Locked content PGNiG to spend PLN 680 mln on innovative investments in 2017-2022

Gas supplier PGNiG has earmarked PLN 680 million for research and development and innovations in the period 2017-2022, the company stated. “This means that on average PLN 100 million a year will be invested in innovative project, cooperation with startups and R&D programs that could positi...

Locked content Industrial production prices increase 4.4% y/y

Industrial production prices increased in February by 4.4 percent y/y and remained unchanged in monthly terms, GUS stated. Economists polled by PAP saw the prices increase by 4.5 percent y/y and drop by 0.1 percent m/m. In January, industrial production prices grew by 4 percent y/y and 0.3 percent m...

Locked content Retail sales increase by 7.3% y/y

Retail sales increased in February by 7.3 percent year-on-year and dropped 2.7 percent m/m, according to GUS. Market consensus prepared by PAP saw the sales increase by 8.7 percent y/y and fall 1.4 percent m/m. In January, retail sales recorded an 11.4 percent increase in annual terms. In real terms...

Locked content Industrial output up 1.2% y/y, below expectations

Industrial output increased in February by 1.2 percent year-on-year and dropped by 0.9 percent in month-on-month terms, said statistics office GUS. Analysts surveyed by PAP expected industrial output to grow by 3.5 percent y/y and 1.1 percent m/m. Seasonally-adjusted industrial output increased by 4...

Locked content GDDKiA and Police to get PLN 2.5 bln in EU subisidies

The General Director for National Roads and Motorways (GDDKiA), together with the Chief Police Headquarters (KGP), have signed agreements for PLN 2.5 billion in EU subsidies for their projects. GDDKiA will construct nearly 145 kilometers of new roads, while the Police will send the money on equipmen...

Locked content Pension funds buy PLN 261 mln worth of stocks in February

Pension funds purchased stocks for PLN 261 million, according to estimations by brokerage Trigon. “We estimate that February was another month of purchases, with net worth of some PLN 261 million. The demand was equally distributed between Polish and foreign stocks, with PLN 127 million and PL...

Locked content Eurocash pofit down 17.5% y/y, company plans to close 17 stores

The 2016 net profit of Eurocash fell by 17.5 percent to PLN 190.02, below market expectations of PLN 208 million. The company is planning to restructure its Eurocash Cash&Carry chain. Over the next two years it will close 17 stores, Polish Press Agency reported. Operational profit dropped by 15....