Locked content Gov’t to support vocational education – Gowin

The government will support dual higher education, which combines theoretical studies with parallel internships throughout the duration of the studies, Education Minister Jarosław Gowin said during a conference at the Sate School of Higher Vocational Education (PWSZ) in Leszno. Gowin stressed that g...

Locked content PBG with PLN 4.2 bln contract portfolio

Construction capital group PBG had PLN 4.2 billion worth of contracts in its portfolio as of January 2017, PLN 1.82 billion of which is scheduled for completion in 2017, the company stated in its annual report. Almost 97 percent of the group’s contracts are in the energy construction business, inclu...

Białystok malls follow the extension trend

The eastern city of Białystok has seen a number of extensions to its shopping centers, with two still ongoing: the extension of Auchan Hetmańska set to be completed in 2017 and CH Zielone Wzgórze scheduled for completion in 2018, which will altogether add 14,500 sqm to the market, according to a rec...

Locked content Polimex Mostostal with PLN 2.75 bln backlog

WSE-listed builder Polimex Mostostal, has a PLN 2.75 billion backlog. Out of that, PLN 1.85 billion are orders for this year, the company said in the annual report. Backlog for 2018 reaches PLN 0.7 billion and for 2019 – PLN 0.2 billion. The company suffered a PLN 61.4 million attributable net...

Locked content Allegro closes its German website

Poland’s biggest auction site operator Allegro Group will close its German portal, the company informed. Launched less than a year ago in June, Allegro.de website had 1.5 million offers within first few months of operations, according to company’s spokesman Michał Bonarowski, the company...
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Waszczykowski accuses EU of fraud. Later retracts

Polish Foreign Minister Witold Waszczykowski claimed in an interview with TVN24, that the election process for the reappointment of Donald Tusk as the European Council President was “faked” and that decision could be contested. “ We have expertise today telling us Tusk was elected in a way which can...

Locked content Three bids in the military helicopter tender

In two tenders run by the Poland’s defense ministry for the special forces and navy helicopters, three companies submitted their bids. Airbus and Leonardo (formerly AgustaWestland) filed their offers in both tenders, while Lockheed Martin will run only in the special forces tender. All three c...

Locked content PZU-Pekao takeover deal approved by Ukrainian authorities

Polish insurer PZU along with Polish Development Fund (PFR) received consent of the Antimonopoly Committee of Ukraine to takeover the majority shares in bank Pekao. “The granting of the above-mentioned consent means that one of the conditions precedent for the acquisition of a significant block of s...

Locked content KNF with serious doubts regarding Bumech stock transaction

Poland’s Financial Supervisory Authority (KNF) said that it did not receive any information from China Coal Energy regarding its recent takeover of Bumech shares, and gathered information does not support the case that such deal occurred. Last week, coal mining machinery producer Bumech announ...

Moody’s upgrades Poland’s GDP forecasts

Ratings agency Moody’s has upgraded Poland’s GDP forecast for 2017 to 3.2 percent, from the previous 2.9 percent. The agency decided to upgrade the forecasts after a series of recent positive economic data. “Polish economy is showing signs of a nascent turnaround of last year’s real GDP ...