Section: Warsaw Business Journal (Poland)
Balcerowicz names four key reforms for Ukraine
Leszek Balcerowicz, an advisor to the Ukrainian president Petro Poroshenko, has estimated the situation in the country and given a piece of advice during a Thursday press conference in Kyiv. “Strengthening the financial system, economic growth, the fight against corruption and beginning decentralization are the most important directions of...
People’s Artist of Ukraine throws down a gag to PKP on YouTube
On April 27, music band “Plyushevyy Brooklyn” (“Teddy Brooklyn”) along with the People’s Artist of Ukraine Pavlo Zibrov posted a music video on their YouTube channel called “Polish railway,” which almost at once appeared on both Ukrainian and Polish media. In the video, the band sings “Hey, Polish railway, appoint Pavlo Zibrov as Polish...
TVP to sublicense Euro 2016 from Polsat
Polish public broadcaster Telewizja Polska (TVP) has obtained a sublicense for 11 games from this summer’s Uefa European Championship from Polsat. The value of the contract is unknown. Under the agreement, TVP will broadcast all three group-stage matches of the Polish national team (with Northern Ireland, Germany and Ukraine), the opening...
Balcerowicz: Ukraine needs a program of restructuring and privatisation
Leszek Balcerowicz, the author of Poland’s post-communist transition to a market economy, who was appointed advisor to the Ukrainian president last week, has already commented on the economic situation in Ukraine. “Ukraine needs to break apart monopolies and privatise state-owned firms to transform itself into a well-functioning capitalist...
Balcerowicz joins Ukraine gov’t advisory team
Poland’s former Finance Minister and mastermind behind the transition from communism to capitalism Leszek Balcerowicz has been appointed as an advisor to the Ukrainian government. “A team of international advisors to the Ukrainian government has been established, with Slovakian former deputy Prime Minister Iwan Miklos serving as its...
EIB lends €250 mln to PKP
The European Investment Bank (EIB) will lend EUR 250 million to PKP Polskie Linie Kolejowe to finance improvements to the railways along the strategic TEN-T North Sea–Baltic Corridor linking the Baltic Sea with the Ukraine border, the bank said. The EIB funds will support the modernisation of the 171 km section of the railway line between… This...
How much did migrants earn working in Poland in 2015?
In 2015, Poles working abroad sent their families over PLN 16 billion, the National Bank of Poland (NBP) reported. Meanwhile, Ukrainians earned PLN 8.4 billion in Poland last year. The majority of Polish citizens were working in Germany (PLN 5.7 billion earned) and in Great Britain (PLN 4.5 billion). Currently, about 2.3 million Polish economic...
European Executive Forum 2016
The fourth edition of “European Executive Forum” is now over. This year, the event took place in Warsaw under the title “Age of innovations”. During six discussion panels, outstanding representatives of business and science, from Poland and abroad, debated on the direction for Polish enterprises in the age of technological revolution For the...
Pole becomes head of Ukrainian railway
Wojciech Balczun has won an open competition for the position of the head of the Ukrainian state railway operator, Ukrzaliznycia, the minister of development and trade Aivaras Abromaviczius informed. “Wojciech is still young, but he was successful as the president of Poland’s biggest companies,” said Abromaviczius. The 46-year-old was the...
Three Poles appear in Panama Papers leak
Names of former President of Warsaw Paweł Piskorski, media mogul Mariusz Walter and entrepreneur Marek Profus appeared in a huge leak of confidential documents from Panamanian law firm Mossack Fonseca. The International Consortium of Investigative Journalists, and German newspaper Sueddeutsche Zeitung, along with 107 media organizations revealed...
