Locked content Poland drops in World Governance Indicators report

Poland has dropped in all but one indicators in the latest World Governance Indicators (WGI) report compiled by World Bank. In the voice and accountability indicator, which captures perceptions of the extent to which a country’s citizens are able to participate in selecting their government, a...

Locked content JP Morgan to open new center in Warsaw

Global financial institution JP Morgan Chase will locate its new global operations center in Warsaw, Deputy PM Mateusz Morawiecki said. According to him, the investment will bring some several thousand jobs mostly for “people with competences such as in data management, risk management, credit risk ...

Locked content Wasko wins PLN 2.3 bln tender with Nokia

WSE-listed IT company Wasko, along with Nokia filed the lowest PLN 2.26 billion net bid in the tender for installing a GSM-R network for the rail infrastructure operator PKP PLK. The system will be used for the wireless communications of the railway. The works on the project are set to be completed ...

Locked content Fuel prices drop after weeks of hikes

Average fuel, diesel, and LPG prices all dropped by PLN 0.02 last week, according to BM Reflex, a fuel branch consultancy company, LPG prices shot up by PLN 0.06. Currently, gasoline sells at PLN 4.6/liter, diesel at PLN 4.35/liter and LPG at PLN 2.11. This week, there’s a chance for the fuel prices...

Locked content Poland to close talks on capacity market arrangements by end-Sept

Poland should finalize capacity market arrangements with the European Commission by the end of September, energy minister Krzysztof Tchórzewski said. It includes o the design of the so-called. winter package – a proposal for the shape of the future energy market, which the Commission has notif...

Locked content Pekao launches bookbuilding on PLN 1 bln bond issue

The management board of WSE-listed Bank Pekao approved the decision to launch a bookbuilding process for PLN 1 billion worth of 10-year bonds in non-public issuance. “The maximum total face value of the issue will be up to PLN 1 billion, the bond’s interest rate will be based on the WIBOR6M referenc...

Locked content PKP PLK plans PLN 5 bln in tenders till end-2017

Poland’s railway infrastructure operator PKP PLK plans to spend PLN 5 billion on construction tenders till end-2017, and PLN 10 billion next year, company’s CEO Ireneusz Merchel said. According to Merchel, PKP PLK currently has PLN 13 billion in tender procedures. Moreover, PKP PLK wants to si...

Locked content PORR-led consortium with PLN 412 mln railway deal

Consortium of PORR Polska Construction and Trakcja System consortium signed a PLN 412 million net deal with railway infrastructure firm PKP PLK for the modernization of the Opole-Kędzierzyn-Koźle section on the E30 route. The works will cover about 44 km of tracks and include a comprehensive replace...

Locked content PBG with H1 loss

WSE-listed construction firm PBG recorded a PLN 3.83 million consolidated net loss in H1, down from a PLN 828.7 million profit last year. EBIT amounted to PLN 20.9 million, compared with PLN 828.7 million in the corresponding period last year. According to PBG’s financial report, this year’s results...