The European Commission (EC) signed a Memorandum of Understanding with Ukraine for financial assistance. Ukraine will receive up to €1 billion in the form of medium- and long-term loans. The proposed new Macro-Financial Assistance (MFA) complements three previous MFA programmes, through which the EU...
The European Court of Justice dismissed an appeal to cancel EU sanctions filed by Russian companies including Gazprom Neft and Rosneft as well as several Russian bankson Thursday. The court resolution confirmed that sanctions were applied correctly. The judges underscored that the purpose of sanctio...
PKN Orlen completed the tender procedure for suppliers of 150 charging stations for electric cars. In the first pilot stage, by the end of 2019, about 50 chargers will be launched, the company said.
PKO Bank Polski has commenced the sale of motor insurance in 400 bank branches, and from October it will be available in all branches. In the first quarter of 2019, the bank will make the purchase of insurance available in the IKO mobile application and the iPKO transaction service.
Sales of Polish apples in the Biedronka network increased by 15.5 percent y/y to 77 million kg in 2017, Jeronimo Martins Polska, the owner of the supermarket chain, has informed.
Polish Oil and Gas Company (PGNiG) and Ukrtransgaz have signed another agreement that allows the Polish company to use underground gas storage in Ukraine, PGNiG has announced.
The Council of Ministers has adopted a regulation on the minimum wage and minimum hourly rate for 2019, under which the minimum remuneration for work will amount to PLN 2,250 (in 2018 it is PLN 2,100, which means an increase of 7.1 percent), the Government Information Center (CIR) reported.
The number of new passenger cars using alternative fuels registered in Poland was 7,796 units in the second quarter of this year, which means an increase of 18.7 percent y/y, the European Association of Automobile Manufacturers (ACEA) reported.
Womenswear retailer Solar achieved consolidated non-audited sales revenues of PLN 11.7 million in August this year, the company said. Earlier, the company reported that in August 2017 its consolidated revenues amounted to PLN 11.5 million.
Shareholders of Rawlplug have decided to purchase up to 2.73 million of the company’s own shares for redemption or further resale, the company said in a statement. Reserve capital for the purchase of shares was increased to PLN 30 million from the earlier amount of PLN 21.6 million.