Locked content Gas deliveries through Yamal pipeline resumed

The reverse-flow deliveries of Russian gas to Poland resumed on Friday, after a two-day suspension due to concerns over the gas quality. “From this afternoon on, the quality of natural gas that enters the gas transportation system of Poland corresponds to that foreseen in the contract,” Gazprom said...

Locked content Nordic Development with IPO plans

Real estate developer Nordic Development plans IPO on the small-cap, alternative NewConnect market this year, the company said in a market filing. The company doesn’t plan any new share issues coinciding with the IPO, according to company’s CEO Piotr Rybojad. “We want to be listed to inc...

Locked content NIK criticizes the Polish Space Agency

Poland’s Supreme Audit Office (NIK) has negatively assessed the Polish Space Agency. “Expenses exceeded the allotted plan, airplane tickets were purchased without proper procedures, and the work of external experts ordered by the Agency was not properly assessed and verified,” NIK head Krzyszt...

Locked content Trump visit to Poland details revealed

US President Donald Trump will give a public speech during his stay in Warsaw on pl. Krasińskich in front of the monument honoring the Warsaw Uprising. According to Polish officials, Trump personally selected this venue. “It is a great honor for us to have President Trump choose a place that is asso...

GUS: Consumer sentiment at the highest-recorded levels

In June, the consumer confidence indicator (BWUK) grew by 1.7 percentage points compared with last month, according to a report by Central Statistical Office (GUS). Now it stands at the level of 4.8. This is the highest result in the indicator’s history. In year-on-year terms, this month resul...

Echo Investment sells EPP shares for €49 mln

WSE-listed real estate group Echo Investment sold 40 million shares of its subsidiary Echo Polska Properties for €49 million. EPP is minority-owned by Echo, the majority (75 percent) is controlled by South African REIT Redefine, which allowed for the transaction to go through as it had the lock up r...

Locked content Polish army helicopter crashes in Italy. No casualties

A Polish PZL W3 Sokół military helicopter with six people on board crashed in northern Italy, near Udine. No one was seriously injured. The machine was flying as part of military exercises. It had five Polish and one French soldier on board. Few dozen kilometers after the take-off a fire started on ...

Locked content Poles trust Duda the most

According to the latest poll by CBOS, President Andrzej Duda is the politician who Poles trust the most. As many as 62 percent Poles trust him, followed by PM Beata Szydło (56 percent) and Paweł Kukiz (50 percent). Only 27 percent of respondents said that they do not trust the Polish president. On t...

Locked content PKP PLK plans PLN 6 bln in new tenders till end-2017

State-owned rail infrastructure operator PKP PLK plans to spend PLN 6 billion in construction tenders till the end of this year. Although its final value will depend on the European Commission decision regarding the Connecting Europe Facility scheme, which will decide on fund allocation. Depending o...