Sale of Polkomtel Raises Serious Interest among Major Investors Jaroslaw Bauc, president of Polkomtel at the company’s debut on Newconnect market last September Polish telecom Polkomtel, to be sold by Polish owners including PKN Orlen, KGHM and PGE, is considered as a possible buy opportunity by powerful sector and financial investors. Spanish telco Telefonica, Swedish telco TeliaSonera and Norwegian…
Agreement between PAIiIZ and the Universities in Łódź On the 18th of November 2010 at the City Hall of Łódź, a press conference took place during which an agreement was signed between PAIiIZ and the University of Łódź, Technical University of Łódź and the Medical University. The Agreement was signed, at the presence of the President of the…
Ernst & Young’s new investment On the 17th of November at the PAIiIZ’s conference centre a press conference was held, during which brand new investment of Ernst & Young was announced. In spring 2011, E&Y will open its new shared service centre in Wrocław, which will provide many attractive workplaces for young and educated Poles.…
Poland’s Inflation Seen Flat – Economy Ministry Poland's consumer inflation should hold flat at 2.8 percent in November and should not exceed 3.0 percent to end-year, Economy Ministry analysts said in a comment to October inflation data. "According to Economy Ministry analyst estimates, November prices will grow at a pace close to that recorded in October," the…
Lower Budgetary Deficit, No Reason for Contentment? Poland's budgetary receipts after 10 months of this year amounted to 82.1 percent of the FY budgetary plan, while the budget deficit at end-October stood at 41.8 billion zlotys, below the government forecast for PLN 51.1 billion zlotys, Parkiet writes. Such results were possible thanks to good revenues from indirect…
Government plans deep job cuts in ministries The government is to submit plans to parliamentary committees next week to cut the number of Poland’s civil servants by up to 10 percent as part of its austerity drive. The plan will mean savings of 1 billion zloty (250,000 million Euros) in the first year and 1.8 billion zloty…
UK ‘intransigent’ over EU budget, says EP president Buzek President of the European Parliament Jerzy Buzek has accused Britain and other nations blocking a conclusion to EU budget negotiations for 2011 of “intransigence” and “throwing the baby out with the bath water” as talks stalled again on Monday. The EU effectively has no budget for next year and a…
Poland to Accept Binding Offers for Pulawy and Police till Nov. 30 Poland prolonged the deadline for submitting binding offers for chemical firms Police and Pulawy yet again, until November 30 from November 16, deputy Treasury Minister Adam Leszkiewicz told PAP. Poland had received requests for extending the deadline from two investors, one of them being a company set up by Pulawy's…
Finance Minister: Poland May Join Euro Zone in 2015 Poland stands chances of adopting the Euro in 2015 if current macroeconomic conditions hold, deputy Finance Minister responsible for euro adoption Ludwik Kotecki told “Polska The Times” daily in an interview. "Although it remains too early to officially announce that this date is the official government target," Kotecki underlined, adding…
Asian Confectionery Giant to Build Five Plants in Poland Japanese food processor Lotte, which recently bought Polish confectionery maker E.Wedel, plans building five plants in Poland worth almost 200 million Euros, Rzeczpospolita daily found out. Lotte wants Poland to be the central point of its European operations. Lotte Group, which is based in Tokyo, has annual sales of about…