BUSINESS NEWS — Prepaid cards are an increasingly common sight in Poland. In addition to gift and bonus cards for companies, there are also gift cards for individuals. While the United States has long been the largest market for prepaid cards, the popularity of these cards is also growing rapidly in Europe, where the gift [...]
PRESS RELEASE — Skanska Poland has today signed an agreement for 100 percent of the shares of the construction company PUDiZ with its subsidiary WMPD. PUDiZ Group is specialized in road construction and employs about 450 people. The revenue for 2010 was PLN 160 M, about SEK 350 M. The company is based in Olsztyn, [...]
BUSINESS NEWS — Investing in homes for rent could be a profitable move in the current economic environment. Continued uncertainty surrounding the economic outlook in Europe is not helping to boost sentiment in Poland’s residential property market. With buyers likely to be less motivated to make purchase decisions, could renting offer another avenue of opportunity? [...]
BUSINESS NEWS — Russian President Dmitry Medvedev triumphantly an-nounced the launch of the first leg of the controversial Nord Stream gas pipeline on the German Baltic coast last Tuesday. “For the first time Russian gas will be delivered to EU countries directly,” he said. “This opens a new stage in our country’s partnership with the [...]
BUSINESS NEWS — An expected drop in consumer spending might make things harder for the American giant. American fashion retailer Gap has just opened its first franchise store in Poland, located in Warsaw’s Arkadia shopping center. Despite its late entry into the Polish market, Gap’s status as a global brand gives it a good chance to [...]
BUSINESS NEWS — Prepaid cards are an increasingly common sight in Poland. In addition to gift and bonus cards for companies, there are also gift cards for individuals. While the United States has long been the largest market for prepaid cards, the popularity of these cards is also growing rapidly in Europe, where the gift [...]
PRESS RELEASE — Skanska Poland has today signed an agreement for 100 percent of the shares of the construction company PUDiZ with its subsidiary WMPD. PUDiZ Group is specialized in road construction and employs about 450 people. The revenue for 2010 was PLN 160 M, about SEK 350 M. The company is based in Olsztyn, [...]
BUSINESS NEWS — Investing in homes for rent could be a profitable move in the current economic environment. Continued uncertainty surrounding the economic outlook in Europe is not helping to boost sentiment in Poland’s residential property market. With buyers likely to be less motivated to make purchase decisions, could renting offer another avenue of opportunity? [...]
BUSINESS NEWS — It’s official! Vauxhall has confirmed that it will build a convertible version of the Astra, and it will hit the road in 2013. The Opel factory in Gliwice is getting ready to start producing a new Astra OPC (Opel Performance Center), reported Rzeczpospolita. The car’s annual production will total several thousand units. The [...]
BUSINESS NEWS — Russian President Dmitry Medvedev triumphantly an-nounced the launch of the first leg of the controversial Nord Stream gas pipeline on the German Baltic coast last Tuesday. “For the first time Russian gas will be delivered to EU countries directly,” he said. “This opens a new stage in our country’s partnership with the [...]
CLASSIFIEDS — Larger residence in quiet woodland area – 15 min to downtown Krakow. Excellent condition – a lot invested over the last 6 years. Wood and marble floors throughout, 5 bathrooms (two with tubs/jacuzzis), designed kitchen with all appliances and laundry room. Master suite with two bedrooms, private bath and balcony. Fully equipped gym and [...]
BUSINESS NEWS — An expected drop in consumer spending might make things harder for the American giant. American fashion retailer Gap has just opened its first franchise store in Poland, located in Warsaw’s Arkadia shopping center. Despite its late entry into the Polish market, Gap’s status as a global brand gives it a good chance to [...]
BUSINESS NEWS — The pharmaceutical firm could become a market leader if its bid to takeover the state-owned drug maker is completed Polish pharmaceutical firm Polpharma has gained exclusive talks with state-owned Polski Holding Farmaceutyczny (PHF) for the acquisition of drug maker Polfa Warszawa, after it outbid four other potential buyers, Polish media reported last [...]
BUSINESS NEWS — Swedish furniture giant IKEA announced that it has purchased two wind farms with a power output of 28 MW in the Podkarpackie region of southern Poland, Gazeta Wyborcza reported. The firm also said it was committed to purchasing a third wind farm, which is curently under construction in Rymanów. IKEA’s purchases will [...]
OPINION — I really have had enough of this now and what little confidence I might have had in the world’s “leading” economists and politicians to deal with it has all but evaporated. I’m calling it “it” because I’m not even sure what to call it. What started with sub-prime became a credit crunch and [...]
BUSINESS NEWS — MidEuropa Partners, the new owner of Polish convenience store chain Żabka, hopes to expand further in Poland’s retail sector, reported Parkiet. “We are already in talks with three companies, it is a good time for acquisitions,” Zbigniew Rekusz, a partner at MidEuropa, told the newspaper. Mr Rekusz added that Żabka also has [...]
BUSINESS NEWS — A report by CB Richard Ellis says that Poland’s retail market is once again on a “fast development track” and that the country’s relatively stable economy and weakened currency have helped create an environment conducive to investment. Although Poland’s retail market saw an annualized fall in the amount of total new space [...]
BUSINESS NEWS — The connection is expected to increase the two countries’ energy security. Polish Prime Minister Donald Tusk and his Czech counterpart, Petr Neãas, opened a natural-gas pipeline connecting the two countries in the border town of Cieszyn. Both said the new link connecting the two countries’ gas transmission systems would increase energy security for [...]
DOMESTIC NEWS — Poland will not abandon its nuclear power plans despite Europe’s economic crisis and growing public opposition following Japan’s Fukushima disaster, said a government official responsible for the project. Poland relies on highly-polluting coal for nearly all its energy needs and is planning to build two nuclear power stations to meet tough European [...]
BUSINESS NEWS — High commodity prices and a fragmented market means continued consolidation is forecast for Poland’s food producers. Consolidation in Poland’s food-production sector is expected to continue throughout the coming few years, with a number of major Polish and international firms eying acquisition targets in the fish, meat, and dairy sectors. Over 40 mergers and [...]
BUSINESS NEWS — Danish developer Sjaelso has announced that it is withdrawing from the Polish market because of financial problems caused by the economic crisis. All of the company’s projects in Poland are due to be put up for sale. “Sjaelso has decided to withdraw from the Polish market and focus on the domestic market [...]
BUSINESS NEWS — The Polish arm of German car manufacturer Opel will suspend production in its Gliwice plant for three consecutive Fridays in September due to a decline in orders, reported daily Rzeczpospolita. Przemysław Byszewski, a spokesperson for Opel’s parent company, General Motors Poland, told the newspaper the production plant would not manufacture cars on [...]
BUSINESS NEWS — Following Kraków, Bydgoszcz and Białystok, who announced tenders totaling zł.16 billion for the construction of trash incinerators, Szczeciń has also said it wants to have one operating by 2015, reported Puls Biznesu. The investment will cost zł.482 million net, and it will be supported by the EU. The president of Zakład Unieszkodliwiania [...]
BUSINESS NEWS — By the end of 2011, real estate investors and developers will have bought plots in Poland worth a total of zł.1.2-1.5 billion, more than double the value of land purchased last year, when the figure amounted to about zł.500 million, according to a recent forecast by Colliers International Polska. Since the beginning [...]
BUSINESS NEWS — The energy firm has purchased a major heat distributor and is likely in the market to buy Vattenfall’s Warsaw plant. Energy supplier Dalkia looks to be making a major play to solidify its position in the Polish market. Last month it bought an 85 percent stake in Warsaw’s heat distributor for zł.1.44 [...]
The future of Europe and the European Union depends to a great extent on the result of the political debate over the common economic policy and the mechanism used to coordinate it and also the model adopted by the community to distribute funds considering the next financial perspective for the years 2014-2020. European Dilemma: Partnership [...]
POLITICS – The Polish Embassy in Minsk has denied visas to Mikalai Charhinets and Mikhail Orda. The chairman of the pro-regime Union of Belarusian Writers Mikalai Charhinets and a member of the “chamber of representatives” Mikhail Orda planned to attend the funeral of Andrzej Lepper, a Polish politician. “I had filled in a questionnaire, made [...]
BUSINESS NEWS — Empik Media & Fashion (EM&F) has bought a 70 percent controlling stake in internet bookstore Gandalf for zł.12 million. The two companies have also signed an agreement guaranteeing EM&F the option to buy the remaining 30 percent at a later stage. Gandalf is one of the best-known internet bookstores in Poland and [...]
BUSINESS NEWS — Orco Property Group, which is currently building the Daniel Libeskind-designed Złota 44 residential tower in central Warsaw, is working on another high-rise project in the Polish capital, Jean-Francois Ott, the company’s president and CEO, said in a statement. The planned tower, which will host office space, is to be located in downtown [...]
BUSINESS NEWS – Binding offers for the construction of two new power blocks for Polish utility PGE have pushed up the price from an estimated zł.9 billion to zł.11 billion. The lowest bidder, at zł.11 billion, was a consortium of subsidiaries, comprising Alstom Power Polska and Alstom Power Systems. The second consortium, comprising builders Rafako, Polimex-Mostostal [...]
BUSINESS NEWS — Poland’s housing market revived in the first several months of this year. Sales of newly completed apartments and other housing units increased and developers resumed projects they had put on hold after the outbreak of the crisis. The REAS company, which provides advice to developers planning and carrying out residential construction projects, [...]
BUSINESS NEWS — Deposits of shale gas recently discovered by Poland’s natural-gas monopolist PGNiG near Kutno, in central Poland, may be just the tip of the iceberg. According to geologists, there are gigantic deposits some 90 kilometers away from the area where major concerns have focused their attention, and are located deeper than the current [...]
BUSINESS NEWS — It is very unlikely that Poland will be introducing the euro soon, Polish Finance minister Jacek Rostowski said in a recent interview on Radio Tok FM. According to Rostowski, Poland won’t join the Eurozone until the end of the European Parliament’s next four-year term – the next Parliament will be elected 9 [...]
WORLD NEWS — Thirteen years since the rebirth of Astana, in Kazakhstan, the administrative capital is also becoming a regional business and cultural fulcrum, opening up new opportunities for young people from across the country. Read full article (For subscribers and company members only.) Subscribe now, global access from 4,90 €/month Become a Company member, [...]
WORLD NEWS — The World Trade Organisation ruled Tuesday against China’s export restrictions on raw materials, in a case that could have a bearing on Beijing’s moves to tighten its grip on rare earths. Read full article (For subscribers and company members only.) Subscribe now, global access from 4,90 €/month Become a Company member, submit [...]
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