa Waiver Program would go a long way towards developing this economic cooperation,” Waszczykowski said. Polish foreig...

Locked content AmRest with PLN 1.15 bln revenues in Q1 – prelim. results

WSE-listed restaurant operator AmRest had a 33.7 percent y/y increase in Q1 revenues to PLN 1.147 billion, according to the company’s preliminary financial results. In local currencies, the revenues increased by 30.6 percent. “Q1 sales were boosted by taking over Starbucks (May 2016) and KFC (...

Locked content Biedronka with 8.4% LfL sales growth in Q1 2017

Retail chain Biedronka, owned by Portuguese Jeronimo Martins, had a 8.4 increase in like-for-like sales in Q1 2017, Jeronimo Martins said in a market filing. Sales in PLN increased by 9.7 percent y/y and reached €2.53 billion. “Consumer environment remained favorable, benefiting from family subsidie...

Locked content Polish judges protest against judiciary reforms

Judges in Poland on Thursday stopped the proceedings for 30 minutes in protest against planned reforms to the judiciary system. Since, according to Polish law, judges are not allowed to strike, the judges went on a break during which they’ve discussed the proposed changes to the system. The pr...