Poland

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Northrop Grumman, PGZ to deepen industrial cooperation.

Ryan MaassFeb. 21 -- Northrop Grumman and Polska Grupa Zbrojeniowa, Poland's state-owned enterprise, announced plans to collaborate on future defense projects.

- UPI - US

Poland advances in the Women in Work Index.

Poland has moved up by three spots to the ninth place in the latest Women in Work Index report compiled by PwC consultancy. “Poland stands out for achieving the largest annual improvement, rising from 12th to 9th due to fall in female unemployment and an increase in the full-time employment rate,” t...

- Warsaw Business Journal - PL

Mercor profit drops.

WSE-listed producer of fire protection systems Mercor had PLN 1.68 million net profit in Q3 of the 2016/17 fiscal year, compared to PLN 3.12 million recorded last year. Company’s operating profit stood at PLN 3.47 million vs. PLN 5.15 million in 2015/16 fiscal year.

- Warsaw Business Journal - PL

Asseco with new contract in Ethiopia.

WSE-listed IT giant Asseco Poland has signed a $1.3 million deal with the Ethiopian Information Network Security Agency.

- Warsaw Business Journal - PL

State coal group to be listed on WSE within 5 years – Tchórzewski.

Energy Minister Krzysztof Tchórzewski said that Poland might float the Polska Grupa Górnicza after its merger with Katowicki Holding Węglowy is completed. “If our economic assumptions materialized, we would like PGG to move in the footsteps of JSW, i.e. to become a listed company within 5 years,” th...

- Warsaw Business Journal - PL

Platan mall in Zabrze to be extended.

The Platan shopping center in Zabrze is going to be extended and modernized later this year, with Rockcastle, the owner of the mall, planning to launch construction work on the project toward the end of Q2 or at the beginning of Q3. The company is now in the process of selecting the general contract...

- Warsaw Business Journal - PL

CVC Capital Partners to acquire Żabka.

Investment fund CVC Capital Partners will buy the convenience store chain Å»abka from Mid Europa Partners. “”Å»abka is the clear market leader in the modern convenience segment, with a high-quality business model and a talented leadership team. We look forward to working with the management as w...

- Warsaw Business Journal - PL

Government announces plan to reform hospital care.

Polish government adopted a bill aimed to create a network of hospitals to secure basic hospital care, PM Beata Szydło said at a press conference.

- Warsaw Business Journal - PL

Łódź – the most congested city in Europe.

According to the latest edition of the TomTom Traffic Index, Łódź is the city with the highest congestion level in Europe and highest in the world among small cities . With 51 percent, an average citizen of Łódź spends 46 more minutes on his daily commute. During the mo...

- Warsaw Business Journal - PL

Ursus signs deal with Iranian company.

WSE-listed tractor producer Ursus signed a memorandum of understanding with Iran Tractor Manufacturing Company on cooperation in use of tractor components, joint production of engines to markets both firms operate on and broad technological dialog, the company said in a market filing. “The memorandu...

- Warsaw Business Journal - PL

Waszczykowski: dispute over rule of law closed.

Polish Foreign Minister, Witold Waszczykowski said in an interview with Polish Radio, that the dispute with the European Commission regarding changes being made to the Polish Constitutional Tribunal is over. “I expect that the matter will be closed,” he said. “We explained comprehensively what happe...

- Warsaw Business Journal - PL

Publicis Media rolls out NextTechNow globally for clients

Publicis Media has expanded its end-to-end service, NextTechNow, which pairs clients with tech start-ups to Shanghai, Singapore, Warsaw and Dubai.

- Brand Republic - UK

Polish MP: Only joint int'l efforts can stop Ukraine conflict – Radio Poland

Conflict in Ukraine can only be stopped by joint international efforts, a Polish MP has said during a visit to Avdiyivka, which has been under attack by Russian separatists in recent weeks, Radio Poland reported.

- UNIAN - UA

The Zookeeper's Wife: True story of 1940s Warsaw couple who hid Jews in monkey cages

Warsaw zookeeper Jan Zabinski and his wife Antonia are the subjects of a forthcoming film.

- IBTimes.co.uk - UK

Polish woman becomes first foreign female pro 'shogi' player in Japan

A Polish woman has become the first foreign female professional shogi player after pulling off a big win in a tournament on Monday, fulfilling her dream of turning pro. Karolina Styczynska, a 25-year-old native of Warsaw and graduate student at Yamanashi Gakuin University, beat professional player Minami Sadamasu in a ...

- The Japan Times - JP

Poland rejects EU criticism of court changes

Poland's foreign ministry said on Monday in a formal reply to Brussels that changes to the country's constitutional court are in accordance with European standards. The European Commission is worried that the reforms undermine judicial independence of the court. If it deems Poland's answers as unsatisfactory it has the ...

- EU Observer - EU

With Hungarian support, Poland defies EU over rule of law

Poland dismissed on Monday demands that it implement judiciary reforms deemed essential by the European Commission to uphold the rule of law.

- EurActive - UK

Poland considers dispute with EU over rule of law closed

Poland considers its dispute with the European Commission about the country's rule of law closed, Foreign Minister Witold Waszczykowski said Tuesday, a day after Warsaw sent a letter to Brussels defending judicial reforms

- The Daily Star - LB

Messages written in urine reveal secrets of Nazi concentration camp

Some 27 secret letters written in urine from the women's concentration camp in Ravensbruck have been presented to a museum in Poland. It is a fascinating story. See video above. 

- timesofmalta.com - MT

Polish woman becomes first foreign female pro 'shogi' player in Japan

A Polish woman has become the first foreign female professional player of the chess-like Japanese board game shogi after her victory in a match Monday boosted her ranking. Karolina Styczynska, a 25-year-old native of Warsaw who is attending graduate school at Yamanashi Gakuin University, beat professional player Minami ...

- The Japan Times - JP

Poland launches new chopper tender

Polish ministry of defense has launched a new tender for 16 military helicopters. The ministry invited Airbus, Lockheed Martin and Leonardo-Finmeccanica to submit their bids. The first tender, won by Airbus' Caracal machines was canceled in October.

- Warsaw Business Journal - PL

Tusk to Pence: let's not pretend that everything is as it used to be

US Vice President Mike Pence, met with the European Council President Donald Tusk in Brussels and pledged the US commitment to the EU. “Whatever our differences, our two continents share the same heritage, the same values and above all the same purpose, to promote peace and prosperity through freedo...

- Warsaw Business Journal - PL

Poland increases tax revenue by over 20% in January

The first month of new year has been quite good for the state coffers with some PLN 6.7 billion surplus. The revenue from taxes was the main reason for the good results, with VAT revenues increased by 25 percent year-on-year and amounted for nearly PLN 22 billion out of PLN 37 billion revenue record...

- Warsaw Business Journal - PL

Poland with big plans for the e-bus sector

The Polish government wants to create a PLN 2.5 billion electric bus market by 2025 as it plans to offload 1,000 vehicles per year, the Polish Development Fund said.

- Warsaw Business Journal - PL

Poland’s real estate investment attractiveness grew 5% in 2016 – C&W

Poland’s real estate investment attractiveness has increased by 5 percent in 2016, with the total investment volume reaching €5.2 billion, according to Cushman & Wakefield. Relative to its size, Poland has been one of the most liquid European markets in the last decade,” said James Chapman, part...

- Warsaw Business Journal - PL

28% of Polish employees admit to cyberslacking at work

According to a survey conducted by research institute CBOS, 7 percent of employees work on projects for other companies during their working hours, while 28 percent use the internet for non-work-related purposes, including internet surfing, social networks, as well as doing projects for other compan...

- Warsaw Business Journal - PL

Car rental firms Dollar and Thrifty join NFM Group

NFM Group has become the sole representative in Poland for two global brands offering short term car rental services: Dollar Rent a Car and Thrifty Rent a Car.

- Warsaw Business Journal - PL

Warsaw waves off EU demands for judicial reforms to uphold rule of law

Poland has dismissed European Union demands it implement judicial reforms it considers essential to the rule of law. Warsaw risks being stripped of its voting rights in the 28-member EU bloc as a result.

- Deutsche Welle - DE

Poland Tells EU: We Value Democracy, Respect Our Sovereignty

WARSAW, Poland -- Poland's Foreign Ministry says it has written to the European Union in response to the bloc's recommendations on rule of law in the country, the latest step in a standoff between Warsaw's populist government and EU officials concerned about weakening democratic standards.

- Breitbart - US

Poland launches new tender for military choppers

Poland launches new tender for military choppers...

- MENAFN - JO

Czech deputy PM: A 'different' migration is needed

We have to change NATO from a defence pact to tan offensive pact, Andrej Babiš, the Czech minister of finance, who also serves as deputy premier, told Euractiv Poland.

- EurActive - UK

Socialists and Democrats reject Polish 'morning-after pill' restrictions

MEPs from the Socialist & Democrats are pushing back against the latest attempts by the right-wing government in Warsaw to clamp down on access to contraception, calling it an attack on women".

- EurActive - UK

ZYX Target launches operations in Romania

IT company ZYX Target has launched its office in Romania and started working with three biggest local database wholesalers in the country, the company said, adding that it expects PLN 6 million income per annum from the local activity.

- Warsaw Business Journal - PL

Eurostat: Energy consumption on the rise in Poland, falls in EU

According to Eurostat data, the gross energy consumption in Poland in 2015 amounted to 95.4 Mtoe , which is up from 92.2 Mtoe used in 2005 and down from the 1990 levels of 103.3 Mtoe.

- Warsaw Business Journal - PL

WSE suspends trading of Orco Property Group

WSE has suspended the trading of Orco Property Group shares after Poland’s financial watchdog KNF filed such motion. KNF demand stems from the Orco suspending its trade on the Luxembourg Stock Exchange. The company decided to withdraw its shares from the market after its majority shareholder, CPI Pr...

- Warsaw Business Journal - PL

Amazon to open its 4th logistic center in Poland

US e-commerce giant Amazon will open its fourth Polish logistic center in Sosnowiec, the company said. The new facility will handle independent SMEs that sell its products through the Amazon website.

- Warsaw Business Journal - PL

JP Morgan increases its forecast for Poland’s GDP growth

JP Morgan economists have revised their GDP forecasts for Poland to 3.4 percent in 2017 and to 3.2 percent in 2018 . Furthermore, the bank doesn’t expect inflation to reach the Polish Central Bank target of 2.5 percent and expects the interest ra...

- Warsaw Business Journal - PL

Major tenant stays in Poleczki Business Park in Warsaw

Engineering and project consulting company ILF Consulting Engineers Polska has renewed its lease agreement for approximately 4,200 sqm of office space in the Poleczki Business Park complex in southern Warsaw. JLL represented the tenant in his negotiations with UBM, the developer of the project. The ...

- Warsaw Business Journal - PL

Energa plans €250 million bond issue in Q1

WSE-listed power utility Energa plans to sell a minimum €250 million bond issue this quarter, the company said in a market filing.

- Warsaw Business Journal - PL

US-insurer with 5% stake in Pekao Bank

US insurance company Massachusetts Mutual Life has increased its stake in Bank Pekao to 5.35 percent making it the third biggest shareholder of the bank.

- Warsaw Business Journal - PL

Famur with better than expected profit

WSE-listed mining machinery producer Famur posted PLN 26.2 million in net profit for Q4 2016, up from PLN 6.4 million recorder in Q4 2015, the firm's financial report showed. The analysts predicted a PLN 24.5 million profit. For the full year, the profits stood at PLN 93.8 million, representin...

- Warsaw Business Journal - PL

Krakow JCC Poland receives grant to create pluralistic Jewish nursery school

KRAKOW, Poland , The  JCC of Krakow has received a $500,000 grant from the New York City-based Eric and Erica Schwartz Family Foundation, the largest single grant awarded to a Polish Jewish organization in the last 20 years, The funds will support the creation of an Early Childhood Center at JCC Krakow located in...

- JTA - US

Poland tells EU: We value democracy, respect our sovereignty

WARSAW, Poland " Poland's Foreign Ministry said Monday it has written to the European Union in response to the bloc's recommendations on rule of law in the country, the latest step in a standoff between Warsaw's populist government...

- The New Zealand Herald - NZ

Poland tells EU: We value democracy, respect our sovereignty

Poland's Foreign Ministry says it has written to the European Union in response to the bloc's recommendations on rule of law in the country, the latest step in a standoff between Warsaw's populist government and EU officials concerned about weakening democratic standards.

- Stars and Stripes - US

Sweden fights back as foreign leaders make up bad news

Not only Donald Trump but also Poland's Jaroslaw Kaczynski, Hungary's Viktor Orban and Norway's Siv Jensen have been bashing Sweden over its once liberal migration policy in recent years.

- EU Observer - EU

Amazon to open its fifth logistics center in Poland

WARSAW - U.S. online retailer Amazon.com Inc will open its fifth logistics center in Poland this year, it said on Monday, seeking to benefit from the country's relatively low wages and proximity to the large German market.

- Reuters - US

Chengdu to run 1,000 cargo trains to Europe in 2017

SOUTHWESTERN China's city of Chengdu is expected to run 1,000 cargo trains to Europe in 2017, more than double the number last year, the Chengdu International Railway Services Company said Monday. Chengdu, capital of southwest China's Sichuan Province, ran 460 cargo trains to cities in Poland, the Netherlands and Germany ...

- Shanghai Daily - CN

China to run 1,000 cargo trains to Europe in 2017

The southwestern hub has planned three major rail line services to Europe, with a middle route to Germany, Poland and the Netherlands, a southern route to Turkey and beyond, and another northern route to Russia.

- Times Of India - IN

Asseco SEE increases Q4 profit

Asseco SEE, a unit of Polish IT giant Asseco Poland, posted a PLN 20.18 million Q4 2016 attributable net profit, beating market expectations of PLN 12.6 million. In Q4 2015, the profit stood at PLN 11.09 million.

- Warsaw Business Journal - PL

PM Szydło leaves hospital

Polish Prime Minister Beata Szydło left hospital on Friday after suffering minor injuries in a car accident a week ago.

- Warsaw Business Journal - PL

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