Locked content PGNiG signs Baltic Pipe gas delivery deal

WSE-listed gas giant PGNiG signed a 15-year long agreement with Polish gas transit operator Gaz-System for gas transit via the planned Baltic Pipe scheme. The deal will start in 2022 when the project is expected to become operational. The deal value is PLN 8.1 billion. The pipeline is expected to ha...

Locked content CEE countries with the biggest population drop in the world – re...

According to the UN World Population report, Eastern European countries are in top 10 of the world’s fastest shrinking (in terms of demography) countries in the world. According to the study, Poland’s population is expected to shrink by 15 percent by 2050, which puts Poland in 9th position along wit...

Locked content Fuel prices on the rise. Should stabilize

Average fuel and prices increased by PLN 0.02, while LPG prices dropped by PLN 0.01 last week, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.73/liter, diesel at PLN 4.63/liter and LPG at PLN 2.13. This week should see a stabilization of the prices with...

Locked content BGK grants PLN 44.82 bln ‘de minimis’ guarantees

Poland’s state-owned lender BGK has granted PLN 44.828 billion in guarantees for loans worth some PLN 79.77 billion issued to SMEs as of end-December under the state program of ‘de minimis’ credit guarantees, the bank said. As many as 132,248 SMEs took loans under the program. Firm...

Locked content Morawiecki cabinet with 42% support – CBOS poll

The recently appointed government of Mateusz Morawiecki has 42 percent support, according to the latest poll by CBOS. The number of its opponents reached 14 percent. This is the first such poll for Morawiecki cabinet. In the previous CBOS poll conducted when Beata Szydło was the PM, her cabinet enjo...

Locked content Boryszew CEO resigns

Jarosław Michniuk resigned as the CEO of WSE-listed industrials company Boryszew, it said in a market filing. Member of the company’s board Piotr Szeliga has been appointed in his place temporarily. Michniuk has been Boryszew’s CEO since October 2016, when he replaced Szeliga. Before that, he was th...

Locked content KNF: number of branches, employees in the banking sector drops

The number of branches of the nationwide banking branches decreased at the end of November by 400 branches to 6,699, Financial Supervision Authority KNF said. At the same time, the number of affiliates and other customer service centers has decreased to 3,947 from 4,394 a year before. Furthermore, a...

Locked content Unified Factory to enter Latin America

Listed on the small-cap, alternative NewConnect market sales software developer Unified Factory has signed a partnership agreement with Guatemalan Praga Web Studio and will enter three new markets, Guatemala, Mexico, and El Salvador, bringing the total number of countries with distribution deal to 2...

Locked content Consultations on employer-sponsored PPK pension plans soon

Poland is finishing works on the draft bill on the employer-sponsored pension plans PPK and will launch consultations on it soon, the Ministry of Finance said. The new program seeks to have firms and employees put a total of 3.5 percent of gross wages into privately managed Employee Pension Plans (P...