Locked content Erbud gets contract for PLN 40 million net

Erbud has concluded a PLN 40 million contract with Equal Real Estate for the construction of a service and hotel building for a collective residence with offices and an underground garage as well as internal installations, the company said. The deadline is set from December 21, 2018 to August 31, 20...

Locked content PKN Orlen updates strategy for 2019-2022

PKN Orlen updated its strategy for 2019-2022. The company sees an average annual EBITDA LIFO at PLN 10.3 billion and CAPEX at PLN 6.8 billion, PKN Orlen said. It added that the firm expects to continue to systematically pay dividends. PKN Orlen plans to focus on development and increase of petrochem...

Locked content Stalexport plans to raise fees on A4 motorway

Stalexport Autostrada Małopolska, which operates A4 motorway on Katowice – Kraków section, has applied to increase the fee to PLN 35 from PLN 30, the company said on Thursday. The new rates will apply from March 1, 2019. The increases will not apply to motorcycles, passenger cars and vans with...

Locked content Kruk gets PLN 200 mln credit from ING

Debt collector Kruk jointly with its unit Prokura FIZ signed a credit agreement with ING Bank Śląski for PLN 200 million. The purpose is financing or refinancing of debt portfolio purchases. The credit is granted for the period ending on December 20, 2023. The interest rate is set on market terms ba...

Locked content State Treasury debt down 0.6% m/m in November

The State Treasury debt decreased by 0.6 percent m/m in November to about PLN 954.1 billion, the Ministry of Finance stated, referring to preliminary data. Domestic debt amounted to about PLN 672.2 billion, while debt in foreign currency stood at PLN 281.9 billion (about 29.5 percent of total ST deb...

Locked content Telecom operator Rebtel leaves Poland

Telecom company Rebtel decided to leave the Polish market. Clients who want to keep their current phone number should submit an application by January 3, 2019, the Office of Electronic Communications (UKE) said on Thursday. Those who have earlier submitted a request to transfer their number to Rebte...

Locked content CEO World Magazine names Poland 2nd best country to do business

CEO World Magazine chose Poland as the second best country to do business, Polish Investment and Trade Agency (PAIH) said. Malaysia took the first place. Poland scored the highest scores in the business openness category (95/100) and technological readiness (84/100). Foreign investors can count not ...

Locked content UKE imposes PLN 11 mln fine upon Orange

The Office of Electronic Communications (UKE) imposed on Orange Polska a penalty of PLN 11 million for violating Telecommunications Law when handling applications for number transfer in fixed networks. When accessing the case, UKE took into account that “the violation committed by Orange Polsk...

EC wants cancellation of the US visa for Poland

The European Commission has asked the US to collaborate with the five EU countries, including Poland, whose citizens still need visas to enter the United States. The US remains the only country that does not grant visa-free entry to all EU citizens. Apart from Poland, Bulgaria, Croatia, Cyprus, and ...

Locked content Bread prices go up due to rising costs

In November bread prices rose by 8 percent y/y, according to Polish Central Statistical Office (GUS) data. The reasons are the rising costs of flour, energy, and work. In H1 overall costs of bakeries grew by 7.5 percent and revenue increased only by 7 percent. In addition, bakeries have been struggl...