Locked content Volvo Polska will supply 7 hybrid buses to Grudziądz

Volvo Buses signed an agreement with the city of Grudziądz for delivery of seven hybrid buses. Volvo 7900 Electric Hybrid are so-called plug-in hybrids. Along with buses, Volvo will also install two quick charging stations in the city. The buses will be supplied from the Volvo plant in Wrocław durin...

Locked content 45 Polish tourists return from Greece

25 ITAKA tourists and 20 Grecos clients returned to Poland from their holiday in Greece. 403 tourists still remain in the region of Attica’s fire-risk area, said spokeswoman of the Polish Chamber of Tourism (PIT) Ewa Kubaczyk on Wednesday afternoon. Kubaczyk also stressed that there are severa...

Locked content Lotos with PLN 1.08 bln EBITDA for Q2

Fuel giant Grupa Lotos posted preliminary EBITDA for Q2 at PLN 1.08 billion and consolidated operating profit (EBIT) at PLN 0.89 billion. The company’s consolidated EBITDA LIFO excluding one-off items is estimated at PLN 0.82 billion, including PLN 0.58 billion for production and retail and PLN 0.24...

Locked content Artifex Mundi to release Irony Curtain in early 2019

WSE-listed Artifex Mundi started the promotion campaign of Irony Curtain: From Matryoshka with Love, which will be released on PC, PlayStation 4, Xbox One and Nintendo Switch platforms in early 2019, the company said. The game is a satirical adventure game that presents a western journalist who visi...

Locked content EU Court of Justice dismisses Orange’s appeal

EU Court of Justice dismissed Orange Polska’s appeal against  European Union Court decision to impose a €127.6 million fine, the company said. The decision is final, Orange Polska will pay the penalty plus the interest of €23.7 million as of June 30, 2018. In 2011, the European Commission impo...

Locked content Silvair debuts on WSE

Silvair, a company offering solutions in the field of IoT (Internet of Things), debuts on the Warsaw Stock Exchange (WSE) on Thursday, July 26. 10.4 million Silvair shares will be admitted to parallel market under the short name SILVAIR-REGS and ticker SVRS. Earlier Silvair allocated 1,184,910 new s...

Locked content Sonoco will employ 200 people in Łódź

American concern Sonoco will employ 200 people in Łódź region. The company will hire, among others, production workers, engineers, and managers, Sonoco said. Sonoco started operating in Poland in 2005. It has five plants on the territory of Poland, the biggest ones are in Łódź and Stryków. Currently...

Locked content PKP Cargo makes write-down of PLN 18.1 million

WSE-listed, state-owned logistics operator PKP Cargo board decided to make a write-down of PLN 18.1 million. The write-down will affect consolidated net result by PLN 14.6 million, the company said. However, it will not impact the liquidity, PKP Cargo added. The final results will be presented in H1...

Locked content BZ WBK Q2 net profit at PLN 635 mln

BZ WBK reported consolidated Q2 net profit of PLN 635 million compared to 651.1 million a year ago. Net interest margin stood at 3.8 percent versus 3.8 percent a year ago and 3.98 percent in Q1. A quarter-on-quarter decrease in margin was due to higher costs of asset financing, the bank said. Operat...

Locked content AmRest buys Sushi Shop for €240 mln

Restaurant operator AmRest signed an agreement to buy 100% of Sushi Shop Group for about €240 million. Under the agreement, €13 million will be paid in company shares to Grégory Marciano and Adrien de Schompré.  An additional amount of up to €10 million (earn-out) will be paid if Sushi Shop achieves...