Real household income grew by 5.9% in Q3 – NBP

According to the Polish Central Bank (NBP) report, the real household income increased in Q3 last year by 5.9 percent in year-on-year terms. The growth was mostly due to social programs like the Family 500+ program, NBP stated. “The Family 500+ program was responsible for 3.3 percentage point growth...

Locked content EU adopts ETS climate change draft. Lowers cap

A draft reform of Europe’s emissions trading system (ETS) has been adopted by the European Parliament. The cap of 2.4 percent decrease each year in emissions,proposed by the parliament’s environment committee was lowered to 2.2 percent after strong campaigning from Polish MEPs. The cap-and-tra...

Locked content Żywiec with PLN 272.6 mln profit in 2016

WSE-listed, Polish unit of Heineken, Żywiec suffered a 8.6 percent year-on-year decrease in net profit to PLN 276.million. Revenues declined by 23.6 percent y/y to PLN 2.39 billion due to the sale of distribution unit Distribev, the company said in a market filing. According to Żywiec CEO Guillaume ...

MPC to keep wait-and-see stance till end-2017

Poland’s Monetary Policy Council (RPP) will likely keep its wait-and-see approach until the end of the year, rate-setter Grażyna Ancyparowicz said, adding that hikes are a possibility afterwards.

Image : consilium.europa.eu Jean-Claude Juncker

EU approves CETA deal

European Parliament voted in favor of the landmark free trade deal CETA, between the EU and Canada with 408 votes for, 254 against and 33 abstentions.

Locked content Poland drops in Economic Freedom ranking

Poland has dropped six spots to 45 in the latest Economic Freedom Index compiled annually by the Heritage Foundation. In this year;s edition, Warsaw scored 68.3 points, one less than a year ago, posting better scores in the labor market section (increase of 3.5 points), fiscal health (0.6) and gover...

Locked content Asseco buys Stone River for $102 mln

WSE-listed IT giant Asseco’ Israeli unit Sapiens acquired US company Stone River for $102 million. Stone River specializes in solutions for the insurance sector and has 200 clients in the US. Stone River sported an estimated $80 mln in revenues in 2016. The transaction is expected to boost Sap...

Locked content Ryanair to launch charter operations in Poland

Irish low-cost airline, Ryanair, plans to start passenger charter operations in Poland as soon as in 2018, company’s CEO Michael O’Leary said. The airline is interested in such activity because of high demand from Polish tour operators. “We need to save Polish holiday makers from the cur...

Locked content Modlin airport to start expansion this year

Regional airport Warsaw Modlin might start expansion works even this year, company’s acting president Leszek Chorzewski said. “We’re looking at several options regarding financing and could start work even this year.” The airport which can service 3 million passengers per year will reach...

Locked content PGG will need PLN 3 bln investments – energy minister

After merging KHW with Polska Grupa Górnicza (PGG), within two years, the new giant will need some PLN 3 billion for investments, energy minister Krzysztof Tchórzewski said. “Our discussions lead to a conclusion that such company would need investments exceeding PLN 3 billion. It’s a big chall...