Locked content GDDKiA: new traffic management system coming to Poland’s roads

The General Directorate for National Roads and Motorways (GDDKiA) has announced that it will implement a new method for sharing data on traffic flow across Poland, beginning in 2017, according to a report on Wednesday on Gazeta Prawna’s website. The aim of the new system, the report said, is to allo...

Locked content University of Rzeszów to invest in major upgrades

The University of Rzeszów will spend about PLN 4.5 million on the thermal modernization of its buildings, said a report on Thursday on the news site Onet. The money is part of a PLN 2.1 billion aid package to Podkarpacie granted by the European Regional Development and Social Funds. In this case, th...

Locked content CD Projekt to announce new games

One of Poland’s most successful computer-game developers has announced that it plans to increase its investment in new game development, according to a report in the Polish press on Wednesday. The report also revealed that the company has spent PLN 41 million thus far in 2016 on developing new games...

Locked content Election shocker sends stock markets into frenzy

The announcement of the US-presidential election victory of  Donald Trump has caused market volatility in both Asia and Europe in morning trading on Wednesday. Japan’s Nikkei 225 was down by 5.4 percent in early trading, and markets in Europe were also down. Initial news of the upset, in which the R...

Locked content Deutsche Bank looking to leave Poland

In order to streamline operations and increase capital, Deutsche Bank could sell its Polish division, according to a report from Reuters on Wednesday morning.  The report stated the two banking sources had confirmed that the bank wants to eliminate assets that are not related to its core business. D...

Locked content Grupa Azoty buys PLN 63 million worth of shares in new installation

The Chemical Works ‘Police’ Group (Zch ‘Police’) will welcome an investment from its parent company, Grupa Azoty, in order to help fund its PLN 700 million propylene production installation in Police, Poland, the Polish Press Agency reported on Tuesday afternoon. The propylene dehydrogenation plant ...

Locked content Election already having an influence on stock markets

Tuesday morning saw relatively quiet fluctuation in trading of currencies in relation to gold, an unsurprising development considering the upcoming national presidential elections in the United States, reported the Polish Press Agency. The US dollar, which abruptly soared yesterday after the FBI ann...

Locked content Fitness businesses in Poland growing rapidly

A report in Newseria business on Tuesday stated that private fitness facilities serve nearly three million Poles. “The fitness market in Poland is potentially absolutely massive,” said Tony Cowen, creator of Tonezone, a fitness company operating in Warsaw. The report cited data from Deloitte, which ...

Locked content Cash transactions to be limited

An amendment by the Polish government to the Freedom of Economic Activity Act will stipulate that businesses will be able to undertake cash payments and exchanges to a maximum amount of only PLN 15,000, the government said in a report released on Tuesday. Lawmakers reasoned that the new limit should...

Locked content Work permits to be made easier for foreigners in Poland

Beginning in January, new legislation will be applied that will make it easier for foreign nationals to obtain employment in Poland, according to a report on Tuesday in the Polish press. Karolina Szyfter, an immigration lawyer at the Raczowski Paruch office, told Onet in an interview that the change...