Locked content US to deploy 1,000 troops in Poland from January – Macierewicz

On September 21, Polish Minister of National Defence Antoni Macierewicz announced that the first NATO military units under US command will arrive in Poland in January 2017. Additionally, an armored brigade is likely to be posted in Poland on a rotating basis in February. During the NATO July summit,...

Locked content MF sold bonds worth PLN 12.7 bln; redeemed for PLN 12 bln

The Ministry of Finance has sold wholesale WZ0120, PS0721 and WZ0126 series bonds valued at PLN 12.74 billion with PLN 10.79 billion demand, a statement read. WZ0120 series bonds have been sold for PLN 2.8 billion (maturing in 2020). PS0721 series bonds have been sold for PLN 5.94 billion (maturing ...

Locked content Survey: 37% of Poles shop by smartphone; 81% – by laptop

As many as 41 percent of Polish internet users have shopped by phone at least once, which means 4 percent growth from the previous year, a recent survey “E-commerce in Poland in 2016” by Gemius showed. However, the majority of Poles still prefer laptops and computers – nearly 81 pe...

Locked content More than 35,000 sqm leased in Galeria Młociny

Galeria Młociny shopping center project in Warsaw’s Bielany district is now more than 50 percent commercialized, the developer Master Management Group informed. “We are talking about signed lease agreements here, not letters of intent,” stresseed Michał Masztakowski, the development and ...

Locked content Bank Pocztowy appoints new CEO

State-owned Bank Pocztowy has appointed Sławomir Zawadzki as its new Chief Executive Officer (CEO), the lender announced in a market filing. Earlier, Sławomir Zawadzki has been employed as a Vice President at Bank Pocztowy and Bank Ochrony Środowiska (BOŚ). Bank Pocztowy was established in Bydgoszcz...

Locked content PKP Cargo to cooperate with PGNiG in 2017

Railway freight carrier PKP Cargo has signed a contract with a state-controlled natural oil and gas company PGNiG for the delivery of 1.1 million tons of hard coal in 2017, the company informed in a market filing. The value of the agreement exceeds PLN 28 million, a statement read. PKP Cargo is a pa...

Locked content President Duda meets UN Secretary-General

On September 17, Poland’s President Andrzej Duda started a five-day trip to the United States and has already attended the General Debate of the 71st session of the United Nations General Assembly and met with UN Secretary-General Ban Ki-moon. According to presidential aide Minister Krzysztof ...

Locked content Grupa Kęty sales at PLN 2.26 bln in FY 2016

Aluminum processing company Grupa Kęty has recorded a consolidated net profit of PLN 279 million in FY 2016, which is 14 percent higher than in the corresponding period last year, the company informed in its flash estimates. Sales revenue inched up by 55 percent y/y up to PLN 2.26 billion, while EBI...