Image : InPost

InPost to take over market peer

Poland’s biggest privately-owned postal operator InPost is taking over number two in the sector, Polska Grupa Pocztowa (PGP), InPost CEO Rafał Brzoska told Dziennik Gazeta Prawna.
Image : Kompania Węglowa

KW agrees framework restructuring plan

Poland’s largest mining group Kompania Węglowa (KW), which is experiencing financial difficulties, said on Thursday that it has prepared the framework of its 2014-2020 restructuring plan. The main goals are to rebuild own capital by 2016 and to increase efficiency in 2017-2020.
Image : premier.gov.ru

Russia reveals scope of import ban

Following a decision by the country’s president, Russia’s Prime Minister Dmitry Medvedev has signed a government regulation defining the scope of the embargo on food products from countries that have imposed sanctions on Russia, news agency Interfax reports.
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Labor Ministry: Unemployment down to 11.9%

Poland’s registered unemployment rate declined by 0.1 percentage point to 11.9 percent in July, according to an estimate issued by the Ministry of Labor and Social Policy on Wednesday. Compared to July 2013, the jobless rates declined by 1.2 points.
Image : Maciej Śmiarowski/KPRM Donald Tusk

Tusk warns about Russian intervention into Ukraine

Polish Prime Minister Donald Tusk said at the press conference that he has information indicating that the threat of a “direct intervention” by Russia into Ukraine “is growing.” “The threat of a direct intervention by Russia into Ukraine is greater than it was a few days or a couple of weeks ago,” T...
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Prosecutors launch probe into tapped conversation

The prosecutor’s office has launched an investigation regarding the tapped conversation between National Bank of Poland President Marek Belka and Interior Minister Bartłomiej Sienkiewicz, according to a statement made by Przemysław Nowak, spokesperson for the Warsaw prosecution.
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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.