Locked content EU criticizes Polish judiciary reforms

Leaders of two major European Parliament groups Guy Verhofstadt (Alde) and Manfred Weber (EPP) urged the EU and the European Commission to act. “By changing the law, Law and Justice (PiS) is turning its back for good on the independence of the judiciary. A red line was crossed yesterday. With this v...

Locked content PSE to spend PLN 6 bln on investments in 2017-2021

State-owned power grid operator PSE will spend nearly PLN 6 billion between 2017-2021 to upgrade the existing infrastructure and build a new one, the company said. “The company has implemented a new investment model that will optimize the flow of investment processes and ensure their full transparen...

Locked content Budimex with PLN 125.68 mln deal

WSE-listed construction group Budimex signed a PLN 125.68 million net contract to build a 55 MW gas-fired power unit for Tameh Polska. Tameh is a joint venture company formed by state-owned power group Tauron and steel giant ArcelorMittal. The block is scheduled to be completed by August, 2019…...

GUS: Trade turnover at PLN 3.86 bln at end-May

In the first five months of 2017, Polish exports amounted to PLN 350.72 billion, while imports amounted to PLN 346.86 billion. Trade turnover reached PLN 3.86 billion. In comparison to the corresponding period of 2016, exports increased by 6.7 percent and imports by 9.8 percent, data from PolandR...

Fitch: GDP growth in 2020-21 to reach 3.2%

According to the latest long-term forecasts by Fitch rating agency, Poland will have 3.2 percent GDP growth in 2020 and 2021, which would be on the same level as GDP growth predicted for 2018 and 2019. For this year, Fitch expects Polish economy to increase by 3.3 percent.

Locked content Poland to increase gas export capacity to Ukraine

State-owned gas infrastructure operator Gaz-System and Ukrainian Ukrtransgas will increase their transit capacity to Ukraine starting from September 1, the company said. The final offered capacity will be determined in accordance with the timeline resulting from the auction calendar. The Gaz-System’...

Locked content Chopin airport with 7 mln passengers in H1

Warsaw Airport Chopin serviced nearly 7 million passengers in the first half of 2017, which is 25 percent more y/y. In June alone, the airport had 1.52 million passengers, a 20 percent y/y increase. “The number of passengers traveling on domestic flights between January-June exceeded 1 million and w...

Locked content KGHM expects positive financial flows from Sierra Gorda in 2-3 years

WSE-listed copper and silver giant KGHM expects that its Chilean Sierra Gorda mine will be generating positive financial flows within the next 2-3 years, company’s CEO Radosław Domagalski-Łabędzki said. The CEO assured that the development abroad would remain an element of the company’s strate...