Locked content PM Szydło opens Hannover Messe

PM Beata Szydło, as an honorary guest of the Hannover Messe industrial fair, welcomed the guest and promoted Polish entrepreneurship. “ We would like to show you Poland, as a country which actively builds its competitive edge with help of new technologies. A young, brave Poland. Poland which is chan...

Locked content Head of Smoleńsk commission resigns after Caracal controversy

The head of the Smoleńsk commission Wacław Berczyński resigned from his post, after he gave an interview in which he boasted about his involvement in canceling the helicopter tender in which Airbus Caracal machines were chosen. Berczyński said that due to “personal reasons” he will be unable to trav...

Locked content US Ambassador on Smoleńsk: ‘We gave everything we had’

US ambassador to Poland Paul W. Jones said that the US already handed all the information it had regarding the Smoleńsk plane catastrophe. “The United States did everything we can to provide assistance and information, which was fairly limited. But we contributed to the original investigation and we...

Locked content Acclaimed sculptor Abakanowicz passes away

Magdalena Abakanowicz, famous for her brooding forms sculptor passed away at age 86. She died after a long illness, her husband, Jan Kosmowski, said. Abakanowicz, who once described her sculpture as “a search for organic mysteries,” first attracted critical attention in the 1960s with free-standing ...

GUS revises 2016 GDP to 2.7%

Poland’s Central Statistical Office GUS revised its 2016 GDP results to 2.7 percent from the previous 2.8 percent result. In Q4 2016, GDP growth amounted to 2.5 percent, down from the previous 2.7 percent figure. Then revision comes from the further data from the government and local governmen...

S&P affirms Poland’s rating

Rating agency Standard & Poor’s affirmed Poland’s BBB+/A-2 with a stable outlook. According to S&P Poland has a positive outlook when it comes to its flexible exchange rate regime and NBP’s independent and credible monetary policy, which offsets the risks arising from gover...

Morawiecki: Q1 GDP slightly below 4%

According to Deputy PM, Mateusz Morawiecki, Polish GDP for Q1 should easily exceed projected 3.5 percent and be slightly below 4 percent threshold. “I think we’re moving in the right direction, all economic indicators are better than we’ve expected,” Morawiecki said in an interview with ...

Locked content Factoring firms with 21% PLN 41.4 bln turnover in Q1

Polish factoring firms enjoyed a 21 percent increase of turnover to PLN 41.1 billion in Q1, factoring lobby PZF announced. “The Polish factoring market has been increasingly growing for eight years now. Our strength is our efficiency in solving disputes, which in turn increases companies financial l...

Locked content Play mulling IPO

Telecom operator P4, which owns Play, said that it considers IPO plans in a statement send to the Luxembourg Stock Exchange. “After 10 years of developing Play into a leading Polish mobile operator, the shareholders and management of Play are reviewing the best options to set the company up for its ...