LOT seeking serious investor

In recent years, Polish airline LOT has gone through a process of reorganization. It has relied heavily on identifying an appropriate strategic investor. The US investment fund Indigo partners was willing to invest,  however they backed out in August due to the political situation in Poland with the...

Locked content Poles set diet supplement record

The consumption of over-the-counter medication  has increased drastically in Poland. Poles have bought a record amount of dietary supplements. In the first half of 2015 they spent PLN 1,54 billion on 94 million packs. This is up by 10 million when compared to last year and 22 million more than in fi...

Paul Jones greets Poles in video

The new US Ambassador in Poland, Paul Jones, similarly to his predecessor Stephan Mull, has made a video greeting the Polish nation and to express his joy about his new position. He used the opportunity to introduce himself along with his family.

Locked content Duda proposes law on lowering retirement age

The Polish president, Andrzej Duda, has proposed a law that would reduce retirement age for women down to 60 and for men to 65 years of age. He wants to make sure that people who are willing and able to work will have the possibility to continue doing so. Duda announced at a press conference…

Locked content WP to launch TV channel?

Wirtualna Polska Holding (WPH) has applied to Krajowa Rada Radiofonii i Telewizji (KRRiT), the National Broadcasting Council to launch its own TV channel. It should be available on the new multiplex MUX8. The statement reads that “according to the announcement, the programme will include broad...

200 Veturilo stations in Warsaw

A new Veturilo station has been opened next to the New City office complex  at ul. Marynarska in Mokotów in Warsaw. There are already 200 bike rental stations in Warsaw, among which as many as 20 are sponsored by companies.

Locked content Poland prolongs credit to IMF till March 2017

In August 2015 Poland prolonged a credit agreement which was given to the International Monetary Fund (IMF),  to the value of €6,27 billion until March 2017. The Ministry of Finance emphasized that the assets of this bilateral credit have not yet been paid out and will probably remain untouched in t...

Enter Air cancels public offer

Polish low-cost airline Enter Air has canceled its public offer due to formal reasons, at the same time maintaining their intention to conduct Initial Public Offering (IPO) in addition to entering the Warsaw Stock Exchange.

Locked content Inter Cars to post revenues of PLN 10 bln in 2020

According to the chairman of Inter Cars Robert Kierszek, the company plans to reach revenues of PLN 10 billion in 2020. “Following the strategy of ‘Inter Cars of the future’ we’re aiming for a turnover of PLN 10 billion in 2020. We believe, that thanks to branches in Poland a...

Locked content Maspex Wadowice to invest in ŁSSE

Juice producer Maspex Wadowice is interested in investing in the area of the economic region  Łódzka Specjalna Strefa Ekonomiczna (SSE). Kazimierz Kujawa from the  SSE  informed that he wants to “focus especially on research and development, cooperation with scientific institutions and schools...