Locked content CI Games stock plummets after negative game reviews

The stock of WSE-listed game developer CI Games have dropped by some 45 percent since Tuesday, when its latest game Sniper: Ghost Warrior 3 was released to unfavorable reviews. According to review aggregator website Metacric, the game currently has 54 rating out of 100. The company’s admits that the...

Locked content ING Bank Śląski to set up a mortgage bank

WSE-listed ING Bank Śląski has filed a motion to the financial institution watchdog KNF for permission to establish a mortgage bank, the lender said in a market filing. The share capital of ING Bank Hipoteczny is set at PLN 50 million and will be fully taken up by the lender. Currently, there are th...

Locked content Lotos with PLN 410.9 mln attributable net profit in Q1

WSE-listed fuel giant Lotos reported a Q1 attributable net profit of PLN 410.9 million, up by 297 percent y/y. In q/q terms, the profit grew by 32 percent. The margins were down due to maintenance shutdowns, but results were boosted by rising fuel prices. Sales revenues stood at PLN 5.44 billion, a ...

Locked content BZ WBK profit down, but beats expectations

WSE-listed BZ WBK bank had a PLN 453 million Q1 net profit, down by 18.6 percent y/y, but above expectations which stood at PLN 445 million. Net interest income amounted to PLN 1.25 billion, down by 1.6 percent q/q, and 11.5 percent increase y/y, fee earnings stood at PLN 475.19 million, down from P...

Locked content Poland falls in the World Press Freedom Index

Poland took the 54th spot in the latest press freedom index compiled by the Reporters Without Borders, representing a drop by seven spots from last year, placing below such countries as Botswana, Romania, Tonga or Burkina Faso, and beating Hungary, Japan or Greece. Norway, Sweden and Finland took th...

Locked content US to cut help for Poland?

According to ForeignPolicy.com, the US Agency for International Development (USAID),will cut its spending on international help by 30.8 percent, which would include cutting off aid to Poland altogether. Poland this year is set to receive $3 million under the European Support Fund designated to promo...

PM Szydło denies cabinet reshuffle plans, disciplines ministers

PM Beata Szydło denied that she plans to reshuffle her cabinet anytime soon, which media has been hinting at for the last few weeks now. “It is not the time for such decisions,” government spokesman Rafał Bochenek said. The PM, however met with her ministers on Wednesday to discipline them and remin...

Locked content Family 500+ program to cost PLN 24.5 billion this year

According to Labor Minister Elżbieta Rafalska, the Family 500+ program will cost up to PLN 24.5 billion this year, and hopes that next year, the cost will remain at same level, adding that the government do not plan any changes to the program at this moment. In 2016, starting from April when the sch...

Locked content Petru resigns as the Nowoczesna parliamentary club chief

The leader of the opposition party Nowoczesna, Ryszard Petru has stepped down from the post of the head of the grouping’s parliamentary caucus. The club will be headed by the party’s spokeswoman Katarzyna Lubnauer. “Today, at my request, the Nowoczesna club decided to split the function ...

Locked content PO ahead of PiS for the first time in two years – poll

According to the latest poll by Kantar Millward Brown, if elections took place this Sunday, 31 percent of Poles would support Civic Platform (PO), while 29 percent would vote for the ruling Law and Justice (PiS) grouping. This is a first time in two years, when PO is ahead of PiS in an opinion poll&...