Archicom meets 2017 apartment sales target

Warsaw Stock Exchange-listed Archicom, one of the largest residential developers in Wrocław, has already sold more than 1,500 units in 2017 and has thus reached its sales target for this year. After the company’s acquisition in July of a majority stake in mLocum, a residential developer active in th...

Locked content Poland with PLN 2.32 bln in dividends and income transfers

At end-October, Poland collected PLN 2.32 billion in dividends and income transfers from state-controlled companies, the Finance Ministry said in a statement. This means that the budget plan has been met in 95.1 percent. For next year, Poland plans to receive PLN 1.77 billion from companies it owns ...

PMI grows to 54.2 points in November

The Purchasing Managers Index for Poland in November has increased to 54.2 points, from 53.4 points in October. The market consensus was 54.3 points. This is the reading’s highest result in nine months.

Locked content Best, GetBack acquire over PLN 1 bln debt portffolios

WSE-listed debt collector Best acquired a €230 million unsecured debt portfolio in Italy, the company said in a market filing. Another listed collector, GetBack, won a tender for purchase of portfolio worth a nominal ca. PLN 1.2 billion from an unspecified Polish bank, the company said in a filing. ...

Locked content LPP with 24% revenue growth y/y in November

WSE-listed fashion retailer LPP has posted consolidated revenue from sales of PLN 602 million in November, marking a 24 percent increase y/y. For the January-November period, revenue amounted to PLN 6.13 billion, which is 24 percent higher than in the corresponding period of last year. Internet sale...

Locked content CCC sales grow 27% in November

WSE-listed footwear retailer CCC recorded consolidated revenue of PLN 426.4 million in November, a 27 percent y/y growth. Since the beginning of the year, revenue stood at PLN 3.72 billion, marking a 30.5 percent increase y/y. Revenue in traditional stores was 18.3 percent higher than in the corresp...

Locked content LOT gets its first Boeing 737 Max 8

State-owned airlines LOT received its first out of six ordered Boeing 737 Max 8 planes. The machine is the most modern narrow-body aircraft in the world and will be used for the carrier’s short- and mid-range routes. Polish airline is one of the first in the world with the aircraft, which had its ma...

Locked content KSF leaves anti-cyclical buffer at 0%

Macroprudential body KSF recommended maintaining the anti-cyclical buffer for banks at 0 percent, which was approved by the Polish government, Central Bank NBP reported. “The risk structure and hierarchy in the banking sector have not changed significantly compared to the previous period. In the com...