S&P boosts Poland’s outlook to ‘positive’

Ratings agency S&P increased Poland’s outlook to “positive” from stable” and affirmed its short- and long-term credit rating at “BBB+.” The increase in outlook means that the rating itself could be increased in the next 24 months. S&P expects Poland to continue economic expansion throughout ...

Another CIT cut under way, from 15 to 9% – PM

Corporate Income Tax will be lowered from the current 15 percent to 9 percent for small and medium enterprises, said PM Mateusz Morawiecki at a convention of the ruling Law and Justice and the Allied Right. “All our social and economic actions are carried out thanks to the higher VAT enforceability ...

Fuel prices grow on geopolitical risks

Fuel prices are growing, for both wholesale and gas stations. On average, gasoline and diesel prices went up by PLN 0.04-0.05 per liter during the last week. This is a reaction to the increase of geopolitical tension in the Middle East, analysts said.

Locked content T-Mobile will offer new services to B2B

Telecommunication business entered in the stabilization phase, and selling SIM cards is no longer a big deal. This is why T-Mobile Polska wants to develop new services in the B2B segment, which offers a bigger potential, T-Mobile CEO Andreas Maierhofer told ISBnews. “We have consolidated the offer f...

Locked content PKP will receive syndicated credit for PLN 700 mln

Polskie Koleje Państwowe (PKP) signed a credit agreement with three banks for a total of PLN 700 million. Out of the total amount PLN 250 million will be used for investments and the rest PLN 450 million are earmarked for repayment of previously obtained financing, PKP CEO Krzysztof Mamiński said on...

More Murapol apartments available in Warsaw

Developer Murapol has launched sales of apartments in the first phase of its new Murapol Osiedle Natura residential project in Warsaw. On offer are a total of 108 units in two buildings that are scheduled to be completed in the third quarter of next year. When fully developed, the entire scheme – wh...

Locked content PKN Orlen doesn’t plan to sell Anwil

PKN Orlen says the sale of Anwil is not in its strategic plans. The Anwil chemical plant is an extremely important and integral element of the Orlen Group value, the company added in a market filing. The statement referred to the recent interview with Grupa Azoty CEO Wojciech Wardacki published in d...

Locked content Sugar prices fall in Poland and worldwide

The price of sugar on the Polish market declined, because of the relatively low white sugar prices worldwide and the large production in the 2017/2018, amounting to about 2.3 million tonnes, Polish Institute of Agricultural and Food Economics said in a report. The average retail price of sugar in Fe...