Locked content Used cars imports up 6.7% y/y in July – Samar

Over the first seven months of the year, Poland imported 587,187 used passenger cars, marking an 8.0 percent increase compared to the corresponding period of last year, according to data from sector research firm Samar. In July alone there were 89,405 used passenger cars imported to Poland, marking ...

Locked content JSW Koks will increase wages by 9%

Coal company JSW Koks will increase employee wages by 9 percent from August. The personnel will also receive one-off bonuses of PLN 1,000. The agreement between the trade unions and the management of the company has been reached after several weeks of negotiations. Union members calculated that afte...

Locked content Small plane caused delays at Chopin Airport

25 plane take-offs and landings were suspended at Warsaw Chopin Airport on Tuesday due to an unplanned “approach of a small plane”, the airport informed. The average delay time was about 30 minutes. Besides the delays, the situation did not affect passengers in any way, the statement sai...

Locked content PLN 11.3 bln spent on “Family 500+” program

As of June 30, PLN 11.3 billion were spent from the budget on “Family 500+” program, Ministry of Family, Labour, and Social Policy said. More than 3.7 million children up to 18 years have received support from the program, it added. “Family 500+” program was launched in April...

Locked content Inwestorzy.TV buys 97.75% in Inwestycje.pl

Media company Inwestycje.pl and its shareholders, Przemysław Spyra and Greycloud, who own 97.75 percent of the stake, signed an agreement with Inwestorzy.TV. Under the agreement, Inwestorzy.TV will receive 97.75 percent of Inwestycje.pl stake, and the two companies will merge by the end of 2019. Inw...

Locked content Asbis confirms 2018 outlook, may upgrade it

WSE-listed IT company Asbis “fully” confirmed net profit forecast of $9-10 million for 2018. Taking into account the continuation of strong trends from H1, Asbis may update outlook, the company said. In H1 Asbis net profit jumped to $2.9 million from $1.0 million in H1 2017. Revenue grew...

Locked content Beekeepers appeal against use of harmful pesticides

Greenpeace and representatives of several beekeeping organizations appealed to Minister of Agriculture Krzysztof Ardanowski asking to withdraw his consent for use of pesticides harmful to bees. The approval for use of neonicotinoid pesticides was issued in July. The head of the Polish Beekeeping Ass...

Locked content Novaturas Q2 net profit almost flat at €3.5 mln

WSE-listed Lithuanian tour operator Novaturas reported Q2 consolidated net profit of € 3.5 million compared to €3.4 mln y/y. Operating profit grew to €4.5 million from €3.9 million in Q2 2017. EBITDA increased to € 4.6 million from €4.1 million y/y. Q2 revenue rose to €54.4 million. In H1 Novaturas ...

Locked content Bank Pekao Q2 net profit up at PLN 539.8 mln

Bank Pekao group Q2 net profit grew to PLN 539.8 million from PLN 535.1 million a year ago, above analysts’ forecast of PLN 536.2 million. Q2 net interest income stood at PLN 1.24 billion, close to the expectations. The interest margin increased in Q2 to 2.83 percent from 2.82 percent y/y. The...

Locked content Pension funds buy shares for PLN 600 mln in July

Pension funds bought Polish shares for about PLN 600 million in July, according to estimations by brokerage Trigon. MetLife and NN OFE spent the most (PLN 260-280 million each), while Aegon OFE  was the only significant seller (PLN -57 million). Trigon DM added that the attitude towards foreign shar...