Category: Poland Market

Instantly update and podcast Poland Market News and Analysis from varies financial media and provide a sitemap with financial news summary & link to latest Poland Market News for the one who wanted to catch up Poland Market change in timely manner.

S. Korea to advise on Poland’s 3-year airport project

SEOUL, Feb. 26 (Yonhap) — South Korea’s main airport operator will provide consulting for Poland’s new airport project in the next three years, the transport ministry said Friday. The Incheon International Airport Corp. (IIAC) clinched a deal from Poland’s Centralny Port Komunikacviny (CPK) to offer consulting services as a strategic adviser…

Europe’s underground abortion network

Feb 27th 2021WANDER AROUND any Polish city and the same phone number pops up on an array of unlikely surfaces. It is scrawled on bus stops and billboards. It can be daubed on the side of a church. Head online and the same number (+48 222 922 597) appears in people’s usernames. Those who dial it are put through to Kobiety w Sieci (“Women on the…

Aviva pushes back bid deadline for Polish unit over Santander contract – sources

Breadcrumb Trail Links PMN Economy PMN Business Author of the article:ReutersPamela Barbaglia and Stephen JewkesPublishing date: Feb 24, 2021  •  24 minutes ago  •  3 minute readArticle contentLONDON — Aviva has pushed back the deadline for final offers for its Polish operations to late March as the British insurer is…

Currencies ease as region fights third wave of COVID-19 infections

Article contentBUDAPEST — Central European currencieseased on Wednesday, pressured by governments in the regionannouncing new restrictions to combat the COVID-19 pandemic. A recent spike in coronavirus cases is putting renewedpressure on CEE countries that were hit hard by the second waveof the pandemic in the fall. However, better-than-expected…

Germany eyes post-COVID growth in Poland

Since the Law and Justice Party (PiS) came to power in 2015, the EU’s sixth-largest economy has drawn attention primarily over its alleged democratic backsliding. At the same time, however, the resilience of the Polish economy has been astonishing. The Eastern European Development Bank (EBRD) expects 3% growth in 2021, which would make Poland…

Currencies and stocks ease, bond yields track rise in US and Germany

BUDAPEST — Central European currencies and stocks weakened on Monday and bond yields rose, tracking western markets on worries about the risk of higher inflation. The Czech crown eased 0.25% to trade at 25.922 per euro while the Polish zloty was 0.34% weaker at 4.4966 to the euro. The…

Northvolt to invest $200 mln in new Polish battery plant

Article content STOCKHOLM — Swedish lithium-ion battery maker Northvolt said on Friday it will invest $200 million in a new energy storage systems factory in Gdansk, Poland. China currently hosts roughly 80% of the world’s lithium-ion cell production, but with demand expected to soar over the next decade Europe’s capacity is set to expand quickly. “Securing

LMAX Migrating Its Polish Clients to Local Broker Conotoxia

The United Kingdom-headquarter LMAX Global has decided to transfer the accounts of its Polish clients to the local FX brokerage platform Conotoxia. Conotoxia Ltd. operates its foreign exchange operations with two domains Cinkciarz.pl, which is its Polish website, and Conotoxia.com. Its base in Poland is getting stronger with a massive rise in its revenue

Shares in Huuuge jump 5% in Poland’s biggest gaming firm debut

Article content GDANSK — Shares in mobile games developer Huuuge Inc. jumped 5% on its market debut in Warsaw on Friday, following Poland’s largest gaming industry listing to date. U.S.-registered Huuuge, which employs more than 400 people in Poland, adds to a string of companies that have sought listings as people spend more time online for entertainment,

Polish FX Exchange Conotoxia Plans IPO after 2020 Revenue Surge

Conotoxia Holdings, an operator of Cinkciarz.pl and a few other Conotoxia brands, announced on Thursday its intentions to become a public company after ending 2020 with an exceptional surge in revenue. The group company’s business spans over a wide range of services, including currency exchange, money transfer, forex cards, and even payments, and

Poland: GDP slides at steeper pace in Q4

According to a preliminary reading, the economy shrank at a steeper rate in the final quarter of 2020, with GDP decreasing 2.8% year-on-year, below the 1.5% contraction tallied in the third quarter. The reading came in slightly above market analysts’ expectations of a 3.0% drop. On a seasonally-adjusted quarter-on-quarter basis, economic activity

Currencies stable, stocks firm as markets eye economic data

Article content BUDAPEST — Most Central European currencies were little moved on Monday as U.S. markets were closed for a holiday and liquidity was low, while investors were eyeing economic data that could shed more light on the effects of the coronavirus pandemic. The Polish zloty firmed 0.23% on the day to 4.4870, a touch stronger than the psychological

Poles rush to ski, drink and party as COVID-restrictions eased

Article content WARSAW — Dancing, drinking and fighting marked the easing of some COVID-19 restrictions in Poland over the weekend as tourists, many without masks, let off steam in the ski resort of Zakopane. Poland allowed ski slopes to reopen from Friday for a two-week trial period, with cinemas, theaters and hotels also allowed to open at a maximum

Polish media tax `unacceptable’, says coalition partner

Article content WARSAW — A proposed tax on media advertising in Poland is unacceptable in its current form, a junior partner in the government said on Friday, raising doubt over whether parliament could pass a bill critics say threatens media independence. The objections of Accord, a centrist partner in the conservative United Right coalition, are

Poland’s PGE, Denmark’s Orsted clinch final deal on Baltic wind projects

Article content WARSAW — Poland’s biggest power group PGE and Denmark’s Orsted clinched a final deal on Wednesday to jointly develop two offshore wind projects in the Baltic Sea, with a combined capacity of 2.5 gigawatts (GW), the firms said. PGE, which now generates most of its electricity from coal, has been discussing the project with Orsted,

EPEX SPOT and ECC launch Polish Day-Ahead products

The European Power Exchange EPEX SPOT and its clearing house European Commodity Clearing (ECC) have launched a Day-Ahead market in Poland, extending their offering in Central Europe.  This was enabled through the Polish Multi-NEMO Arrangement (MNA) implemented on 9 February. On the first day, 1,347 MWh were traded on the Polish Day-Ahead market

Virgin Obit In Deal To Launch Satellites For Polish Company

LONG BEACH, Calif.: Southern California-based Virgin Orbit said Tuesday it has signed an agreement to launch a pair of small satellites for a Polish company later this year. The agreement with SatRevolution of Wroclaw, Poland, comes less than a month after Virgin Orbit conducted the first successful flight of its air-launched LauncherOne rocket. The
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