Locked content LOT to acquire 49% stake in Estonia’s Regional Jet

LOT Polish Airlines is planning to acquire a 49% stake in Regional Jet, an airline belonging to the Estonian national carrier Nordica, LOT president Rafał Milczarski announced. The two airlines have started cooperation which will mean more connections, aircraft, and passengers for LOT. On Friday, Mi...

Locked content Szydło: High hopes for development of Poland-China economic ties

 Poland has great hopes for development of economic cooperation with China, Prime Minister Beata Szydło said on Saturday in Riga during a China-CEE summit. According to her, participation in the summit of 16 CEE states with China is part of Poland’s strategy of dialogue with China. The prime ministe...

Locked content Analysts predict further falls in gasoline prices

Analysts are predicting falls in prices at gas stations this week as a result of falling crude oil prices. According to experts at e-petrol.pl, the price of Pb95 gasoline should range from PLN 4.44 to PLN 4.55 per liter. Diesel should cost between PLN 4.32 and PLN 4.41, and LPG PLN 1.93-2.00. These ...

Locked content Attempt to remove Polish education minister fails

On Friday, Polish MPs rejected an opposition motion calling for the dismissal of the Minister of Education Anna Zalewska, who is spearheading a drive to reform schools. In total, 168 deputies voted in favor, 253 were against, and 11 abstained. The no-confidence vote was put forward by the opposition...

Locked content Gazeta Wyborcza sales fall 9.68% y/y, other dailies also down

The total paid circulation of Gazeta Wyborcza, published by Agora, stood at 153,889 copies in September, which is represents a y/y drop of 9.68 percent, but a m/m rise of 1.86 percent, according to the Association of Press Distribution Control. Sales of Rzeczpospolita amounted to 52,908 copies in Se...

Locked content New car registrations up 8.42% in October

The number of registrations of new passenger cars and vans with a gross vehicle mass (GVM) of up to 3.5 tons reached 36,877 in October this year. This is an 8.42 percent y/y increase, but a 1.36 percent m/m decrease compared to September, according to sector research firm Samar, citing data from the...

Locked content WSE main, NewConnect and Catalyst markets fall in October

All the three markets of the Warsaw Stock Exchange (WSE) saw declines in October, according to figures published by the company. The total value of share trading on the main market of the WSE stood at PLN 16.48 billion in October this year, a y/y drop of 13.4 percent, the WSE reported. In the period...

Locked content Bank BPH net profits fall y/y to PLN 4.43 mln in Q3

Bank BPH recorded a consolidated net profit of PLN 4.43 million in Q3 of 2016 for continuing and discontinued operations, down from PLN 4.85 million a year earlier, the bank reported. The bank explained that due to the purchase of its Primary Activities by Alior Bank, starting with the report for Q1...

American investments in Poland top $40 bln

The value of direct American investments in Poland exceeds $40 billion, according to Tony Housh, head of the American Chamber of Commerce (AmCham) in Poland. He adds that US firms are planning several major new investment projects in this country.