Locked content Court orders Russia to pay building fees

A district court in Warsaw issued a declaration on Wednesday stating that Russia owes Poland PLN 7.8 million for using a building without having a valid contract to do so, a report on Radio Poland said. “The Russian Federation, which was aware of the date of the hearing, did not attend and did not t...

Locked content Siemens plans to take its healthcare business public

Shares in Siemens hit a 16-year high on Thursday, as the company revealed it would seek shareholders for its healthcare business, it was reported in the German press. Shares were listed at €109.40 in afternoon trading on Germany’s blue-chip index, an increase of over 4 percent day-on-day. Healthcare...

Locked content Markets bounce back after initial election scare

After a rocky day of trading following the results of the US election, the Dow Jones was up 1.4 percentage points in early-morning trading on Thursday. Also, the dollar had gained in strength, rising to nearly 92 cents against the Euro. According to Reuters Business News, gains in morning trading on...

Locked content Poland and Russia come to an agreement on transport permits

According to a report in Rzeczpospolita on Thursday, Russia and Poland have come to an agreement on the number of permits to be granted to carriers transiting through each other’s respective countries. A total of 190,000 new permits will be given in 2017, with Poland receiving 142,000, the report st...

Locked content Number of consumer bankruptcies soars – report

According to analysis from the Centre for Economic Information released on Thursday, the number of consumer bankruptcies declared in Poland in October 2016 increased to 511, from a total of two in January of 2015. Meanwhile, there were 3,591 insolvencies over the same period in 2016, and increase of...

Morawiecki in London to drum up business

Polish Deputy Premier Mateusz Morawiecki was in London once again on Wednesday, where he met with finance, technology and insurance sector entrepreneurs in an attempt to woo companies to Poland post-Brexit, according to the Polish press. The meeting was attended by approximately 20 representatives w...

Locked content Assets and loans up, profits down for BNP Paribas

Loans and household advances issued by the bank BGŻ BNP Paribas grew by 2.7 percent, y/y, the company stated. During the period January to October of 2016, there were 927,390 more loans to individual entrepreneurs and farmers than during the same time period in 2015. Approximately 42 percent of hous...

Locked content Vistula profits up

One of Poland’s leading men’s apparel companies reported on Thursday that its Q3 consolidated net profits had increased to PLN 4.1 million. During the quarter, sales revenues reached PLN 136.65 million, an increase of 13 percent y/y. Revenues for the first nine months of 2016, meanwhile, were 18 per...

Locked content Polski Bus looking to increase competitiveness

Due, in part, to an inability to attract as many customers as was hoped, Polski Bus announced this week that it would aim to become more competitive, according to a report in Gazeta Wyborcza. During the time the passenger bus service has operated in Poland, rail ridership on Polski Bus’s competitor ...