Locked content Szczerski: Trump wants to visit Poland

According to Krzysztof Szczerski, president’s chief of staff, US President Donald Trump wants to visit Poland. “There are no official arrangements for the date of the US President’s visit to Poland. But Trump appreciates Poland and the Polish minority in the US, which means he will try t...

Locked content Naimski: US LNG imports could undermine Gazprom

According to Piotr Naimski, government’s proxy for energy infrastructure, imports of LNG from the US could significantly hurt Gazporom’s dominant position in Europe. However transport costs prevent that from happening. “The price offered in future contracts by potential US exporters is l...

Locked content PGZ signs preliminary deal to buy Gdynia Naval Shipyard

State-owned arms producer Polska Grupa Zbrojeniowa (PGZ) signed a preliminary deal to buy Naval Shipyard in Gdynia for PLN 224 million. PGZ was the only bidder that made an offer for the troubled company. The final deal should be signed after the summer holidays. The tender offered perpetual rights ...

VAT revenues to grow by 15% – Morawiecki

According to Deputy PM Mateusz Morawiecki, the revenue from VAT could reach 15 percent y/y growth. The budget bill assumes a 10.9 percent increase. “I can cautiously say that the revenues from VAT should exceed the previously assumed 10.9 percent. I think it’s a realistic scenario,” Morawiecki...

Locked content Budimex signs PLN 597 mln deal with PKP PLK

WSE-listed builder Budimex, through its subsidiary Mostostal Kraków signed a PLN 597.4 million contract with state-owned railway operator PKP PLK to modernize parts of the railway line 7, which connects Warsaw with Dorohusk. Mostostal will act as a leader of the consortium with 77.5 percent of share...

Locked content Poland with 8.44 GW of renewables in Q1

According to data released by the Energy Regulatory Office, at end-Q1, Poland had 8.44 GW capacity of installed renewable energy sources, up by 0.02 GW q/q. Wind farms accounted for the majority of Polish renewable mix with 5.81 GW, followed by biomass (1.29 GW), hydro electric power plants (994 MW)...

Locked content Kruk buys PLN 1.15 bln liabilities in Romania

WSE-listed debt collector Kruk, through its subsidiary InvestCapital Malta acquired Romanian corporate liabilities worth some PLN 1.15 billion from BRD Groupe Societe Generale, the company said in a market filing. “The successful tender will strengthen our lead on the debt management market in Roman...

Locked content EU and Waszczykowski butting heads again

Foreign Minister Witold Waszczykowski accused the European Commission Vice President Frans Timmermans of being biased against Poland. In return, the EC spokesman said, that Waszczykowski doesn’t know how the European Commission operates. “There are no tensions between Poland and the European U...

Locked content BGK sto provide PLN 1.4 bln in guarantees for innovative SMEs

State-owned lender BGK signed deals with 10 banks on providing PLN 1.4 billion in guarantees for innovative SMEs, BGK said in a market filing. Some PLN 525 million of the amount will come from the EU funds. Guarantees may cover up to 80 percent of the credit capital with the maximum value set at €2....