Locked content Bank Millennium raises bond issue cap to PLN 3 bln

The Supervisory Board of Bank Millennium has approved the increase in nominal value of the third bond issue by PLN 1 billion to a total sum of PLN 3 billion, or its equivalent in the euro, the dollar or the Swiss franc, the bank stated. Back in 2015, the Supervisory Board approved a third bonds̷...

Locked content Twice as many forest fires in 2018 as last year – State Forests

State forests authority Lasy Państwe told PAP that the number of fires in forests is already twice as high as last year. In 2017, nearly 3,600 fires were reported, while in H1 2018 alone, there were almost 6,000. As many as 37 percent of the fires are caused by people, mainly by cigarette buds, matc...

Locked content Finance Ministry offers PLN 4-7 bln in bonds

On July 27, the Ministry of Finance will offer six series of wholesale bonds maturing in 2020-2047, with minimal value of PLN 4-7 billion, the ministry informed. The offer includes bond series: OK0720 / PS0123 / WZ0524/ WS0428 / WZ0528/ WS0447 (maturing respectively in 2020, 2023, 2024, two series i...

Dom Development launches sales of 319 units in Mokotów

Residential developer Dom Development has launched sales of 319 units located within the Marina Mokotów project in Warsaw’s Mokotów district. The offer includes 215 apartments in apartment blocks, 91 apartments within two residences and service units. The investment is located at the intersection of...

Locked content Banco Santander with €1.7 bln profit in Q2 2018

Banco Santander recorded €1.698 billion in consolidated net profit in Q2 2018, compared to €1.749 billion in the corresponding period of last year, the bank stated in a report. The result was affected by €300 million in fees related to integrating Banco Popular. Excluding the one-off cost, profit in...

Locked content NBP: enterprises’ situation good, but forecasts worsen

The overall situation of companies in Q2 2018 remained good, but forecasts for the coming quarters have deteriorated, mainly due to rising costs, according to a study performed by NBP. Entrepreneurs are pointing to strong pressure on wages in Q3, however, it should not increase further. “Demand fore...

Locked content Cement production grows 12% y/y in H1 2018

Cement production increased in June 2018 by 5.8 percent y/y to reach 1.927 million metric tonnes, statistics office GUS stated. In month-on-month terms, cement production fell by 0.8 percent. For the first six months of the year, cement production came in at 8.457 million tonnes, which marks a 12 pe...

Poland with second-highest rail passenger increase in Europe

The number of railroad passengers increased in Poland by 3.8 percent y/y in 2017, which is the second-best result in Europe, following Finland, where the growth amounted to 4.4 percent y/y. Spain came in third with a 3.5 percent increase in the number of passengers using railroad, Polish Rail Transp...

Maritime cargo transshipment volume up 23% y/y in H1 2018

The volume of cargo transshipment in Polish sea ports over the first six months of the year increased by 22.8 percent y/y to 45.3 million metric tonnes, GUS stated. The volume of all types of cargo increased, mainly FCL (full container load) cargo by 44.4 percent y/y, after a drop seen last year. Th...