Locked content Kaczyński: We won’t support Tusk candidacy

Leader of the ruling Law and Justice (PiS) party, Jarosław Kaczyński said that Poland will oppose the re-appointment of Donald Tusk as the European Council president. “Donald Tusk is a politician who breaks the elementary rules of the European Union. Someone who breaks such rules simply cannot be th...

Locked content ETS scheme approved. Poland feels “cheated” – Szyszko

With 19 votes for and nine against (including Poland), the EU has approved the Emission Trading System (ETS). The scheme, aimed at cutting carbon emissions by European industries by 43 percent in 2030 when compared with levels in 2005. However according to Poland’s environment minister Jan Szy...

Locked content GPW profits on the rise

WSE-listed Giełda Papierów Wartościowych, operator of the Warsaw bourse posted PLN 30.4 million attributable net profit in Q4 2016 (14.3 percent increase y/y), company said in a market filing. For the whole year, the profits stood at PLN 131.09 up from PLN 121.48 million in 2015. Financial market re...

Locked content Morawiecki: complete Sunday trade ban impossible

According to Deputy PM Mateusz Morawiecki, the initially proposed complete Sunday trade ban is impossible, but a limited ban would be a good solution. “Retail trade should be limited, but I am open to proposals concerning the scope of the limitation,” Morawiecki said. “Maybe one Sunday per month, ma...

GDP at 2.7% in Q4

According to data released by Poland’s Central Statistical Office (GUS), the country’s GDP grew in Q4 by 2.7 percent y/y, in line with the flash estimate. In Q3, the GDP growth stood at 2.5 percent.

Pengab index continues to grow

The Pengab index, which measures conditions in the banking industry, grew by 3.2 points month-to-month to 23.2 points in February, according to the “Monitor Bankowy” report issued by TNS Polska. This is the highest score in nine months. In February of last year, the indicator registered 12.1 points....

Locked content Play with 12.5% y/y increase in revenue in 2016

Mobile operator Play, increased its revenue for 2016 by 12.5 percent to PLN 6.1 billion and adjusted EBITDA by 14 percent to PLN 2.03 billion, its parent company P4 said in a market filing. Client count increased by 1.9 percent to 14.41 million, despite the negative impact of the pre-paid cards regi...

Locked content CCC profit beats expectations slightly

WSE-listed footwear producer and retailer CCC had PLN 186.6 million net profit in Q4, up from PLN 105.2 million y/y and from PLN 181.3 million profit expected Revenue stood at PLN 1.13 billion, up from PLN 755.4 million the year before. For the full year, the company had PLN 306.5 million profit (PL...

Locked content Amica Q4 profit up

WSE-listed white goods producer Amica, had PLN 27.82 million consolidated net profit in Q4 2016, up from PLN 24.43 million y/y. Operating revenue stood at PLN 39.76 million, down from PLN 42.4 million y/y. Sales revenue reached PLN 669.7 million vs PLN 625.16 million y/y. For the whole year, profits...

No more stress with interior design. Open Book is the cure

When a company grows there finally comes a time to rebuild its office. How? Look for a new location? Or maybe just do a general overhaul? How much would it cost? How to find trusted advisors? How to choose the right partner? All those questions cause one thing: stress.