Major Poznań mall refurbished and renamed

Retail space developer ECE has completed the refurbishment of the former Poznań City Center shopping mall in Poznań, which has now been renamed Avenida. The €30 million modernization project involved the installation of a new exterior facade, as well as the introduction of a number of improvements i...

Locked content Weakening of Złoty follows US dollar’s surge

On Thursday morning the złoty was trading at 0.24 to the US dollar, its lowest levels in recent months in comparison to the American greenback. Today the auction of Polish bonds, worth PLN 3 to 5 billion, will be introduced by the Polish Ministry of Finance, according to a report in the Polish press...

Locked content EU court case on Polish transport specifications

On Thursday, the European Commission opened its court case against Poland’s breach of the regulation regarding the maximum allowable weight of loads on transport vehicles, the Polish press reported. The EU contests that Poland is breaking the law because in some cases, transport loads in Poland exce...

Locked content IKEA opens internet shopping in Poland

Starting on Thursday in Poland, it will be possible for customers to purchase products from the Swedish home furnishings company IKEA online. However, there is just one catch – for now, it is possible only for customers in Wrocław. The availability of ordering IKEA products online is being phased in...

Locked content Sales of new cars in Poland way up in October – ACEA

A report by the European Automobile Manufacturer’s Association (ACEA) on Thursday indicated that the registration of new passenger vehicles in Poland had increased in October by 11 percent y/y, according to ISB news. The number of passenger cars registered in the country during the month totalled 32...

Locked content Comarch recognized for Latin American achievements

One of Poland’s largest telecommunications companies has received a prestigious award for its contribution to the IT market in South America, a press release on Wednesday stated. The company won the award, “Latin American 2016 Entrepreneurial Company of the Year.” The organization handing out the aw...

Locked content PZU purchase of Pekao expected soon

The plan by Poland’s largest public insurer, PZU, to buy a large percentage of shares in Pekao Bank should be known within two weeks, according to a Polish press source. “Due diligence continues, there is a chance that it will end this week. (However) it is likely that we still need a week or two...

Locked content Results of first Smolensk victims exhumations reported – Rzeczpo...

Preliminary results from the exhumation of Maria Kaczyńska, the wife of former president Lech Kaczyński, showed multi-organ injuries that are typical for victims of air crash disasters, according to a news release in Rzeczpospolita early on Thursday. The results of the autopsy on the former presiden...

Locked content Polish Senate swears in new MPC member

On Wednesday, Poland’s Senate welcomed Rafał Sura, a member of the Law and Justice (PiS) party, who will now head the Monetary Policy Council. The new MPC member replaced Marek Chrzanowski, who resigned in October. Chrzanowski was later appointed chairman of the Financial Supervision Commission (KNF...

Locked content Lufthansa subsidiary hopes to expand in Poland

Xeos, a subsidiary of Lufthansa and GE which repairs aircraft engines, announced this week that it plans to open a repair facility in Silesia, which it says will employ as many as 600 people, according to a report in Puls Biznesu on Thursday. The €250 million factory is set to be built in the Legnic...