Locked content Poland ranks 23 in the EU’s digital DESI index

Poland placed 23 in the Digital and Society Index (DESI) published by the European Commission with a 0.43 score. It’s an improvement compared to last year, when Poland was 24th with a 0.4 score. EU average stood at 0.52. “Poland improved in fast internet take-up, use of mobile broadband and as...

Locked content Poland with the highest leap in the Misery Index

Poland has been ranked 28th in the Misery Index compiled by Bloomberg, from last year’s 45th spot, which is the biggest negative move in the ranking. The ranking comprises 65 nations and s calculated by adding together the forecasts for a country’s rate of inflation and unemployment. A h...

Locked content NBP: Bank profits down by 29.1% in January

The net profit of the Polish banking sector in January amounted to PLN 817 million, a 29.1 percent drop y/y, the data from the Poland’s Central Bank (NBP) showed. Profits from interest grew by 11.1 percent y/y to PLN 3.42 billion, fees and commissions grew by 9.2 percent to PLN 1.07 billion. P...

Locked content Daily sales down 12.8% in January

The sales of Polish daily newspapers has dropped by 12.8 percent to 745,600 copies, according to data by The Association of Control of Press Distribution (ZDKP). The top-selling newspaper was tabloid Fakt with 279,780 copies sold daily on average (11,2 percent loss y/y and 2.6 percent growth m/m), f...

Eurostat: Retail sales up by 6.5% in January

The volume of seasonally adjusted retail trade in Poland grew by 6.5 percent year-on-year in January, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it grew by 4.1 percent.

Locked content Poland tops medal table at European indoor athletics championships

Polish athletes have won 12 medals, including seven gold, at the 2017 European Indoor Athletics Championships in Belgrade, which was the best medal tally of all nations, and Poland’s best result in history of the event. Polish track and field gold medalists included both 4×400 relays, Ada...

Locked content PiS submits Saryusz-Wolski candidacy for the EC seat

Poland ruling party Law and Justice (PiS) has formally submitted MEP Jacek Saryusz-Wolski for the President of the European Council position. A seat, currently held by Donald Tusk.“Jacek Saryusz-Wolski represents a high level of professionalism and provides a pledge and guarantee of impartiality,” F...

Locked content Managerial shake-up in PKP after corruption charges

The whole management board of state-control rail operator PKP has been dismissed after the prosecution charged the company’s CEO and three board members with corruption. Krzysztof Mamiński, has been appointed the new CEO, till now he helmed, one of the PKP subsidiaries, PKP Przewozy Regionalne...

Locked content Bank Millennium with better than expected Q4 profit

WSE-listed Bank Millennium, a unit of Portuguese Millennium BCP, edged out consensus expectations (PLN 127.5 million) with a PLN 131.5 million net profit in Q4. For the 2016, the profit stood at PLN 701.3 million compared to PLN 546.5 million in 2015. The revenue for the last year stood at PLN 652.6...

Locked content OFE net assets value grew by 4.2% in February

The net assets of the Polish private pension fund (OFE) amounted to some PLN 167.5 billion in February, an increase of 4.2 percent month-on-month, according to a report issued by researcher Analizy Online. The 12-month results of all OFEs exceeded 20 percent. “The average result for February stood a...