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The Warsaw Voice » Business » March 3, 2014
Business & Economy
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In Brief
March 3, 2014   
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Better Results for Furniture Industry?
The value of Polish furniture exports will increase to 7.3 billion euros this year, according to furniture industry analysts from the B+R Studio company. Last year, sales of Polish furniture abroad totaled 6.9 billion euros. Exports to developing countries are expected to be much higher this year than last, while exports to EU member states are expected to rise around 3 percent.

New Flights from Warsaw to Milan
Italian carrier Alitalia is March 30 launching new flights from Warsaw’s Chopin airport to Milan’s Linate airport.
On Monday, Wednesday and Friday, flights will leave Warsaw at 3:30 p.m., arriving in Milan at 5:40 p.m. Sunday flights depart at 2:25 p.m. and arrive at 4:35 p.m.

Lower Profits for Banks
Banks in Poland had lower net profits last year compared to 2012, estimates from Poland’s central bank have shown. In 2012, banks in Poland managed a net amount of zl.15.5 billion. Comprehensive data for the whole of 2013 is not available yet, but the central bank has released data for the first 11 months showing that over that time, banks in Poland reported a net profit of just over zl.14 billion, which was almost zl.1 billion less than in the first 11 months of 2012.

EU Funds for Polish Provinces
Poland’s 16 provinces will receive 31.2 billion euros (zl.130.5 billion) in EU funds for regional operational programs in 2014-2020. The amount is 14 billion euros more than provinces in Poland received in 2007-2013. The funds will mostly be used to enhance the competitiveness of Polish regions, improve residents’ quality of life and eliminate development barriers.

Gov’t Expects zl.3.7bn from Privatization
Revenue from privatization is expected to total zl.3.7 billion this year, deputy treasury minister Paweł Tamborski has said. According to Tamborski, direct privatization will account for zl.1.2 billion of the amount, while the rest will come from transactions on the stock exchange.

Last year, privatization produced revenue of zl.4.4 billion, which was zl.600 million less than planned.
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