Locked content Kruk: 41% of Poles spend more than planned on holidays

Over 40 percent of Poles spend more than planned during holidays, Kruk research stated. On average expenses for one person amount to PLN 1,677. Those aged 45-55 spend more: about PLN 2,000. The medium length of holidays is 8 to 13 days. More than one-third of Poles (36 percent) will spend holidays i...

Locked content Polnord raises PLN 40 mln in private bond issue

Polnord issued 3-year unsecured bonds for a total nominal value of PLN 40 million. The interest will be paid every six months. The interest rate will be variable and equal to the WIBOR6M rate increased by the margin for each interest period. Polnord is a developer operating in several Polish cities....

Locked content JSW keeps coal output of 15.4 mln tonnes in 2018

WSE-listed coal miner JSW confirmed its plan to produce 15.4 million tonnes of coal in 2018, despite the previously reported risk of reducing coal production by up to 380,000 tonnes, JSW CEO Daniel Ozon said. The risk was related to the accident in Zofiówka, which occurred in May. In March JSW annou...

Locked content Analysts still see slight decline in fuel prices

There is a chance for a further slight decline in fuel prices this week. The size of decline will depend on decisions taken during the Vienna meeting of OPEC countries and 10 oil producers from outside the cartel, the analysts said. Currently, Iran does not want to support the decision to increase o...

Locked content Bio-Gen enters Saudi Arabia and Morocco market

Polish biotechnological company Bio-Gen signed an agreement for sale of its products and joint researches in Saudi Arabia and Morocco. The agreement was concluded with Agriculture Solutions House ASH (Saudi Arabia) and Mikou Event (Morocco), Bio-Gen informed. Under the agreement, both companies beca...

Locked content Polish and Israeli Space Agencies strengthen cooperation

Polish Space Agency signed a letter of intent with Israeli Space Agency.   The Agencies will cooperate for the projects in areas such as robotics, advanced sensors or satellite systems and subsystems. “Israel is a valuable partner – as the world’s third most innovative economy, the internation...

Locked content Gdańsk offers 375 paid internships

Gdańsk offered 375 paid internships for students and graduates during the summer holidays. There were about 900 applicants, the minimum remuneration amounted to about PLN 1,400 gross. More than half applicants were students of the Gdańsk University of Technology, and over 30 percent applied from the...

Locked content PLN 3.3 mln will be invested in S19 road

About PLN 3.3 million will be invested in the preparatory works for construction of S19 expressway in the area between Sokołów Małopolski Północ and Jasionka. The road will be a part of Via Carpatia trail. The preparatory works are expected to be completed by 2020. The investment is a part of a bigg...

Locked content 39% of companies employ from outside EU

In Poland 39 percent of companies employ workers from outside of the European Union, Association For Legal Intervention reported. Medium companies employ the biggest number of foreigners (65 percent)  followed by the small companies (48 percent). One-fourth of the companies employing workers from ou...

Locked content Protector plans to lay off 30-85 employees

Protector – manufacturer and distributor of safety, specialized and military footwear – plans to lay off 30 to 85 employees as part of cost optimization program. The layoff will have a positive result on group result in 2018, the company said. The company estimated the maximum cost of layoffs ...