MPC to keep wait-and-see stance till end-2017

Poland’s Monetary Policy Council (RPP) will likely keep its wait-and-see approach until the end of the year, rate-setter Grażyna Ancyparowicz said, adding that hikes are a possibility afterwards.

EU approves CETA deal

European Parliament voted in favor of the landmark free trade deal CETA, between the EU and Canada with 408 votes for, 254 against and 33 abstentions.

Locked content Poland drops in Economic Freedom ranking

Poland has dropped six spots to 45 in the latest Economic Freedom Index compiled annually by the Heritage Foundation. In this year;s edition, Warsaw scored 68.3 points, one less than a year ago, posting better scores in the labor market section (increase of 3.5 points), fiscal health (0.6) and gover...

Locked content Asseco buys Stone River for $102 mln

WSE-listed IT giant Asseco’ Israeli unit Sapiens acquired US company Stone River for $102 million. Stone River specializes in solutions for the insurance sector and has 200 clients in the US. Stone River sported an estimated $80 mln in revenues in 2016. The transaction is expected to boost Sap...

Locked content Ryanair to launch charter operations in Poland

Irish low-cost airline, Ryanair, plans to start passenger charter operations in Poland as soon as in 2018, company’s CEO Michael O’Leary said. The airline is interested in such activity because of high demand from Polish tour operators. “We need to save Polish holiday makers from the cur...

Locked content Modlin airport to start expansion this year

Regional airport Warsaw Modlin might start expansion works even this year, company’s acting president Leszek Chorzewski said. “We’re looking at several options regarding financing and could start work even this year.” The airport which can service 3 million passengers per year will reach...

Locked content PGG will need PLN 3 bln investments – energy minister

After merging KHW with Polska Grupa Górnicza (PGG), within two years, the new giant will need some PLN 3 billion for investments, energy minister Krzysztof Tchórzewski said. “Our discussions lead to a conclusion that such company would need investments exceeding PLN 3 billion. It’s a big chall...

Locked content Poland to repolonize energy sector – Morawiecki

Poland will be looking for opportunities to repolonize the energy sector, deputy PM Mateusz Morawiecki said to Onet.pl ”I think this sector will be partially re-polonized,” he said, explaining that the treasury is looking for good opportunities for takeovers. The state already controls several bigge...

Locked content WSE suspends Westa ISIC and JJ Auto trading

Warsaw Stock Exchange has suspended the trading of Westa ISIC and JJ Auto shares for failing to provide the financial statements for 2014/15 fiscal period. The trading will be resumed if the companies provide the necessary reports. Westa is an Ukrainian car battery producer, while JJ Auto is a Chine...

Locked content Bank Handlowy with PLN 130 mln net profit in Q4

WSE-listed Polish unit of Citigroup, Bank Handlowy had PLN 130.3 million net profit (10.2 percent y/y growth), beating slightly the PLN 127.8 million consensus, according to lender’s preliminary financial report. Considerable cost cutting and below expectation loan loss provisioning helped Han...