Locked content 30 casualties in road accidents during the long weekend

According to the police statistics, 30 people were killed on Polish roads during the August long, 5-day-long weekend. Another 610 were injured in 468 accidents, police stopped over 1,500 drunk drivers. Last year, during the Assumption of the Blessed Virgin Mary long weekend, 45 people were killed an...

Locked content Poland wants to have 4.5 GW of nuclear capacity by 2040

According to the Minister of Energy, Krzysztof Tchórzewski, Poland wants to have 4.5 GW nuclear power capacity by 2040. He added that Warsaw should be able to finance the construction itself, but the technology will be purchased in the tender, “the choice of equipment will be such as to guarantee th...

Locked content Lotos eyes US oil

WSE-listed, state-owned gas giant Lotos is considering buying oil in the US, although doesn’t expect first deliveries this year. “We are working intensively on opening up the US routes when it comes to oil,” company’s deputy CEO Jarosław Kawula said. He added that currently, based on information fro...

EU subsidies reach PLN 117.9 bln

The value of EU subsidy applications submitted by August 16 amounted to PLN 235.4 billion, according to data released by the Ministry of Development. Till mid-August, 20,873 contracts for the EU co-financed projects amounted to PLN 117.9 billion in EU subsidies.

Locked content WSE suspended trading of six companies

WSE decided to suspend trading of Elkop shares on the main market between August 25-September 6. The bourse also suspended trading on shares of five companies listed on the small-cap, alternative market NewConnect: Alkal, Dase, Ekokogeneracja, Loyd and Polscy Inwestorzy, starting from August 18. The...

Employment and wages growth continues in July – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in July grew by 4.5 percent year-on-year, while the wages grew by 4.9 percent. In month-to-month terms, wages inched down by 0.1 percent, while the employment increased by 0.3 percent.

HICP inflation grows in July – Eurostat

The harmonized index of consumer prices for Poland stood at 1.4 percent year-on-year in July, compared to 1.3 percent in June, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices decreased by 0.2 percent.

Locked content PFR with PLN 290 mln net profit in H1

State-run development fund PFR had a PLN 290 million net profit in H1, according to the fund president Paweł Borys. At the same time, PFR’s assets grew to PLN 5 billion from PLN 1.2 billion a year ago, mostly due to the purchase of Pekao….

Locked content Lotos with PLN 1 bln capex in H2 – CFO

WSE-listed fuel group Lotos plans spend over PLN 1 bln on investments in H2. “The capex for 2017 is some PLN 2 billion which means that over PLN 1 billion may be spent in H2,” company’s CFO Mariusz Machajewski said. This spending should not affect the company’s debt level, barring any major mo...