BIEC: Economic sentiment drops in November

The leading indicator of economic sentiment (WWK) in Poland estimated by the Bureau for Investments and Economic Cycles (BIEC) decreased by 0.9 points and stood at 169.5 points in November. According to the bureau’s analysts, last few months are clearly showing that the economy has reached its maxim...

Pengab banking sentiment grows in November

The Pengab index, which measures conditions in the banking industry, increased by 1.5 points month-to-month to 27.3 points in November, according to the Monitor Bankowy report issued by Kantar TNS. Last year, the indicator stood at 17.2 points.

Locked content OECD raises its GDP forecast for Poland

The Organization for Economic Cooperation and Development (OECD) has raised its 2017 GDP forecast for Poland to 4.3 percent from 3.6 percent previously forecast. For next year, the organization forecasts 3.5 percent growth, up from the previous 3.1 percent growth projection. For 2019, according to O...

Locked content Uniwheels with €11.7 mln Q3 profit

WSE-listed alloy wheels producer Uniwheels had €11.7 million consolidated net profit in Q3, down from €14.4 million profit last year. EBITDA was €19.4 million compared with €15.3 million gain a year earlier. Consolidated revenues amounted to €130.6 million in Q3 2017 against € 111.9 million a year e...

Locked content Pfleiderer may face a significant fine for breaking competition laws

WSE-listed chipboard producer Pfleiderer may face a fine of up to 10 percent of its revenues as a result of a collusion investigation run by antitrust watchdog UOKiK, Pfleiderer said in a market filing. The alleged collusion concerns an agreement on price fixing and exchange of commercial informatio...

Locked content Housing loans drop in Q3 – ZBP

Polish banks granted 45,824 new housing loans in Q3, according to data released by market lobby ZBP. That figure is 8 percent lower q/q. In terms of value, mortgages reached PLN 10.95 billion, which is 6.3 percent less q/q. In y/y terms, origination grew by 7.5 percent, while the value increased by ...

Budget deficit to reach PLN 30 bln this year

According to Deputy Finance Minister Teresa Czerwińska, the budget deficit in 2017 will amount to PLN 30 billion. At end-October, the budget had PLN 2.7 billion surplus. “Traditional expenditure growth in the last months of the year and the effect of the two amendments to the budget and the budgetar...

Locked content Globalworth secure 67.9% stake in Griffin Premium RE

Investment fund Globalworth Real Estate Investments secured 67.9 percent stake (106 mln shares) in WSE-listed REIT-like Griffin Premium RE at PLN 5.5 apiece. This means that the maximum threshold set in the tender has been met and the sale will go through. Back in October, Globalworth signed an agre...

Locked content Murapol changes CEO before IPO

Michał Sapota resigned from the position of CEO of Murapol. His term will end on December 31, and he will be appointed to the company’s supervisory board afterward. Nikodem Iskra, the current Deputy CEO will step in his place. According to the company, the changes are an initial step in the preparat...