Locked content ZUS transfers PLN 42 mln to OFEs this week

Social Insurance Board (ZUS) transferred PLN 41.9 million to the open pension funds (OFE) this week. So far this year, ZUS transfers amounted to PLN 77.7 million. Last year, ZUS transferred PLN 2.93 billion to OFEs. Poland has been transferring a portion of the Poles social security premium to their...

HICP inflation at 1.7% in December – Eurostat

The harmonized index of consumer prices for Poland stood at 1.7 percent year-on-year in December, after a 2 percent growth in November, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices increased by 0.2 percent.

Employment and wages continue to grow – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in companies in December grew by 4.6 percent year-on-year, while the wages grew by 7.3 percent. In month-to-month terms, employment inched up by 0.2 percent, while salaries increased by 7.9 percent.

Locked content Judicial reform may undermine rule of law and hurt FDIs – Moody’s

According to ratings agency Moody’s latest report on the CEE region, the latest judiciary overhaul in Poland could erode rule of law and negatively affect the economic sentiment and foreign investments. “The agency believes that a less predictable political environment will limit the credit profile ...

Locked content PGNiG with new deposits in Podkarpacie

WSE-listed gas giant PGNiG recorded industrial-scale gas flows at its two new boreholes in the Podkarpackie voivodship. The company estimates that after connecting to the mining infrastructure, the gas flows from the Sędziszów-38K well will amount to some 68k cubic meters daily, while Korzeniówek-1K...

Locked content Energa reverses PLN 138 mln impairment

WSE-listed power utility Energa has reversed its PLN 138 million impairment on generation units and as a result, expects its net profit for 2017 to be boosted by PLN 114.9 million. “As a result of impairment tests carried out for the fourth quarter of 2017, we’ve increased the recoverable value of w...

Locked content CCC signs franchise deal for Middle East markets

WSE-listed footwear retailer CCC signed a 10-year franchise deal with UAE-based Apparel FZCO to sell its products in a number of markets in the Middle East, the company said in a market filing. According to the contract, Apparel will open at least 60 CCC stores till 2023 in UAE, Qatar, Saudi Arabia,...

Locked content Stadler signs PLN 2.2 bln deal with Koleje Mazowieckie

Swiss rolling stock producer Stadler signed a PLN 2.2 billion contract with state-owned regional railways Koleje Mazowiecki for 71 trains. According to the agreement, the vehicles will be delivered from 2018 to 2022, with the first six rolling stock to be used on the Działdowo line. Koleje Mazowieck...

Locked content Neuca with PLN 120 mln buyback program

WSE-listed pharma distributor Neuca approved a buyback program of up to 300k shares at no more than PLN 120 million, the company said after its shareholders’ meeting. The scheme is valid till end-2019. The maximum price has been set at PLN 400 apiece. At end of trading day on Wednesday, the co...