Struggle for impartiality

The political turmoil surrounding the judicial system is not just a matter for European debate on principles. How does the issue of judicial independence affect regular people? WBJ asked Poland’s Ombudsman, Adam Bodnar, how his job has changed in the current political climate, what problems regular ...

Locked content Pomorskie – PLN 990 mln investments in hospitals till 2021

Investments in hospitals in Pomorskie voivodship implemented and planned until 2021 are valued at PLN 990 million. The expansion of hospitals in Gdańsk Zaspa, Wejherowo, and Gdynia is about to begin, the Marshal of Pomorskie Voivodship, Mieczysław Struk, said at a press conference. The marshal added...

Locked content Gino Rossi keeps Tomasz Malicki as Chairman

Supervisory Board of Gino Rossi appointed the company’s Management Board for the next term. Tomasz Malicki was again appointed as Chairman and Paweł Urbaniak as the Vice-President of the Management Board, the company said. Gino Rossi manages fashion brands: Gino Rossi and Simple Creative Produ...

Locked content Unimot wants to reach PLN 75 mln EBITDA in 2023

Unimot wants to reach EBITDA at the level of PLN 75 million in 2023 and pay out dividends of at least 30 percent on an annual basis, the company said in a statement.  The group also targets increase in business efficiency measured by the ROCE ratio – in 2023 ROCE is seen at 15 percent. Unimot&...

Locked content WIG 20 shows “loose” signs of bear market

Thursday’s session on the Warsaw Stock Exchange brought strong declines in WIG, WIG 20 and mWIG 40. After 14 consecutive sessions in a row, sWIG 80 ended with a slight increase. In the broad market, among others, Mabion and PlayWay showed growth. WIG 20 lost 2.1 percent at Thursday closing and...

Locked content Volvo will supply electric buses made in Wrocław to Oslo

Swedish Volvo will supply electric buses produced in Wrocławto Norwegian Norgesbuss 17. The buses Volvo 7900 Electric will be delivered to Oslo. It will be the fourth Norwegian city that orders electric buses designed by Polish engineers and made at Wrocław facility. The capacity of bus batteries is...

Locked content Almost half of Poles against switching to euro

As many as 46 percent of Poles believe that switching to euro from Polish złoty would be “something bad”, according to a poll conducted by Kantar Public. In December 2017 such opinion was expressed by 47 percent. For 48 percent of respondents switching to euro would have a negative impac...

Locked content Vabun plans expansion to Czechia, England and Italy

Perfume producer and retailer Vabun plans to enter the markets in the Czech Republic, England, and Italy in 2018-2019, the company CEO Radosław Majdan said. Among the company’s priorities, Majdan listed development of the distribution network in Poland and abroad, the introduction of new perfu...

Locked content Grupa Azoty will pay dividend of PLN 1.25/shr

WSE-listed chemicals producer Grupa Azoty decided to distribute a dividend of PLN 1.25 per share for 2017. In total, it will pay PLN 124 million, the company said in a statement. Grupa Azoty net profit for 2017 amounted to PLN 354.8 million. The record date is set for July 25, and the dividend will ...

Locked content Gov’t budget with PLN 9.6 bln surplus at end-May

The Ministry of Finance informed that Poland recorded a budget surplus of PLN 9.6 billion at end-May. The income after five months of 2018  amounted to PLN 154 billion, or 43.3 percent of the planned budget income. In January-May 2018 the state budget revenues were by PLN 10.7 billion higher compare...