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Morawiecki and Orban to EU: migration policy has failed

EU member states should decide on their own who they want to accept, PM Mateusz Morawiecki said during his visit to Budapest adding that the EU’s migration policy has failed. “In terms of migration and quotas that were to be imposed on (EU) member countries we strongly reject such an approach as it ...

Locked content Emperia December sales reach PLN 251 mln

WSE-listed retailer Emperia sales in December amounted to PLN 251 million, a 11.9 percent y/y increase. In LfL terms, sales increased by 5.2 percent y/y. For the whole 2017, the company sales amounted to PLN 2.51 billion, up by 8.4 percent y/y. In December, Emperia opened 25 new stores, including 6 ...

Locked content WSE turnover soars in 2017

Equity turnover on the main market of the Warsaw Stock Exchange in 2017 amounted to PLN 261 billion, a 28.9 percent year-on-year increase, the stock exchange has announced. In December alone, the turnover amounted to PLN 17.8 billion, which is a 23.8 percent y/y drop. The bourse also announced that ...

Locked content Unemployment to drop below 6% this year – Work Service

The registered unemployment rate in 2018 will be single-digit in all voivodships, and on the national scale, we can record results below 6 percent forecasts HR consultancy Work Service. “We have a year of big investments ahead us which are supposed to be a driving force for economic developmen...

Locked content Coal sales down in November

Polish coal miners sold 5.73 million metric tons of coal in September, down by 0.15 million tons m/m, and down by 0.55 million tons y/y the Industry Restructuring Agency (ARP) said. Coal production in November amounted to 5.67 million tons vs. 5.95 million tons in October and 6.1 million tons last y...

Labor Ministry: 424k pension applications filed

According to the Ministry of Labor, some 424k pension application applications have been filed in September to the Social Security fund (ZUS), resulting from lowering the retirement age which came into force in October last year. “The impact of the lower retirement age was not as strong as initially...

Locked content Fortbet launches tender offer for Fortuna shares. Plans delisting

Fortbet Holdings, the majority shareholder in WSE-listed betting group Fortuna Entertainment Group has launched a tender for 0.68 percent of the company’s shares listed on WSE at PLN 29.8 apiece. It also plans to launch a voluntary tender offer for 19.82 percent stake from Czech investors at CZK182....

Locked content EBRD sets up €350 mln program for Polish green projects

The European Bank for Reconstruction and Development has set up new €350 million framework to finance investments in energy and resource efficiency, renewable energy, water and waste management for local private businesses, the bank announced. The first loan under the scheme, new Polish Green Econom...