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Sejm against dismissing interior minister

Poland’s lower house of parliament rejected the second no confidence motion filed by opposition party Law and Justice, this time against Interior Minister Bartłomiej Sienkiewicz. The minister got 235 votes in support, while 213 MPs voted in favor of the motion.

Government survives no confidence vote

Poland’s lower house of parliament rejected a no confidence motion against the government of Prime Minister Donald Tusk during a vote on Friday. Only 155 MPs supported the motion filed by Law and Justice (PiS), while 236 were against it and 60 abstained from the vote.

PGE signs PLN 4 bln contract for Turów plant

Poland’s largest utility PGE has signed a contract worth PLN 3.99 billion gross with Mitsubishi Hitachi Power Systems Europe, Budimex oraz Tecnicas Reunidas for the construction of a new unit in the Turów power plant, the company said in a statement on Thursday.

Polish exports on the rise

Poland exported goods worth PLN 279.1 billion in I-V 2014, according to Central Statical Office data. During the same time, the country imported PLN 278.8 billion worth of goods. The trade surplus was PLN 279 million.

Investment funds with record-high asset value

The value of assets managed by Polish investment funds available to individual investors surpassed zł.200 billion in June, according to data from sector research firm Analizy Online quoted by ISBnews. This is their highest monthly value so far.

Legia tops Poland’s richest football clubs list

For the straight third year, reigning Poland champions, Legia Warszawa has topped the Deloitte ranking for the biggest revenue, raking in PLN 94.9 million in 2013 (up from PLN 66.4 million in 2012). Second club on the list, Lech Poznań had PLN 49.3 million in revenue last year, while Zagłębie Lubin ...

Sejm debates no confidence vote

Poland’s lower house of parliament held a debate on Wednesday regarding the planned vote of no confidence against the government and against Interior Minister Bartłomiej Sienkiewicz. It is already known that both coalition parties will support the government and that left-wing MPs will abstain from ...

PwC: WSE lags behind European stock markets

The Warsaw Stock Exchange hosted only six IPOs in the second quarter of 2014, three on the main market and three on NewConnect. With total IPO value at €89 million, the WSE is behind a stock market revival in Europe, PwC said in the latest edition of its IPO Watch report.