Locked content Poland warns EU over judiciary overhaul pressure

PM Mateusz Morawiecki presented the European Commission with the white paper on the country’s judiciary reforms, which EU is criticizing and warned that the bloc’s pressure and criticism could backfire. “It can lead to the growth of populist political forces, seeking to dismantle or weaken … the Eur...

Locked content WOŚP raises PLN 126 mln

The Great Orchestra of Christmas Charity (Wielka Orkiestra Świątecznej Pomocy), a public benefit organization, has raised over PLN 126 million this year, which is the highest recorded total in the 26 years of the foundation’s history, breaking last year’s record by over PLN 20 million. “...

Demand for housing loans on the rise in February – BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 13.4 percent y/y in February. The average value of loan application amounted to PLN 243.29k, up by 8.4 percent y/y. The data excludes loan applications exceeding PL...

Locked content PGNiG, BGK to boost Stalowa Wola with PLN 450 mln each

WSE-listed, state-owned gas giant PGNiG and state-run lender BGK will grant the Tauron’s Stalowa Wola gas-fueled power block with PLN 450 million in financing each. Of that amount, PLN 600 million will be granted for refinancing debt, while PLN 300 million will be used to boost capex. The financing ...

Locked content Griffin Premium RE with €31.3 mln net profit fir 2017

WSE-listed REIT-like company Griffin Premium Real Estate reported €31.32 million consolidated net profit in 2017 compared with €12.24 million profit a year earlier, the company said in its financial report. Net operating profit from investment property (NOI) stood at €31.73 million versus €23.1 mill...

Vacancies drop in Q4 – GUS

There were 117,816 vacancies in Poland at end-Q4, compared to 77,975 in the corresponding period in 2016, the Polish Central Statistical Office (GUS) reported.

Locked content Poland 9th in the Women in Work Index

Poland has kept its ninth place in the latest Women in Work Index report compiled by PwC consultancy. “Since 2000, when the first ranking was created, Poland has advanced by 10 places which is one of the best results in the entire OECD, except for Luxembourg and Israel. We have reduced the differenc...

Locked content Alior 2017 profit down

WSE-listed Alior Bank posted a PLN 515.24 million net profit in 2017, down from PLN 575.23 million last year. Net income from interests grew to PLN 2.84 billion, up from PLN 1.94 billion in 2016, while fees and commissions amounted to PLN 453 million, up from PLN 331.13 million the previous year. Al...

Locked content Agora with Q4 loss

WSE-listed media group Agora had a PLN 73.5 million consolidated net loss in Q4, against PLN 10.2 million profit a year earlier, the company said in its report. Revenues amounted to PLN 330.4 million, compared to PLN 340.3 million a year earlier. EBIT loss was PLN 74.2million, compared to a PLN 24.7...