Locked content Mabion to issue shares abroad, altering strategy

Biotech company Mabion will issue 5 million shares in a public offering carried out abroad, according to draft resolutions made during its shareholder meeting on Tuesday, the company said in a press statement. However, it wasn’t specific on the issuing location. “The shares will be issued in a publi...

Locked content More funding coming for NCBR for innovative projects – Gowin

The National Research and Development Agency of Poland (the NCBiR), an executive agency of the Ministry of Science, will allot more than PLN 5 billion on innovative projects in 2017, according to Minister of Science Jaroslaw Gowin. He was speaking to reporters at a press briefing. “I want to emphasi...

Locked content Retail sales slow in December – GUS

Poland’s Central Statistical Office (GUS) released its latest figures for retail sales and also for industrial production on Thursday. It stated that retail sales had grown, y/y, by 6.4 percent in December (2016), which was a decrease in comparison with November, when they had grown at a pace of 6.6...

Locked content Taxi drivers continue to press gov’t for tighter industry regula...

On Wednesday, Jerzy Szmit, the Deputy Minister of Poland’s Ministry of Infrastructure and Development, received a petition asking the government to increase regulation, so as to make the market fairer for all operators, according to reporters outside of the Ministry. A representative for the transpo...

Locked content Moody’s predicts higher GDP growth, inflation for 2017

The international credit rating agency Moody’s may not have upgraded its rating for Poland this week, as many had hoped, but it did release some relatively optimistic predictions for the country’s economy for 2017. According to a report released to the press on Wednesday, Moody’s maintained its fore...

Locked content IMF expects Poland’s GDP to grow at 3.3% in 2017

The International Monetary Fund has stated that it believes Poland’s GDP will grow at an average of 3.3 percent this coming year, according to a report the organization released earlier this week. According to many, this would be viewed as an improvement on the 2.5 percent growth experienced in 2016...

Morawiecki speaks about mortgage loan refinancing plans

Poland’s Minister of Finance and Development Mateusz Morawiecki, said on Saturday that he had hope that private banks would agree with the Financial Stability Committee’s (the KSF) recommendation. On Friday, KSF representatives had met with the Deputy Minister of Finance, Leszek Skiba, to discuss th...

Locked content Five perish in fire near Poznań

A fire in a multi-family home in the village of Ryczywół, just north of Poznań, killed a mother and four of her adult sons early Saturday morning, while another person escaped injury by jumping out of a window. Fire brigade Captain Dariusz Szrama told TVN 24 television news that the fire had started...

Latest credit ratings for Poland stable – Fitch, Moody’s

Credit rating agency Fitch announced in a press release on Friday that it had maintained the same rating for Poland – that of “A negative” or A– , which is believed to be an indication that the agency views the country’s banking system as healthy and its macroeconomic situation as stable – for now. ...