Locked content Report: 84% of Poles don’t plan to move abroad for work

According to the latest report compiled by HR consultancy Work Service, 84 percent of Poles don’t plan to move abroad for work, while 14 percent have such plans. The latter figure is down by 5 percent compared to the previous poll. Out of those that think about migrating, the biggest number, 29 perc...

Locked content Only Orange complies with EC rules on abolishing roaming fees

Polish mobile operators Play and T-Mobile Polska failed to fully eliminate roaming fees, while Polkomtel failed to provide a new tariff plan to the EC by May 15 deadline. Only Orange Polska fully complied with the EC regulations abolishing roaming fees, a source within the European Commission told t...
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Netflix to develop Witcher series

Global SVOD provider Netflix will develop a live-action TV series based on Andrzej Sapkowski’s Witcher saga. “Andrzej Sapkowski has created a rich and memorable world, at once magical and familiar,” said Erik Barmack, Netflix Vice President, international series. “We couldn’t be more excited about b...

HICP inflation unchanged in April – Eurostat

The harmonized index of consumer prices for Poland stood unchanged at 1.8 percent year-on-year in April, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices increased by 0.3 percent.

Locked content LPP suffers PLN 117 mln Q1 net loss

WSE-listed fashion retailer LPP posted a PLN 117 million net loss in Q1 confirming preliminary results, down from PLN 65.5 million the year before. Revenues amounted to PLN 1.36 billion, a 16 percent increase y/y. Lfl sales grew by 4.6 percent, with the best results recorded in Hungary, Ukraine and ...

Locked content PZU with PLN 940 mln attrib. net profit in Q1

WSE-listed insurer PZU posted a PLN 940 million net profit for Q1, a 91,1 percent increase y/y. The impressive result comes from better investment results, its car insurance business and a mild winter which meant less compensation for farmers, the company said in a market filing. Gross written premi...

Locked content Raiffeisen Polbank with PLN 76.1 mln Q1 net loss

Raiffeisen Polbank, suffered a PLN 76.1 million attributable net loss in Q1 versus PLN 10.1 million loss posted last year, the bank said in a market filing. The Q1 result was affected by the pre-announced PLN 114 million write-down of Polbank brand as well as booking the PLN 48.5 million contributio...

Locked content Poland won’t implement Sunday trade ban this year – Rafals...

Poland will not be introducing a ban on Sunday trade this year, labor minister Elżbieta Rafalska admitted. “Such an ambitious possibility that this bill enters into force yet in H2 this year has definitely expired. Of course, I do not want to decide for the parliament, but it seems impossible to me....

Locked content OFEs increase Polish equity allocation to record-high levels

Polish pension funds (OFEs) increased their Polish equity allocation to a 113 basis points m/m increase, putting it at 79.7 percent, the highest level since May 2015, Financial Market Authority (KNF) data showed. Its value increased by 6.2 percent to PLN 139.34 billion, slightly below the WIG 6.4 pe...

Locked content Dom Development to buy Euro Styl for PLN 260 mln

WSE-Listed developer Dom Development signed a binding preliminary deal to buy peers Euro Styl and Euro Styl Development from Forum IV FIZ investment fund for PLN 260 million, the company said in a market filing. The final deal is expected to be signed by June 14. The transaction has been approved by...