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The Warsaw Voice » News from February 16, 2017
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MAGAZINE LATEST ISSUE
Oct. 25 marked a year since Polandís conservative Law and Justice (PiS) party won parliamentary elections, beating the centrist Civic Platform (PO) and securing enough seats to form a majority government with Prime Minister Beata Szydło at the helm.
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Business
Poland may enjoy over 3.5% year on year GDP growth in 2017, thanks to a clear acceleration in investments, still strong consumption and public spending as well as rising exports, deputy PM, Finance and Development Minister Mateusz Morawiecki told TV audience.
Business
Poland's coalminer PGG, which is to be merged with rival KHW, will require over PLN 3 billion in investments within the next two years, Energy Minister Krzysztof Tchorzewski told reporters.
Business
Poland wants to increase the average household income in Poland to 76-80% of the EU average by 2020 and to 100% by 2030 thanks to the implementation of the responsible development plan, approved by the government.
Business
Cooper giant KGHM will write USD 1.242 billion in impairments including tax impact against foreign assets, including PLN 1.036 billion for its key Chilean mining operations at Sierra Gorda, the firm said in a market filing.
Business
Insurance group PZU lost the race for providing insurance for the nation's farmers with TUW Pocztowy, the insurance arm of Poland's post postal services provider Poczta Polska.
Business
Czech utility EPH will want to buy the Rybnik power plant from Poland if its current French owner EDF sells the assets to the Polish consortium of PGE, Enea, Energa and PGNiG Termika, EPH's PR officer Petra Stastna told the daily Dziennik Gazeta Prawna.
Business
Poland's railway operator PKP plans to start modernization of over 100 railway stations by end-2017 to have 464 stations modernized by end-2023 for a total cost of over PLN 4 billion.
Society
Power group PGE has taken another government minister to its management board.
Business
Poland's farming real estate agency ANR purchased a 5% stake in sugar producer KSC for nearly PLN 40 million, exercising its pre-emptive rights to firms with land banks, the daily Dziennik Gazeta Prawna reported.
Business
Power group Tauron launched its first intelligent low-voltage electric substation, which will allow the company to identify disruptions in power supplies even before they are reported by clients.
Law
The reform of courts planned by the Justice Ministry could prolong rather than accelerate proceedings of civil cases, Rzeczpospolita daily writes.
Business
Heineken's brewing group Zywiec suffered a 8.6% year on year decrease in 2016 attributable net profit to PLN 272.6 million on falling revenues and expects beer sales to be similar in 2017 vs. 2016, group financial statements out Wednesday showed.
Business
The Polish government is likely to pursue opportunities of re-polonization in the energy sector, deputy PM, Finance and Development Minister Mateusz Morawiecki said in an online interview for portal Onet.
Business
Polish construction sector firms are switching to purchasing construction materials abroad in order to circumvent the reverse VAT charge (where the VAT is paid by the buyer rather than the seller) introduced as of the beginning of 2017, the daily Gazeta Prawna reported.
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