Andrea Mitchell apologized for error on WWII history

American journalist Andrea Mitchell apologized for her words that a World War II uprising by Jews in the Warsaw ghetto was against “the Polish and Nazi regime.” Mitchell made a mistake during her interview with US Vice-President Mike Pence at a conference in Warsaw.

Locked content UTK: freight train average delay extends to almost 12 hours

The average delay time of freight trains in Q4 grew to 11.8 hours from 11.2 hours in Q3, Railway Transport Office (UTK) said on Thursday. According to UTK, in Q4 punctuality of rail freight transport decreased to 33.43 percent from 34.35 percent a quarter earlier. The trains delayed above 120 minute...

Locked content Movie Games: Plane Mechanic Simulator debuted on STEAM

The game Plane Mechanic Simulator from Movie Games on Wednesday debuted on STEAM platform and hit the fifth place of the Global Bestseller List. Plane Mechanic Simulator brings to England from 1940, when the RAF (British Air Force) was preparing to repel an attack from the German Luftwaffe. The play...

Locked content Unified Factory ends 2018 with net loss of PLN 15.97 mln

Software developer Unified Factory in restructuring recorded PLN 15.97 million of net loss attributable to shareholders in 2018 compared to a profit of PLN 6.1 million a year earlier. Revenue fell to PLN 11.57 million from PLN 26.69 million y/y. The revenue decline followed a sharp sales decrease in...

Locked content Węglokoks cuts 2018 coal export to 1.3 mln tons

Węglokoks decreased coal exports to 1.3 million tons in 2018 from 2.7 million tons in 2017 and 4 million tons in a year earlier.  In 2018, total coal turnover (exports, imports, domestic sales) amounted to 3.8 million tons. Only 25 percent of turnover came from coal export compared to 75 percent in ...

Locked content UniCredit issues bonds for €1 bln

Italian lender UniCredit issued subordinated Tier2  bonds for €1 billion mature in 10 years. The order books amounted to about  €2 billion and came mainly from France (40 percent), Italy (28 percent), Great Britain and Ireland (11 percent), followed by Germany and Austria (8 percent). The bonds are ...

Locked content Saudi Arabia introduces embargo on beef from Poland

Saudi Arabia decided to introduce a temporary import ban on beef and beef products from Poland after a report on illegal slaughter of sick cows in January. Vice President of the Polish Beef Association Jacek Pisula said the embargo may hit the reputation of Polish producers.  “Checks carried o...

Locked content Bank Handlowy targets ROE at 12% by 2021

WSE-listed lender Bank Handlowy plans to reach ROE of 12 percent by 2021. “We want ROE to be above 10 percent in each year of the strategy, but in 2021 it should be 12 percent,” CEO Sławomir Sikora said at a conference. He added that customer revenue is expected to grow by an average of ...

Locked content GDP growth is expected at above 4% in Q1 – MPiT

Analysts from the Ministry of Enterprise and Technology (MPiT) estimated that GDP growth will exceed 4 percent in Q1. Central Statistical Office (GUS) said on Thursday in Q4 GDP rose by 4.9 percent y/y against a growth of 5.1 percent y/y in Q3. “According to MPiT, high investment dynamics in Q...