Locked content President Duda encourages US investors at New York Stock Exchange

Poland’s President Andrzej Duda has visited the New York Stock Exchange (NYSE) during his 5-day trip to the United States. “Poland has much to offer. I encourage you to take the time to look into those opportunities. Let us be successful together,” Duda told US investors during a t...

Locked content President signs bill on reducing CIT to 15%

On Friday, September 23, Polish President Andrzej Duda signed a bill on corporate income tax (CIT) for small firms, which assumes the reduction from 19 percent to 15 percent as of January 1, 2017. The lower CIT rate will be applied to companies with annual turnover of up to €1.2 million (PLN 5.28 mi...

Locked content Pekao sold mortgage bonds worth PLN 50 mln

Pekao Bank Hipoteczny, a mortgage unit of large-cap bank Pekao, has sold mortgage-backed covered LZ-II-14 series bonds worth PLN 50 million in total, the bank informed on Friday. The issue was made in the framework of its PLN 2 billion bonds program. In July, Pekao Bank Hipoteczny had its PLN 1.3 bi...

Locked content Alumetal starts production in Hungary

Alumetal, a manufacturer of secondary aluminium casting alloys, has launched production at the fist mill line of its new facility in Hungary, the company informed in a market filing. The first unit has a capacity of 36,000 metric tons, which amounts to 60 percent of the total planned capacity for th...

Locked content Polish developer to lay off 300 workers

Polish construction company Trakcja PRKiI intends to lay off about 300 employees by June 2017, the developer announced in a market filing. The main reason for such a decision is “significant delays in announcing tenders on the infrastructure market, chiefly rail, in the 2014-2020 EU financial ...

Locked content New joint venture “ElectroMobility Poland” by Enea, Energa...

The Consumer Protection Authority (UOKiK) has approved the establishment of a joint entity “ElectroMobility Poland” by the four largest Polish power groups – Enea, Energa, Polska Grupa Energetyczna (PGE) and Tauron, the watchdog informed on Thursday. The joint venture proposal was ...

Locked content NBP: Consumer loans up 0.8%; housing loans down 0.2%

The value of consumer credits increased by 0.8 percent or PLN 1.29 billion in August month-on-month and reached PLN 161.4 billion, the National Bank of Poland (NBP) announced on Thursday. The NBP also informed that the value of mortgages taken by households declined by 0.2 percent in August m/m to P...

Locked content KNF to present its opinion on FX mortgage relief

The financial market regulator KNF announced it will publish an opinion on the presidential bill on FX mortgage spreads return at the beginning of October 2016 at the latest. The draft bill was submitted to the lower house in Polish parliament, the Sejm, in August. The offer applies to both FX-denom...

Locked content iFun4all to debut on NewConnect on Friday

iFun4all is debuting on the NewConnect market on Friday, September 23. It will be the 407th company listed on the alternative NewConnect stock exchange , the bourse informed. “10.9 million A series bonds and 2.2 million B series bonds with a nominal value of PLN 0.1 will be noted on September ...

Locked content Poll: 49% of Poles dissatisfied with the government

The majority of Poles assess the government’s performance negatively, a recent poll conducted by TNS Polska showed. As much as 38 percent are satisfied with the government, versus 49 percent who are not. President Andrzej Duda’s activity is supported by 51 percent of Polish citizens, whi...