Locked content Szyszko: We can’t be fined for logging in Białowieża

According to the Environment Minister Jan Szyszko, Poland can’t be fined for logging in the primeval Białowieża forest as it has been abiding by the EU laws. “We do not face any penalties and this is clearly stated in the provisional application that we received from the European Court of Justice. P...
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Average Pole to spend PLN 882 on Christmas – report

This year Poles intend to spend PLN 882 on average on gifts, food, and meetings with their close ones on Christmas, which is 2 percent more than last year, according to a study by consulting firm Deloitte. It was added that we would like to spend more on gifts than on food. Last year, Poles declared...

Locked content Court declares Alma bankrupt

The District Court in Kraków declared WSE-listed retailer Alma bankrupt and approved the terms of sale of part of its assets to Immomok (Leclerc subsidiary) for PLN 94 million net, Alma said in a market filing. Alma filed for bankruptcy back in February….
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EU to abolish geoblocking in e-commerce

The EU has agreed to abolish geoblocking in online retail trade. After the new regulation come into force, customers from the whole bloc will be able to purchase goods and services on any website in the EU, without being redirected to local sites with differing prices. “Removing unjustified blocking...

Locked content GetBack acquires €246 mln Spanish debt portfolio

WSE-listed debt collector GetBack won the tender to buy debt portfolios with a combined nominal value of €246 million from an unnamed Spanish bank, the company said in a market filing. The company declined to release the price it paid, but according to the filing it is “a market price for such asset...

Locked content AmRest Q3 profit grows

WSE-listed restaurant operator AmRest posted a PLN 85.25 million attributable net profit in Q3, above consensus expectations for PLN 70 million, and up by 36.5 percent y/y. Revenues amounted to PLN 1.35 billion, in line with expectations and 17.1 percent y/y increase. EBITDA increased 24.8 percent y...

Locked content PGNiG signs deal for LNG supplies from the US

WSE-listed, state-owned gas giant PGNiG signed a 5-year deal with Centrica LNG Company Limited for the deliveries of US LNG. “We will get 9 shipments over 5 years so on average two shipments a year,” company’s CEO Piotr Woźniak said. While he didn’t want to discuss the price and volume, company’s De...

Locked content LPP confirms its Q3 net profit

WSE-listed fashion retailer LPP had a PLN 85 million net profit in Q3 confirming its early estimates. Last year, the company had PLN 6.49 million loss. The group’s consolidated revenue stood at PLN 1.81 billion, a 22 percent y/y growth, while EBIT amounted to PLN 103 million compared to PLN 4.8 mill...