Locked content Katowicki Holding Węglowy plans issue of €500 mln euro bonds

Katowicki Holding Węglowy (KHW), a Polish state-controlled coal producer plans to issue euro bonds worth €500 million, the KHW board of directors announced at a press conference on Friday. The money raise from the bond issue will be utilized to buy out the current bond program and complement the tur...

Locked content Linetech to enter WSE

A Polish aviation-oriented maintenance company Linetech considers listing on the Warsaw Stock Exchange, Puls Biznesu reported on Friday. Linetech, which has recently leased new hangars in the Rzeszów-Jasionka airport to maintain aircraft, including Boeing 737, Airbus A320 and Embraer 190, plans to e...

Locked content Serinus may drill in Ukraine

Oil and gas exploration firm Serinus Energy, owned by richest Pole Jan Kulczyk, considers an additional number of drillings in Ukraine, Puls Biznesu reported on Friday. Serinus currently operates four units. Two of them, Vergunskoye and Krutogorovskoye are located in separatists-controlled regions o...

Locked content PKP Cargo given PLN 500 mln credit

PKP Cargo, a Polish state-owned cargo transportation company has been granted PLN 500 million investment credit from Bank Gospodarstwa Krajowego (BGK), the company announced in a press release on Friday. The money will be utilized to finance the repair and modernization of locomotives and cargo rail...

Locked content High quantity of warehouse properties transactions

The number of transactions on the Polish warehouse property market will remain on a high level, said ISBnews agency on Thursday. In H1 of 2014, the market noted a 20 percent year-on-year increase, compared to the same period of 2013. The Polish warehouse property market is the fastest growing market...

Locked content EC: Polish industry competitivity improved but lacking

A report of the European Commission rates Polish industry to be low in terms of competitiveness, but slightly more competitive than in previous years, reports IAR news agency on Thursday. The most competitive countries, according to the EC, are Germany, Denmark, Ireland and the Netherlands. On the o...

Locked content Cigarettes market drops in value

The Polish cigarettes market is shrinking, noting 3 billion fewer cigarettes sold in January-August 2014 than in the same period of 2013, reported Dziennik Gazeta Prawna on Thursday. Simultaneously, the gray economy is becoming increasingly popular. The negative trend is the result of several factor...

Locked content Polish food may go to Asia

Poland should search for new food markets outside Europe, say officials, according to fair organizers and advisors quoted by Puls Biznesu on Thursday. The desired destination would be the Far East. Polish farmers should take advantage of the Russian embargo, knowing that the eastern market for fruit...

EC suspends support for farmers

The European Commission has suspended financial help for EU farmers suffering from the Russian embargo, the Commission announced in a press release on Thursday. It is now considering a different scheme.

Locked content PGE to invest in high-power wind mills

Polish PGE Energia Odnawialna S.A., a renewable energy-oriented subsidiary of sector giant PGE, plans to invest in a wind farm with total power amounting to 90 MW, the company announced in a press release on Wednesday. The wind farm will consist of 30 power units, each of 3 MW capacity. It will be n...