Locked content Vistula sales up by 12.4% in H1

WSE-listed fashion retailer Vistula had a PLN 307.8 million in sales revenues (12.4 percent y/y increase) in the first six months of the year. In the jewelry sector (under the Kruk brand), sales revenues amounted to PLN 110.8 million and were higher by 12 percent y/y. Consolidated sales margins amou...

Locked content Bytom sales up by 22.6% in H1

WSE-listed fashion retailer Bytom enjoyed a 22.6 percent y/y increase in sales to PLN 84.62 million in the first six months of the year. Like-for-like sales increased by 10.6 percent y / y to PLN 73.71 million, the company said in a market filing. Sales margins amounted to PLN 42.16 million in H1, u...

Locked content Trump to arrive in Poland on Wednesday

US President Donald Trump will arrive in Warsaw on Wednesday at 10 PM and leave for the G20 Summit in Germany the next day. Trump will be accompanied by first lady Melanie Trump. During his two-day stay, he will give a public speech on pl. Krasińskich in front of the monument honoring the Warsaw Upr...

Locked content Poland wants to extradite suspected Nazi criminal from the US

Poland’s State Prosecutor’s Office has requested the extradition of a 98-year old Michael K. (name withheld due to Polish privacy law) who, Poland believes, was a former commander of an SS unit, which took part in a mass killing in Polish village Chłaniów, where 44 civilians were murdered. The...

Locked content GetBack IPO price set at PLN 20 per share – Reuters

WSE-bound debt collector GetBack will set its IPO price at PLN 20 per share, according to the sources quoted by Reuters. The price would be in the lower end of the price range set at PLN 18.5-27 apiece in the IPO prospectus and would value the offer at PLN 800 million. The IPO will include…

Locked content ATM with new CEO

WSE-listed IT and telecommunications provider ATM appointed Sławomir Koszłko as the new CEO. The new chairman will replace Piotr Sieluk, who was acting CEO. Sieluk will now hold the position of deputy chairman of the supervisory board. “I am very happy that Slawomir Koszołko has decided to join the ...

Locked content Qatar LNG delivery reaches Świnoujście terminal

WSE-listed gas giant PGNiG has received a spot LNG shipment from Qatargas. Earlier in June, several Middle Eastern countries have blocked transport links to, and from Doha, blaming the tiny, oil-rich nation of supporting terrorism. This delivery was a spot shipment, not part of the regular long-term...

Locked content EU states have a right to ban Uber

EU member states “may prohibit and punish the illegal exercise of a transport activity such as UberPop without having to notify the European Commission of the draft law,” Maciej Szpunar, an advocate general at the EU Court of Justice, said in a non-binding opinion. According to Szpunar, Uber is not ...

Locked content Kruk with €250 mln loan agreement

WSE-listed debt collector Kruk has signed a  revolving €250 million loan agreement with a syndicate of four banks: DNB Bank, BZ WBK, mBank and ING Bank Śląski, the company said in a market filing. Kruk will spend the money on purchase or refinancing of purchase of debt portfolios abroad. “This is a ...

OFE net assets value inches up in June

The net assets of the Polish private pension fund (OFE) amounted to some PLN 142.71 billion in June, a 1.2 percent month-on-month increase, according to a report issued by researcher Analizy Online. “The result for June was driven mostly by good results of the Warsaw bourse. Since the beginning of t...