EU subsidies reach PLN 121 bln

The value of EU subsidy applications submitted by September 3 amounted to PLN 240.8 billion, according to data released by the Ministry of Development. Till that date, 21,879 contracts for the EU co-financed projects amounted to PLN 121 billion in EU subsidies.

Locked content Poland condemns North Korea latest nuclear test

Poland’s Foreign Ministry condemned the latest nuclear tests conducted by North Korea. “This provocative act, together with the recent launch by Pyongyang of another ballistic missile, not only violates the existing international commitments but also dangerously escalates the tension in the region a...
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Polnord to launch Studio Morena project in Gdańsk

A subsidiary of Warsaw Stock Exchange-listed developer Polnord will later this month launch construction work on its Studio Morena residential project in Gdańsk. The company has selected builder KB Dom, part of the Polnord capital group, as the general contractor of the scheme, which is scheduled to...

Locked content Banking sector profit grows by 25.1% in July – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.22 billion in July, according to data from the Poland’s Central Bank (NBP), representing a 25.1 percent growth y/y. At end-July, the sector had PLN 8.09 billion net profit, down by 12.5 percent y/y. Operational costs stood at PLN 2.6...

Locked content WSE turnover grows in August

Equity turnover on the main market of the Warsaw Stock Exchange in August amounted to PLN 18.5 billion, an 18.3 percent year-on-year increase, the stock exchange has announced. In the period between January August 2017, turnover increased by 42.4 percent y/y and reached PLN 180.37 billion. The bours...
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Moody’s sharply raises Poland’s GDP forecast

Ratings agency Moody’s raised its economic growth forecast for Poland this year to 4.3 percent from the previous 3.2 percent, citing positive statistical data, adding that Warsaw should maintain the momentum throughout the year.

Locked content Orange announces new strategy. Dividend possible in 2020

WSE-listed telecom Orange Polska forecasts adjusted EBITDA within PLN 2.8-3 billion range this year, and sees it stable for 2018 and growing in subsequent years, the company said in its new strategy for 2017-2020. Revenues should stabilize in 2019 and start increasing in the following years, the com...

Locked content Orlen launches PLN 1 bln retail bond program

WSE-listed fuel giant PKN Orlen will launch a PLN 1 billion retail bond program for issuance over the coming 12 months, the company said in a market filing. Bonds will be sold in a number of issues via public offering and listed on the WSE’s Catalyst bond trading platform….

Locked content Emperia August sales reach PLN 214 mln

WSE-listed retailer Emperia sales in August amounted to PLN 214 million, a 14.4 percent y/y increase. In LfL terms, sales increased by 8 percent y/y. So far this year, the company sales amount to PLN 629 million, up by 7 percent y/y. In August, Emperia opened 10 new stores, including 1 supermarket, ...

Locked content PGNiG signs LNG delivery deal with Statoil

WSE-listed, state-owned gas giant PGNiG signed a spot delivery deal with Statoil for 140k cubic meters of LNG (84 million cubic meters of natural gas) from Norway, the company said in a market filing. The fuel will be delivered to the LNG terminal in Świnoujście on September 9. This is a second spot...