Locked content Google Street View cars to roam Poland 3rd time

Google will deploy its cars to update the Street View images. Between May and October, cameras will capture 360-degree views from the biggest Polish cities. This is the third time, the internet giant will deploy its vehicles on Polish streets. They were first deployed in 2011 to capture views from t...

Locked content PGE with PLN 964 mln Q1 net profit

WSE-listed power utility PGE had a PLN 964 million Q1 net profit, above preliminary results of PLN 882 million, recording 10.8 percent growth. The company’s operating profit amounted to PLN 1.2 billion, while EBITDA amounted to PLN 1.94 billion, compared with PLN 1.822 billion in Q2 2015. Skon...

Locked content Grupa Azoty profit down

Polish chemical giant, Grupa Azoty recorded net profits of PLN 225.7 million in Q1, whereas in the corresponding period last year, the results totaled PLN 272.37 million. Consolidated sales revenue reached PLN 2.68 billion, compared with PLN 2.47 billion one year ago. The company’s operating p...

Locked content Cyfrowy Polsat Q1 results above expectations

WSE-listed media group Cyfrowy Polsat, had PLN 279.4 million attributable net profit in Q2, crushing the PLN 181.6 million consensus, and up by 59.2 percent y/y. EBITDA grew by 9.8 percent y/y to PLN 929.5 million. Revenues were up to PLN 2.38 billion. Net profit increased mainly due foreign exchang...

Mennica Legacy Tower in Warsaw BREEAM-certified

Golub GetHouse and Mennica Polska have secured a BREEAM 2013 New Construction certificate for energy efficiency and environmental performance at the ‘Outstanding’ level for their joint Mennica Legacy Tower office project in Warsaw. Sweco Consulting was responsible for the process of certifying the s...

Locked content LOT gets first Boeing next gen 737 plane

Polish state-owned airline LOT received its first of the four ordered Boeing 737-800 Next Generation planes. The model, capable of carrying up to 186 passengers, is the largest narrow-body aircraft to date, and will begin his operations this month. The rest of the planes will arrive by end-June, and...

Locked content European Commission to seek further dialog with Polish gov’t

“It is not yet time to take further action against Poland in a dispute with the European Commission over the rule of law in the eastern European state,” Commission First Vice President Frans Timmermans. “We have a number of instruments in our toolbox. I believe there is still room for political dial...

Economic climate improves in Q2 – IRG SGH

The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) increased by 6.8 points quarter-to-quarter and amounts to -0.3 points in Q2 2017. In year-to-year terms the index has gone up by 3.6 points.

Average wages on the rise in Q1 – GUS

According to data released by the Polish Central Statistical Office (GUS), the average salary in Q1 grew by 4.1 percent year-on-year to PLN 4,353.55 gross. In Q1 2016, the average salary was PLN 4,181.49, GUS data showed.

Locked content PGE agrees to buy EDF’s Polish assets

WSE-listed, state-owned power group PGE signed a conditional agreement to buy EDF’s Polish power and heating assets. Under the deal, PGE will acquire all shares of EDF’s Polish subsidiary, and PGE will have the option “to call PGE to sign the share sale agreement for the above-mentioned ...