Locked content POPiHN: the number of gas stations inches down in Q2

According to sector lobby organization POPiHN, Poland had 6,514 gas station at end-Q1, which is 22 less than at the end of Q1. According to data, 33.8 percent of the facilities is controlled by Polish companies, 26.5 percent is owned by independent operators, while 22.2 percent is run by foreign ent...

Locked content Poland spent PLN 29.7 bln on Family 500+ so far

Poland paid out PLN 29.7 billion under the Family 500+ program so far, Minister of Family, Labor and Social Policy, Elżbieta Rafalska said. In 2017, the program has cost the government PLN 12.1 billion so far, and according to its estimates, it will spend PLN 24.5 billion on it this year. The Family...

Locked content WB Electronics in talks with potential investor

Arms producer WB Electronics shareholders have begun talks with a potential financial investor, the company said. “The potential changes in the company’s shareholding structure are seen in line with the interests of the company and its shareholders, and could result obtaining additional funding from...

Locked content Syginty reaches deal with creditors

WSE-listed IT group Sygnity said that it has struck preliminary terms with creditors for three months of emergency financing during which both sides will negotiate long-term debt restructuring plan, the company said. According to Sygnity, the deal is non-binding, and its details should be announced ...

Locked content Energa sues Mostostal for PLN 106 mln

WSE-listed, state-owned utility Energa, through its subsidiary Energa Kogeneracja has filed a lawsuit against WSE-listed builder Mostostal Warszawa. Energa is seeking PLN 106.4 million in damages as it claims that the biomass block with 20 MWe capacity build by Mostostal failed to reach technologica...

Locked content EU with ‘wait and see’ approach regarding Polish judicial reforms

The European Commission did not comment on President’s Andrzej Duda decision to veto two bills aimed at overhauling Polish Supreme Court and the National Council of Judiciary (KRS). “The Commission is following the events and the situation in Poland very closely. All developments and all the changes...
Image : andrzejduda.pl

President vetoes controversial judiciary reforms

In a surprise move, President Andrzej Duda announced that he will veto controversial laws on the Supreme Court and the National Council of Judiciary (KRS). “As president I don’t feel this law would strengthen a sense of justice. These laws must be amended,” he said.

Locked content Grid infrastructure outdated but safe – energy ministry

Poland’s energy grid infrastructure is advanced in age. Many elements have exceeded 40 years, but the system is secure, according to the deputy minister of energy Andrzej. He added that 70 percent of the grid has been built more than a quarter of a century ago and was not replaced or upgraded ...

Locked content Sygnity creditors terminate loan agreements

WSE-listed IT firm Sygnity had its loan agreements terminated by lenders Deutsche Bank and ING Bank Śląski due to firm’s worsening financial and economic condition and breach of credit agreements, the company reported in a market filing. Sygnity owns Deutsche Bank PLN 14.9 million, and PLN 31....

Locked content TenderHut plans IPO for 2019

IT company TenderHut plans to debut on the WSE in the spring of 2019, the company said in a statement. The company first plans to issue bonds, followed by the share issue. “”hanks to the capital raised from the stock exchange, TenderHut’s management wants to increase the scale of growth ...