Business Portal for Poland - Polish Market - PMR

UK’s Yasa Motors to launch production in Mielec in Q1

Thu, 02 Feb 2012 00:00:00 +0100

Yasa Motors, a British maker of electric motors for automotive, industrial and other sectors, has received the green light for a manufacturing investment in the Euro-Park Mielec ...

BIEC: economic climate dips in January

Tue, 31 Jan 2012 00:00:00 +0100

The Leading Indicator (WWK), which provides information on future trends in the economy, shed 0.6 points in January, the Bureau for Investments and Economic Cycles (BIEC) reported. ...

Sejm passes 2012 budget

Sun, 29 Jan 2012 00:00:00 +0100

The Sejm on 27 January voted to approve the 2012 budget, with only minor adjustments. The bill pencils in revenues of PLN 293.7bn (€69.1bn) this year and expenditures of PLN ...

PAIiIZ survey: perceived barriers to FDI in 2011

Sun, 29 Jan 2012 00:00:00 +0100

Cumbersome or insufficient investment support procedures, rigid labour laws and overly complex tax regulations were mentioned by foreign investors as key barriers to foreign direct ...

GDP growth at 4.3% in 2011

Sun, 29 Jan 2012 00:00:00 +0100

In 2011 Poland’s gross domestic product grew by 4.3%, which represents an acceleration compared with the previous year, according to preliminary estimates from the Central ...

WSK-PZL Rzeszow gets PLN 80m UE grant for big R&D project

Fri, 20 Jan 2012 00:00:00 +0100

WSK-PZL Rzeszow, the maker of aerospace components owned by Pratt & Whitney, has been awarded an EU grant worth PLN 81m (approx. €18.7m) from the Polish Agency for Enterprise ...

Industrial output up by 7.7% y-o-y in December

Thu, 19 Jan 2012 00:00:00 +0100

Industrial output rose by 7.7% y-o-y in December, a deceleration compared with the previous month, according to data from the Central Statistical Office (GUS). The result was however ...

Poland holds steady in global economic freedom league

Sat, 14 Jan 2012 00:00:00 +0100

Poland climbed four places to be rated the 64th freest economy in the world (out of 179 countries covered) in the 2012 Index of Economic Freedom, an annual ranking list by The Wall Street ...

Capgemini opens new office, plans to create 500 jobs in 2012

Fri, 13 Jan 2012 00:00:00 +0100

Capgemini, the global IT services and business consulting firm, announced a major expansion of its operations in Poland with the opening of a new IT service centre in Opole and plans ...

Brussels commends Poland on deficit reduction

Thu, 12 Jan 2012 00:00:00 +0100

Poland has taken adequate steps to correct its excessive deficit and bring it below the European Union’s limit of 3% of GDP this year, the European Commission announced on 11 ...

Samsung, PGW, TJX receive state aid for investment projects in Poland

Wed, 04 Jan 2012 00:00:00 +0100

The government on 3 January awarded state aid worth PLN 14.7m (approx. €3.3m) to three foreign companies in support of direct investments in Poland worth a combined PLN 560m ...

Expiry of anti-crisis labour-code reforms

Mon, 02 Jan 2012 00:00:00 +0100

Several temporary reforms of labour laws designed to protect jobs during the downturn expired on 31 December, after being in force for nearly two and a half years. Most business groups ...

Current account deficit at €4.7bn in Q3

Sun, 01 Jan 2012 00:00:00 +0100

The current account balance in the third quarter of 2011 was negative and amounted to -€4.71bn, which translates into 5.2% of GDP in Q3, according to preliminary data from the ...

President signs crucial budget-related bill

Sun, 01 Jan 2012 00:00:00 +0100

President Bronislaw Komorowski on 27 December signed into law a key budget-related bill introducing several fiscal measures that are important parts of the government’s fiscal ...

Federal Mogul to invest PLN 40m in Gorzyce plant

Fri, 30 Dec 2011 00:00:00 +0100

Federal Mogul, the US auto parts manufacturer, is planning a further expansion of its factory of pistons for combustion engines in Gorzyce (Podkarpackie voivodship), in the Tarnobrzeg ...