Locked content Poll: Duda’s assessment worsening

More than half of Poles (53 percent) believe Andrzej Duda has been performing well as the Polish President, a recent opinion poll conducted by CBOS showed. Negative opinions accounted for 37 percent of the responses. Compared with August, the number of positive assessments of Duda’s work decre...

Locked content Polimex and PGE sign a contract worth over PLN 475 mln

Polimex Energetyka and PGE Polska Grupa Energetyczna have signed a subcontract for the modernization of boilers in 1-3 power units at Elektrownia Turów heating and electric plant, a press release read. The value of the deal stands at PLN 476.7 million. The contract signed with Amec Foster Wheeler En...

Locked content Rafako lands €150 mln deal abroad

Polish boiler producer Rafako signed a €149.7 million (PLN 644 million) deal for the construction of a cogeneration power block for Lithuanian JSC Vilniaus Kogeneracine Jegaine, the company said in a market filing. The block is to be built within 28 months from the launch order, which should come wi...

Locked content Poland received €505 mln from EU in VIII

The Ministry of Finance said in a filing that Poland has received €505.4 million from the European Union in August 2016, of which €464.7 million consisted of current transfers, and €40.7 million constituted capital transfers. The support provided by cohesion policy stood at €105 million, and €386 mi...

Locked content Kopex with net loss of PLN 547 mln in H1

Polish mining equipment producer Kopex posted a net loss of PLN 547.3 million in H1 2016 as the firm turned over PLN 330 million in non-cash impairments, the company said in a report. Last year, Kopex had a net profit of PLN 23 million. Consolidated revenues stood at PLN 446.3 million, which means a...

Locked content Kruk acquires portfolio on Italian market for €4 bln

Poland’s largest bulk debt collector Kruk has acquired a portfolio with a nominal value of €930 million on the Italian market for € 3.996 billion, the company informed in a market filing. In H1, the company allocated PLN 728 million on debt purchases. The group intends to reach PLN 1 billion i...

Locked content Trump to NATO countries: We need to follow Poland’s example

On Wednesday, September 28, Republican presidential nominee Donald Trump proclaimed he would honor Poland’s sacrifices for freedom if he is elected president of the United States. “As president I will honor Poland’s sacrifices for freedom. We’re committed to a strong Poland, very committed, to...