Locked content Ekstraklasa to implement VAR next season

Polish top tier football league Ekstraklasa will implement the VAR (Video Assistant Referee) system starting with the upcoming 2017/18 season. Each round, three games will be played with VAR system implemented. The Video Assistant Referee project is an off-field official that reviews decisions made ...

Locked content Comarch with PLN 4.8 mln Q1 attributable net profit

WSE-listed IT company Comarch had PLN 4.8 million attributable net profit in Q1, down by 32.9 percent y/y. EBIT amounted to PLN 11.3 million loss, down by 192 percent y/y, while revenues inched down by 0.4 percent to PLN 242.2 million. The EBIT result was boosted by PLN 9.7 million from the PLN gain...

Locked content Superior Industries offer for Uniwheels goes through

Superior Industries tendered over 75 percent of German WSE-listed alloy wheels producer Uniwheels shares, which means that the tender deal will go through. After agreeing to buy 61.29 percent of Uniwheels shares from its owner, Superior announced the tender to buy back the remaining 4.8 million shar...

Locked content Play operator with PLN 1.58 bln revenue. IPO decision within months

P4, Play network mobile operator, had PLN 1.58 billion revenue, up by 9.6 percent y/y, and PLN 564 million EBITDA in Q1, a 20.8 percent y/y increase. At the end of March, Play had 14.3 million customers, down by 0.5 percent y/y, with 60.5 percent of them being regular subscribers, and the rest pre-p...

Locked content Euler Hermes: 67 bankruptcies in April

In April, 67 Polish companies were declared bankrupt, compared to 66 last year, according to a report issued by Euler Hermes. Since the beginning of the year, 291 companies were declared bankrupt, a 22 percent growth y/y. According to Euler Hermes most bankruptcies are caused by low profitability of...

Locked content Opole music festival canceled after artists protests

The Opole music festival, one of the Poland’s entertainment staples, has been canceled by the city after numerous artists backed out of the event. Musicians protested when public broadcaster TVP withdrew its invitations to few artists that were deemed “too controversial.” President of Opole, f...

Locked content Musician and composer Zbigniew Wodecki dies

Zbigniew Wodecki, a Polish musician and composer, most famous for singing the Polish theme to the animated series Maya the Bee passed away at the age of 67. Wodecki was one of Poland’s best-known singers, musicians, composers and trumpet players. He called himself a “singing musician.” He started pl...

State Treasury debt inches down in March

The State Treasury debt increased by 0.4 percent month-on-month at end-March and amounted to PLN 941.42 billion, Poland’s Ministry of Finance informed. Since the beginning of the year, the debt has increased by 1.4 percent.

Economic sentiment up in May – GUS

The combined economic sentiment indicator calculated by the Central Statistical Office (GUS) grew in May in year-on-year terms and contracted month-on-month, the institution said.

Locked content World Bank to buy €137 million worth of BZ WBK’s green bonds

IFC, a member of the World Bank Group, will invest €137 million in subordinated green bonds issued by Bank Zachodni WBK to help it to finance climate-related projects, IFC said in a statement. This is the first green bond issue by a Polish commercial bank. Poland’s government issued green bonds, as ...