Poles go for traditional cinemas

Data from the Central Statistical Office show that the share of multiplex cinemas in the market fell from 58.1 percent in 2012 to 55.2 percent in 2013 (cinemas with eight auditoriums or more). The highest increase of customers was noted in so-called miniplexes (three to seven auditoriums) and the sm...

GDP growth at 3.2% – flash estimate

Poland’s gross domestic product grew by 3.2 percent year-on-year in the second quarter of 2014, according to a flash estimate issued by the Central Statistical Office (GUS) on Thursday. The figure is in line with analysts’ expectations.

Deflation recorded in Poland in July

The consumer price index in Poland dropped to -0.2 percent year-on-year in July, the Central Statistical Office (GUS) said on Wednesday. In month-on-month terms prices also declined by 0.2 percent.

Lotos plans PLN 1 bln share issue

Poland’s second largest oil firm Grupa Lotos has announced plans to carry out a new share issue worth some PLN 1 billion. The transaction could be completed by the end of 2014, the group’s deputy CEO Mariusz Machajewski told the Polish Press Agency.

PZU’s fund buys Tauron’s health care firm

TFI PZU, a fund managed by Poland’s largest insurer PZU, has acquired health care firm Elvita Jaworzno III from power utility Tauron, the selling company said in a press release on Tuesday. The deal value was not disclosed.

Zhirinovsky ‘warns’ Poland and Baltic States

Vladimir Zhirinovsky, member of the Russian Parliament and the leader of the nationalist Liberal-Democratic Party made a statement yesterday warning Poland and the Baltic States about the the threats they face in view on the Russia-Ukraine crisis.

Exports slightly lower than imports in H1

Poland exported goods worth €80.02 billion (PLN 334.7 billion, $110.06 billion) in the first half of 2014, according to data published by the Central Statistical Office (GUS) on Monday. Imports stood at €80.2 billion (PLN 335.46 billion, $110.3 billion).

Tauron and ArcelorMittal agree on joint venture

Tauron power group signed a deal with ArcelorMittal steel conglomerate to create a new entity called JV Tameh Holding. Tauron said in a press release that the new entity will operate power generation assets currently held by both companies.