Retail sales grow by 8.2% in January – GUS

Retail sales increased in January by 8.2 percent year-on-year and dropped by 20.5 percent m/m, according to GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 7.5 percent y/y and contract by 20.6 percent m/m.

EU court advisor: Poland broke the law over Białowieża logging

According to Yves Bot, the general advocate at the European Court of Justice, Poland broke international law by drastically increasing logging in the primeval forest in Białowieża. “Those decisions are necessarily liable to result in a deterioration of the breeding sites of the protected species,” B...

Locked content Cabinet approves draft on expanding SEZs

The government approved plans to expand investors’ incentives reserved for the Special Economic Zones (SEZ) onto entire Poland’s territory. The authorities hope that such expansion will “make Poland even more attractive place for investors by creating conditions favorable to ambitious economic endea...

Locked content AAT Holding with buyback program

WSE-listed security system developer AAT Holding announced a purchase offer for 2,397,536 of its shares, representing 29.97 percent stake in the company, at PLN 23 apiece. The shares will be purchased by AAT Holding or its subsidiary Polon. The acquired shares may be designated for redemption, futur...

Locked content Orange Polska with PLN 198 mln Q4 loss

WSE-listed telecom Orange Polska had an attributable net loss of PLN 198 million in Q4 compared to a PLN 1.89 billion loss last year. Revenues fell 2.4 percent y/y to PLN 2.91 billion, while EBITDA amounted to PLN 471 million, a 26.4 percent y/y drop. Back in January, Orange said that it will take a...

Locked content PGNiG interested in importing gas from Israel and Lebanon

WSE-listed gas giant PGNiG is interested in cooperation with gas suppliers from Israel and Lebanon, however currently it’s focused on importing gas from its own supplies in Norway. “It is possible that we will come to Lebanon or Israel one day,” – said PGNiG CEO Piotr Woźniak. “We are interest...

Locked content Asseco SEE with PLN 54.6 mln Q4 net profit

WSE-listed Asseco SEE, a unit of Polish IT giant Asseco Poland, posted a PLN 54.65 million net profit in 2017, up from PLN 51.47 million in 2016. EBIT amounted to PLN 65.87 million, compared with PLN 56.78 million the year before with revenues at PLN 570.86 million (PLN 570.63 million in 2016). R...

Locked content PGNiG expects Gazprom dispute to be solved by end-March

According to the CEO of WSE-listed gas giant PGNiG the last hearing in the arbitration case against the Russian peer Gazprom has been scheduled for the last decade of March. “Afterward, we expect the ruling to be passed within weeks, not months,” Piotr Woźniak added. Back in November, PGNiG filed a ...