BGK net profit at PLN 584.57 mln in 2017
Bank Gospodarstwa Krajowego recorded a consolidated profit net of PLN 584.57 million in 2017 compared to PLN 257.04 million a year earlier, the bank reported.
Author Archives: Michael Evans
Gaz-System finalizes agreement on Poland-Slovakia pipeline
Gaz-System and Slovak Eustream have signed a connection agreement for the implementation of the gas pipeline between Poland and Slovakia, Gaz-System has reported. Construction work should start in the second half of 2018 and will run until the end of 2021.
LOT President meets employees over pay dispute
Rafał Milczarski, president of Polish airline LOT, invited all employees and associates to a meeting on Tuesday at 1 pm to discuss the ongoing pay dispute. “There was a total of about 20 people at the meeting, there were no trade union leaders, even though they announced that they would attend...
Government plans to increase lowest disability benefit to PLN 1,029.8
In Q2 this year the government plans to adopt a draft amendment to the Social Pension Act to increase the lowest amount of the benefit for total incapacity for work up to PLN 1,029.8 from the current PLN 865.03. According to Art. 4 of the Act of 27 June 2003 on social pension (Journal of Laws ofR...
Jagiellonian University and Grupa Azoty sign cooperation agreement
The Faculty of Chemistry at the Jagiellonian University in Kraków and Grupa Azoty, the largest Polish chemical corporation, have signed a cooperation agreement. It involves scientific and research cooperation in the field of chemical sciences, new materials and technologies as well as environmental ...
ME, PGNiG, PKN Orlen, PGE recruiting for internship program
The Ministry of Energy, the Polish state Oil and Gas Company (PGNiG), the Polish Energy Group (PGE) and PKN Orlen have launched the third edition of the “Energy for the future” internship program, PGNiG announced. The companies and the ministry offer, as part of the program, an annual pa...
LOT orders 3 more Dreamliners, to have fleet of 15 by end 2019
Polish national airline LOT has ordered another three Boeing 787-9 Dreamliners under an operating lease. The aircraft will be delivered in 2019, the carrier has announced. Taking into account all contracts signed, in this and next year the carrier will have six Dreamliners in its fleet, reaching the...
CCC to pay dividend of PLN 2.3 per share for 2017
The Management Board of CCC has decided to recommend PLN 37.37 million of the company’s unitary profit to the general meeting of shareholders 2017 for the dividend and part of the supplementary capital amounting to PLN 57.3 million, which will give a total dividend of PLN 2.3 per share, the co...
Polish counterfeiters detained in Spain
Spanish police have detained four Polish citizens near Gerona in the northeast of the country on suspicion of producing and selling counterfeit children’s milk powder. The falsified goods were sent mainly to China.
Q1 2018 investment growth significantly higher than in Q4 2017
Investment growth in the first quarter of 2018 was significantly higher than in the fourth quarter of 2017, the Minister of Investment and Development, Jerzy Kwieciński, informed the Polish Press Agency (PAP) today. He added that he was surprised by the scale of revision of CSO data.
