Locked content KGHM plans to increase production at Sierra Gorda

WSE-listed silver and copper giant KGHM expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18 percent next year from current levels to reach 130k metric tons. KGHM will also commission the copper concentrate roasting installation by the end of 2018, the firm said. Comple...

Locked content AmRest to develop Burger King brand in Czechia and Slovakia

WSE-listed restaurant operator AmRest signed a contract with Burger King Europe on the exclusive development of the brand in the Czechia and Slovakia. “Based on the deal, within 5 years AmRest plans to increase Burger King portfolio by 40 new restaurants in the Czech Republic and 15 in Slovakia,” th...

Locked content PiS support unchanged. PO gains – Kantar Public poll

According to the latest poll conducted by Kantar Public, if elections took place now, 37 percent of Poles would vote for ruling Law and Justice (PiS), while 22 percent would vote for Civic Platform (PO). PiS support remained unchanged compared with last month, while PO’s support increased by 2...

Employment and wages grow in February – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in companies in February grew by 3.7 percent year-on-year, while the wages grew by 6.8 percent. In month-to-month terms, employment grew by 0.2 percent, while salaries increased by 0.2 percent as well.

Locked content HICP inflation at 0.7% in February – Eurostat

The harmonized index of consumer prices for Poland stood at 0.7 percent year-on-year in February after a 1.6 percent growth in January, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices decreased by 0.4 percent. Throughout the EU, the rate amounted to...

KNF: insurers with PLN 5.69 bln profit in 2017

Net profit of insurers operating on the Polish market increased to PLN 5.69 billion in 2017 compared to PLN 4.09 billion a year earlier. Gross written premiums amounted to PLN 62.35 billion compared to PLN 55.88 billion a year earlier, the Financial Supervision Authority (KNF) reported.

Base inflation at 0.8% in February – NBP

Poland’s base inflation (excluding food and energy prices) amounted to 0.8 percent in February, compared with 1 percent the month before, according to data released by Poland’s Central Bank NBP.

Locked content OncoArendi Therapeutics eyes raising PLN 53-66 mln from IPO

WSE-bound biotech company OncoArendi Therapeutics plans to raise PLN 53-66 million from the planned IPO, the company prospectus showed. It plans to issue between 0.5-2 million new shares which represent up to 14.63 percent stake in the company. On top of that, the company will offer up to 11.67 mill...