Monthly Archives: September 2018

EBRD to grant Modern-Expo Group $15 mln development loan

September 10, 2018 Main News
The European Bank for Reconstruction and Development (EBRD) will grant Modern-Expo Group a $15 million investment loan for automation and robotization of production in plants in Belarus and Ukraine, as well as support for its innovation center, the company said.

Locked content Santander rebranding to cost PLN 60-70 mln

September 10, 2018 Poland AM
According to the CEO of WSE-listed Santander Bank Polska, Michał Gajewski, its rebranding (from BZ WBK) will cost the lender PLN 60-70 million over the course of two years. The bank has completed its rebranding over last weekend and moved its registered HQ to Warsaw. ”Santander made the decision to ...

Locked content Poland wants to have 10 GW of energy from offshore wind farms by 2030

September 10, 2018 Poland AM
Poland would like to generate 10 GW of energy from its offshore wind farms, by 2030, said the government plenipotentiary for strategic energy infrastructure Piotr Naimski. “In our strategic plans, there is a room for offshore. It means that, to 2025-2030, there will be up to 10 GW wind farms close t...

Locked content Equitin acquires 60% of KIDS & Co

September 10, 2018 Poland AM
Equitin Partners has signed a contract to take over 60 percent of shares in KIDS & Co. – a company that manages a network of bilingual kindergartens and crèches in Poland, the company said. Together with the founder and the management team, Equitin intends to accelerate the company’s...

Locked content Media: JSW CEO to be dismissed

September 10, 2018 Poland AM
According to daily Rzeczpospolita, the CEO of WSE-listed, state-run miner JSW, Daniel Ozon, will be dismissed this week. He will allegedly lose his job as a result of an internal audit conducted by the Ministry of Energy which showed discrepancies in cost accounting. The other reason would be the co...

Job vacancies up by 8.1% q/q in Q2

September 10, 2018 Main News
The number of job vacancies in the second quarter increased by 8.1 percent on the last quarter and 35 percent y/y, according to Central Statistics Office (GUS) data.

Locked content PGNiG to increase Norwegian production to 10 bcm

September 10, 2018 Poland AM
WSE-listed, state-run gas giant PGNiG hopes to increase its production from Norwegian deposits to 10 billion cubic meters (bcm) per year, according to its CEO Piotr Woźniak. “We will eventually target to have production from deposits in Norway at the level of 10 bcm, which is the equivalent of the B...

Locked content Grupa Azoty to revise investment program

September 10, 2018 Poland AM
WSE-listed, state-run chemical giant Grupa Azoty might revise its investment program after the acquisition of a German specialty fertilizer producer Compo Expert. Still, key investment projects remain unthreatened. “We will review our investment projects. They may be changed if they overlap with the...