Locked content Mobile phone subscriptions at 56.9 mln in Poland

The number of subscriptions of mobile telephony in Poland amounted to 56.9 million at the end of June 2013, according to data published by the Central Statistical Office (GUS) on Wednesday. The figure was 2.5 percent higher than a year ago and 0.6 percent higher than at the end of 2013. Users of pre...

Locked content Poles behind in saving for a rainy day

BGŻ Optima bank has released a report on Poles’ saving habits. The average Pole’s saving account deposit amounts to PLN 14,300. Unfortunately, the savings are not very balanced with 10 percent of all Poles holding 50% of the savings. The increase in savings could also be higher, said Pio...

Locked content LOT cancels its flights to Israel

Polish state-controlled airline LOT has suspended all of its flights to Tel-Aviv until Monday. “Due to the tense situation in Israel LOT has decided to suspend all flights to Tel Aviv until the end of Monday July 28. Decision has been made for the sake of safety of our passengers. With this decision...

Locked content Poland sells bonds worth almost PLN 6 bln

At an auction held on Wednesday, the Polish Ministry of Finance sold two series of bonds for a total sum of PLN 5.999 billion, according to a statement quoted by ISBnews. Total demand amounted to PLN 20 billion. The ministry sold bonds from the WZ0119 series, which mature in January 2019, for PLN 1....

Locked content Depression a huge cost to the economy

The Polish Social Insurance Office (ZUS) has calculated the cost of depression to the nation’s economy. Due to absences, illness benefits and rehabilitation a sum of PLN 760 million is being paid out annually. The National Health Fund (NFZ) spends less on depression, PLN 160 million. Dziennik ...

Locked content Vectra raises price in bid for Netia

Cable TV operator Vectra has raised the price in its tender offer for 33 percent in telecom Netia, the company said in a statement on Wednesday. The price was raised from PLN 5.31 to 5.41 per share. However, the increased price will only apply  to subscriptions made during the first five working day...

Locked content ZAiKS pays out less royalties

In their annual report, the Polish Society of Authors and Composers (ZAiKS) has paid out PLN 224 million to artists as part of their copyrights. ZAiKS collects fees from shops, discotheques, or pubs for music copyrights and pays out royalties to the authors of the music. The amount paid to the artis...

Locked content PKP not selling more shares in cargo unit

Poland’s state-owned railway group PKP has no intention of reducing its stake in freight firm PKP Cargo below 33 percent, the group’s CEO Jakub Karnowski told Parkiet. It recently sold 17 percent in the subsidiary for PLN 583.5 million. “We want to leave the company with options for raising capital ...