Locked content Poland arrests suspected Russian spy. Will expel 4 Russian diplomats

Poland’s security agents have detained an Energy Ministry official on suspicion of providing Russia with secrets about Polish energy sector The official, who has been identified only as Marek W (name withheld under Polish privacy law) is suspected of providing Moscow with the information on how Wars...

Locked content AAT Holding to buy 20 percent stake from its main shareholder

Lock Syndication, the main shareholder of WSE-listed security system developer AAT Holding, will sell 1.6 million shares of the company (20 percent stake) as part of the company’s buyback program, the firm said in a market filing. Lock Syndication owns 70 percent stake in AAT Holding. Earlier this m...

Locked content Torpol with PLN 3 bln backlog

WSE-listed construction firm Torpol backlog amounts to PLN 3.06 billion the company said in a market filing. “The record-high backlog will allow us to steadily achieve sales revenues in Poland in the coming years at the level of PLN 1 billion annually. We want to strengthen our position as one of th...

Foreigners spent PLN 41.5 bln in Poland last year – GUS

Foreign nationals spent some PLN 41.5 billion last year in Poland on goods and services, data from the Central Statistics Office (GUS) showed. In comparison, Poles spent PLN 20.1 billion during their visits abroad. Both figures represent 6.2 and 6.1 percent increase y/y respectively.

Locked content Ad market to grow by 2.3% in 2018 – report

Media house ZenithOptimedia expects Poland’s advertising market to grow by 2.3 percent to PLN 7.23 billion in 2018, increasing its previous forecast of 1.9 percent growth. The growth will be fueled by major sporting events such as the Winter Olympic Games in PyeongChang and the FIFA World Cup ...

Locked content Ciech Q4 profit drops

WSE-listed chemicals firm Ciech had a PLN 137.4 million net profit in Q4, down by 21 percent y/y, but above the PLN 127l2 million consensus. EBITDA amounted to PLN 270 million (a 21.8 percent growth), while revenues stood at PLN 961.7 million, up by 5.9 percent. For the whole 2017, Ciech had a PLN 3...

Locked content Oettinger: no separate eurozone budget

“We will not propose any euro zone budget. We do not want a Europe of different speeds,” said European Commissioner for Budget and Human Resources Monday, Guenther Oettinger while answering Polish MPs questions. “We want to have a budget of 27 countries, in which the interests of all member states w...

Locked content KNF head: merging KNF with NBP in politicians hands

The draft law on the integration of the KNF with the NBP was prepared more than a year ago and is still waiting for a political decision said the president of the Financial Supervision Authority KNF Marek Chrzanowski. He added that integration would guarantee independence for supervisors, especially...

Locked content Echo Investment with PLN 450 mln bond program

WSE-listed real estate developer plans to launch a bond program worth up to PLN 450 million this year. As many as PLN 300 million worth of papers will be directed to retail investors, company’s Deputy CEO Maciej Drozd said. The remaining bonds will be offered to institutional investors. Additionally...