Hamilton Sanstrand in Rzeszów The American company chose Rzeszów for its project in the production and services sector. The new factory will produce and repair APU engines (auxiliary power unit) which power aircraft during parking on an airport ramp and constitute an emergency power source during flights. The project is expected to cost EUR20…
Federal Mogul extends its operations in the Tarnobrzeg SEZ Federal Mogul to extend its factory in Gorzyce. The company plans to construct two automatic production lines for the production of engine pistons (for gas and diesel engines). The investment will substantially increase the level of production and will help the company distribute more products to European markers. To make…
Uflex Group to invest in Poland Uflex first European manufacturing project will be located in Poland. India’s UFLEX Group (formerly known as the Flex Group) is one of the world’s 5 largest manufacturers of flexible packaging films (flexible laminates & pouches, plain and metallised BOPET/BOPP/CPP/coextruded films). In keeping with its core policy of being as close…
Poland receives EU redundancy aid Poland is to receive 454,000 Euros in EU globalization fund aid for sacked workers in the south eastern Podkarpacie province. The European Commission has just approved a request on the matter filed by Warsaw. The assistance scheme is to embrace redundant crews of three major machine tool companies producing equipment…
NBP President: 2011 GDP Growth Seen at Just Above 4 pct Poland's GDP growth will likely measure slightly above 4% in 2011, NBP president Marek Belka told a news conference yesterday. "In 2011 we assume growth of slightly above 4%," Belka said. "A risk factor for GDP growth both in Poland and in the world is the need to carry out…
Poland Must Speed up Privatization – NBP President Advisor Poland needs to implement a series of cost saving measures as the changes in private pension funds OFE will not be enough to bring the deficit down to 3% of GDP, advisor of NBP President Halina Wasilewska-Trenkner told the daily Parkiet. Poland should definitely accelerate privatization, she added. Tax hike…
Warsaw Launches Privatization of EU’s Biggest Municipal Heating Network Operator The city of Warsaw officially launched the privatization of Warsaw-based heating company SPEC SA, which operates European Union’s biggest municipal heating network, deputy mayor of Warsaw Jaroslaw Kochaniak announced on Friday. The deal may hinge on the sale of Vattenfall’s heat generation unit, which supplies distributor SPEC, according to Bloomberg…
Fate of Mazeikiai refinery decided by Orlen this month? Poland’s oil giant, PKN Orlen is to decide on the fate of its Lithuanian refinery in Mazeikiai at the end of February, the company announced, Thursday. A decision is expected to be made after the presentation of an analysis and resulting recommendation on the future of Orlen Lietuva, drawn up…
Manpower: the World Is Entering the Human Age Employers have discovered that the right talent is more important than ever, but at the same time, talent is becoming a scarce resource. Manpower Inc., world leader in innovative workforce solutions, announced at the World Economic Forum (WEF) in Davos, Switzerland, the dawn of a new world era; the Human…
New investments in the Legnica SEZ The SEZ closed 2010 with 4 permissions for new projects. The projects worth jointly PLN197 million will be executed in 2011. Investors will create over 180 workplaces. Employment has been growing steadily also in companies which have been active in the region outside the zone due to partnerships with the…