Poland investors worried by budget plan
Poland may delay complying with the European Union's deficit limit, disappointing investors, according to a draft four-year financial plan reported Thursday night by the PAP newswire.
Budimex, Ferrovial unit, bets on power, rails as Poland's boom rumbles on
Budimex SA, the Polish unit of Ferrovial SA, is seeking to expand into power and rail construction projects to maintain earnings as record road contracts begin drying up in central Europe's biggest economy.
PKN Orlen says zloty falls to hit Q2 net profit
Top Polish refiner PKN Orlen said Thursday that second-quarter net profit would be hit by foreign exchange losses, although operating profit could remain steady on the year on oil price gains.
TPSA interested in buying Aster
TPSA ended the second quarter with 453,000 TV subscribers, or 89% more than the 239,000 posted a year earlier. The majority (340,000) opted for its DTH rather than IPTV offer, and the company added 36,000 new TV customers in the second quarter.
Poland: plenty of shale gas, but problems, too
Poland's wealth of natural gas trapped in shale could feed the country's energy demand for centuries, support an export industry and end its reliance on Russian imports, say industry executives.
BZ WBK 2Q net profit below expected
Bank Zachodni WBK SA said Wednesday that its second-quarter net profit was marginally lower than a year earlier, as higher interest income was offset by higher provisions and costs.
Poland's foreign ministry loses millions in Strasbourg court rulings
Poles are winning more and more cases against the state at the European Court of Human Rights but Poland's foreign ministry says it can't afford all the damages it has to pay out as a consequence.
Mecom's online revenue rises 47%
European newspaper publisher Mecom has smashed market expectations to report pre-tax profits of 29.5m (Ł24.6m) in the first six months of the year, as online newspaper ad revenue surged 47% and circulation revenues climbed 2%.
SIAC to build 450m Polish motorway
SIAC Construction has won a major contract to build a motorway in Poland, worth over 450m. The Irish company will start work on the 35km motorway between Krakow and Rzeszow next month, and is expected to take two years to complete.
Pawlak Says Poland Needs Decisions to Curb Debt, May Raise VAT
Poland's government "needs decisions" to keep public debt from exceeding legal limits next year and may find it easiest to augment revenue by increasing value-added tax rates, Economy Minister Waldemar Pawlak said Wednesday in an interview on Polish Radio 3.
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Major disruption to Warsaw airport schedule in September
Air traffic at Warsaw's Frederic Chopin Airport will be severely disrupted in three weekends in September due to runway renovation.
Poland to keep control of Warsaw Stock Exchange after IPO
The Polish Treasury will vote at the Warsaw Stock Exchange's general meeting Friday for changes which will secure its control of the business after an initial public offering planned for later this year.
Tax hikes?
Raising disability contributions to plug the gaping hole in public finances is not a good idea, Labour Minister and a senior junior-coaltion party official Jolanta Fedak told public radio early on Thursday referring to media speculation the contributions may be hiked.
BZ WBK holds four meetings with bidders
Bank Zachodni WBK SA, the Polish lender being sold by Allied Irish Banks Plc, has held four meetings with potential investors, Chief Executive Mateusz Morawiecki said on Wednesday at a press conference in Warsaw.
Orlen sees profits, lower costs
PKN Orlen SA, Poland's largest oil refiner, forecasts that it will post net income for the second quarter due to lower operating costs and price movements on the oil and product markets.
Poland to beef up military helicopter fleet
Poland's defence ministry is to issue a tender for 26 helicopters as part of a continued modernisation of the armed forces.
TPSA net income declines less than analysts estimated
Shares of TPSA rose to a two-month high after Poland's largest phone company said second-quarter profit fell by a less-than-estimated 13 percent.
Jeronimo Martins 2Q strong net profit growth
Portuguese retailer Jeronimo Martins SGPS SA said Wednesday its second-quarter net profit rose 47%, underpinned by strong sales growth in Portugal and Poland.
Talisman hunts for shale gas in Poland
Canada's Talisman Energy Inc. has broadened its shale gas focus to Poland, with plans to drill its first three wells in the undeveloped European play in the middle of next year.
DP Poland starts trading on AIM
Shares in DP Poland, the master franchise owner of Domino's Pizza stores in Poland, were admitted to trading on AIM Wednesday morning.
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Poland's defence ministry is to issue a tender for 26 helicopters as part of a continued modernisation of the armed forces.
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