latest news headlines

Poroshenko, Duda to meet in Kharkiv Dec 13.

Ukrainian President Petro Poroshenko will hold a meeting with President of Poland Andrzej Duda in Kharkiv on December 13, according to the president's press service.


Poland's new PM moves to ease forest row with EU.

Morawiecki pledges 'continuity' after previous government clashed with Brussels

- Financial Times - US

New Polish PM: Must Defend National Interest in EU Future Debate.

Poland should defend its national identity and interests at a time when the European Union is debating its own future, the country's new Prime Minister Mateusz Morawiecki told parliament on Tuesday. Warsaw has grown increasingly isolated in the European Union since the Law and Justice party won power two years ago. Critics ...

- Voice of America - US

New PM: Poland needs to protect its national interests.

Poland "fits the European puzzle" and should be allowed to protect its national interests and character even while being a member of the European Union, the country's new prime minister said Tuesday.

- FOX News - US

Tarczyński’s shareholders launch a tender offer.

WSE-listed meat processor Tarczynski's lead shareholders Elżbieta and Jacek Tarczyńscy launched a tender offer for 6 million of the company’s shares at PLN 10.5 apiece. The tendered shares represent 52.22 percent stake in the company and 41.82 percent of the voting rights.

- Warsaw Business Journal - PL

Morawiecki calls for unity. No revolution in policy.

Newly appointed PM Mateusz Morawiecki called for national unity in his expose speech before the Parliament. “The Prime Minister and his government have to serve the whole nation. Every single Polish citizen. Poland is one. There’s room for everyone,” he said.

- Warsaw Business Journal - PL

Kaczyński – I expect ‘deep’ changes in the government soon.

According to the Law and Justice leader, Jarosław Kaczyński, changes within the new, Mateusz Morawiecki government, should occur soon and will be deep. “I’m almost certain that the changes will occur at the beginning of next year, in January. I think they will be substantial,” he said in an in...

- Warsaw Business Journal - PL

New protests against judiciary reform.

Hundreds of protesters gathered in front of the Parliament, where the Law and Justice dominated Senate was scheduled to vote on the judiciary reform which would give the power to nominate judges to the Parliament.

- Warsaw Business Journal - PL

New Polish government has old make-up.

Polish President Andrzej Duda yesterday  swore in the new government of Mateusz Morawiecki. The composition of the new cabinet differs from Beata Szydło's only in the point, that the former prime minister switched seats with her deputy, remaining without a concrete portfolio. EURACTIV Poland reports.

- EurActive - UK

Polish TV channel fined over coverage of protests.

Poland's media regulator has fined a major news channel over alleged biased coverage of anti-government protests in December 2016, and the broadcaster TVN24 vowed on Tuesday to appeal.

- EurActive - UK

Dekada unveils 2018 investment plans

Retail space developer Dekada has outlined its investment timetable for next year. The company plans to launch construction work on four eponymous, already announced projects in 2018, including three new shopping center schemes and one development involving the extension of an existing mall.

- Warsaw Business Journal - PL

Yareal acquires Soho Factory site in Warsaw

Developer Yareal Polska has acquired 5.3 hectares of post-industrial land in the Praga Południe district of Warsaw, on which it plans to build a multi-phase residential project with almost 70,000 sqm of usable space. The site is located within the Soho Factory complex that the seller of the property...

- Warsaw Business Journal - PL

Current situation in the country improving – CBOS poll

In December, the percentage of people assessing that the situation in Poland is going in the right direction has increased to 46 percent from the previous result of 44 percent, while the number of respondents claiming that it’s going in the wrong direction has decreased by 2 percentage points to 38 ...

- Warsaw Business Journal - PL

TFI assets inch up by 0.3% in November

The assets of Polish investment funds increased by 0.3 percent month-on-month to PLN 276.1 billion in November, according to Analizy Online.

- Warsaw Business Journal - PL

XTPL wants to move to WSE main market. Mulls dual-listing

Listed on the small-cap, alternative market transparent conductive films producer XTPL, launched works aimed at moving the company’s shares to the WSE main market, the company said in a market filing. Additionally, it wants to be listed on the Open Market run by Deutsche Borse in Frank...

- Warsaw Business Journal - PL

PKO BP-Pekao merger ‘worth considering at conceptual level’ – PFR head

A potential merger of WSE-listed, state-run banks Pekao and PKO BP is “worth considering at least at the conceptual level,” said President of state-run Polish Development Fund PFR Paweł Borys. He added, however, that if a merger of Pekao with another state-run bank Alior would happen first, then suc...

- Warsaw Business Journal - PL

BGÅ» BNP sells PLN 2.3 bln loan portfolios

WSE-listed bank BGÅ» BNP signed a number of securitization agreements for its cash and automotive loan portfolios worth some PLN 2.3 billion.

- Warsaw Business Journal - PL

Base inflation at 0.9% in November – NBP

Poland’s base inflation amounted to 0.9 percent in November y/y. In m/m terms it increased by 0.1 percentage points, according to data released by Poland’s Central Bank NBP.

- Warsaw Business Journal - PL

EU subsidies reach PLN 152.6 bln

The value of EU subsidy applications submitted by December 10 amounted to PLN 274.3 billion, according to data released by the Ministry of Development. Till that day, 27,576 contracts for the EU co-financed projects amounted to PLN 152.6 billion in EU subsidies.

- Warsaw Business Journal - PL

Mindspace raises $20 million to launch co-working spaces in the US

Co-working startup Mindspace recently raised $20 million as it gears up to launch its first two locations in the U.S. While Mindspace is looking to go big or go home in the U.S., it's starting off slow with its first two locations in San Francisco and Washington, D.C. Mindspace started in Tel Aviv about four years ago ...

- TechCrunch - US

Last chance for Poland to return property to its rightful owners

Poland has signed the 'Terezin Declaration' on restituting property from Jewish victims of the Holocaust - but its new bill seems to focus more on victims of the communist era.

- EU Observer - EU

Amazon Echo launches across Europe, Latin America

BI Intelligence This story was delivered to BI Intelligence IoT Briefing subscribers. To learn more and subscribe, please click here. Amazon has expanded the availability of its Echo line of smart speakers and Amazon Music Unlimited service to 28 new countries, reports VentureBeat. The additional markets are spread ...

- Business Insider - US

Poland to back nuclear power, remain reliant on coal: PM

WARSAW - Poland's new Prime Minister Mateusz Morawiecki said on Tuesday that his government will support a plan to build the country's first nuclear power station, while Warsaw will still rely on coal in its power generation.

- Reuters - US

Poland's new PM to list his goals in speech to lawmakers

Poland's new Prime Minister Mateusz Morawiecki is to outline his foreign and home policy goals, a day after he was sworn in and tasked with boosting the economy and Poland's image abroad.

- FOX News - US

America's dawning authoritarianism

What does it feel like when a liberal democratic country turns the corner into authoritarianism? America is changing. It isn't always obvious and flagrant — like Venezuelan President Nicolás Maduro announcing that some opposition parties will not be allowed to take part in the country's 2018 elections, or the Polish ...

- The Week - US

Auschwitz survivor deems North Korean camps worse than Nazi concentration camps

The brutality of prison camps in North Korea is on par with that of Nazi concentration camps, says Thomas Buergenthal, a former judge on the International Court of Justice who is now serving on a panel of human rights investigators probing whether North Korean leader Kim Jong Un should be tried for crimes against humanity. ...

- The Week - US

Poland to back nuclear power, remain reliant on coal: PM

- Townhall.com - US

Lithuania's PM invites new Polish counterpart to come to Vilnius next year - The Baltic Times

VILNIUS – Lithuania's Prime Minister Saulius Skvernelis has congratulated Mateusz Morawiecki on his appointment as Poland's new pr......

- The Baltic Times - US

Poroshenko, Duda to discuss security and defense cooperation in Kharkiv

Ukrainian President Petro Poroshenko will hold a meeting with the President of the Republic of Poland Andrzej Duda in Kharkiv on Dec. 13, the press service of the Ukrainian presidential administration reported. “The main topic of the talks will be strategic issues of bilateral political cooperation, as well as ...

- Kyiv Post - UA

New Polish PM brings same old government

Only change was that outgoing PM, Beata Szydlo, became a deputy without portfolio, amid a crackdown on independent media.

- EU Observer - EU

From Today until December 17, the National Palace of Culture will Host 2 Events Related to Books and Reading

From today until December 17, the National Palace of Culture will host two events related to books and reading - the Sofia International Book Fair and the Sofia International Literary Festival. At the fair, more than 200 publishers from Bulgaria and abroad will exhibit their publications. The organizers promise a rich ...

- Novinite - BG

Plaque erected for Polish father and son whose discoveries included more than 100 New Zealand plants

A plaque was placed on the Manapouri waterfront on Monday to remember a Polish father and son, whose discoveries included more than 100 New Zealand plants.

- Stuff - NZ

Poland's New Prime Minister Sworn In With Old Cabinet

Poland's new prime minister, Mateusz Morawiecki, was officially sworn into office Monday along with the Cabinet members who served under his predecessor.   The country's prime minister of the last two years, Beata Szydlo, was sworn in as deputy prime minister during the ceremony at the Presidential Palace.   There had ...

- Voice of America - US

Polish broadcaster fine sparks press attack claim

Media regulator clamps down on TV channel for coverage of political spat

- Financial Times - US

What's Next for Poland's Democratic Decline?

To the concern of many in the European Union, Poland, once a democratic role model, has been slip

- The Council on Foreign Relations - US

Morawiecki sworn in as Poland's new PM

Mateusz Morawiecki was sworn in as Poland's new prime minister on Monday, replacing Beata Szydlo, who became a deputy prime minister.

- France24 - FR

Menacing attack on Independent Polish TV channel as ruling party set to gain control over judiciary

A massive fine has been imposed on one of the main independent television channels in Poland over coverage of protests in the Sejm and outside it in December 2016.   The move is especially chilling as the court challenges already promised by the channel are likely to come after judicial changes widely viewed as ...

- KhPG.org.ua - ua

Public debt inches down in Q3

The national public debt at end-Q3 decreased by 0.5 percent q/q to PLN 972.2 billion, the Ministry of Finance reported. Compared to end-2016, the debt increased by 0.7 percent.

- Warsaw Business Journal - PL

Majority of Poles support building a nuclear power plant – poll

As many as 59 percent of Poles support building a nuclear power plant in Poland according to a poll carried out on behalf of the Ministry of Energy. Out of that number, 25 percent, strongly support building it, while 16 percent strongly disagree with the plan. Furthermore, 42 percent of respondents ...

- Warsaw Business Journal - PL

Morawiecki sworn in as PM. No changes in the cabinet right now

Mateusz Morawiecki has been sworn in as the new Prime Minister. He did not make any changes to the cabinet, and he will keep his position as the Minister of Finance and Development. The only change to the cabinet was appointing dismissed PM Beata Szydło as the Deputy PM, she will not helm any minist...

- Warsaw Business Journal - PL

Polish media regulator fines US-owned news channel $420,000

WARSAW, Poland — Poland's media regulator fined a private news channel nearly 1.5 million zlotys Monday for what it alleged was unfair reporting during a political crisis last year, but some saw the penalty as an attack...

- The New Zealand Herald - NZ

Panattoni to build 26,000-sqm factory for Ontex

Industrial space developer Panattoni Europe is to build an over 26,000-sqm production facility for the Belgian personal hygiene products manufacturer Ontex. The lease agreement between the companies was signed for 15 years and was brokered by JLL. The project will be located in Radomsko in the Łódź ...

- Warsaw Business Journal - PL

PKO BP profit could exceed PLN 3 bln - CEO

WSE-listed, state-owned lender PKO BP might exceed PLN 3 billion in profit this year, according to its CEO Zbigniew Jagiełło. “Looking at the current situation, it seems that investors' expectations should be met by PKO BP, and I do maintain that PKO BP may exceed the PLN 3 billion net profit ...

- Warsaw Business Journal - PL

KGHM gets PLN 900 mln loan from EIB

WSE-listed, state-run copper and silver miner KGHM got a PLN 900 million loan from the European Investment Bank, the company said in a market filing. The company plans to use the funds for increasing production efficiency, the company said in a press statement.

- Warsaw Business Journal - PL

KRRiT fines TVN PLN 1.5 mln for broadcasting opposition protests

The National Broadcasting Council KRRiT has slapped a PLN 1.48 million fine on private broadcaster TVN for “encouraging behavior which threatens public safety.”

- Warsaw Business Journal - PL

Loving Vincent with a Golden Globe nomination

A Polish-UK joint production Loving Vincent has been nominated for the Golden Globe in the best animated feature category.

- Warsaw Business Journal - PL

Pekao finalizes Pioneer takeover. Books PLN 400 mln profit

WSE-listed, state-owned Bank Pekao finalized the purchase of the remaining 51 percent stake in its asset manager Pioneer Pekao from Unicredit and will add PLN 400 million to this year’s consolidated net profit, the company said in a market filing. The €138 million transaction will reduce the lender’...

- Warsaw Business Journal - PL

Baltic Pipe location to be announced next year

State-owned gas infrastructure company Gaz-System will decide in the first half of next year on the final route of the Polish part of the Baltic Pipe gas scheme, said the director of the development division Paweł Jakubowski.

- Warsaw Business Journal - PL

GUS confirms November inflation at 2.5%

Poland’s inflation rate stood at 2.5 percent in November year-on-year, the Central Statistical Office confirming the previously released flash estimate.

- Warsaw Business Journal - PL