Poles to spend PLN 30 bln during winter season

Poles will spend PLN 29.9 billion on Christmas, New Year’s Eve and on vacation during the winter break, some 7 percent more than in the 2013/2014 season, according to consultancy KPMG. The sum corresponds to an average spending of PLN 1,031 per household, versus PLN 979 last year.

Poland to produce shale gas in 5-10 years – expert

Paweł Poprawa, energy expert from the Energy Studies Institute, said in an interview with the Polish Press Agency that because of the slow progress in shale gas exploration in the country, Poland still has to wait 5-10 years to produce its own shale gas.

Maspex buys Agros Nova assets

Major Polish food processing group Maspex has signed a prelimary agreement with PE fund IK Investment Partners on the acquisition of selected assets in Agros Nova, Maspex said in a press release on Friday. Financial terms were not disclosed.

Locked content Lokum Deweloper plans IPO in H2 2015

Wrocław-based residential property development firm Lokum Deweloper would like to debut on the main market of the Warsaw Stock Exchange in the second half of 2015, the company’s CEO Bartosz Kuźniar was quoted as saying by ISBnews. “We have started preparing for a debut on the main market of the Wars...

KGHM in talks with rival over mining permit dispute

Copper and silver mining giant KGHM has talked to Canadian-owned Miedzi Copper about two mining concessions, which are subject to a legal dispute between the companies, the Polish firm’s spokesperson was quoted as saying by Reuters.

Industrial output inches up by 0.3% y/y

Poland’s sold industrial production grew by 0.3 percent year-on-year in November, the Central Statistical Office (GUS) said in a data release on Wednesday. In month-on-month terms output fell by 7.5 percent.