Locked content EU Parliament approves Article 7 procedure against Poland

MEPs approved by 422 to 147 a resolution which supports the European Commission’s decision to trigger Article 7 against Poland for passing constitutional reforms that undermine the independence of the judiciary. The lawmakers also urged the European Council to “swiftly determine” whether Poland is a...

Locked content Police fail to secure refund on Senegalese assets on time

Police, a subsidiary of WSE-listed chemicals group Azoty did not secure payment and guarantees before the deadline from its former investment partner Senegalese DGG Eco, the company said in a market filing. Back in December, both sides have signed a conditional deal to reverse the purchase of Senega...

Unemployment in Poland at 4.5% in January – Eurostat

The seasonally adjusted unemployment rate in Poland stood at 4.5 percent in January, the same as the month before, the EU statistical office Eurostat said. This is a drop from January 2017, when it stood at 5.3 percent. The pan-European statistics agency, which uses roughly the same criteria as Pola...

Locked content Netia with Q4 loss

WSE-listed telecommunications firm Netia reported a PLN 6 million net loss Q4 compared with PLN 2.38 million profit last year. Revenues dropped by 3 percent to PLN 360.58 million. EBITDA amounted to PLN 91.9 million, down by 9.6 percent y/y. In 2017, the company had PLN 35.5 million, up from PLN 32....

Locked content WSE with PLN 156 mln net profit in 2017

Warsaw Stock Exchange had a PLN 156.01 million net profit in 2017 compared with PLN 131.09 million the year before. The revenues stood at PLN 351.96 million, up from PLN 310.86 million in 2016, while the operating profit grew to PLN 183.9 million. “In unitary terms, net profit in 2017 amounted to PL...

Locked content North Fish wants to enter the UK market

Polish restaurant chain North Fish has started searching for locations to open its first restaurants in the UK, said Savills, who supports the tenant in the expansion process in the UK. The company also plans further development in Poland, where it already has 40 premises. North Fish is looking for ...

FinMin: Budget surplus at PLN 8.6 bln at end-January

The Ministry of Finance has informed that Poland recorded a budget surplus of PLN 8.6 billion at end-January. During that period, PI revenues increased by 13.7 percent, while CIT revenues were up by 11.4 percent y/y. On the other hand, VAT revenues decreased by PLN 3.6 billion.

Locked content OFEs won’t sell AAT Holding shares in the tender

A number of Open Pension Funds (OFEs) informed that they will not be responding to the tender offer for WSE-listed system developer AAT Holding deeming the PLN 23 price tag per share “below the company’s market value. The group includes Nationale-Nederlanden OFE, Aviva OFE Aviva BZ WBK, Aegon OFE, a...

Locked content Record-high demand for electricity due to extreme cold weather

State-owned grid operator Polskie Sieci Elektroenergyteczne (PSE) had a record-high demand for electricity today during the winter peak. The new result was recorded at 18:30 on Wednesday and amounted to 26,448 MW, beating record-high demand set a day earlier of 26,316 MW, PSE said. PSE operates over...

Locked content WSE wants to launch pan-CEE index

WSE operator plans to launch a joint index of the most liquid CEE stocks in cooperation with other regional bourses, the exchange CEO Marek Dietl said, adding that in the future regional bourse could set up an exchange traded fund (ETF) based on such index. Preliminary talks on the initiative were l...