Locked content Cyfrowy Polsat Q4 profit to take PLN 144 mln hit

WSE-listed media group Cyfrowy Polsat will have its Q4 net profit hit with PLN 144 million in due to an increase of the value of deferred income tax liabilities following a change in corporate income tax regulations, the company said in a market filing. Moreover, the company received some bad news f...

Eurostat: Retail sales up by 5.5% in January

The volume of seasonally adjusted retail trade in Poland grew by 5.5 percent year-on-year in January, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it increased by 0.3 percent.

Locked content Daily sales down 10.3% in January

The sales of Polish daily newspapers has dropped by 10.3 percent y/y to 667,098 copies in January, according to data by The Association of Control of Press Distribution (ZDKP). The top-selling newspaper continues to be tabloid Fakt with 261,702 copies sold daily on average (6.5 percent y/y drop and ...

Locked content Passenger car registration up by 8.8% in February – Samar

The number of new registrations of passenger cars and vans in Poland in February amounted to 46,870, according to data from sector research firm Samar. The figure grew by 8.8 percent year-on-year and fell by 8.17 percent month-on-month. This was the 35th consecutive month of growth. “Considering the...

Locked content Coal miners with PLN 3.6 bln net profit in 2017

Polish coal miners sold 66.3 million metric tons of coal last year, compared with 73.1 million in 2016, the Industry Restructuring Agency (ARP) said. Despite the lower volumes, revenues, boosted by the 26 percent increase in coal prices, increased by 14 percent to third to PLN 20.5 billion. Net prof...

Locked content Poland might boost FX-mortgage support at banks expense

Poland could increase benefits for FX-mortgage holders at the cost of higher premiums for banks, the chief of the Parliamentary commission Tadeusz Cymański said. According to him, the support for the poorest borrowers should be higher than currently planned PLN 72k to PLN 100-150k according to Cymań...

Locked content WSE suspends PCC Intermodal trading

The Warsaw Stock Exchange has suspended trading of the railway cargo operator PCC Intermodal after its majority shareholder PCC SE called for a mandatory buy-out of the 6 million shares (7.85 percent stake) still in freefloat at PLN 2.66 apiece. The subscription date was set for March 5….

Locked content Morawiecki plans to reduce cabinet positions by 20-25%

PM Mateusz Morawiecki said that he plans to reduce the number of posts in his cabinet, including ministers and deputy ministers by 20-25 percent. “Today we have a total of 126 people in ministerial and deputy ministerial positions, including secretaries and undersecretaries of state. Over the next 2...

Locked content EJT buys 1.5 mln shares in Tarczyński

Elżbieta and Jacek Tarczyński, the main shareholders of WSE-listed meat processor Tarczyński, have bought 1.5 million shares in the company in the tender offer through its subsidiary EJT Investment. Tarczyńscy, who currently control 47.12 percent stake and 58.18 percent of the voting rights, wanted ...