Locked content Nano Games hopes to debut on NewConnect in mid-2019

Game development studio Nano Games hopes to debut on NewConnect at the turn of Q2 and Q3 2019. “An issue of shares for financing the construction of an R&D center, the development of a gaming and professional line (simulators) and the creation of new brands will precede the debut,” t...

Locked content Grupa Azoty enters 2nd credit agreement with EBRD

Chemical and fertilizer producer Grupa Azoty and European Bank for Reconstruction and Development (EBRD) signed a new long-term loan agreement and an annex to the long-term loan agreement from May 28, 2015, the company said. The second credit agreement with EBRD is for up to PLN 500 million and for ...

Housing loans to reach PLN 56 bln in 2018 – BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 6.1 percent y/y in June. Banks granted 19,500 new housing loans in June at the total amount of PLN 4.93 billion (which is up by 15.7 percent y/y in terms of value).

Locked content ECB leaves interest rates without changes

The European Central Bank (ECB) decided to keep interest rates at its current levels, the bank said. ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00 percent, 0.25 perc...

Locked content Budimex with PLN 128.1 mln net profit in H1

Construction firm Budimex reported H1 consolidated net profit of PLN 128.1 million compared to PLN 196.6 million y/y.  Net sales amounted to PLN 3.3 billion versus PLN 2.7 billion in H1 2017. Operating profit fell to PLN 170.12 million from PLN 249.15 million y/y. As of June 30, the net cash positio...

Locked content Krka with €101.8 mln net profit in H1

Slovenian pharmaceutical company Krka reported H1 consolidated net profit of €101.8 million compared to €91.7 million y/y. Operating profit stood at €135.5 million versus €124.1 million in H1 2017.  EBITDA grew to €190.9 million from  €177.3 million y/y. Consolidated revenue in H1 rose to  €680.5 mi...

Locked content Pharmena creates unit in Germany

NewConnect-listed biotech company Pharmena established a special purpose company Menavitin in Germany. Menavitin will sell dietary supplements containing 1-MNA on the German, Austrian and Swiss markets, Pharmena said. It owns 92.5 percent shares in Menavitin. The remaining 7.5 percent belong to Frit...

Locked content UOKiK orders banks to settle accounts with clients

Seven Polish banks incorrectly reported changes in feesto their clients, antitrust watchdog UOKiK informed. The banks are Alior Bank, Bank Millennium, BZ WBK, Deutsche Bank, Idea Bank, Pekao SA, and Plus Bank. They will have to settle accounts with clients or make some services available for free. U...

Locked content Carbon Studio plans debut on NewConnect in Q1 2019

Carbon Studio, a developer of games and applications for virtual reality (VR) plans to debut on the NewConnect market in Q1 2019, company CEO Błażej Szaflik said. The company has recently raised PLN 1.3 million from investors. Carbon Studio plans to introduce several VR games per year as well as to ...

Locked content Orbis sees 2018 capex at PLN 320 mln

Hotel operator Orbis targets 2018 capex of at least PLN 320 million versus PLN 93.5 million in H1. The expenses increase is due to two purchase transactions closed in July. In addition, Orbis plans to finish acquisition of MGallery in Prague next month and to open new hotels in Vilnius and Warsaw by...