Locked content First power shortages in 2022 – GE

According to GE’s expert, first gaps in energy supply will occur in 2022, due to higher energy demand and shutting down outdated power units. ”Currently, electricity consumption in Poland is estimated at 26 GW. This demand may increase to 33 GW in 2030. The challenge for the coming years will be the...

Locked content GE and Lufthansa to build plane engine servicing center in Poland

Xeos, a joint venture of GE Aviation and Lufthansa Technik will spend €250 million on an airplane engine servicing center in Środa Śląska. The investment will bring about 500 new jobs. The construction will launch in March 2017 and the facility should be completed by September 2018. The investments ...

Locked content Lufthansa subsidiary hopes to expand in Poland

Xeos, a subsidiary of Lufthansa and GE which repairs aircraft engines, announced this week that it plans to open a repair facility in Silesia, which it says will employ as many as 600 people, according to a report in Puls Biznesu on Thursday. The €250 million factory is set to be built in the Legnic...

Locked content Bank BPH ceases mortgage loans acceptance

Polish commercial lender Bank BPH has announced it will stop an acceptance of mortgage loans for its retail customers as of September 1, 2016. “The decision is related to the planned sale transaction and the division of the Bank, after which Bank BPH will not issue new mortgage loans,” a...

Locked content GE mulls options for BPH Bank sale

General Electric Company, the majority shareholder of Bank BPH, is continuing a review of strategic options in connection with the sale of its majority stake in Bank BPH. As part of this process, GE is exploring several potential transaction structures, including a full carve-out of the Bank BPH for...

Locked content KNF unlikely to approve BPH sale

It is highly unlikely that the Polish Financial Supervision Authority (KNF) will approve the sale of Bank BPH by GE to any bank operating in Poland, the watchdog’s vice-president Wojciech Kwaśniak told Reuters in an interview. Soon after the announcement by GE that it could sell the Polish bank, KNF...