Locked content Lotos to close its Gdańsk refinery for 6 weeks

WSE-listed fuel group Lotos will hold its biggest overhaul ever of its Gdańsk refinery between March 3 and April 15, which will allow the firm to forgo major stoppages for the next 4 to 5 years, Lotos said in a press statement. “The upcoming overhaul will be the biggest such venture in firm’s ...

Locked content Mobile data traffic to increase fivefold by 2021 – Cisco

According to Cisco, the mobile data traffic in Poland will increase fivefold by 2021, with the compound annual growth rate of 37 percent, while IP data traffic will increase twofold. “By 2021, video will be responsible for 81 percent traffic in Polish mobile networks (currently 61 percent), while sm...

Locked content PZL Mielec hopes to enter South American markets

Lockheed Martin-owned PZL Mielec airplane producer wants to sell its two-engine M28 planes on South American markets as well as in the US. The company launched a Latin America demo tour and will visit 14 locations to spark up interest in their product. The M28 is already present on a number South Am...

Locked content The assets of Polish investment funds (TFIs) rose by 1.8% in Q4

According to data released by Analizy Online, the number of TFI clients in Q4 dropped to 2.06 million, representing a 1.8 percent year-on-year drop. Funds with biggest losses included Pioneer Pekao TFI (over 7,000 clients has left the fund), PKO TFI and BZ WBK TFI with 3,500 and 2,200 less clients. ...

Locked content Lux Express withdraws from Poland

Estonian bus operator Lux Express will withdraw from the Polish market on April 1, the company announced. The operator will close all routes on that day, except for the Warsaw-Vilnius link. All tickets for canceled trips will be refunded, the company said. Lux Express launched its Polish operations ...

Poland to issue $35 bln of debt this year – S&P

According to the ratings agency S&P, Poland will issue bonds on the commercial market worth $34.96 billion, compared to $43.44 billion in 2016. This will amount to 20.4 percent of all long-term debt issued this year in the CEE region.

Locked content Monnari posts PLN 23.9 mln net profit in Q4

WSE-listed fashion retailer Monnari Trade sported PLN 23.9 million net profit in Q4, down from PLN 12.6 million year-on-year, the company’s financial report showed. Operating revenue stood at PLN 12.12 million, down from PLN 16.2 million y/y. For 2016, the company had PLN 35.53 million net pro...

Locked content Integer with new investor. Plans delisting

Parcel locker operator Integer has signed a deal with equity fund Advent International to buy the outstanding 70 percent stake of the company and delist it from the Warsaw Stock Exchange, the company’s CEO Rafał Brzoska said in a market filing. Brzoska, who owns 30 percent of the company’...

Locked content Poland wants to reduce coal output by 65 mln tons in 2017

Poland wants to reduce coal output of country’s mines to 65 million metric tons from 70 million tons in 2016, the Energy Minister said. The ministry also said it is working on the program for the coal sector for years 2016-2030. It plans to conclude the work at the end of Q1 2017. According to...

Locked content Budimex with PLN 159 mln Q4 net profit

WSE-listed builder Budimex posted PLN 159 million attributable net profit in Q4 2016, up by 113% year-on-year and PLN 1.45 billion in revenues, the firm said in market filing. The results are in line with preliminary results posted in mid February. The value of contracts signed in 2016 period reache...