Locked content Poland qualifies for the 2018 World Cup

Poland beat Montenegro 4:2 in the last World Cup qualifying game and secured its spot in next year’s tournament winning group F. Poland took the 2:0  early on with goals from Krzysztof Mączyński and Kamil Grosicki. But the hosts lost the lead, and possible World Cup seat after Montenegro scored two ...

Locked content Monnari revenue grows by 22.1% in September

WSE-listed fashion retailer Monnari increased its sales revenue in September by 22.14 percent reaching PLN 17.1 million, the company said in a market filing. Revenue for the period between January and September stood at PLN 167.3 million and was 8.92 percent higher y/y….

Locked content Idea Bank CEO resigns

Jarosław Augustyniak stepped down from his post as the CEO of WSE-listed Idea Bank effective immediately without providing any reasons. The bank appointed deputy CEO Tobiasz Bury as acting CEO. On the same day, Dominik Fajbusiewicz posted his resignation from the management board. Magdalena Skwarzec...

Locked content Fuel prices down, diesel up

Average fuel prices dropped by PLN 0.02, while diesel went up by PLN 0.04, and LPG prices decreased by PLN 0.02 last week, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.61/liter, diesel at PLN 4.45/liter and LPG at PLN 2.11. This week, diesel prices sh...

Locked content Enter Air sign $81.4 mln deal with TUI Poland

WSE-listed charter air carrier Enter Air signed a $81.4 million contract with tour TUI Poland for the next year’s tourist season, the company said in a market filing. The deal is 28 percent higher than last years and the biggest in the airline’s history. “The situation on the Polish tourist market i...

NBP reserves grow in September

Poland’s Central Bank’s (NBP) reserves stood at €94.36 billion at end-September and were €2.2 billion higher than last month, according to the NBP’s official reserve data. Reserves denominated in USD have increased by $1.7 billion to $111.35 billion.

Locked content AmRest approves plan to move to Spain

WSE-listed restaurant operator AmRest shareholders approved the motion to move the company’s headquarters to Spain from Poland, with 90.55 percent of the votes in favor. Back in July, the company announced the plan to move to Spain for investments reasons with the possibility of dual listing on one ...

Locked content Duda and PiS ‘close reaching a compromise’ over judiciary reforms

After the latest meeting on Friday, representatives of the ruling Law and Justice party, and President Andrzej Duda said that they’re close reaching a compromise on judiciary reforms. “Law and Justice has made huge concessions when it comes to the judiciary reform. I think that we are close to an ag...

Locked content PKO BP bank to issue up to CHF 350 mln in eurobonds

WSE-listed bank PKO BP, will issue Eurobonds worth up to CHF 350 million, under its current €3 billion euro medium term note (EMTN) program. “The decision to go ahead with the Eurobond issue will depend on market conditions,” the company said in a market filing. The papers will mature in 3 to 4 year...

Locked content Polish drug market to reach PLN 38.5 bln in 2017 – report

The Polish drug market will grow by 5.4 percent y/y this year and reach some PLN 38.5 billion, according to QuintilesIMS researcher. The over the counter segment will increase by 6 percent to PLN 14 billion, while the prescription one by 3 percent to PLN 18.5 percent. The hospital segment is seen ex...