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.

Bakalland to be taken off bourse

Innova Phoenix and EMP Investments have announced a tender offer to buy 5,183,311 shares in nuts and raisins distributor Bakalland that make up 26.40 percent of all the company’s shares. The group calling on the shares wants to acquire 100 percent in the company’s and withdraw it from th...

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.

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.

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.