Regus expanding in Warsaw, Poznań

Serviced offices provider Regus has taken up more than 1,100 sqm of office space in the Solec Residence apartment building in downtown Warsaw, which was developed by Sawa Apartments. The company will open its new business center in the property that will be its twelfth location in the Polish capital...

Locked content May in Poland: Your constitution is your own matter

During her visit in Poland, British PM Theresa May said that Poland’s constitution is Warsaw’s internal issue, and should not be interfered with. “These constitutional issues are normally, and should be primarily a matter for the individual country concerned,” she said, striking a different tone, th...

Locked content Poland retains its position in the latest FIFA ranking

Polish men’s national football team has kept its 7th place in the latest FIFA ranking. The first ten teams did not change their positions compared to last month’s ranking, as most of the national teams did not play once the World Cup qualifiers ended in November. Germany topped the ranking, fo...

Locked content PGNiG with PLN 5 bln private placement bond issuance program

WSE-listed gas giant PGNiG signed a deal with 4 banks for managing its PLN 5 billion private placement bond program, the company said in a market filing. The lenders include ING Bank Śląski, Bank Pekao, Bank Handlowy and BGŻ BNP Paribas. The program will last 5 years and cover bonds with tenors of u...

Locked content Agora to set up tax group. Eyes PLN 5 mln in tax reduction

WSE-listed media group Agora will set up a tax group and hopes to save some PLN 5 million in taxes annually till 2020, the company said in a market filing. The group will consist of Agora and a number of its subsidiaries. It will be set up on March 1, subject to a number of…

Locked content Poland to build more coal mines

In a move which bucks the global trends, Poland will build/restitute two coal plants for some PLN 6.8 billion combined, according to a new government plan for the Silesia region. One mine, where coking coal will be extracted, will be built on an infrastructure of one of the mines closed in years 199...

Locked content PKO BP dismisses CFO

WSE-listed lender PKO BP dismissed its long-time CFO Bartosz Drabikowski effective immediately. No reason was given, Drabikowski had been the bank’s CFO, and deputy CEO since May 2008. Rafał Kozłowski was appointed in his place, he was the CEO of the lender’s mortgage unit PKO BH….

Pengab banking sentiment drops in December

The Pengab index, which measures conditions in the banking industry, decreased by 5.5 points month-to-month to 21.3 points in December, according to the Monitor Bankowy report issued by Kantar TNS. Last year, the indicator stood at 15.1 points.

Locked content Fitch: Article 7 procedure could affect future EU subsidies

The European Commission’s recommendation that Article VII procedures should be launched against Poland should not have a material short-term impact on growth or public finances, but can affect the negotiations for the next EU funding cycle, Fitch Ratings agency said. “Cuts in EU funds and/or a...