Locked content EU criticizes Polish judiciary reforms

Leaders of two major European Parliament groups Guy Verhofstadt (Alde) and Manfred Weber (EPP) urged the EU and the European Commission to act. “By changing the law, Law and Justice (PiS) is turning its back for good on the independence of the judiciary. A red line was crossed yesterday. With this v...

Locked content PSE to spend PLN 6 bln on investments in 2017-2021

State-owned power grid operator PSE will spend nearly PLN 6 billion between 2017-2021 to upgrade the existing infrastructure and build a new one, the company said. “The company has implemented a new investment model that will optimize the flow of investment processes and ensure their full transparen...

Locked content Budimex with PLN 125.68 mln deal

WSE-listed construction group Budimex signed a PLN 125.68 million net contract to build a 55 MW gas-fired power unit for Tameh Polska. Tameh is a joint venture company formed by state-owned power group Tauron and steel giant ArcelorMittal. The block is scheduled to be completed by August, 2019…...

Locked content Poland to increase gas export capacity to Ukraine

State-owned gas infrastructure operator Gaz-System and Ukrainian Ukrtransgas will increase their transit capacity to Ukraine starting from September 1, the company said. The final offered capacity will be determined in accordance with the timeline resulting from the auction calendar. The Gaz-System’...

Locked content Chopin airport with 7 mln passengers in H1

Warsaw Airport Chopin serviced nearly 7 million passengers in the first half of 2017, which is 25 percent more y/y. In June alone, the airport had 1.52 million passengers, a 20 percent y/y increase. “The number of passengers traveling on domestic flights between January-June exceeded 1 million and w...

Locked content KGHM expects positive financial flows from Sierra Gorda in 2-3 years

WSE-listed copper and silver giant KGHM expects that its Chilean Sierra Gorda mine will be generating positive financial flows within the next 2-3 years, company’s CEO Radosław Domagalski-Łabędzki said. The CEO assured that the development abroad would remain an element of the company’s strate...

Locked content AmRest signs framework agreement to buy 42 French KFCs

WSE-listed restaurant operator AmRest has signed a framework agreement with KFC France to buy 42 of its restaurants for €39.9 million. Estimated revenues of the restaurants in the twelve months period ended on April 30th, 2017 amounted to €99 million. “The Completion is contingent upon some addition...

Locked content Dekpol to build factory in Lithuania

WSE-listed construction firm Dekpol has an agreement to build a factory in Lithuania has signed an agreement to build a 20,000 sqm production factory in Lithuania, the company said in a market filing. The contract value is estimated at PLN 52-65 million, which is 20-25 percent of Dekpol’s annual rev...