Locked content PK Orlen makes new management announcement

The supervisory board of Orlen Upstream, a subsidiary of PKN Orlen, has appointed to Janusz Radomski to its board, the company said in a press statement on Friday. Janusz Radomski has almost 10 years of management experience in the energy and gas sector, and prior to that he worked in state administ...

Locked content UniCredit announces re-issuing of shares for mid-January

The WSE has suspended trading of shares in UniCredit, according to a press release by the latter on Friday. The investment and corporate bank, which also issues leases, requested that the Stock Exchange issue the suspension, as it said it planned to merge stock. UniCredit earlier said that the WSE b...

Locked content Inflation still low – GUS

The Central Statistical Office of Poland (GUS) stated in a press release on Friday that consumer inflation was 0.8 percent, in annual terms, in December. This was a slight increase over the previous month, as the rate was 0.0 percent in November. Compared to the previous month, the prices of goods a...
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Polish president signs budget

The Chancellor’s office of the President confirmed on Friday that President Andrzej Duda signed the budget for 2017, in spite of the PLN 59 billion budget deficit forecast. Marek Magierowski, the spokesperson for the office, said that Duda had said that there were no formal obstacles presenting him ...

Locked content Budget protests a result of ‘infighting’ – Karczewski

The Speaker of the Polish Senate, Stanisław Karczewski, told the television station TRWAM on Thursday that opposition protests over the passing of the state budget lacked legitimacy and were the result of “fighting between who should be the leader.” Karczewski, who sides with the ruling regime, Law ...

Locked content Kraków getting new low emissions buses

Special buses, manufactured to comply with European standards for emissions, were delivered to the city of Kraków on Thursday, according to the president of the Municipal Transportation Company of Kraków (the MPK), Rafał Świerczyński. “Of course, [they are] low floor buses, which facilitate use by d...

Locked content Euro zone, Polish growth strong late in 2016

Industries across the euro zone increased their output in November, according to a Reuters report on Thursday. Germany ended the year with its strongest growth in five years, data showed on Thursday, pointing to an economic spurt that may be arriving earlier than some ECB policymakers expect. Euro z...

Locked content Polish factory car production up

Poland’s car manufacturers produced their most lucrative December in over six years, according to the Automotive Market Research Institute Samar. What’s more, production for all of 2016 increased substantially as well. “Total production in 2016 amounted to 660,642 automobiles, about 2.84 percent mor...