Poland pushes for Saudi investment in key projects
Polish Prime Minister Donald Tusk yesterday emphasized his country’s desire to expand cooperation with Saudi Arabia in the areas of oil, defense, food industry, medical services, health tourism and financial services.
“We also want to increase trade exchange,” the prime minister said while addressing businessmen at the Council of Saudi Chambers in Riyadh, which was attended by members of the Saudi-Polish Business Council. Continue reading
Russians revive Polish vodka company
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 welcomes more Chinese investment
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
Polish bond market: banks get in
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
Beating Germany Makes Poland Haven in Europe
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 seek partner in real estate IPO-sources
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
Chinese acquire Polish mining wheel loader/dozer manufacturer
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
Russian Bank Eyes Polish Market
Russia’s largest lender, OAO Sberbank, is eyeing business opportunities in Poland. The bank’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
Philips on trial for bribery in Poland
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
China buys into Polish bulldozers
One of the biggest deals yet by a Chinese company in Poland is nearing completion, with negotiations between Guangxi LiuGong Machinery and Huta Stalowa Wola (HSW) expected to be completed within two months, according to the Polish company.
The sale of part of the assets of state-owned HSW is expected to fetch more than 250m zlotys ($94m), according to the Rzeczpospolita newspaper. The plan is for the Chinese machinery company to ramp up production of bulldozers at HSW’s plant in eastern Poland. Continue reading
