Locked content Polish beer a new export hit in Europe – GUS

Products originating from Polish breweries have dethroned vodka, which had been Poland’s biggest export, the daily Dziennik Gazeta Prawna reported. Last year, €170.6 million worth of beer was exported from Polish breweries. This is 19.8 percent more than in the preceding year, according to dat...

Locked content LOT to plant trees to offset carbon emissions

LOT Polish Airlines will be entering a completely new line of activity. In accordance with an international agreement to balance CO2 emissions, Poland’s national carrier will plant maple, beech, and acacia trees. At the beginning of October, after many years of efforts, member states of the Internat...

Locked content EU and Canada sign CETA trade deal

The European Union and Canada signed the comprehensive CETA free trade deal on Sunday. It removes around 99 percent of duties on trade between the two parties, along with most non-tariff barriers, as well as liberalizing trade in services. The document was signed by Canada’s Prime Minister Jus...

Locked content Deputy Minister Domagalski-Łabędzki appointed new head of KGHM

On Friday the supervisory board of Polish copper mining giant KGHM appointed Radosław Domagalski-Łabędzki to be its new president. Prime Minister Beata Szydło recalled him from his current position as Deputy Minister of Development. Domagalski-Łabędzki had been Deputy Minister of Development since D...

Locked content Gdańsk court agrees to examine lawsuit by CHF mortgage holders

Around 700 Swiss franc mortgage holders have filed a lawsuit against Bank BPH. The District Court in Gdańsk issued a decision agreeing to consider the class action suit, Mariusz Korpalski, an attorney representing the group, announced. “Such decisions of the courts should be the standard, but ...

Locked content Bank Millennium net profit falls y/y to PLN 138.8 mln in Q3

The consolidated net profit of Bank Millennium fell in Q3 of 2016 to PLN 138.8 million from PLN 165.7 million a year earlier, the bank reported. The net profit was close to the PAP consensus of PLN 135.9 million. However, the net profit for the period Q1-3 was up sharply y/y, amounting to PLN 569.8 ...

Łódź sells city land for record PLN 85 mln

During an auction on Friday, the city of Łódź sold a plot of land in Nowe Centrum Łodzi (NCŁ) for PLN 85.2 million. This is the biggest land sale in the city’s history. The new owner of the property will be the Ghelamco company, the Łódź magistrate informed PAP.

Locked content EU funds for Poland total €308.03 mln in September

The transfers of funds from the European Union to Poland amounted to €308.03 million in September, the Ministry of Finance announced. Out of this total, current transfers accounted for €302.13 million, and capital transfers €5.9 million. Poland received €266 million under the Common Agricultural Pol...