Locked content PGE with PLN 2.45 bln net profit in 2016 – prelim. results

WSE-listed utility PGE sported PLN 7.39 billion in EBITDA and PLN 2.45 billion in net profit in 2016, implying PLN 1.25 billion in Q4 net profit, PGE said in a market filing citing preliminary estimates. Company’s 2016 CAPEX is estimated at PLN 8.15 billion. PGE produced 53.67 TWh of power las...

Locked content Retail fuel prices edge down marginally

Average retail gasoline and diesel prices edged down by PLN 0.02 per liter in the week ending on February 9, and no major moves are expected in the coming days, Reflex brokerage said. LPG prices bucked the trend and increased by PLN 0.04. In the coming days, the prices are expected to stabilize, Ref...

Polish investment funds assets grow to PLN 261.8 bln in Jan

Net assets under management (AuM) of Polish investment funds increased by 1.1 percent (PLN 2.9 billion) to PLN 261.8 billion, a report by researcher Analizy Online and asset management lobby IZFiA showed. In the same period, net inflows stood at PLN 0.8 billion.

Locked content Poland to crackdown on transfer of untaxed profits abroad

Deputy PM Mateusz said that in the coming future, the ministry will start investigating “the transfer abroad of profits on which tax was not paid in this country”. He added that the Poland would continue its campaign against large-scale avoidance of VAT. “We have brought in 11 times more revenue tha...

Locked content FX mortgage holders should take ‘matters in their own hands̵...

Leader of the ruling Law and Justice (PiS) party, Jarosław Kaczyński said in an interview with Polish Radio, that Swiss-franc mortgage holders should take lenders to court on their own, and not wait for the government to pass a bill that could help them. “I think they should take matters into their ...