Inflation remains low in December

In December 2013 CPI inflation amounted to 0.7 percent year-on-year and 0.1 percent month-on-month, statistics office GUS said on Wednesday. Both figures were in line with the consensus of expectations from economists surveyed by the Polish Press Agency. The biggest reduction was observed in the com...

PKN Orlen cashes in on Lukoil deal

Poland’s largest fuel holding, PKN Orlen signed a contract with fuel retail Lukoil Polska worth PLN 1.55 billion, the company said in a statement on Friday.

Cineworld acquires Cinema City

Warsaw Stock Exchange-listed Cinema City International signed a preliminary agreement to sell its movie theater business to UK sector firm Cineworld Group, the company said in a statement on Friday.

Privatization brings PLN 4.4 billion in 2013

Privatization proceeds amounted to PLN 4.4 billion in 2013 and proceeds from dividends in state-owned companies stood at PLN 6.4 billion, Poland’s Treasury Ministry told the Polish Press Agency on Wednesday. The government had earlier set the privatization revenue target for 2013 at PLN 5 billion. T...