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.

PGE’s Bełchatów plant named EU’s worst polluter

Coal-fueled power plant in Bełchatów, owned by Poland’s biggest utility PGE was named the EU’s biggest polluter by the environmental campaigners who compiled a list of 30 biggest polluters in the EU. Bełchatów facility emits over 37 million metric tons of CO2. Second on the list, German plant in Neu...

Jawo in joint venture with Japanese food group

Japaneses food sector giant Ajinomoto plans to create a joint venture company with Polish frozen food producer Jawo, Puls Biznesu reports. The companies have filed a motion for approval to the Polish Office for Competition and Consumer Protection.

Komorowski speaks to Obama

Poland’s President Bronisław Komorowski held a phone conversation with US President Barack Obama on Monday evening to discuss the situation in Ukraine, including the consequences of the Malaysian airliner crash, and the upcoming NATO summit.