Locked content LG Chem to invest over PLN 1.3 bln to produce electric car batteries

South Korean LG Chem will invest over PLN 1.3 billion by the end of 2018 to build a factory to produce batteries for electric cars, the Ministry of Development has announced. The plant will be built in Kobierzyce near Wrocław. “Over 700 new jobs will be created. The investment will be located in the...

Locked content New car registrations in Poland up by 17%

The number of passenger cars and vans registered in Poland in September amounted to 37,385, up 10.8 percent from August, and 17 percent y/y, according to data from sector research firm Samar. It was the 18th consecutive month of annual growth and the best September in a decade. The top-selling carma...

Locked content Uniwheels main shareholder may sell part or entire stake

The lead shareholder of alloy rim producer Uniwheels could sell part of or its entire 61.3 percent stake in the company as part of a review of strategic options, Uniwheels announced. “The process is at an initial stage and Uniwheels Holding does not exclude any scenario, including a potential ...

Locked content PKW rejects financial reports of two political parties

The National Electoral Commission (PKW) has rejected the financial reports of the Nowoczesna and Razem parties for 2015, according to decisions posted today on the commission’s website. The parties have the right to appeal the rejection decision to the Supreme Court within seven days. If a par...

Finance Ministry to issue PLN 3-6 bln bonds

The Ministry of Finance has announced that it will offer wholesale bonds at an auction on Thursday. They are from the OK1018 and DS0727 series (maturing in 2018 and 2017 respectively) and have a total value of PLN 3-6 billion.

Locked content Ministries and PM’s office to take over supervision of state com...

After liquidation of the Ministry of the Treasury, supervision of companies that previously belonged to it will be transferred to various ministries, while supervision of the appointment of management and supervisory boards will be at the discretion of the Chancellery of the Prime Minister (KPRM), a...

Locked content Lotos considers floating Lotos Kolej on WSE

The Lotos Group is currently analyzing the possibility of listing its rail transport subsidiary Lotos Kolej on the Warsaw Stock Exchange, Lotos vice-president Przemysław Marchlewicz has informed. However, he pointed out that this must be linked to a development and investment plan for the company. “...

Locked content Nearly 100,000 take part in Black Monday protests

According to the national chief of police Jarosław Szymczyk, a total of 98,000 people took part in yesterday’s protests against the further tightening of Poland’s anti-abortion law. The largest number of protesters – 20,000 – gathered in Wrocław, while in Warsaw 17,000 took to the street...