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Loans and deposits grow in H1 2014

The aggregated value of loans granted by the Polish banking sector, including Polish branches of foreign lenders, grew by 4.6 percent year-on-year to PLN 872.89 billion in the first half of 2014, according to data from the Polish Financial Supervision Authority quoted by ISBnews.
Image: Netia

Vectra withdraws from buying stake in Netia

Cable TV operator Vectra has decided to cancel its tender for 33 percent in Poland’s second largest telecommunications firm Netia, the bidder said in a statement on Thursday. The minimum subscriptions threshold has not been achieved, the statement said.
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Poland eyes new shipping route

Poland’s Ministry of Infrastructure is working on a plan to build a shipping route connecting the Vistula Lagoon and the Gdańsk Bay in the Baltic Sea, Puls Biznesu reports. The project is yet to be consulted before final approval
Image : Grupa Azoty Grupa Azoty

Poland lists 22 state-controlled companies ‘not for sale’

Polish State Treasury Ministry listed 22 companies deemed strategic and not for sale. Firms include chemicals Grupa Azoty, oil giants Lotos and Orlen, utilities PGE and Tauron, lender PKO BP and insurer PZU among others. According to the Treasury these companies “are strategic for the economic secur...
Image : InPost

InPost enters Malaysia

Postal services company InPost will install its first parcel lockers in Malaysia, the firm announced on Monday. It has signed cooperation agreements with local courier companies  Skynet and iSIS.
Image : Sylwester Braun "Kris" The Prudential building, Warsaw’s tallest skyscraper and was hit by approximately 1000 artillery shells during the uprising.

Warsaw Uprising commemorated 70 years on

The 70th anniversary of the Warsaw Uprising will include 70 seconds of silence at 17:00 with sirens and church bells sounded across the city. Today, Warsaw remembers the beginning of its ill-fated uprising against Nazi occupation in 1944. Commemorations will include wreath-laying ceremonies and choi...
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Sikorski officially a candidate for top EU diplomat

Prime Minister Donald Tusk has officially named Foreign Affairs Minister Radosław Sikorski as Poland’s candidate for the post of EU high representative for foreign affairs and security policy, according to government sources quoted by the Polish Press Agency.
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PMI drops below neutral level

For the first time in 13 months, the Poland Manufacturing PMI signaled a deterioration of business conditions in July. The index, compiled by HSBC and Markit Economics, declined to 49.4 points compared to 50.3 points in June.