Locked content Germany MFA rejects Polish reparations claim

German Foreign Minister Sigmar Gabriel said that Poland the recent efforts by the Polish government to demand World War II reparations from Germany an attempt at worsening “close and good ties” between two countries. “Any potential reparation attempts would be an attempt to worsen close and good tie...

Locked content Work Service with H1 loss due to one-offs

WSE-listed HR consultancy Work Service had a PLN 70.67 million net loss in H1, compared to PLN 8.01 million profit last year. The result was affected by several one-offs, as without them the company would have posted a PLN 6.98 million, the company said in its financial report. The one-offs included...

Locked content Drinks producer forced to change its name after Yoko Ono lawsuit

Polish drink producer John Lemon has to change its name after reaching a settlement with the widow of the famous Beatle, Yoko Ono. Back in March, Ono’s lawyer contacted the company saying that in her opinion, their use of the name was abusing. The owners decided to settle, despite reserving the name...

Locked content Vistula and Bytom sign merger plan

WSE-listed fashion retailers Vistula and Bytom signed a merger plan, both companies announced. According to it, the share parity has been set at 0.82, meaning that for every Bytom share, its shareholders would receive 0.82 Vistula share. “Under the deal conditions, 60,658,220 Vistula shares valued a...

Locked content PiS with 44% support – CBOS poll

Ruling Law and Justice (PiS) party support has increased by 2 percentage points to 44 percent, according to the poll conducted by CBOS. Civic Platform (PO) was second with 19 percent support, down by 1 percentage points m/m. Kukiz’15 was third with 8 percent support (unchanged). Nowoczesna was...

Locked content Fuel prices continue to grow. Possible discounts this week

Average fuel prices went up by PLN 0.04, while diesel prices increased by 0.04 according to BM Reflex, a fuel branch consultancy company, LPG prices shot up by PLN 0.06. Currently, gasoline sells at PLN 4.62/liter, diesel at PLN 4.37/liter and LPG at PLN 2.13. This week, there’s a chance for the fue...

Locked content BGK grants PLN 41.57 bln ‘de minimis’ guarantees

Poland’s state-owned lender BGK has granted PLN 41.57 billion in guarantees for loans worth some PLN 73.84 billion issued to SMEs as of end-August under the state program of ‘de minimis’ credit guarantees, the bank said. As many as 129,128 SMEs took loans under the program. Firms c...

Locked content Poland to launch tender on technology for nuclear plant next year

The Polish government wants to launch the tender on technology for its planned nuclear plant early next year, according to the Energy Ministry. “The Energy Ministry estimates that a tender for selecting technology will be launched in early 2018 at the latest,” the office said in an answer to an MP i...

Locked content PGE planned EDF takeover a threat to competition – UOKiK

After further analysis, Poland’s antitrust watchdog UOKiK said that the planned takeover of  Polish assets by state-owned power utility PGE could pose a threat to competition and limit electricity sales of the commodity exchange TGE. “Increasing PGE’s position may also result in a decline in t...