Locked content Biedronka increases sales by 9.5% in 2014

Biedronka, a chain of discount supermarkets, incremented its sales by 9.5 percent to €8.43 billion in 2014. In Q4, the hike reached 8.7 percent in euro and 9.4 percent in PLN, informed Jeronimo Martins, the chain’s owner. Like for like (similar type of stores) sales declined by 0.8% in 2014. L...

Locked content Romet to produce electric cars

Romet, a Polish company, which specializes in the production of bicycles and scooters, is starting the sale of electric cars. Romet 4 will be sold in March for PLN 23,000. People as young as 14 will be eligible to drive it, as the AM category driving license is required, the same type needed for qua...

Locked content Ministry of the Treasury to analyze Universal Energy offer

The Ministry of the Treasury expressed its interest in the offer made by Universal Energy to acquire three out of four mines destined for closure. “We are interested in the offer and we will analyze it thoroughly,” said Włodzimierz Karpiński, head of the Ministry, during an interview with a Polish n...

Locked content Korona bolsters operations in USA

Korona Candles S.A., the biggest producer of candles and a supplier of own brands for IKEA or Wal-Mart, among others, plans to invest $21 million between 2013 and 2020 to expand its operations in the United States. Korona acquired a closed vehicle components factory last year. After eight months of ...

Locked content Komorowski leads in election poll

Bronislaw Komorowski, the current head of the state, would win a presidential election in the first voting round, if the election was held on January 18, according to the poll conducted by Millward Brown. Andrzej Duda, a Law and Justice (PiS) candidate, would garner 21 percent of votes, followed by ...

Locked content Kopex prolongs deal with KGHM

Kopex PBSZ S.A, a shaft sinking company, has prolonged a deal with KGHM Polska Miedź S.A for drift mining in 2015-2020. The estimated value of the contract amounts to PLN 427.5 million. “The value of works until the end of 2014 totaled PLN 230.5 million,” the board of Kopex informed. Kop...

Locked content Poland evacuates nearly 180 ethnic Poles from Ukraine

The Ministry of Foreign Affairs finalized the evacuation of nearly 180 ethnic Poles from the war-stricken Donbass region in Ukraine. Initially there were 205 people waiting to be evacuated, but several of them refused to leave in the last moment. Families with children dominate the evacuated group. ...