Mostostal signs deal with PHN

WSE-listed builder Mostostal Warszawa has signed a PLN 52.59 million deal with state-owned, WSE-listed real estate holding Polski Hoilding Nieruchomości’ unit PHN SPV 13 to build two apartment buildings with accompanying infrastructure in Warsaw, the company said in a filing.

Locked content Unimot cancels deal with Alpiq

WSE-listed fuel trader Unimot will not go through with setting a joint-venture company with Swiss Alpiq to sell electricity and natural gas, the company said in a market filing. “After detailed market and business analysis we’ve decided to concentrate on independently developing this activity within...

Locked content Poland to suspend retail tax till 2019

Ministry of Finance wants to suspend retail sales tax until 1 January 2019, prolonging its suspension which currently ends on January 1, 2018. “As a result of the suspension potential retail taxpayers will not be required to file tax returns and to calculate and pay retail sales tax until the end of...

Locked content Poland with 20 World Games medals

Polish team won 20 medals during World Games held in Wrocław, and 10 more in the invitational events. Polish athletes won 9 golds, 10 silvers, and 11 bronze, winning such events as kick boxing (twice), ju-jitsu (twice) and dancing. In the medal standings, Polish team was placed 13th. Russia topped t...

Locked content Record number of rail passengers in first half of 2017

As many as 153.3 million passengers traveled in Poland by train in the first six months of the year, according to data released by the Office of Rail Transport (UTK). This is a 5.1 percent more than in the corresponding period last year. This is the best result in the last 10 years. The average̷...

If PMI drops below 50, rates could be raised – MPP Member

According to Eryk Łon, a Monetary Policy Council (RPP) member, the interest rates could be raised if the Purchasing Managers Index (PMI) drops below the 50 point threshold. In June, the PMI stood at 53.1 points. If that’s not the case, rates should remain unchanged in 2018 as well. “I think it is ra...

Locked content Fuel prices on the rise

Average fuel and LPG prices increased by PLN 0.04, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.39/liter, diesel at PLN 4.22/liter and LPG at PLN 1.84. According to the analysts, prices in the coming weeks should inch up a little but remain stable. Af...

Locked content Sierra Gorda to be profitable in 3-4 years – KGHM CEO

WSE-listed, state-run copper and silver giant KGHM’s Chilean copper mine in Sierra Gorda could be profitable in 3-4 years, company’s CEO Radosław Domagalski said. “We have much better control of the Sierra Gorda project and can fully say we want to stay. There is a huge space for improvement within ...

Locked content EU court orders Poland to stop logging in Białowieża immediately

The European Court of Justice ordered Poland to immediately halt large-scale logging in the oldest parts of the primeval forest in Białowieża. According to the court, the logging should stop immediately as it could cause “serious and irreversible damage” to the forest, while both sides will argue th...