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Bears outweigh bulls on WSE

The share of bullish investors on the Warsaw Stock Exchange has decreased by 6 percentage points m/m to 37.9 percent, while the share of investors expecting a falling trend over the next six months rose by 1.4 pp m/m to 44.4 percent, according to the investor sentiment index (INI). It is the first I...
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Gaz-System to invest PLN 11.5 bln in gas infrastructure by 2022

Natural gas operator Gaz-System will spend a total of PLN 11.5 billion by 2022 on expanding its gas infrastructure, the firm’s CEO Tomasz Stępień said. The investment includes PLN 4.2 billion earmarked for the Baltic Pipe program of connecting the Polish gas network to the Norwegian continental shel...
Image: P. Tracz/KPRM

Poland to develop transport connections with China – PM Szydło

Transport is an area of cooperation between Poland, Central and Eastern Europe and China that has some of the best prospects for growth, and the Polish government’s intends to develop it, said PM Beata Szydło at the inauguration of the 2nd Meeting between Transport Ministers and Business Forum 16+1....
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Moving to tax havens should become easier – ECJ’s decision...

The European Court of Justice has decided that member states cannot demand that a company be first liquidated if it wants to move its statutory seat to another country. The decision was in relation to the dispute between Polish construction firm Polbud and Polish courts. In 2013 Polbud moved its sta...
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Number of gas stations drops by 179 in Jan-Sep

The number of gas stations in Poland fell by 179 over the first three quarters of 2017, from 6,803 existing at the end of last year to 6,624 at the end of September, according to data presented by oil industry organization POPiHN. The market leader, Orlen, had 1,758 stations, including 81 under the ...
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18% of food producers are eying acquisitions

Almost a fifth (18 percent) of agricultural and food producers in Poland are planning acquisitions of their competitors within the next three years, in order to boost their company’s exports, advisory KPMG stated. Most acquisitions are focused on the CEE markets. “Almost eight out of 10 companies wi...
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Unemployment at new record low of 6.8% in September

Unemployment rate fell in September to a record low 6.8 percent from 7.0 percent in August, statistics office GUS said. The number of people registered with labor offices stood at 1.117 million in September, compared with 1.136 million a month earlier.
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Construction firms with increasing debt – report

Construction firms had a total of PLN 2.21 billion in August 2017, which continues to increase, according to a report prepared by the National Debt Registry (KDR). The majority of the debt is a few years old, mainly arising from unpaid loans and leasing deals.
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S&P maintains Poland’s BBB+/A-2 rating, outlook stable

Ratings agency S&P has maintained Poland’s long and short term rating in foreign currencies at “BBB+/A-2,” the agency stated on Friday. The ratings’ outlook is stable. The long and short term rating in the domestic currency has also been maintained at „A-/A-2,” also with a stable outlook. Analys...