BSH Sprzęt Gospodarstwa Domowego invests in Łódź The concern increases production of clothes dryers in Łódź. BSH wants to invest PLN 80 mln and create 20 jobs. This will be the company’s third development project located in the Łódź Special Economic Zone. The concern was granted two business activity permissions in the SEZ in 2004 and 2010.…
Poland Eyeing Benchmark Issue in 2011 in EUR or USD Poland intends to hold a benchmark issue on one of the core markets in dollars or euros and a private placement in 2011 but remains flexible on exact timing, deputy Finance Minister Dominik Radziwill told reporters in Katowice. "It will be pre-financing of next year's borrowing needs," Radziwill said. "As…
Value of Polish Investment Abroad Expected to Skyrocket This Year Polish companies are stepping up their foreign assets purchases, as their pooled spending on foreign acquisitions roughly doubled year on year to over 900 million euros in 2010. It may skyrocket to 3.9 billion euros this year, provided that the largest transactions announced by WSE-listed giants, copper group KGHM and…
International Investors Interested in Purchasing PKP Cargo Both industry and financial investors, from Poland and abroad, file offers for Poland's railway cargo transport firm PKP Cargo, the second largest company of the kind in Europe. Bidders might include Czech railways unit ED Cargo, who would need a support of the Czech state or a fund to afford…
Poland’s Economy to Grow 3.8 pct This Year – IMF Poland's GDP will likely grow by 3.8% in 2011 and by 3.6% in 2012, Antonio Borges Director of IMF’s European Department said, in Warsaw on May 13, during the presentation of the International Monetary Fund's latest edition of the Regional Economic Outlook report. Currently, the IMF forecasts Poland's average HICP…
WSE Launches New Index WIG Ukraine WSE CEO Ludwik Sobolewski presenting WIG-Ukraine at a briefing on May 4. The Warsaw Stock Exchange yesterday for the first time quoted its new index WIG Ukraine, consisting of five listed companies located in Ukraine. The companies include Agroton, Astarta Holding, Kernel Holding, Milkiland and Sadovaya Group. Another two Ukraine-based…
By 2012 40pct of Hospitals Should Operate as Companies Under New Law Poland's new health care system legislation, to be signed by President Bronislaw Komorowski this week, may result in a surge in the number of hospitals transformed into companies owned by local authorities, the daily Dziennik Gazeta Prawna writes. According to the new law, hospitals that generate losses (and losses were…