Locked content Poland to lend Ukraine €100 mln and sell LNG

Poland will establish a special credit line for Ukraine amounting up to €100 million in a 10 year period, and will sell LNG from Świnoujscie terminal via an interconnector, the press informed. Prime Minister, Ewa Kopacz met on Monday with her Ukrainian counterpart Arseniy Yatsenyuk to discuss Polish...

Locked content Poland the biggest EU fund spender

In the framework of the 2007-2013 Rural Development Programme (PROW), The Agency for Restructuring and Modernisation of Agriculture (ARiMR) has already paid out PLN 61.8 billion. This amount makes Poland the leader in terms of spending EU funds, Puls Biznesu daily reported. According to the European...

Locked content Airbus to produce drones in Poland

The aircraft manufacturing giant is considering creating a center for design and manufacturing drones in Poland, the company informed at a conference held on Wednesday in Warsaw. The final decision is expected to be made later this year, Rzeczpospolita daily reported. “We value the potential of our ...

Locked content Poles saved 8.9% more in 2014

Household deposits rose by 8.9 percent y/y and as of 2014 totaled PLN 48 bln. Polish savings were worth PLN 591 bln at the end of last year. In comparison, the rate increased by 5.6 percent in 2013. Bigger growth in 2014 was caused by “better conditions on the labor market and wages growth,” Adam...

Locked content ‘Poland’ brand worth $602 bln – ranking

According to the Nation Brand report compiled by Brand Finance, Poland’s label is worth $602 billion and is the 20th most valuable brands among nations. The report assesses the strength of the brand  by reference to performance across four aspects: goods & services, tourism, people & skills ...

GDP grows in Q2

Polish economy grows, but slightly slower than in Q1, Central Statistical Office (GUS) reports. According to Q2 results, GDP grew by 3.3 percent. This result is better than 3.2 percent predictions. Seasonally adjusted GDP rose by 0.6 percent in comparison with Q1.

Private equity funds exit Polish companies with good results

The value of the exits on the Polish market increased five times to a record value of €285 million, according to the Polish Private Equity and Venture Capital Association. In 2013, private equity and venture capital funds operating in Central and Eastern Europe ended investments in 88 companies, in ...

More than 3 milion Poles use mobile banking

Most of the banks that offer mobile banking services have noted huge raises in the number of users making payments on their phones, Dziennik Gazeta Prawna reports. The total number of users for the top ten Polish lenders has exceeded 3 million.

Poland to increase military spending

The Polish government is working on an act increasing military spending to 2 percent of  the GDP, Dziennik Gazeta Prawna reports. This means, that the army will be able to spend PLN 800 million more every year.