Locked content PGE to get PLN 500 mln loan from EBRD

The European Bank for Reconstruction and Development (EBRD) is considering granting a loan of PLN 500 mln to Polish power utility PGE aimed at financing grid enhancement for renewables, EBRD informed. “The EBRD financing will support PGE in implementing grid investments that are critical to co...

Locked content India interested in Polish mining technology

Minister of Culture and National Heritage Piotr Gliński believes that India is as important as China for Poland in terms of trade exchange and our producers “have to conquer the market,” he said during an economic mission to Mumbai. Gliński is leading the mission of Poland’s govern...

Locked content Kruk eyes Kredyt Inkaso

Debt collector Kruk is allegedly interested in acquiring its competitor Kredyt Inkaso, according to ISBnews agency. The agency cited a market source saying that the boards of the companies have already held talks regarding a possible transaction. “We are in talks with other entities, investors...

Locked content Fortum to acquire Duon

The anti-monopoly watchdog UOKiK has approved the acquisition of electric energy and LNG provider Grupa Duon by Finnish Fortum. On January 28, subscriptions began for a tender offer of Duon’s shares announced by Forum. Expected completion is on February 26. Fortum wants to acquire 100 percent ...

Locked content Constitutional Court to investigate amendment on itself

Poland’s Constitutional Court is going to rule if the amendment approved by the government regarding the court is in accordance with the Polish constitution. The sitting has been scheduled for March 8 and 9. According to the new law, the tribunal’s rulings are to be passed with a two-thi...

Locked content Poland records over €3.6 bln trade surplus

In January-December 2015, the value of Polish exports reached €178.7 billion, an increase of 7.8 percent year-on-year, and imports reached a total value of €175  billion, an increase of 3.9 percent y/y, the Central Statistical Office (GUS) informed. The trade surplus amounted to around €3.678 billio...

Locked content Deflation at 0.7%

Poland’s inflation rate stood at -0.7 percent in January year-on-year, compared to -0.5 percent in December, the Central Statistical Office (GUS) reported. On a monthly basis, consumer prices in Poland were down by 0.4 points. Experts surveyed by ISBnews agency expected inflation to range from...

Gov’t to create “super IT firm”

The Ministry of Finance is planning to establish a sort of super IT company which will be authorized to carry out the digitalization of the tax control system, Rzeczpospolita daily reported.

Locked content Average senior spends nearly PLN 120 monthly on Rx drugs

The value of prescription (Rx) drugs  purchased by Polish seniors (aged above 75) amounted to PLN 4.3 billion last year, IMS Health reported. Overall, 3 million seniors purchased 189 million packs of medicine. The average patient bought five packs and spent PLN 119 a month. The government wants to r...

Locked content Rondo Wiatraczna gets green light

Property developer Dantex has received a construction permit to carry out the Rondo Wiatraczna scheme located in the Praga district of Warsaw. Rondo Wiatraczna will function as housing (470 apartments, 23,000 sqm), retail (11,000 sqm of GLA) and office (1,500 sqm) building. “Społem” Wars...