Locked content Zielona Góra builds more bicycle paths

About PLN 4.8 million is the amount which  Zielona Góra plans to invest in building more cycling paths in the eastern part of the city, Monika Zapotoczna from the Zielona Góra City Office informed PAP on Thursday. This is the beginning of the second stage of extending the bicycle infrastructure in t...

Locked content New car registrations up by 10.99% y/y in June

In June 52,462 passenger cars and delivery vehicles were registered; 10.99 percent more year-on-year, market researcher Samar reported based on data from the Central Register of Vehicles and Drivers. In comparison to May, the number of new registrations rose by 9.92 percent. During H1 as many as 273...

Locked content Krka will pay 2017 gross dividend of €2.9/shr

International pharmaceutical company Krka shareholders decided on payment of gross dividend of €2.9 per share for the fiscal year 2017. The company will allocate €92.8 million in total. The record date of the dividend is July 18. The dividend will be paid on July 19, 2018. Krka, Slovenia’s lar...

Locked content Skarbiec TFI assets at PLN 6.79 bln at end of June

Investment Fund Skarbiec TFI’s value of Assets under Management stood at PLN 6.79 billion on June 29.  A month earlier it was PLN 6.74 billion. At the end of June, the company managed 39 funds and subfunds as well as 10 dedicated funds. Skarbiec TFI was established in 1997 and belongs to Skarbiec Ho...

Locked content UOKiK initiates proceedings against Poczta Polska

The antitrust watchdog UOKiK initiated proceedings against Poczta Polska, UOKiK stated.  UOKiK will investigate whether Poczta Polska uses its position to eliminate competitors from the market. Doubts arise from the terms and conditions of the contracts concluded by Poczta Polska with contractors wh...

Locked content Startup iWylecz24.pl sees 3000-5000 paid accounts by end 2018

iWylecz24.pl service describing itself as a “digital health center” plans to reach 3,000-5000 paid accounts by the end of 2018. The startup plans to increase the number of accounts to 10,000 by the end of 2019. The company debuted on the market about 3 months ago. Currently, there are ab...

Locked content OFE assets down 2.6% m/m in June

The net assets of the Polish open pension funds (OFE) amounted to PLN 158.08 billion in June, a 3.6 percent decline month-on-month, according to a report issued by researcher Analizy Online. In June the average rate of return was negative and stood at -2.4%. The decline in stock exchange lasting sin...

Locked content Polmed shareholder proposes share buyback

Polmed shareholder NPN II Med proposed a resolution to buy back up to 13.3 million of the company’s shares. This would amount to 46.46 percent of the share capital. NPN II Med proposed the repurchase price of up to PLN 3. On Tuesday Polmed stock’s close price was PLN 2.78. The share buyb...

Locked content Gino Rossi sales up 10% in June

Fashion retailer Gino Rossi sales in June grew by 10 percent y/y to PLN 20.5 million. In H1 sales amounted to PLN 87.9 million, declining by 8.4 percent y/y. The share of B2B sales was 46.2 percent and increased by 19.5 percentage points compared to June 2017. E-commerce sales declined by 19.7 perce...

Locked content COIG: 213 companies went bankrupt in Q1

According to the data released by the General Economic Information Center (COIG), 213 companies filed for bankruptcy in Q1. This is a 13 percent increase y/y. The main reasons are insufficient capital invested when setting up a business, too little knowledge about tax regulations, legal aspects and ...