Locked content Japanese firm to employ 200 people in Sosnowiec factory

Japanese company Sumitomo Riko is to employ 200 people in a factory in Sosnowiec operated by its Polish subsidiary TRI Poland. The facility will process artificial materials and produce antivibration and sound absorbing parts for the automobile industry. The firm will take over an abandoned factory ...

Locked content New body to oversee state companies to be created in 2017

A new administrative body tasked with overseeing state-owned companies will be created by the middle of 2017, replacing the current Ministry of State Treasury, Minister Dawid Jackiewicz announced on Friday. Speaking to reporters at a press conference, Jackiewicz revealed that the new body will take ...

Locked content Government to rework road construction program by March

The Ministry of Infrastructure and Development is aiming to amend the government’s road construction program by the end of March, Vice-Minister Jerzy Szmit announced on Friday. The current program, created by the previous PO-led government, sets out the strategy for the building of national ro...

Locked content Best wins auction for securitized debts of PLN 229 mln

Closed-end fund Best has won an auction for a securitized debts package of a nominal value of PLN 229 million from mBank, the firm announced on Friday. The company’s board will officially comment on the news later on. Best specializes in the trade and management of irregular debts. The group i...

Locked content New connections from Radom airport

Airplanes will fly from Radom airport once more starting from the second half of April, with the announcement on Friday that SprintAir will run routes to Berlin, Prague, Wrocław and Gdańsk. The carrier will operate 14 flights weekly from Radom, flying each day of the week except Saturday, sales dire...

Locked content PM: First retail tax was a “mistake”

Prime Minister Beata Szydło has admitted that there were some significant flaws in the first version of her government’s retail tax bill, as it turned out to overly penalize domestic Polish retailers instead of focusing on foreign multinational companies, which was the stated aim of the measur...

Locked content Sejm passes financial regulation bill

The Sejm accepted an amendment to financial bills regulating the operation of investment funds, as well as decreasing certain penalties for issuers and investors. The amendment is a response to an EU directive regulating financial markets. The changes are also designed to increase the transparency o...

Locked content Kernel records $116 mln profits in Q4 2015

Kernel Holding announced it achieved a net profit of $116.46 million in the fourth quarter of 2015. This is a significant rise compared to the $54.85 million it gained in the same time period in 2014. The company attributed the record performance to effective cost-cutting measures. In related news, ...

Locked content Ombudsman criticizes new state land bill

Government ombudsman Adam Bodnar sent a letter to Prime Minister Beata Szydło this week, in which he shared his concerns about the upcoming state-owned land sale bill. The measure calls for the freezing of sales of most land owned by the State Treasury for the next five years. The government justifi...

Locked content CBOS: 81% of Poles want to remain in EU

81 percent of Poles support Poland’s membership in the EU, a poll by CBOS shows. Carried out at the beginning of February, the poll gauged the opinions of Polish citizens on matters connected to European integration. 52 percent of those asked stated that Poland’s membership in the EU doe...