Ukraine seizes assets of Russian gas giant Gazprom amid legal wrangle

The move comes after a Ukrainian regulator in 2016 imposed a fine of around USD 3.5 billion on Gazprom for abusing its monopoly position on the market for gas transit services. “Everything that Gazprom possessed on Ukrainian territory has been described, impounded and transferred to the state budget,” Ukraine’s Justice Minister

More firms folding in Poland: report

Company bankruptcies rose 8 percent in Poland in the first two months of this year compared with the same period last year, according to a report. Credit insurance company Euler Hermes said that 158 companies folded in the first two months of the year, up from 146 during the same period

Polish industrial production, construction output up: stats office

Industrial production in Poland grew 7.4 percent in February compared with the same month last year, the country’s Central Statistical Office (GUS) said on Monday. Meanwhile, output in the construction-and-assembly sector shot up by 31.4 percent in February in year-on-year terms, the statistical office said. The rebound in the construction and assembly

Poland among world’s best three countries to invest in: ranking

Poland is the third most attractive country for investors in the world, according to a ranking by media company U.S. News & World Report. Outpaced only by the Philippines and Indonesia in the ranking, Poland was the only EU country in the top five. “Amid times of change and uncertainty, investors can

Polish cosmetics makers show wares in Italy

The trade fair, now in its 51st year, is one of the largest events of its kind in Europe and offers an opportunity to promote Poland’s cosmetic industry, according to officials. The Polish Investment and Trade Agency has set up a national stand to promote this sector of the economy, public

Debt among young Poles on the rise

The total debt of young Poles went up by 62 percent in 2017, according to the National Debt Register. At the end of 2016, the overall overdue amount in the 18-25 age bracket was PLN 309 million. The number of Poles aged between 18 and 25 who failed to pay off

Europe-Ukraine Forum in eastern Poland

Modernisation in Ukraine and ways to develop the country's potential are the focal points of the 11th Europe-Ukraine business forum opening in the hamlet of Jasionka in southeastern Poland on Tuesday. “This time, our key topic on the agenda is the [EU’s] association agreement with Ukraine and what comes next,” said

Poland’s IT sector urges less red tape: report

The IT sector has appealed to the government to cut taxes for IT specialists and reduce red tape faced by non-EU professionals in Poland, the Rzeczpospolita daily has reported. Poland could otherwise lose its competitive edge in drawing IT specialists from abroad and face a brain drain, the paper added. The IT

Polish copper giant KGHM fires CEO

Polish state-run copper producer KGHM has dismissed its CEO Radosław Domagalski-Łabędzki, according to media reports. Deputy CEO Michał Jezioro has also lost his job following a decision by the company’s supervisory board on Saturday, the news service has reported. The website cited a statement by KGHM that it said announced the

Gender pay gap in Poland at around 7%: report

Women in Poland earn some 7 percent less than men, public broadcaster Polish Radio said on International Women's Day. The European Commission, the executive arm of the EU, has called on member states to work toward eliminating the gender pay gap and also urged greater representation of women in senior managerial