Locked content UEFA closes Legia’s stadium for Champions League game

UEFA Control, Ethics and Disciplinary Body has decided to close Legia Warsaw’s stadium for the Champions League game against Real Madrid on November 2, following incidents during a previous CL’s game against Borussia Dortmund. UEFA accused Legia of crowd disturbances, setting off firewor...

Locked content ESI for Poland grew by 2 points in IX

The Economic Sentiment Indicator (ESI) for Poland, calculated by the European Commission, grew by 2 points to 101.2 points in August, the EC said on Monday. In industry, the ESI grew to -10.9 points from -13.1 a month ago, in services it declined by -0.2 and amounted to -0.5. The consumer sentiment ...

Locked content PGNiG signs PLN 7 bln contract with Orlen

Natural gas group PGNiG and fuel group PKN Orlen will sign a five year contract for gas deliveries, whose total value could exceed PLN 7 billion, PGNiG announced in a filing. The deal will be valid from October 1 until September 30, 2021 and will terminate a 1997 deal that was to expire at the…...

Locked content Nordea leases nearly 10,000 sqm in Gdynia

Nordea Bank AB in Poland has leased 9,600 sqm of space in the Tensor office building in Gdynia, owned by Euro Styl. The company will move into the Tensor complex in stages. Later this year, the tenant will occupy one floor in building Y, to finally occupy the whole of building Z, which is due…...

Locked content Gov’t approves public debt management framework

The government has approved a strategy to manage public debt in the years 2017-2020. The cabinet expects the debt-to-GDP ratio to grow to 52.3 percent in 2017 and subsequently gradually fall to 49.5 percent in 2020. The strategy also says that the debt servicing cost will amount to 1.56 percent of G...

Locked content Prime Minister dismisses Finance Minister

Prime Minister Beata Szydło announced on Wednesday afternoon that she had dismissed Finance Minister Paweł Szałamacha. He will be replaced by Development Minister Mateusz Morawiecki, who will combine the roles. The change is a move to give Morawiecki oversight of all economic issues. Szydło said it ...

Locked content Skanska lays cornerstone for office scheme in Kraków

Skanska has laid the cornerstone for its third Kraków office project. The ceremony was attended by the representatives of the City Council of Kraków, the project’s architects, as well as academic institutions, and Skanska, the project’s developer and general contractor. High5ive will ultimatel...

Locked content Poland advances in Global Competitiveness Index

Poland has moved up five positions and ranks 36th in the latest edition of the Global Competitiveness Index (GCI) compiled by the World Economic Forum. Switzerland ranks first in this year’s GCI, followed by Singapore and the United States. In the CEE region, Estonia was ranked highest, in 30th spot...