Locked content Money stock slightly up in July

In June, total money supply (M3) increased by 0.7 percent month-on-month in nominal terms, reaching PLN 1 billion in July, according to data issued on Thursday by the National Bank of Poland. The biggest increase in was recorded in households’ deposits, which amounted to PLN 563.9 billion at the end...

Locked content Core inflation at 0.4% in July

Core inflation, excluding food and energy prices, amounted to 0.4 percent year-on-year in July, compared to 1 percent in June, the National Bank of Poland said on Wednesday. Inflation excluding state-controlled prices amounted to -0.4 percent y/y compared to -0.1 percent in June. Inflation excluding...

Locked content ZEW expectations for Poland up in August

The economic expectations index for Poland, calculated by the ZEW Center for European Economic Research in Mannheim and Erste Bank, grew by 1.9 points month-on-month to 26.9 points in August, according to data quoted by the Polish Press Agency. The assessment of the current economic situation declin...
Image : Atrium European Real Estate

Locked content Atrium to redevelop Promenada

The management board of Atrium European Real Estate has approved the first stage of a redevelopment process in its Atrium Promenada shopping mall in Warsaw, the company said in its latest financial report. The cost of the redevelopment is estimated at €44 million, the company also said. Atrium Prome...

Locked content BOŚ to take over FM Bank?

Bank Ochrony Środowiska (BOŚ), one of Poland’s major lenders, is interested in buying smaller peer FM Bank PBP, several market sources told Puls Biznesu. Both BOŚ CEO Mariusz Klimczak and Jan Paweł Boksa from Abris Capital, the owner of FM Bank, declined to comment on the issue. Other bankers quoted...

Locked content HICP inflation at 0 in July – Eurostat

The harmonized index of consumer prices stood at 0 in annual terms in Poland in July, according to data published by the EU’s statistics office Eurostat. In month-on-month terms the index was at -0.2 percent. For the EU, the annual inflation index was 0.6 percent and the monthly index was -0.5 perce...
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Poles go for traditional cinemas

Data from the Central Statistical Office show that the share of multiplex cinemas in the market fell from 58.1 percent in 2012 to 55.2 percent in 2013 (cinemas with eight auditoriums or more). The highest increase of customers was noted in so-called miniplexes (three to seven auditoriums) and the sm...

Locked content Grupa Azoty with PLN 72.7 mln profit

Poland’s largest chemical producer Grupa Azoty  generated a consolidated net profit of PLN 72.7 million in Q2 2014, higher than the PLN 52.5 million expected by analysts surveyed by the Polish Press Agency. The holding’s operating profit amounted to PLN 103.5 million compared to analysts’ expectatio...

Locked content JSW with PLN 253 mln net loss

Mining company Jastrzębska Spółka Węglowa (JSW) recorded a consolidated net loss of PLN 253 million in the second quarter of 2014. Analysts polled by the Polish Press Agency had expected the loss to be PLN 253.8 million. The company’s operating loss came in at PLN 292.7 million compared to a market ...

Locked content PGNiG income not as high

PGNiG, the biggest Polish gas company,  has finished the second quarter of 2014 with PLN 338 million net profit attributable the shareholders of the parent company. Last year’s result was a bit better with PLN 352 million profit. The profit estimated by analysts was higher (PLN 689.5 million),...