Eurostat: January unemployment in Poland down

The seasonally adjusted unemployment rate in Poland was 5.4 percent in January, compared with 5.5 percent a month earlier, the EU statistical office Eurostat said. This is a drop from January of 2015, when it was 6.7 percent. The pan-European statistics agency, which uses roughly the same criteria a...

Exports on the rise January – KUKE

Euro-denominated exports in January increased by 12.2 percent y/y to €14.76 billion, the Export Credit Insurance Corporation (KUKE). “The last month of the year is usually focused on offloading the stock. Ordering new materials and products is on the backburner. January was usually the month when co...

Locked content Poland to challenge the ETS carbon market deal

Poland will challenge the legality of the Emission Trading System (ETS) draft agreed by most European Union governments, saying the deal is not-binding because it did not have the full backing of the bloc’s 28 nations, Poland’s environment ministry said. If the legislation is adopted it ...

Locked content V4 calls for bigger role of nations

Poland, Czechia, Slovakia and Hungary (Visegrad Group – V4) leaders urged the EU to increase the role of national parliaments in a planned reshape of the bloc’s strategy. According to the group’s statement “more significant and definite role” should be given to national parliaments in or...

Locked content JSW to replace Enea in WIG20 index

Starting from March 18 session, the coal producer JSW will replace power utility Enea in the blue-chip WIG20 index, the WSE informed. Other changes include, builder Polimex-Mostostal entering the mid-cam mWIG-40 index replacing biotech firm Bioton. There will be also several changes to the sWIG-80 i...

Locked content Pfleiderer Group with new CEO

WSE-listed wood panel producer Pfleiderer Group, announced the appointment of Thomas. Schäbinger as its CEO. The company’s current CEO Michael Wolff posted his resignation and will leave the company at the end of June. “Thomas Schäbinger has been working as CEO for Bundy Refrigeration Group (c...

Locked content Unimot sets WSE debut date

Listed on the small-cap alternative market NewConnect fuel trader Unimot will move to the Warsaw Stock Exchange main market on March 7, the company said in a market filing. In its IPO, Unimot sold some 2.2 million shares were sold at PLN 45 apiece, putting the total value of the offer at PLN 99 mill...

Locked content PFR will consider selling its Bank Pekao stake in 3-5 years

The Polish Development Fund (PFR) will consider selling its stake in Bank Pekao in three to five years, PRF CEO Paweł Borys told the Polish Press Agency (PAP) “Selling the entire 12.8 percent stake via the stock exchange and keeping a control stake at PZU, with the rest being in free-float, is a goo...

Locked content T-Mobile Polska EBIDTA down

T-Mobile Polska, Polish unit of the German telecommunication giant, had a 0.5 percent y/y drop in Q4 adjusted EBITDA to PLN 598 million, while its revenue grew by 4.8 percent y/y to PLN 1.72 billion T-Mobile said. At end-2016, the company had PLN 6.49 billion revenue (0.5 percent increase y/y) and P...

Locked content Comarch Q4 profit up, revenue down

WSE-listed IT company Comarch had PLN 51.28 million attributable net profit in Q4, up by 18 percent y/y. Company’s revenue dropped by 7.6 percent to PLN 372.1 million y/y. For the full 2016 financial year, Comarch had PLN 72.3 million net profit, down from PLN 79.6 million in 2015, and PLN 1.1...