Locked content PGNiG has new CEO

The supervisory board of state-owned natural gas group PGNIG has appointed Piotr Woźniak as its new CEO, the company reported. Woźniak is a geologist. He served as the Minister of the Economy in 2005-2007 and has also been the General Geologist. Most importantly, he used to be a member of the superv...

Locked content Lublin invests in start-ups

Lubelski Park Naukowo-Technologiczny (Lublin Science and Technology Park, LPNT) will earmark PLN 10 million in 20 start-ups, LPNT announced. The funds will be provided under the Innova-Invest project, in which 316 business plans participated. The winning 20 firms were chosen due to the high level of...

Locked content Gov’t to fund common health insurance?

Poland’s government may fund common health insurance for all citizens, thus the access to the state-financed health care will not require payment contributions, Dziennik Gazeta Prawna reported. A draft of a bill implementing free medicines for Poles aged above 75 years old, prepared by the hea...

Locked content First Polish supermarket with organic food to be built

Organic Farma Zdrowia is planning to open Poland’s first supermarket offering organic food, according to Parkiet daily. The company is seeking to garner some PLN 15 million and construct two supermarkets in Warsaw. Delivery of the first has been scheduled for the second half of 2017, the secon...

Locked content Rank Progress sells Aviator

Property developer Rank Progress has sold the Aviator scheme to Pergranso for over PLN 67.3 million, the media reported. Aviator is a shopping mall based in Mielec (Podkarpackie voivodship). It is still under construction. Aviator will encompass 33,200 sqm including 25,400 sqm of GLA. Rank Progress ...

Average salary up in 2015

The average monthly salary stood at PLN 3899,78 for the entirety of 2015, compared with PLN 3783,46 recorded in 2014, according to the Central Statistical Office (GUS).

Locked content 20% of firms do not hire the over 50s

Polish companies are not eager to employ people over 50 years old, a recent survey by Work Service showed. Over 20 percent of the employers surveyed said they do not hire those who are aged 50 and above, additionally, only 12 percent of the respondents is planning to increase the current number of e...

Locked content KGHM to write down nearly PLN 2 bln

Poland’s copper producer KGHM informed it flagged PLN 1.93 billion in write-downs on key foreign investments due to extremely low metals prices, the company reported. Writedowns regarding Chile-based Sierra Gorda mine will exceed PLN 1 billion (including tax effect). According to the company, ...