Poland strongly opposes the “economic expansion” of Russia and inhibits the penetration of Russian business into the country at the political level, behind the scenes. Mistrust towards Russia is boosted by Polish journalists publishing polls on the subject, comments of prominent politicians and questionable verdicts of the Polish security service. Continue reading
Alcohol is a powerful temptation – as William Carey, the CEO of Central European Distribution Company (CEDC), a leading Polish and Russian vodka producer, has found out.
Carey, a former US golf pro who stormed onto Poland’s antiquated alcohol market in the early 1990s, swiftly became one of the country’s largest alcohol producers and distributors. Continue reading
Poland has a strong investment environment and welcomes more Chinese companies to invest in the country, a senior Polish economic official say.
“I want to tell the Chinese business communities and entrepreneurs that the investment environment in Poland is the best,” Slawomir Majman, president of the Polish Information and Foreign Investment Agency, told Xinhua. Continue reading
Poland has traditionally been a ravenous importer of capital, but the country’s growing wealth coupled with international instability is prompting business and the central and local governments to turn to the domestic bond market – with surprisingly strong results. Continue reading
Polish bonds beat German bunds and U.S. Treasuries in risk-adjusted returns since Europe’s debt crisis started three years ago, indicating the country that restructured a $35 billion debt load two decades ago is becoming a regional haven. Continue reading
Poland may try to line up a real estate fund as an investor in property group PHN as part of attempts to ensure it fetches the planned 1 billion zlotys ($315 mln) from an initial public offering planned for later this year, sources told Reuters. Continue reading
LiuGong Machinery, the Chinese quarrying and mining equipment manufacturer based in Liuzhou, has finalised an agreement to acquire Poland’s Huta Stalowa Wola (HSW) and its distribution subsidiary Dressta, which is a well known brand for large dozers and wheel loaders used in mining. The agreement was signed by both companies’ executives in Warsaw. Dressta models include the 5.7 m3 bucket 560E wheel loader and the 68 t TD-40E crawler dozer. Continue reading
Russiaâ€™s largest lender, OAO Sberbank, is eyeing business opportunities in Poland. The bankâ€™s move into the country, if successful, would be the first high-profile Russian investment in Poland since tensions between the two countries have eased in recent years. Continue reading
Three Philips employees including the former director of Philips Poland are appearing in court next month. They are accused of bribing Polish hospital managers to buy all their medical equipment from the Dutch multinational. Continue reading
One of the biggest deals yet by a Chinese company in Poland is nearingÂ completion, with negotiations between Guangxi LiuGong Machinery andÂ Huta Stalowa Wola (HSW) expected to be completed within two months, according toÂ the Polish company.
The sale of part of the assets of state-owned HSW is expected to fetchÂ more than 250m zlotys ($94m), according to the RzeczpospolitaÂ newspaper. The plan is for the Chinese machinery company to rampÂ up production of bulldozers at HSWâ€™s plant in eastern Poland. Continue reading