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Black Friday price levels only 1.3% lower – Deloitte

During Black Friday online stores lowered the prices by an average of 1.3 percent compared to the level from a week earlier, November 17, according to a report prepared by Deloitte in cooperation with Dealavo. Price levels of 150 goods in 800 internet stores were analyzed. On Black Friday (November ...
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Poland resumes apple juice imports from China

Poland has once again started importing condensed apple juice from China, according to daily Puls Biznesu. Apple shortage in Poland and in the EU has led to an increase in apple imports from China: between July and September 2017 EU imported 9.6 tonnes of condensed apple juice, nearly three times as...

Locked content Bank Millennium’s PLN 1.5 bln securities issue approved by super...

The supervisory board of Bank Millennium has approved the lender’s third securities issue program with nominal value of up to PLN 1.5 billon. The securities will be issued between February 2018 and March 2023 and will not have collateral. Bank Millennium’s strategic shareholder is Banco Comercial Po...

Locked content Bogdanka to hire 300 miners in 2018

Coal mining company Bogdanka wants to employ 300 new mine workers next year, Bogdanka’s CEO Krzysztof Szlaga said at the Monday Miner’s Day celebration. He said that the company remains to be in good financial standing and that it is planning major investments. “We are increasing employment seeing w...

Locked content PGNiG books PLN 8.1 bln worth of gas deliveries via Baltic Pipe

Polish gas supplier PGNiG has reserved gas deliveries for a total of PLN 8.1 billion over the period of 15 years in the Open Season procedure for Baltic Pipe. No other reservations were made in the procedure, said government plenipotentiary for energy infrastructure Piotr Naimski. The planned Baltic...

Locked content Polsat buys TV channels for PLN 103 mln

Broadcaster Polsat group has purchased 100 percent of shares in companies which own TV channels: Eska TV, Eska TV Extra, Eska Rock TV, Polo TV and Vox Music TV, as well as 34 percent of shares in a company holding Fokus TV and Nowa TV. The latter has also signed a preliminary agreement to sell…...

Locked content Cyfrowy Polsat to buy 32% of Netia shares

Cyfrowy Polsat has placed a purchase order for some 32 percent of Netia shares from Mennica Polska and FIP 1 FIZAN for a total of PLN 638.8 million, placing the share value at PLN 5.77. The company wants to increase its share in Netia’s AGM votes to 66 percent in early 2018. Cyfrowy Polskat expects&...
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Fitch increases Poland’s GDP growth forecast to 4.4% in 2017

GDP growth will come in at 4.4 percent in 2017, then slow down to 3.6 percent in 2018 and to 3.2 percent in 2019, according to the latest projections by the Fitch ratings agency. Fitch increased GDP growth projections by 0.4 pp for 2017 and for 2018, and maintained its projection for 2019, compared ...

Locked content BAT completes PLN 450 mln investment in Augustów, hires 500 people

British American Tobacco opened its new production plant in Augustów, northeastern Poland, which employs 500 new employees raising employment to a total of 1,300 people. The investment cost PLN 450 million. The four new production facilities of a total area of 8,000 sqm house 15 new production lines...

Locked content Stokrotka with 10.6% sales growth y/y in November

Sales in the Stokrotka retail chain, owned by WSE-listed Emperia Holding, increased in November by 10.6 percent y/y to PLN 205 million, the company stated. Revenue from sales in the October-November period stood at PLN 431 million, an 11 percent increase y/y, while for the January-November period re...