Locked content Freight trains’ trade speed up to over 25 km/h

The trade speed of freight trains increased in 2017 to over 25 km/h in Poland. During the last two years, there has been a slight increase in average speed. However, it is still low compared to other countries and has a negative impact on the competitiveness of rail transport – said the Office...

Locked content EC lifts Poland’s 2018 GDP growth forecast to 4.6%

The European Commission increased Poland’s 2018 GDP growth forecast to 4.6 percent from its previous estimate of 4.3 percent issued in May. The forecast for 2019 still remains at 3.7 percent. EC economists say inflation in 2018 should come in at 1.3 percent (unchanged). In 2019 inflation is expected...

Locked content NFOŚiGW invests PLN 36 mln in water and sewage networks

The National Fund for Environmental Protection and Water Management (NFOŚiGW) will co-finance modernization of water and sewage networks in Śląskie (Kozy municipality) and Wielkopolskie (Śmigiel municipality) voivodships. NFOŚiGW will provide PLN 36 million, the fund said in a statement. The value o...

Locked content Torpol participates in tenders for over PLN 5 bln

Railroad construction company Torpol, which currently executes contracts for PLN 2.8 billion net, participates in new tenders for more than PLN 5 billion. The company wants, among others, to take part in a project for improving railway communication with Port of Gdynia. The value of the Torpol offer...

Locked content Mercor June orders up 5% y/y

Producer of fire protection systems Mercor recorded June orders at PLN 33.1 million versus PLN 31.6 million a year ago. This is a 5 percent growth y/y. In Q1 of financial year 2018/2019  the orders stood at PLN 98.4 million, showing an increase of 22 percent y/y. Mercor expands its presence abroad n...

Locked content EC lowers eurozone’s GDP forecast

The European Commission revised GDP growth forecast for the euro area citing tensions in the trade with the United States and rising oil prices as main reasons. The forecast was lowered to 2.1 percent from 2.3 percent projected in May.  The outlook for 2019, however, did not change: the growth of 2 ...

Locked content Elering no longer picks Rafako as best bidder

Estonian energy system operator Elering canceled the choice of Rafako offer for construction of two gas compressor stations as most favorable. The value of the offer was about €50 million, the company said in a statement. The decision is final and results from the cancellation of one of the counter-...

Locked content Decline in grain harvest due to drought

Grain harvest may fall to 27.5 million tons from 31.9 million tons in 2017 due to drought, analysts from the Institute of Agricultural and Food Economics forecast. In June the Institute experts assessed that in 2018 grain harvest could amount to 30.5 million tons. In 2017 Polish domestic grain harve...

Locked content EasyJet launches new London connection from Kraków

British budget airline easyJet will launch a new connection between Kraków and London Luton airport starting from November 29. After this Kraków Airport will have four direct connections with London airports. Flights operated by Airbus A320 aircraft will be scheduled four times a week: on Mondays, W...

Locked content Bumech creditors in favor of arrangement proposal

On Thursday Bumech creditors voted in favor of approving arrangement proposal, the company said. The court hearing regarding accepting arrangement proposal is scheduled for July 31. In April Bumech proposed to divide creditors into three groups. The company offered to pay the full amount in 96 insta...