Poland

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Sunday trade ban could be delayed to next year – Rafalska.

Parliamentary work on a law restricting trade on Sundays could be finished by October, which would mean that the law would come into force starting from the beginning of 2018, Minister of Family, Labor and Social Policy Elżbieta Rafalska said. She also added that she supports the version of the bill...

- Warsaw Business Journal - PL

Poland gets €816 mln financing from the EU for 4 railway projects.

The European Commission has positively assessed four projects submitted by the state-owned railway operator PKP PLK. The funds allotted for these schemes will reach €816 million from the Connecting Europe Facility program.

- Warsaw Business Journal - PL

Grid operator with record-high demand for electricity.

State-owned grid operator Polskie Sieci Elektroenergyteczne had a record-high demand for electricity today during the early summer peak. The new result was recorded at 13:30 on Wednesday and amounted to 22,883 MW, beating last year's record-high demand of 22,750 MW, PSE said.

- Warsaw Business Journal - PL

Echo lays cornerstone for flagship Warsaw project.

Warsaw Stock Exchange-listed developer Echo Investment has held a symbolic cornerstone-laying ceremony at the construction site of the Browary Warszawskie mixed-use project in the Polish capital. The flagship scheme of the company in Warsaw, Browary Warszawskie is being developed on the 4.4-hectare ...

- Warsaw Business Journal - PL

Train evacuated in western Poland due to bomb threat.

Polish authorities have stopped a train travelling from Warsaw to Berlin and evacuated its passengers after receiving a bomb threat, according to reports.

- BreakingNews.ie - IE

Maldini's racquet foray unlikely to last.

FORMER Italy and AC Milan captain Paolo Maldini’s professional tennis career is likely to stop at one match after a debut he described as “like writing a poem after studying years of maths”. The 49-year-old, who only took up tennis about six years ago, acquitted himself well but he and his partner, Stefano ...

- Shanghai Daily - CN

Muslim girls in Poland to study Holocaust turned away from Lublin synagogue.

WARSAW, Poland , A group of Muslim girls from Germany said they were prevented from entering a synagogue in Lublin while on a visit to Poland to study the Holocaust. The girls claim they were refused entrance to the synagogue at the Chachmei Lublin Yeshiva last week because they were wearing traditional Muslim headgear....

- JTA - US

Facebook hosts Brussels summit to help EU's digital businesses grow .

Whether you're a furniture maker from Berlin, a traditional Aran sweater manufacturer in Ireland or a Polish wedding stationery designer, there's no reason why national borders should hold your business back, writes Facebook's Ciaran Quilty.

- EurActive - UK

Adobe leases space in Warsaw Towers building.

American computer software company Adobe has leased 437 sqm of office space in the Warsaw Towers building in the center of the Polish capital. Colliers International brokered the transaction between the tenant and Austrian real estate company CA Immo, the owner of the property. Warsaw Towers is loca...

- Warsaw Business Journal - PL

The European Commission outlines plans for future EU budgets.

Due to new challenges, including Brexit, the European Union wants to rethink how to organize future budgets. The European Commission outlined several scenarios on how it can be done. “The withdrawal of the United Kingdom will signify the loss of an important partner and contributor to the financing ...

- Warsaw Business Journal - PL

Poland slightly affected in latest ransomware attack.

Poland has been slightly affected by the latest global cyber attack and decided not to raise the national threat level because of this, PM Beata Szydło said. She added, that there had been no reports of an attack on government institutions, while Interior Minister Mariusz Błaszczak explained that on...

- Warsaw Business Journal - PL

EBRD sells 2.9% stake in Azoty

The European Bank for Reconstruction and Development sold 2.85 million shares of chemicals Grupa Azoty, representing 2.9 percent stake in accelerated bookbuilding, the EBRD said in a press statement. After the sale, the lender will have 2.9 percent shares in Grupa Azoty.

- Warsaw Business Journal - PL

Orlen Lietuva signs transport tariff agreement with Lithuanian railways

WSE-listed, state-owned fuel giant PKN Orlen's Lithuanian unit Orlen Lietuva signed an agreement with Lithuanian national railway operator Lietuvos Gelezinkeliai ending their long-term dispute over transport rates.  “The compromise reached assumes an equal division of mutual claims result...

- Warsaw Business Journal - PL

Inter Cars sales system affected by ransomware

WSE-listed auto parts distributor Inter Cars announced that it sales system was hacked and most likely affected by the Petya ransomware attack. “As a result of interruptions discovered in our IT systems, we’ve determined that our sale systems were breached. Work is currently underway to determine th...

- Warsaw Business Journal - PL

KNF approves IPO prospectus of Raiffeisen Bank Polska

Raiffeisen Bank Polska has secured the Financial Supervision Authority approval of its IPO prospectus. Works on the prospectus were suspended earlier this month by the bank, but when KNF denied its motion to delay the IPO, the works were resumed, and the documents were filed on June 19. The ba...

- Warsaw Business Journal - PL

Pengab banking sentiment falls again in June

The Pengab index, which measures conditions in the banking industry, fell by 2 points month-to-month to 22 points in June, according to the Monitor Bankowy report issued by TNS Polska.

- Warsaw Business Journal - PL

Unemployment rate to drop below 7% by end-2017 – labor ministry

According to the Minister of Family, Labour and Social Policy Elżbieta Rafalska, the unemployment rate at the end of this year may reach 6.8-6.9 percent. “”We said it would be at 7.5 percent, but GUS figures show that unemployment is currently at 7.4 percent. That’s why we think that at the en...

- Warsaw Business Journal - PL

Tauron to offer €500 mln in bonds at 163 bps above mid-swaps

WSE-listed utility Tauron has set the terms for its €500 million eurobonds issue, priced at 164 bps above mid-swaps and with 2.375 percent coupon rate, the company said in a market filing. The bonds will mature in 10 years.

- Warsaw Business Journal - PL

President Aliyev meets with Polish PM

President of the Republic of Azerbaijan Ilham Aliyev has met with Prime Minister of the Republic of Poland Beata Szydło in Warsaw, Azertac reported.

- AzerNews - AZ

Andrzej Duda: Azerbaijan is Poland's important partner in South Caucasus, Caspian Sea region

President of Poland Andrzej Duda has described Azerbaijan as his country's important partner in the South Caucasus and Caspian Sea region.

- AzerNews - AZ

Poland backs Karabakh conflict settlement within Azerbaijan's territorial integrity

- Today.Az - AZ

President Aliyev meets with Polish PM

- Today.Az - AZ

Andrzej Duda: Azerbaijan is Poland's important partner in South Caucasus, Caspian Sea region

- Today.Az - AZ

RFE/RL: Ukraine, Russia, Poland still grappling with major new ransomware attack

Companies across the world are still grappling with the effects of a major new ransomware cyberattack that struck their computer systems, with Ukrainian firms and government sites among the worst hit. The post RFE/RL: Ukraine, Russia, Poland still grappling with major new ransomware attack appeared first on KyivPost.

- Kyiv Post - UA

Muslim girls 'racially abused' on Polish Holocaust trip

Group of German high school pupils say they were threatened and spat on during Holocaust study trip in Poland.

- Al Jazeera - QA

Poland's anti-government leader Kijowski charged with fraud

Poland's prosecutors say they have charged the former leader of a massive anti-government movement with misappropriation of the movement's funds and false statements in its financial documents.

- FOX News - US

Popular Polish TV satire targets powerful conservative leader Jaroslaw Kaczynski

For many Poles, "The Chairman's Ear" accurately represents how their country is governed, with all real power in the hands of Jaroslaw Kaczynski, chairman of the ruling Law and Justice party, even though he holds no government post.

- Zee News - IN

Chocolate mealworm cake and cricket salad, anyone?

Polish scientists have created a host of insect-based recipes, in an attempt to address future world food shortages. But would you try them? See video above. 

- timesofmalta.com - MT

Popular Polish TV satire targets powerful conservative leader Kaczynski

WARSAW - A satirical TV show avidly watched by millions of Poles depicts a Poland ruled by one man who never leaves his office but orders around the prime minister and sycophantic aides, while the Polish president is kept waiting endlessly in the foyer for a meeting.

- Reuters - US

How regulation and market priorities drive fintech focus globally

The interest in fintech worldwide shows no signs of abating, as illustrated by the strong attendance at each stop on our recent CFA Institute speaker tour throughout Central and Eastern Europe and the Middle East. But even more interesting is the regional variation in what 'fintech' means to local entrepreneurs. Talking to ...

- City AM - UK

Hijab-wearing Muslim girls spat on and racially abused during Holocaust study trip to Poland

The Berlin schoolgirls claimed that they were refused entry to shops and were even threatened with knife in Lublin city.

- IBTimes.co.uk - UK

President Aliyev met with Marshal of Polish Senate

- Today.Az - AZ

Azerbaijan-Poland business forum held in Warsaw

- Today.Az - AZ

Polish President hosted official reception for President of Azerbaijan

- Today.Az - AZ

Polish president hosts official reception for President Aliyev

President of the Republic of Poland Andrzej Duda has hosted an official reception in honor of President of the Republic of Azerbaijan Ilham Aliyev.

- AzerNews - AZ

Poland backs Karabakh conflict settlement within Azerbaijan's territorial integrity

Poland supports settlement of the Armenia-Azerbaijan Nagorno-Karabakh conflict within the territorial integrity of Azerbaijan and on the basis of four resolutions of the UN Security Council.

- AzerNews - AZ

Sources: Poland's PKN And Lithuanian Railways Strike Deal Over Costs

Poland's biggest oil refiner PKN Orlen and Lithuanian Railways have agreed on new oil product transport fees and to end litigation.

- Rigzone.com - US

CI Games to focus on smaller games

WSE-listed video game developer CI Games has released its latest strategy with focus on smaller projects. After the failure of its latest so-called AAA title Sniper Ghost Warrior 3, the company has decided to switch its focus to a smaller sc...

- Warsaw Business Journal - PL

iCotton raises its stake in Harper Hygienics to 66%

Latvian iCotton has acquired 3,852,200 shares in Harper Hygienics, the WSE-listed producer of skin cleaning products such as cotton pads, in the tender offer. As a result, the company increased its stake by 6.05 percent to 66 percent. The tender offer stood at PLN 1 per share.

- Warsaw Business Journal - PL

Orlien Lietuva's to sign deal with local railway operator

After a years-long dispute, Orlen Lietuva will finally sign a partnership agreement with the state-owned Lithuanian rail operator Lietuvos Gelezinkeliai. Both sides have been negotiating new terms since 2009, when a 19 kilometer railway route connecting Orlen’s Lithuanian facility with the city of R...

- Warsaw Business Journal - PL

Food prices to increase lower than expected this year - IERiGÅ»

Food prices growth this year might be lower than previously expected, economists from the Institute of Agricultural and Food Economics said. “After the decline in March, retail prices for food in April have not changed, indicating that the rise in retail prices for food in 2017 will not be ...

- Warsaw Business Journal - PL

Insurers with 67.5% profit growth in Q1 - GUS

Net profit of insurers operating on the Polish market increased by 67.5 percent to PLN 1.02 billion in Q1 Central Statistics Office informed.

- Warsaw Business Journal - PL

PZU to sell PLN 2.25 bln subordinated bonds

WSE-listed, state-owned insurer PZU will sell PLN 2.25 billion in subordinated bonds maturing at 1.8 percent over 6M WIBOR. The bonds will mature in 2027.

- Warsaw Business Journal - PL

Poland to increase military spending to 2.5% in 2030

Polish government will introduce a bill, increasing the defense spending to 2 percent of GDP next year, and gradually increasing it to reach 2.5 percent in 2030. After it is passed by Parliament it will be in line with recent NATO regulations.

- Warsaw Business Journal - PL

Pesa with new CEO

WSE-listed bus producer Pesa appointed its Vice President Robert Świechowicz as the new CEO. Świechowicz will replace Tomasz Zaboklicki, who served as the company's president for 16 years. He will now serve as the deputy chairman of the supervisory board, joining other two main shareholders, Z...

- Warsaw Business Journal - PL

Orlen reappoints CEO, CFO to step down

WSE-listed, state-controlled fuel group PKN Orlen saw its supervisory board reappoint CEO Wojciech Jasiński for another 3-year term, while CFO Sławomir Jędrzejczyk and board member for development and energy, Piotr Chełmiński, will step down after their current terms expire later this month.

- Warsaw Business Journal - PL

KNF to suspend B3System trading indefinitely

The Financial Supervision Authority has filed a motion to suspend the trading on the WSE of the IT company B3System indefinitely. According to KNF, B3System has filed incomplete information in its financial reports “regarding transfer transactions from the main company to its subsidiary, and a...

- Warsaw Business Journal - PL

President Aliyev visits tomb of unknown soldier in Warsaw

President of the Republic of Azerbaijan Ilham Aliyev has visited the Tomb of the Unknown Soldier monument in Warsaw.

- AzerNews - AZ

President Aliyev met with Marshal of Polish Senate

President of the Republic of Azerbaijan Ilham Aliyev has met with Marshal of the Senate of the Republic of Poland Stanisław Karczewski.

- AzerNews - AZ

Azerbaijan-Poland business forum held in Warsaw

Azerbaijan-Poland business forum has been held in Warsaw.

- AzerNews - AZ

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