Locked content Amica back in talks to buy Spanish Fagor

WSE-listed white goods producer Amica started talks with a Spanish contractor with rights to the Fagor brand, aimed at acquiring a license for this brand, the company said. Back in November, Amica submitted a €5 million offer for the Fagor brand owned by the bankrupt Spanish appliance group Edesa In...

Locked content Freight trains’ trade speed up to over 25 km/h

The trade speed of freight trains increased in 2017 to over 25 km/h in Poland. During the last two years, there has been a slight increase in average speed. However, it is still low compared to other countries and has a negative impact on the competitiveness of rail transport – said the Office...

Locked content EC lifts Poland’s 2018 GDP growth forecast to 4.6%

The European Commission increased Poland’s 2018 GDP growth forecast to 4.6 percent from its previous estimate of 4.3 percent issued in May. The forecast for 2019 still remains at 3.7 percent. EC economists say inflation in 2018 should come in at 1.3 percent (unchanged). In 2019 inflation is expected...

Locked content NFOŚiGW invests PLN 36 mln in water and sewage networks

The National Fund for Environmental Protection and Water Management (NFOŚiGW) will co-finance modernization of water and sewage networks in Śląskie (Kozy municipality) and Wielkopolskie (Śmigiel municipality) voivodships. NFOŚiGW will provide PLN 36 million, the fund said in a statement. The value o...

Locked content Tarczyński sells production plant for PLN 28 mln

WSE-listed Tarczyński signed an agreement to sell an organized part of the enterprise, a meat production plant in Sława, to the meat processing plant “Sława”, the company said. The sale price was set for a total amount of PLN 28 million. The company decided to sell the plant in order to ...

Locked content 40% of Poles do not segregate waste

Although many declare high awareness of the rules for packaging waste segregation, 40 percent of Poles do not do it at all – according to a study by Kantar TNS and the ProKarton foundation. Only one in three knows where to throw away an empty milk or juice carton. The Foundation informed that ...

Locked content Łódź gets PLN 11 mln EU funds on hospice for adults

The association building the first stationary hospice for adults in Łódź has received PLN 11 million of EU funding. The renovated building will be adapted to accept 50 oncological patients within two years. The funds raised by the Stowarzyszenie Hospicjum Łódzkie NGO come from the Regional Operation...

Locked content Poczta Polska neglects plans to distribute Vabun products

Poczta Polska (PP) was not in talks with the perfume producer and retailer Vabun regarding the distribution of Vabun’s products in its post offices, Justyna Siwek, PP’s spokesperson informed in a statement. She added it would require registration using cash registers, which post offices ...

Locked content RPP keeps interest rates unchanged

The Monetary Policy Council (RPP) decided to keep interest rates unchanged. The NBP’s reference rate still stands at 1.5 percent, the lombard rate at 2.50 percent, the deposit rate at 0.50 percent and the rediscount rate at 1.75 percent. This decision is in line with analysts’ expectations. In...

Locked content Neuca buys back 150,000 shares at PLN 310/shr

Neuca bought back  150,000 of its own shares, said  Dom Maklerski mBanku which is an intermediary in the offer. On June 13, Neuca announced an offer to purchase no more than 150,000 of its own shares, representing up to 3.23 percent of the share capital. The offered price was PLN 310 per share. The ...