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The Warsaw Voice » Business » November 3, 2014
Business & Economy
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In Brief
November 3, 2014   
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U.S. IT company Cisco, which employs about 500 workers in its centers in the southern Polish city of Cracow, plans to increase employment there to more than 1,000 over the next two years. At the end of the year Cisco plans to open its third—and largest—office in Cracow. The company is primarily seeking engineers with several years of experience as well as specialists in areas such as finance and human resource management. Cisco provides products and services to the communication and information technology industries.


Automotive
Volkswagen Poznań has started building what it says will be Europe’s most modern plant manufacturing light commercial vehicles at Białężyce on the outskirts of Wrze¶nia near the western Polish city of Poznań. The plant will create around 3,000-3,200 jobs and produce 100,000 vehicles a year. According to Volkswagen Poznań CEO Jens Ocksen, the new factory may be one of the last projects on such a large scale in this sector in Europe. Currently, car production is mainly located in countries such as Brazil, India or China.


Finance
Polish public debt shrank to around zl.756 billion at the end of August this year, falling by 9.8 percent (zl.82.3 billion) from the end of 2013, the Finance Ministry said. The decrease was chiefly due to the redemption of bonds taken over from Open Pension Funds (OFE).


Industry
Industrial space developer Panattoni Europe is building a 10,500-square-meter production hall in Chmielów in the southeastern Polish province of Podkarpackie, within the Tarnobrzeg Special Economic Zone, for Pilkington Automotive Poland. Pilkington, one of the largest manufacturers of glass for the automotive industry, aims to expand its Polish plant without interrupting production. Earlier Panattoni modernized Pilkington’s glass factories in Poland. Panattoni has also recently completed two storage facilities (246,000 sq m) for online sales giant Amazon in Poland.
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