Poland moves up one place in Doing Business ranking

Poland has advanced from last year’s 25th place to 24th in the World Bank’s “Doing Business” ranking, according to an annual report published on Tuesday. The Ministry of Development commented that this is a sign that the Polish economy is heading in the right direction.

Locked content Ekoplast plans NewConnect debut by end of 2016

Ekoplast plans to debut on the NewConnect market before the end of 2016, the company announced. Earlier this year, Ekoplast changed its legal form to a joint-stock company, with a view to implementing further growth plans. “We want to launch new projects that will contribute to further strengthening...

First international beer brewing doctorate launched in Kraków

Eight doctoral students representing universities from across Europe will take part in the first international doctoral studies on brewing and malting. They will gain specialized knowledge in universities, breweries, and other firms in the brewery sector. The project was inaugurated on Tuesday in Kr...

Locked content President signs law amending 2016 budget

On Tuesday, President Andrzej Duda signed the law of October 20, 2016 amending the budget act for 2016, the Chancellery of the President announced. The law authorizes the Minister of Agriculture and Rural Development to pay out advances this year of 70 percent on direct payments to agricultural prod...

Locked content Top Polish banks see 33% quarterly drop in profits

Poland’s nine top WSE-listed banks are likely to post an over 30 percent decline in aggregate net profit in Q3, after Q2 earnings were padded by the sale of the Polish stake in Visa Europe. The total net profit of these banks is expected to reach PLN 2.49 billion, down 16 percent y/y and down&...

Locked content Polish firms ready to buy Belarusian companies

The potential participation of Polish companies in privatization in Belarus is a watershed moment in the history of these two countries, Deputy Prime Minister Mateusz Morawiecki said. He added that a list has been agreed of Belarusian companies that Polish companies could try to purchase. “We agreed...

Locked content Dom Development net profits rise y/y to PLN 16.83 mln

Dom Development recorded a consolidated net profit of PLN 16.83 million in Q3 of this year, compared to PLN 9.55 million a year earlier, the company announced. The operating profit stood at PLN 21.01 million compared to PLN 13.22 million a year earlier, while consolidated sales revenues reached PLN ...