French to build nuclear power plant in Poland?

Poland is expecting an attractive French offer to construct a nuclear power plant in Poland, Janusz Piechociński, the Minister of Economy, announced during the Polish-French economic forum in Warsaw. Head of the French government, Manuel Valls said that the offer will be submitted.

Elemental to trade bonds on Catalyst

Elemental Holding capital group is starting the trading of 2,600 series D bonds and 2.400 series E bonds on March 13 on the Catalyst alternative trading system, the company announced.

Growing tax arrears

The total outstanding arrears in taxes (PIT, VAT and CIT) stood at PLN 29 billion in 2013 and in the last year it grew by an additional PLN 9 billion reaching PLN 38 billion, which is more than the budget deficit, according to Polish daily Puls Biznesu.

Automotive output grew by 22.7% y/y in February

Poland manufactured 61,587 passenger cars and delivery vans in January, which translates into an increase in production of 14 percent month-on-month and of 22.7 percent year-on-year, the Automotive Market Research Institute IBRM SAMAR informed.

PKP Intercity to modernize rolling stock

PKP Intercity has earmarked PLN 130 million for modernization and repair works of its rolling stock in 2015, the company announced. PKP Intercity is undertaking an investment project worth PLN 5.5 billion.

Unemployment rate at 12%

The registered unemployment rate amounted to 12 percent at the end of February, no change compared with January, announced the Ministry of Labour and Social Policy based on data from job centers. The unemployment rate at the end of February 2014 stood at 13.9 percent.

Class action lawsuit against bank dismissed

A Warsaw district court has dismissed a class action lawsuit against Getin Noble Bank filed by more than 90 franc borrowers, who argued that they hadn’t been informed properly of the details of loan indexation.