New WSE CEO wants quick decisions on Vienna merger

Paweł Tamborski, who was appointed on Friday as Warsaw Stock Exchange new CEO told reporters that the potential merger with Vienna bourse is one of his priorities. “I would like decisions on the matter to be taken possibly soon,” he stated.

PM has potential successor for Sikorski

Prime Minister Donald Tusk is ready to nominate a new foreign affairs minister if Radosław Sikorski is elected the EU’s top diplomat, government spokesperson Małgorzata Kidawa-Błońska told TVN24 on Friday.

Tamborski approved as Warsaw Stock Exchange CEO

Financial regulator KNF has approved the candidature of Paweł Tamborski for the WSE chairman role. According to a KNF release, extraordinary measures have been taken to make sure that Tamborski meets the qualifications required by the Trading of Financial Instruments Act.

European court rules against Poland in CIA prisons case

The European Court of Human Rights in Strasbourg has announced a judgment regarding Poland’s violation of the European Convention on Human Rights. The judgment concerns allegations that include the incarceration and torture of CIA prisoners on Polish territory.

PKP Cargo enters Lithuanian railroads

Poland’s largest railway freight operator PKP Cargo has obtained regulatory approval for operations in Lithuania, the company said in a press release on Thursday. This will be the eight EU country that the company will be present in.

Unemployment rate at 12%

The registered unemployment rate in Poland stood at 12 percent in June, according to data published by the Central Statistical Office (GUS) on Wednesday. Poland’s Labor Ministry expected the figure to be 12.1 percent.

Orlen with major loss on impairments

Poland’s largest oil company PKN Orlen recorded a net loss of PLN 5.39 billion in the second quarter of 2014, the company said on Wednesday. The result was highly affected by impairments, mostly on the company’s Lithuanian unit Orlen Lietuva.