Locked content Poland to send 61 athletes to PyeongChang

Polish Olympic Committee will send 61 athletes to the Winter Olympic Games in PyeongChang, South Korea. Speed skating will be the sport with the biggest Polish representation, as many as 13 skaters will participate in the events. Only in the skeleton, ice hockey, and curling Poland will have no repr...

Locked content Korwin-Mikke quits MEP post

A controversial MEP Janusz Korwin-Mikke announced that he will be leaving his post in Brussels. He claimed it “was a waste of time” and announced his return to Polish politics. He wants to launch yet another political party and mulls running for Warsaw’s president. He was infamous for his racist and...

Locked content Orlen with PLN 4.6 bln CapEx this year

WSE-listed fuel giant Orlen’s CapEx planned for 2018 is expected to amount to PLN 4.8 billion, the company said in a market filing. In 2017, the company spent PLN 4.6 billion, compared to PLN 5.5 billion planned. The largest investments are planned in the downstream segment, Orlen wants to spe...

Locked content EIB with €5 bln loans to Poland last year

In 2017, the European Investment Bank loaned PLN 5.04 billion to Polish companies, which is a 13 percent y/y. On top of that, the European Investment Fund spent €358.2 million in equity investments and guarantees. Poland the fifth-largest recipient of EIB financing, after Italy, Spain, France, and G...

Locked content Poland 2nd biggest M&A market in CEE – report

There were 288 M&A transactions in Poland last year worth €10.6 billion in 2017, making Warsaw the second biggest market in CEE, according to CMS report. The number of transactions grew by 3 percent, while their value inched up by 3 percent. The highest number of transactions in the region was i...

Locked content Duda: Poland should adopt euro when salaries are at EU levels

According to President Andrzej Duda, Poland should join the euro zone when Poles average salary gets closer to the EU’s average. “I have always looked at it more from a life perspective and in my personal conviction, we should enter the euro zone when the average Pole’s earnings in Poland more...

Locked content PSE to spend PLN 12.4 bln on grid development in 2018-2027

The national grid operator PSE will spend PLN 12.4 billion on developing the country’s power grid by 2027. Construction, development, and modernization of the transmission grid elements constitute 95 percent of the spending. Implementation of the development concepts as specified in the plan, ...