Locked content Orlen pays record-high dividend for 2016

Fuel giant PKN Orlen paid out record high dividend last Friday of PLN 3 per share. PLN 1.28 billion, almost 25 percent of the company’s record-high 2016 net profit of PLN 5.36 billion, was paid out to the company’s shareholders. “It is the fifth year in a row when the concern, in line with its…...

Locked content Idea Bank’s Q2 net profit with 14.8% growth y/y

Idea Bank’s net profit in Q2 2017 amounted to PLN 58.7 million, slightly above market expectations, marking a 14.8 percent increase year-on-year, the group stated in a market filing. Net profit for H1 stood at PLN 109.9 million, excluding the sale of GetBack, which is a 144 percent increase y/y. Rev...
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Polish university files against Google’s patent application

The Jagiellonian University, one of Poland’s top universities, is demanding that a patent application for ANS coding filed by Google with the US Patent and Trademark Office be withdrawn, Radio ZET informed on Friday. The technology that the IT giant is looking to patent has been developed by the uni...

Ronson’s H1 apartment sales up 21% y/y

Warsaw Stock Exchange-listed developer Ronson Development sold 439 apartments in the first half o this year, which marks a 21-percent increase upon H1 2016. The company hopes to offload a total of approximately 800 units in 2017. In the second half of this year, Ronson plans to launch construction o...
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Warsaw Trade Tower filling up with tenants

Five lease agreements for a total of 3,600 sqm of space have been signed at the Warsaw Trade Tower (WTT) office building in the Polish capital since the beginning of this year with the latest deal, for almost 800 sqm, having been concluded in recent weeks. The skyscraper, which is owned by the Akron...
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New car registrations up by 16.63 % y/y in July

New passenger car and van registrations totaled 41,614 in July and was 16.63 percent higher year-on-year, as well as 11.96 percent lower than in June 2017, according to a report by market researcher Samar citing national car registry. The y/y number has been growing for 28 consecutive months. It is ...
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Locked content Unemployment still at record low 7.1% 

In July the unemployment rate in Poland stood at 7.1 percent, the same as in June, the Ministry of Family, Labour and Social Policy estimated on Friday. This is the lowest reading since 1991 and 16.2 percent lower than in June 2016, the ministry informed. The number of unemployed people last month a...
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Beer production up by 14% 

Beer production in Poland increased by 14 percent over the past ten years, with 42 million hectoliters produced in 2016, compared to 37 million hectoliters in 2007, according to the Central Statistical Office report. At the same time, the lowest level of production was recorded in 2009, when it amou...