Locked content PAIH: exports to Iran increased fivefold since embargo ended

After trade sanctions against Iran were lifted last year, the value of Polish exports increased fivefold, while imports grew six times, Tomasz Pisula, president of the Polish Investment and Trade Agency (PAIH) said. According to the Central Statistical Office (GUS) data, in 2015, Poland exported goo...
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World Bank praises Poland’s economic growth

According to the report on Poland, published by the World Bank, Polish economy has accomplished great things over the last twenty-something years. World Bank praised Poland for continuous growth since the fall of communism, averaging 4 percent average GDP growth per annum and moving from middle to h...

Locked content Rafako profit down

WSE-listed heavy machinery producer Rafako had PLN 10.51 million consolidated net profit in 2016, down from PLN 34.07 million in 2015. EBIT was at PLN 24.7 million (down from PLN 40.72 million), while revenue from sales amounted to PLN 1.87 billion, up from PLN 1.55 billion in 2015. Rafako will “wor...

Locked content Poland advances in the World Happiness Report

Poland has advanced by 11 positions in the latest World Happiness Report published by the UN. Warsaw took the 46th place, up from last year’s 57th. Norway took the first spot, overtaking Denmark, Iceland and Switzerland. Poland is ahead of such countries as Italy (48th place) or Japan (51st). ...

Locked content EBRD considers buying 5-10% of Dino shares in the upcoming IPO

The European Bank for Reconstruction and Development (EBRD) may buy a 5-10 percent stake in retailer Dino in the ongoing IPO, company wrote in its prospectus. “Dino has obliged to make every effort to ensure that the share of the EBRD to be acquired in the offer amount to no less than 7.5 percent an...

Locked content Macierewicz accuses Tusk of diplomatic treason

Poland’s defense minister Antoni Macierewicz filed a motion with the prosecutor’s office accusing the European Council President Donald Tusk of “abuse of trust in foreign relations.” Charges stem from the 2010 Smoleńsk plane crash, which took lives of President Lech Kaczyński and 95 othe...

Locked content Work Service with several foreign acquisitions on the horizon

Exact Systems, a subsidiary of WSE-listed Work Service has signed term sheet addendum regarding acquiring shares in outsourcing companies in France, Romania, Morocco and Turkey, the company said in a market filing.The preliminary takeover deals are expected to be signed by May 31. Exact plans to buy...

Locked content Government gives greenlights the Sunday trade bill

Poland’s cabinet approved the draft bill aimed to limit trade on Sundays. However, the cabinet recommends a number of changes including potential penalties and gradual implementation of the new rules. “That would enable analysis of social and economic effects of the new solutions on a running ...

Enterprises financial results up by 21.3% – GUS

According to Poland’s Central Statistical Office (GUS), non-financial enterprises in Poland had PLN 111.06 billion combined net financial results in 2016, up by 21.3 percent y/y. Investment spending was down by 13.2 percent to PLN 120.8 billion.

Locked content Energa to get PLN 3.2 bln from EIB

Energa Operator, a subsidiary of state-owned WSE-listed power utility Energa might get over PLN 3.2 billion financing from the European Investment Bank, the ministry of development said. The funds would be spent on modernizing and expansion of distribution grid. EIB has financed 11 investment projec...