Unemployment drops to 6.6% in October – Labor ministry

The registered unemployment rate amounted to 6.6 percent in October, down by 0.2 percent in month-on-month terms, and 1.6 percentage points lower y/y, based on estimates from job centers, the Ministry of Family, Labor and Social Policy announced.

Locked content Livechat shares plummet after Facebook launches similar product

The shares of WSE-listed software producer Livechat dropped by 20 percent on Wednesday, after the news that social media giant Facebook introduced a Messenger plug-in for business websites, a product similar to the flagship one from Livechat. The extension will allow billions of Facebook users to ta...

Locked content Failed bus bomber gets 20 years sentence

Paweł R. (name withheld due to the Polish privacy laws), a 23-year-old former chemistry student was sentenced to 20 years in prison for planting a home-made bomb on a bus in Wrocław in May last year. The device, which failed to properly detonate injured a woman waiting at the bus stop. Paweł R. lawy...
Image: Vastint Poland

New tenant in Business Garden Poznań complex

Developer Vastint Poland has signed lender Provident Poland for its Business Garden Poznań office complex in Poznań. The tenant, who was represented by Colliers International during the lease negotiations, has taken up almost 700 sqm in the location and will move into its new premises at the beginni...

Locked content Only 138 e-cars registered in Poland in Q3

In Q3 there were only 138 new electric cars registered in Poland, which is a 238 percent y/y increase, according to data released by the European Automobile Manufacturers Association. In the whole EU, 23,841 new electric cars were registered. In case of hybrid cars, the figure stood at 170 new regis...

Locked content KGHM to loan PLN 900 mln from EIB

WSE-listed, state-controlled copper giant KGHM is planning to take a PLN 900 million unsecured loan from the European Investment Bank, the company said in a market filing, after agreeing on loan terms with the lender. The loan would be given in tranches in PLN, USD or EUR and would bear either a fix...

Locked content New pension programs to boost GDP growth by 0.3-0.4% – PFR head

Poland hopes to put PLN 15-20 billion a year into capital markets as a result of its new employer-sponsored pension program, according to the CEO of state investment vehicle PFR Paweł Borys. “They will strengthen the financial base of the corporate sector and bring an increase in the long-term econo...

Locked content JSW PLN 2.63 bln coking coal supply deal

WSE-listed coal producer Jastrzębska Spółka Węglowa signed an estimated PLN 2.63 billion ten-year deal to deliver coking coal to Austrian company Voestalpine. The deal will be valid from April 2018 with prices negotiated on a quarterly basis in euros….

Locked content Enea with PLN 214 mln Q3 net profit – prelim. results

WSE-listed power utility Enea generated a consolidated net profit of PLN 838 million at end-Q3, according to the company’s preliminary financial results. The company’s revenue from sales stood at PLN 8.39 billion, EBITDA reached PLN 1.94 billion, and EBIT at PLN 1.07 billion. For Q3 alone, the...