Locked content Solaris sells 40 buses to the Netherlands

Polish bus and tram producer Solaris signed its first contract in the Netherlands. The company has sold 40 of its Solaris Urbino buses to Connexxion firm, Solaris said in a press release. “The fact that we were able to enter the very isolated Dutch market is a big achievement for us. We can assure R...

Locked content WSE sees 3-4 large debuts this year

The Warsaw Stock Exchange could see another 3 to 4 larger IPOs in 2017, the bourse supervisory board member Jarosław Grzywiński said following the Wednesday debut of grocery retailer Dino. According to Grzywiński there are several offers worth “PLN hundred million and more” in the pipeline and are b...

Locked content Domestic terrorist sentence cut

A court of appeal reduced the sentence for would-be terrorist Brunon Kwiecień from 13 to nine years in jail. His defense lawyers argued that the initial sentence was too severe and he should face re-trial, asking for the verdict to be repealed. Appeal judge refuted the claims, but reduced the senten...
Image : European Council President/Flickr

Tusk testifies in counter-intelligence case. Calls it a witch-hunt

The European Council President Donald Tusk testified for the Polish prosecution as a witness in the case of two intelligence officials accused of improper dealings with Russia on Wednesday. The investigation is to establish if the two officials had all the necessary approvals, to establish cooperati...

Locked content Paul Ryan to visit Warsaw on Friday

US House of Representatives Speaker Paul Ryan, will visit Warsaw on Friday and meet with President Andrzej Duda, and PM Beata Szydło. The talks will focus on transatlantic cooperation, and the visa waiver program, which Poland has been trying to be a part of for years. According to Duda advisor Krzy...

Locked content Żywiec with PLN 27.9 mln net profit in Q1

WSE-listed beer producer Żywiec, subsidiary of Heineken, had a PLN 27.91 million net profit in Q1, down by 53 percent y/y. Revenues amounted to PLN 429.38 million, down by 13 percent. “Lower sales and revenue, were due to overall market decrease, and one-off events such as Easter falling on March in...

Locked content Energa with PLN 601 mln EBITDA in Q1 – preliminary results

WSE-listed utility Energa expects a PLN 601 million EBITDA in Q1, according to the company’s preliminary results. The result, which is a 6.8 percent y/y drop will be influenced by the PLN 53 mln valuation of options for builder Polimex Mostostal shares, the company said in a market filing. Sta...