Locked content PKN Orlen pre-notifies EC on merger with Lotos

PKN Orlen sent complete analysis of the merger with Grupa Lotos to the European Commission (EC), as part of the pre-notification process – PKN Orlen CEO Daniel Obajtek informed. “We are in constant talks with the EC and we want to prove that the merger is not a threat to competition on t...

Locked content TXM to raise PLN 31.9 mln from share and bond issue

TXM has completed the recapitalization of the company through the issue of shares and bonds with a total value of PLN 31.9 million, the company said. The management board also announced the signing of amending agreements with the financing banks, which guarantee the company that credit lines will be...

Locked content ZA Puławy dismisses Jacek Janiszek from CEO post

The supervisory board of Grupa Azoty Zakłady Azotowe Puławy (ZA Puławy) dismissed Jacek Janiszka from the management board as the CEO, the company said. At the same time, the supervisory board delegated Krzysztof Bednarz – a member of the company’s supervisory board – to temporaril...

Locked content Fuel prices may inch down – BM Reflex

If there is no rapid increase in wholesale fuel prices, prices at stations may drop by PLN 0.02 – 0.04 per liter this week, BM Reflex analysts estimated. Although the unstable situation on the oil and gas market affects fluctuations in wholesale fuel prices, prices on the retail market remain ...

Locked content Netia appoints Andrzej Abramczuk as CEO

Netia’s supervisory board appointed Andrzej Abramczuk as the new CEO as of August 18, the company said in a statement. Abramczuk has been a board member at Netia since December 2017. Back in May Katarzyna Iwuć resigned from the CEO post. The supervisory board then named Wojciech Pytel the acti...

Locked content Global A&D sector revenue up by 2.7% in 2017 – Deloitte

Global revenue of aerospace and defense (A&D) sector increased in 2017 by $18.3 billion or 2.7 percent y/y. The A&D sector owes this increase mainly to the development of civil aviation and increasing expenditures on defense in Europe – according to a report by the consulting company D...

Locked content Punctuality of passenger trains is falling – UTK

Punctuality of passenger trains fell to 88.21 percent in Q2 in comparison to 92.29 percent in the same period last year, Railway Transport Office (UTK) stated on Thursday. The office added that punctuality rate fell as well compared to Q1 when it was 90.14 percent. PKP Intercity showed the poorest r...

Locked content Next households get high speed internet – Wielkopolskie

Further 40,000 households gained access to high-speed internet in Wielkopolskie voivodship. Orange came to an agreement with INEA regarding the use of its fiber-optic network.  Orange plans to launch its services via the Poznań operator’s infrastructure already in the coming weeks. Most of the house...

Locked content Army announces tender for four buses

The Second Regional Logistics Base (2nd RBLog) has announced a tender for the supply of four passenger buses for the army, informed 2nd RBLog in the tender announcement. The order for three buses is guaranteed, while for the fourth vehicle it is an optional order. Interested companies have to submit...