Locked content Unemployment rate at 11.5% in December

The registered unemployment rate amounted to 11.5% at the end of December, an increase by 0.1 pct compared with November, announced the Ministry of Labour and Social Policy based on data from job centers. It is the lowest since 2008. “The number of registered unemployed amounted to 1,825,800 persons...

Locked content Polish customers spend PLN 60 on monthly Internet

Over 73 percent of Polish households have internet access and there are 400,000 new users, Rzeczpospolita daily reported according to the Central Statistical Office (GUS). As many as 9.7 million households (77.1 percent) possess a computer and 9.4 million of them have internet access. The gap betwee...

Locked content Raiffeisen to trade bonds on Catalyst

Raiffeisen Bank Polska is starting trading of 500,000 series A bonds on January 15 in the Alternative Trading System, Catalyst, organized by BondSpot S.A. The value of the issued bonds amounts to PLN 500 million, as read in an announcement made by Forsal.pl. Raiffeisen Bank Polska issued the bonds i...

Locked content RWE to build another wind farm in Poland

German RWE Renewables is to launch a new investment project in Opalenica by the end of 2015. The 17 megawatt plant is the company’s seventh wind power plant in Poland and will provide electricity for 21 thousand Polish households. The farm will consist of 7 turbines with a power capacity of 2.4 mega...

Locked content Shoe companies eye new markets

The home market proves to be too small for Polish companies. Producers plan new investments to expand their businesses abroad. Wiesław Wojas, the CEO of the WSE-listed Wojas S.A, aims to grow by 10-15% in 2015, mainly by increasing presence on foreign markets. “We have outlets in neighbor countries ...

Locked content PKP Cargo to buy locomotives for PLN 400 mln

Rolling stock of PKP Cargo is to be twice bigger than planned. The second-biggest EU rail freight operator will buy 15 multi-system locomotives instead of 10. What is more, PKP added to the tender an option of expanding the order by 5 other vehicles. The total value of the procurement will reach PLN...

Locked content Poland fails to win new markets for apples

After Russia imposed an embargo on food imported from the West, Polish growers find it difficult to win alternative markets for apples. Marek Gawlik, the president of the Polish Saudi Business Council, who was seeking a supplier to deliver apples to Nigeria and the United Arab Emirates, argues that ...

Locked content Polish Treasury is no longer BGŻ Bank shareholder

The Polish National Treasury sold its BGŻ Bank shares, the Ministry of the Treasury informed. Selling 0.0001 percent of the lender’s stakes, the Polish treasury earned PLN 736,944. The price was around PLN 80.5 per share. According to a deal between BNP Paribas and Rabobank the two lenders would acq...

Locked content Poland managed to meet two Maastricht criteria in November

Poland met two out of five euro convergence criteria in November, the Ministry of the Treasury informed. “In November, Poland met the criterion on price stability. Average annual HICP indicator growth was 0.2 percent (the lowest ever) and was lower than the reference value by 1.1 percent points,” th...

Locked content Kruk bought PLN 1.58 bln worth of outstanding debt in Q4 2014

Kruk S.A bought PLN 1.58 billion worth of outstanding debt for PLN 215.4 million in Q4 of the previous year. In the same period of 2013, the company acquired PLN 1 billion worth in receivables for PLN 82.2 million, announced the company in a press release. Kruk spent PLN 570 million for purchasing P...