Locked content Fuel prices drop again

Average fuel prices decreased by PLN 0.03 last week, while diesel prices dropped by PLN 0.04, and LPG prices inched down by PLN 0.01, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.64/liter, diesel at PLN 4.53/liter and LPG at PLN 2.07. This week price ...

Employment and wages grow in January – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in companies in January grew by 3.8 percent year-on-year, while the wages grew by 7.3 percent. In month-to-month terms, employment grew by 2 percent, while salaries decreased by 7.7 percent.

Locked content Insolvencies up by 19% in January – Euler Hermes

As many as 82 companies became insolvent in January, which is 19 percent y/y increase, Euler Hermes said. Euler Hermes points out that the main problem companies have of extending payment terms is the lack of a cushion caused by low margins. The largest increases were recorded year-on-year in wholes...

Locked content Gekoplast announces squeeze out

K-Holding, through its subsidiary Sacellum has called a mandatory tender for 40,598 Gekoplast shares (0.67 percent stake) still in free-float at PLN 15.31 apiece, the company said in a market filing. The tender will start on February 16 and be finalized on February 21. Back in December, K-Holding, t...

Locked content WSE suspends trading of 5 NewConnect companies

WSE management suspended trading of six companies, listed on the small-cap, alternative NewConnect market. They include steel and aluminum construction elements producer Alkal, real estate firm Grupa Jaguar, HR company Loyd, fuel distributor Momo, and sports infrastructure company Polscy Inwestorzy....

Locked content Fortuna announced delisting

Shareholders of WSE-listed betting company Fortuna have decided to delist the company from Warsaw and Prague bourses, Fortuna said in a market filing. Back in January, Fortbet Holdings, the company’s majority shareholder launched a tender for 0.68 percent of the company’s shares listed on WSE at PLN...

Locked content Azoty file an offer for German Compo Expert

WSE-listed chemicals group Azoty has filed a non-binding offer to buy German fertilizer producer group Compo Expert, Azoty said in a market filing. Compo Expert is a global, specialty fertilizers. Its owner is a British XIO Group. “The product offer of Compo Expert would expand the product portfolio...

Bogdanka dismisses CEO

WSE-listed coal miner Bogdanka dismissed its CEO Krzysztof Szlaga. The company named its Deputy CEO Sławomir Karlikowski as acting CEO and will seek a new head.