Murapol buys more land in Warsaw

Developer Murapol has signed a conditional agreement for the purchase of perpetual usufruct rights to more than 40,600 sqm of undeveloped land located on ul. Posag 7 Panien in the Ursus district of Warsaw. The value of the transaction – which is expected to be finalized by March 15 this year unless ...

Locked content Tauron to put Łagisza bloc on the capacity market

WSE-listed power utility Tauron plans to bid in the tender for capacities with its planned gas-steam power unit in Łagisza, deputy CEO Jarosław Broda said. “We will be ready to participate in these auctions. We will also be ready to start the auction with the suspended investment in a steam-gas bloc...

Locked content Weak PLN is beneficial to the economy – MPC member

According to MPC member Jerzy Żyżyński, a weak PLN is beneficial to the Polish economy, however, the currency has a significant firming potential. “We currently have almost a  near balance in foreign trade, on the current account, and we have it because the PLN is weaker than its purchasing power. S...

Locked content Poczta Polska suspends operations with Guatemala

On Monday, the state-owned postal operator Poczta Polska suspended accepting packages with Guatemalan destination due to “significant operational problems” of the local operator. “Poczta Polska, like other operators, suspended the acceptance of parcels to Guatemala due to the inability of Guatemala ...

Locked content Serinus wants to move HQ to Channel Islands

WSE-listed oil and gas exploration firm Serinus Energy plans to redomicile from Alberta, Canada to Jersey, Channel Islands and will seek shareholders’ approval. The company also mulls dual listing in London. “Serinus intends to seek admission to be traded on the AIM market of the London Stock Exchan...

BIEC: Economic sentiment grows in January

The leading indicator of economic sentiment (WWK) in Poland estimated by the Bureau for Investments and Economic Cycles (BIEC) increased by 1.5 points and stood at 172.6 points in January.

Locked content Pharma sales grow 4% – report

The sales of pharmaceuticals in Poland increased by 4 percent y/y to PLN 32.99 billion, according to estimates by the market consultancy PEX PharmaSequence. The previous forecasts from November last year, put the growth at 4.5 percent. Sales of reimbursed drugs amounted to PLN 11.66 billion last yea...

Locked content New cogeneration support bill to be ready in Q1

The act on a new support system for cogeneration should be sent to the parliament in the first quarter, according to the Minister of Energy Krzysztof Tchórzewski. “The element of heating that interests us most is cogeneration. We want to extend the support for it. We will shortly present the assumpt...

Locked content Tchórzewski: coal share in energy mix to drop to 50% by 2050

The share of coal in Poland’s energy mix should drop to 50 percent by 2050, according to the ministry of energy estimates. In 2015, it stood at 79.1 percent. “We assume that in 2031 this share will be at 60 percent and by 2050 at 50 percent,” Energy Minister Krzysztof Tchórzewski said. He added that...