Image: Robyg

Robyg launches new phase of Green Mokotów project in Warsaw

Warsaw Stock Exchange-listed residential developer Robyg has launched sales of apartments in the latest phase of its Green Mokotów project in the Polish capital. On offer are 54 housing units, which are scheduled to be completed in the first quarter of 2019. The scheme is located in the Mokotów dist...
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Tchórzewski: Poland needs a three-block nuclear plant

In order to meet EU’s clean energy criteria, Poland needs to build a three block nuclear plant, Energy Minister Krzysztof Tchórzewski said. “We need to find a solution that will enable Poland to reach the maximum CO2 emission limit of 550 g per kWh. We want to achieve it by 2050, cutting energy prod...

Locked content Multi-speed Europe will lead to its end – Duda

The European Union will become less attractive to some member states if it implements a “multi-speed” strategy, and break up ultimately, President Andrzej Duda said during his speech at the Economic Forum in Krynica. “A division of the bloc into a multi-speed union will not be beneficial … pol...

Locked content EC to raise pressure on Poland – Reuters

The European Commission will ask EU member states to take a stand on whether the Polish government is abusing democratic standards, according to three sources quoted by Reuters. Brussels wants to discuss the case at the upcoming ministerial meeting planned for September 25. The discussion is aimed t...

Locked content LOT eyes PLN 300 mln profit this year

State-owned airline LOT had over PLN 150 million profit from its core operations between January-June this year and hopes to have PLN 300 million profit for the whole year, company’s CEO Rafał Milczarski said. The carrier’s 2016 net profit reached PLN 303 million, with core operations bringing...
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Coal sales drop in July

Polish coal miners sold 5.07 million metric tons of coal in July, down 0.26 million tons m/m, and 0.46 million tons y/y the Industry Restructuring Agency (ARP) said. Coal production in July amounted to 5.13 million tons vs. 5.2 million tons in June and 5.65 million tons last year. Coal inventories s...

Eurostat: Retail sales up by 7.9% in July

The volume of seasonally adjusted retail trade in Poland grew by 7.9 percent year-on-year in July, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it increased by 1 percent.

Locked content Daily sales down 9.9% in July

The sales of Polish daily newspapers has dropped by 9.9 percent to 681,657copies in July, according to data by The Association of Control of Press Distribution (ZDKP). The top-selling newspaper continues to be tabloid Fakt with 252,576 copies sold daily on average (5.2 percent y/y and 2.9 percent m/...

Loans up by 3.7%, deposits by 5% at end-July

The Polish Financial Supervision Authority (KNF) published data regarding banks’ loans and deposits for the first seven months of this year. The total value of loans in the banking sector in Poland, including foreign units, increased by 3.7 percent y/y reaching PLN 1,034.11 billion. The value ...

Locked content Baltic Pipe enters second phase. PGNiG eyes maximum capacity

WSE-listed, state-owned gas giant PGNiG plans to book highest possible capacity in the planned Baltic Pipe gas link, the company CEO Piotr Woźniak said. “The 7.5 bcm of gas is a realistic volume, but we would gladly accept more,” Woźniak said. Polish, state-owned gas infrastructure operator Gaz-Syst...