Locked content MBDA opens office in Warsaw 

MBDA, a European manufacturer of missile systems, has opened an office in Warsaw, the company said. MBDA, whose shareholders are Airbus, BAE Systems and Leonardo, is fully supported by the governments of Great Britain, France, Germany, Italy and Spain, for whom Poland is an important ally. “Th...

Locked content Warsaw presidential candidate promises 3 new Metro lines for capital

Rafał Trzaskowski, a candidate for the role of President of Warsaw, is planning to invest in three new Metro lines, the extension of the planned M2 line and the construction of two new M1 stations if he is victorious in the upcoming local elections. Trzaskowski, a candidate for the Citizens’ C...

Locked content Poland in 23rd place globally for national brand value

The London consulting company Brand Finance has valued the national brand of Poland at over $650 billion (23rd place in the world and seventh among EU countries). The ranking of national brands is prepared every year on the basis of several dozen variables originating, among others from the statemen...

Locked content Baltic Pipe works according to schedule – Naimski

Works on the Baltic Pipe gas pipeline are being implemented according to the schedule, and its physical construction will start in the spring of 2020 and will last two years, the government plenipotentiary for strategic energy infrastructure Piotr Naimski said “We are carrying out investments relate...

Locked content Mastercard: Tourist to spend over PLN 3 bln in Warsaw this year

According to card issuer Mastercard, foreign tourist will spend over PLN 3 billion in Warsaw this year. Polish capital was the only domestic city in this years’ Global Destinations City Index report. This is 18.2 percent more than last year. Last year, Warsaw was visited by 1.4 million foreign touri...

Locked content Banking sector profit inches up in August – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.31 billion in  August, according to data from Poland’s Central Bank (NBP), representing a 1.9 percent growth m/m. At end-August, the sector had PLN 10.43 billion net profit, the y/y change is not available due to a change in methodol...

Locked content PGNiG to finalize two US LNG deals by end-2018

WSE-listed, state-run gas giant PGNiG hopes to sign at least two new long-term contracts for LNG supplies from the US by end-2018, deputy CEO Maciej Woźniak said. “In July this year, we announced 20-year contracts for LNG purchases, on the basis of ‘we buy this gas and buy it where we deem it approp...

Locked content GetBack with new offers to bondholders

WSE-listed debt collector GetBack put forward a new offer to its debtor increasing the cash installments to 38 percent from the previous 31 percent. The remainder of the debt would be paid in equity conversion. The company proposes that the repayment of the bondholders will take place in sixteen ins...

Locked content KNF approves Bytom and Vistula merger plan

The Financial Supervision Authority KNF approved the share issue tied to the merger of WSE-listed clothing retailers Vistula and Bytom. According to the merger plan, Vistula Group will receive a 100 percent stake in Bytom. Initially, the companies agreed that one share of Bytom will be exchanged for...