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Tusk: I will present Brexit guidelines within 48 hours

After British PM Theresa May announced that she will trigger Article 50 on March 29, which will start the two-year long process of the UK leaving the European Union. European Council President Donald Tusk said that he will present necessary guidelines within the next two following days. “Within 48 h...

Locked content PO closing the gap on PiS – IBRiS poll

According to the latest IBRiS poll, conducted for the Rzeczpospolita daily, the ruling Law and Justice (PiS) party would enjoy 29 percent support (down by 5 percentage points), while CIvic Platform (PO) support reached 27 percent (up by 10 pp). Support for Nowoczesna remained unchanged at 9 percent....

Eurostat: Labor costs up 5.4% in Q4

Nominal hourly labor costs in Poland grew by 5.4 percent year-on-year in the fourth quarter of 2016, the EU’s statistics office Eurostat said in a data release. Wages grew by 5.4 percent and non-wage costs grew by 5 percent.

Locked content Estonian Inbank launches services in Poland

Estonian Inbank has launched its operations in Poland and hopes to give PLN 100 million worth of loans this year. “Poland is a big market, open to new technologies in banking. We see positive trends and big growth dynamic when it comes to consumer loans,” Priit Põldoja, Inbank’s co-founder sai...

Locked content Makarony Polskie to build factory in Egypt?

WSE-listed pasta producer Makarony Polskie is in talks with Egyptian Raya Holding for Technology & Telecommunications regarding potential strategic partnership, the company said in a market filing. The agreement would concern entering the African markets, including building a factory in Egypt. A...
Sapsan - Russian High Speed Train / image: wikipedia

Gowin: We should build the Central Railway Station

According to Deputy PM Jarosław Gowin, Poland should build a Central Railway Station along with the Central Airport. “The Central Airport should be serviced by the railway network as the passengers won’t be able to get there using standard road connections,” Gowin argued. He also added that bo...

Locked content PCC Rokita mulls Romanian acquisition

WSE-listed chemical group PCC Rokita is interested in acquiring Romanian state-owned Oltchim, the Polish company said in a market filing. The group has made the initial feasibility study of the company’s assets, infrastructure and real estate. “In order to undertake the next steps in acquiring...

Locked content Dino sets IPO price

Retail chain Dino priced its initial public share offering at PLN 33.5 apiece, potentially raising PLN 1.6 billion. Dino’s minority stakeholder Polish Sigma Group plans to sell all of its 48 million shares representing 49 percent of the company’s stock. Dino’s founder and owner, To...

Locked content Amrest to speed up international expansion

WSE-listed restaurant operator Amrest plans to accelerate restaurant openings in 2017, mostly in foreign markets, as it sees room for development of KFC and Starbucks in Europe as well as of Tagliatella in Spain, the company said in a market filing. Last year, Amrest opened 146 new restaurants. The ...