Government adopts early 2018 budget draft. Deficit at PLN 41.5 bln

The Polish government adopted the first draft the next year’s budget. It assumes that the deficit would not exceed PLN 41.5 billion, GDP growth at 3.8 percent, unemployment at 6.4 percent, at 2.7 percent public deficit. “I think it’s a good budget, it’s a budget that promotes growth, a b...

Locked content PE/VC funds investment funds €775 mln last year – report

Private equity and venture capital funds invested € 725 million in 82 companies in 2016, market lobby Polskie Stowarzyszenie Inwestorów Kapitałowych said. Poland was the most popular market in the CEE region, accounting for 45 percent of the region’s investments. Overall, the funds spent €1.6 billio...

GUS: Consumer sentiment grows in September

In September, the consumer confidence indicator (BWUK) increased 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 5.7. Compared to last year, the indicator is up by 9.5 percentage points

Locked content Stoltenberg, Wałęsa involved in 2 separate accidents involving BOR

NATO Secretary General Jens Stoltenberg and former President and Solidarity hero Lech Wałęsa, on Thursday, were involved in two separate accidents involving the Government Protection Bureau convoys. In Warsaw, a police car escorting the BOR convoy carrying Stoltenberg from the airport hit a delivery...

Locked content Hilton Food to build €6m plan in Poland after Tesco deal

UK meat packing firm Hilton Food Group will build a €6 million plant in Poland after signing a five-year supply deal with Tesco for the CEE region. The company will deliver pre-packed meat products to Tesco regional stores, such as soups, pizzas, and ready-meals. The new deal is an extension of a pr...

Locked content Poland asks EU to drop case against Warsaw over EU migrant scheme

The Polish government filed a motion to the European Commission to withdraw its legal proceedings against Warsaw over its migrant relocation quotas, adding that it is ready to go to court if necessary. “Poland has sent a motion to the European Commission requesting it to discontinue its ongoing infr...

Locked content mBank won’t be buying Polish Deutsche Bank assets – Reuters

WSE-listed lender mBank has reportedly withdrawn from running to buy Deutsche Bank’s Polish assets, Reuters reported citing sources close to the situation. BZ WBK and Millennium Bank remain at the negotiation table, with Millennium announcing back in July that it has entered the second phase o...

Locked content Papa John’s to enter Poland

The US pizza chain Papa John’s plans to enter Polish market this year, the restaurant’s franchisee in Russian and Belarus said. The company plans to open 23 restaurants in Poland over the next 3-5 years, with the first scheduled for this year. At the same time, the company plans expansions into Kaza...