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Poland

Take a Plant-Based Break – Vegan KitKat is Here!

3 mins read

The FINANCIAL --After much anticipation, Nestlé is finally making plant-based dreams come true with the launch of KitKat V. The new vegan version of the iconic KitKat will be on shelves from mid-June in the United Kingdom, Poland, Estonia, Latvia and Lithuania. Further countries will soon follow, including Australia and Brazil. KitKat V will be available through the KitKat Chocolatory and selected retailers.…

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Take a Plant-Based Break – Vegan KitKat is Here!

3 mins read

The FINANCIAL --After much anticipation, Nestlé is finally making plant-based dreams come true with the launch of KitKat V. The new vegan version of the iconic KitKat will be on shelves from mid-June in the United Kingdom, Poland, Estonia, Latvia and Lithuania. Further countries will soon follow, including Australia and Brazil. KitKat V will be available…

With EBRD financing, Poland builds first recycling plant for car batteries

3 mins read

The FINANCIAL -- With the help of a loan of up to €25 million from the European Bank for Reconstruction and Development (EBRD), Poland will become the site of the first facility in the European Union (EU) for recycling both car batteries and other waste containing metals, in response to the rapid rise of electric vehicles.…

Accenture and Google Cloud partner to help UPC Polska deliver next generation customer experience

4 mins read

The FINANCIAL — Accenture and Google Cloud have collaborated to help UPC Polska, Poland’s leading connectivity and entertainment provider, move from an on-premises infrastructure to cloud, in response to changing customer demands. Deployed in just six weeks, the new model balances UPC Polska’s traditional IT systems with the speed and flexibility of cloud services to reduce…

Statement of Ministry of Foreign Affairs of Poland on Georgian parliamentary elections

1 min read

The FINANCIAL — The Ministry of Foreign Affairs of Poland “appreciates the efforts of the Georgia’s authorities to organise the parliamentary elections on October 31st in a swift and efficient manner, based on a revised electoral system.” According to the ministry’s statement, “the turnout achieved, especially within a framework of difficulties posed by the pandemic…

EBRD invested €55.8 mln to support green transition of Poland’s electricity producer Tauron

3 mins read

The FINANCIAL — Tauron Polska Energia, one of the largest energy firms in Poland, is moving from fossil fuels to renewable sources of energy with the support of the European Bank for Reconstruction and Development (EBRD). The EBRD has invested PLN 240 million (equivalent to €55.8 million) for 24 per cent of a PLN 1 billion local currency…

NIB finances wind farm in Poland

2 mins read

The FINANCIAL — NIB has signed a 16-years loan agreement with Pomerania Wind Farm sp. z o.o. for an onshore wind farm in Pomeranian Voivodeship, about 50 kilometres south of the Bay of Gdansk, Poland. The PLN 150 million (EUR 33.05 million) loan will co-finance the design, construction and operation of the wind farm, which…

European Investment Bank supports 10 cities in Poland

5 mins read

The FINANCIAL — From Ostrów Wielkopolski (72 000 inhabitants) to Warsaw (1.78 million people), cities of all sizes in Poland are turning to the European Investment Bank (EIB) to secure affordable funding for development projects that are green and socially inclusive. Eleven operations with a combined total of more than PLN2 billion (equivalent to approximately €500 million) have been signed since January…

EIB provides additional support to Polish chemical company

4 mins read

The FINANCIAL — On 28 September 2020, PCC Rokita SA signed an annex to the loan agreement with the European Investment Bank (EIB), under which the Bank has granted the company additional financing for €22.5 million, increasing the loan granted to PCC Rokita at the beginning of last year from €45 million to €67.5 million.…

Noble Partner 2020 Officially begins on 7 September

5 mins read

The FINANCIAL — Noble Partner is a cooperatively-led multinational training exercise in its fifth iteration. It is aimed to enhance Georgian, U.S. and partner forces readiness and interoperability and to also contribute in maintaining stable, secure environment over the Black Sea region. U.S. and Georgia-led fifth Noble Partner international military exercise will be held south-east of…

Poland awarded Georgian Police Attache

5 mins read

In accordance with the decision made by the Minister of the Interior and Administration of the Republic of Poland, Mariusz Kaminski, Georgian Police Attache to Poland, Colonel Giorgi Gamsakhurdia was awarded with silver medal at the event dedicated to the 101 anniversary of the Police National Day of Poland. Ambassador Extraordinary and Plenipotentiary of Georgia to…

Strong GPW Group’s Financial Results, Driven by Market Volatility in Q1 2020

12 mins read

The FINANCIAL --The Warsaw Stock Exchange (GPW) Group generated revenues of PLN 90.7 million and a net profit of PLN 29.3 million in Q1 2020. EBITDA was 5.0 million in Q1 2020. Consolidated revenues increased by 15.3% year on year and by 20.9% quarter on quarter in Q1 2020. The year-on-year increase of revenues was…