Locked content Ferro net profit falls to PLN 11 mln in 2017

Sanitary and heating appliances producer Ferro recorded net profit of PLN 11.06 million in 2017. This is almost three times less than in 2016, when Ferro earned PLN 29.09 million, the company reported. Ferro, following the result of the customs and tax control, decided to create a provision, affecti...

Locked content Kąkolewski dismissed from GetBack CEO post

WSE-listed debt collector GetBack dismissed Konrad Kąkolewski from CEO post effective immediately. The board appointed Kenneth William Maynard interim CEO till June 15, the company said in a statement. In addition, Anna Paczuska and Marek Patuła resigned from being board members with immediate effec...

Locked content T-Bull has 7 million game downloads in March

Game developer T-Bull registered about 7 million new game downloads in March, the company reported. In total there were about 316 million downloads since the firm’s inception, it added. Among the most popular and profitable games offered by the company are “Moto Rider Go” and ̶...

Locked content Browar Jastrzębie plans listing on NewConnect in 2018

Browar Jastrzębie plans to debut on NewConnect stock exchange in 2018. “We hope that by entering the alternative market we will be able to authenticate our company and to build our market position through even better transparency,” the company said in a statement. Browar Jastrzębie aims to focus on ...

Locked content ElectroMobility Poland elects Piotr Zaremba new CEO

ElectroMobility Poland appointed Piotra Zaremba new CEO. The former CEO Maciej Kość will become director of the Warsaw office of the Polish Electricity Committee in the near future, the company said. Maciej Kość was in the role of CEO since October 2016.  Zaremba was the managing director and head o...

Locked content Lux Med will decide about acquisition of Swissmed shares by April 21

Lux Med signed with the main shareholder of Swissmed Centrum Zdrowia the Letter of Intent (LOI), regarding a pre-emptive right for the acquisition of Swissmed shares. The parties should sign an agreement by April 21. According to LOI, Lux Med will support Swissmed activities during the period no sho...

Locked content Polish exports to Asia grow 341% over last 13 years

Exports of Polish goods to Asia grew by 341 percent during the last 13 years, Export Credit Insurance Corporation (KUKE) reported.  In 2017 products exported from Poland to Asian countries accounted for 5.7 percent of the total Polish exports. “The potential of Asia is noticed by the Polish entrepre...

Locked content HealthTech firm InventionMed plans to move to WSE main market

Health tech company InventionMed wants to move its shares to the WSE main market in 2018/2019, the firm’s CEO Tomasz Kierul told ISBnews. The company has no plans for another shares issue, as it has sufficient funds for its current projects and will also apply for EU grants for R&D investments, ...

Poles could travel to US without visas in 2019 – US consul

Visas could be abolished for Polish citizens traveling to the US as early as next year provided the rejection rate falls below 3 percent by end-September, from the current 5 percent, according to US consul in Poland Thomas S. Zia. He said that each year 200,000 Poles visit the US, and the number of ...

Locked content Tech Invest looking to offload WDB HealthCare shares

Tech Invest Group wants to sell 100 percent of its shares in medical insurance agency WDB HealthCare, the company stated. According to new regulations coming into force in October 2018, brokers will not be allowed to own shares in an insurance agent, apart from shares listed on regulated markets. Se...