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.

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.

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.

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.

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.

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

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...

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.