Locked content EU to review daylight savings time

The European Parliament called on the European Commission, the EU’s regulatory arm, to conduct a “thorough assessment” of bloc-wide legislation on daylight savings time and, “if necessary, come up with a proposal for its revision.” “Numerous studies have failed to reach a conclusive outcome, but ind...

Locked content Sare tender will go through

WSE-listed IT sales and marketing company has secured the minimum number (916,892) of shares covered by the tender and will go through, the company said in a market filing. Back in December, Tomasz Pruszczyński, along with Polinvest 7 investment fund announced a tender for 1,696,021 Sare shares at P...

MF sells PLN 5 bln worth of bonds. Debt needs financed at 43%

The Ministry of Finance sold PLN 5 billion worth of bonds on auction. The five series will mature in 2020, 2022,2023, and 2028 (two series). Investor interest was at PLN 8.65 billion. According to the ministry after this bond issue, this year’s budget debt plan has been financed at 43 percent.

Locked content Poczta Polska with PLN 500 mln revenue from non-core services

State-owned postal operator Poczta Polska had PLN 400 million revenue last year from sales of various products at its branches. “Customers get used to the fact that the activity of Poczta Polska is not limited to handling parcels. We are consistently expanding our offer because we want to offer attr...

Orbis opens two hotels in Slovenia

WSE-listed hotel operator Orbis opened its first two hotels in Slovenia, under Mercure and ibis Styles brands, the company said in a market filing. The facilities were launched in cooperation with a local partner and investor Terme Maribor.

Locked content Prairie Mining to a sell mine to JSW?

WSE-listed coal miner Prairie Mining is in talks with another WSE-listed peer JSW regarding “co-operation,” which according to daily Dziennik Gazeta Prawna concerns selling mining license for defunct coking coal mine Dębieńsko. “Prairie confirms that a meeting was held with JSW where preliminary dis...

Locked content PKP Intercity 2017 net profit soars

State-owned passenger railway carrier PKP Intercity had a PLN 270 million net profit last year, compared to PLN 47 million profit in 2016. The company had 42.8 million passengers in 2017, up by 11 percent y/y and above its own forecasts for 39.2 million passengers. “In 2017, we’ve had the increase i...

Locked content Poll: 24% of Poles did not read a single book last year

Almost 24 percent of Poles surveyed by Maison & Partners Institute on behalf of discount retail chain Biedronka, admitted that they had not read any books during the last year, and more than 47 percent did not buy any books. “At the same time, respondents are convinced of the important role play...

Locked content Car registrations to reach 535k this year – report

This year, the number of car registrations will grow to 535k from 486,500 last year, according to the Samar institute. “Last year’s result was higher by 16.89 percent y/y. This year, we can expect further growth in the market to about 535k new registrations. If this forecast is correct, it would be ...