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Spotlight Hotel Investment Poland & CEE conference will be held i...

For the fourth time in roll, on September 12-13, 2017, the largest meeting of investors, hotel networks, developers and representatives of the European cities across Central and Eastern Europe, named Spotlight Hotel Investment Poland & CEE conference, will be held in Warsaw! Last year edition at...

Locked content GDP could grow by 4% in 2017 – FinMin

GDP growth could reach as much as 4.0 percent this year, according to Development and Finance Minister Mateusz Morawiecki. He said that the figure is becoming increasingly probable given the increasing investment. “Our official forecast in 3.6 percent, perhaps 3.8 percent. We are conservative. But t...

Locked content Poznań secures PLN 45.5 mln in EU funds for infrastructure makeover

The city of Poznań has received PLN 45.5 million in EU funding for a major infrastructure redevelopment in the center of the city. The entire investment is set to cost PLN 100 million. The project involves city rail transit as well as the street network. It is scheduled to be completed by Q3 2020...

Locked content Comarch opens office in Tokyo

IT giant Comarch has decided to launch a new office in Tokyo. The company wants to drive up more revenue from its Asian operations. In 2016, it recorded PLN 47 million in revenue from Asia. Comarch already has offices in Malesia and Shanghai and data centers in Kuala Lumpur, Singapore and Shanghai. ...

Locked content Orange with PLN 71 mln Q2 net profit

WSE-listed telecom Orange Polska had an attributable net profit of PLN 71 million in Q2 which is a 317 percent y/y increase. Revenues fell 2.2 percent y/y to PLN 2.84 billion, while EBITDA amounted to PLN 812 million, a 1.5 percent y/y drop. Revenues from mobile services dropped to PLN 1.56 billion ...

Locked content Newag with PLN 96 mln deal with PKP subsidiary

WSE-listed rolling stock producer Newag, signed a PLN 96.27 million deal with a unit of state railway group PKP to modernize 10 diesel locomotives, the company reported in a market filing. “The modernization will be carried out in accordance with the schedule agreed by the parties, and the entire co...

Locked content EU gives Poland ultimatum on logging in Białowieża

The European Commission gave Poland August 4 deadline to explain its logging activities in the UNESCO-listed primeval Białowieża forest, according to an unnamed government official quoted by the Polish Press Agency (PAP). According to this source, the Commission sent the motion” to the EU Court of J...

Locked content EU dismisses bid to annul the refugee allocation plan

The European Union dismissed the motion filed by Slovakia and Hungary to annul the 2015 EU relocation plan. “The contested decision automatically helps to relieve the considerable pressure on the asylum systems of Italy and Greece following the migration crisis in the summer of 2015 and is thus appr...

Locked content EU to launch legal actions against Poland over judiciary reforms

The European Commission announced that it would launch legal action against Poland over an overhaul of its judiciary, and gave Warsaw a month to respond to the concerns. According to Brussels, Polish government’s recent attempts at judiciary reforms undermines the independence of judges and breaks E...