Locked content Punctuality of passenger trains is falling – UTK

Punctuality of passenger trains fell to 88.21 percent in Q2 in comparison to 92.29 percent in the same period last year, Railway Transport Office (UTK) stated on Thursday. The office added that punctuality rate fell as well compared to Q1 when it was 90.14 percent. PKP Intercity showed the poorest r...

Locked content Next households get high speed internet – Wielkopolskie

Further 40,000 households gained access to high-speed internet in Wielkopolskie voivodship. Orange came to an agreement with INEA regarding the use of its fiber-optic network.  Orange plans to launch its services via the Poznań operator’s infrastructure already in the coming weeks. Most of the house...

Locked content Army announces tender for four buses

The Second Regional Logistics Base (2nd RBLog) has announced a tender for the supply of four passenger buses for the army, informed 2nd RBLog in the tender announcement. The order for three buses is guaranteed, while for the fourth vehicle it is an optional order. Interested companies have to submit...

Locked content TFI assets grew by 0.6% in July

The assets of Polish investment funds (TFIs) grew by 0.6 percent month-on-month to PLN 281.5 billion in July, according to Analizy Online and IZFiA.  Similarly to the previous months, assets of cash and money funds showed the highest growth (2.3 percent m/m). For the first time since January, the po...

Locked content Infoscan signs LoI with investors

Telemedicine and remote diagnostics devices producer Infoscan signed Letters of Intent with the company’s investors, including individuals with managerial and supervisory functions. The investors expressed interest in receiving at least 120,000 company shares. The raised funds would be used fo...

Locked content PKN Orlen and PGNiG discover gas deposit in Wielkopolska

PKN Orlen and PGNiG discovered a new gas deposit in Wielkopolska. The production capacity of the deposit was estimated at 50 million cubic meters of gas annually.  The deposit is located in the area of Płotki on the Śrem-Jarocin concession, PKN Orlen said. It was discovered by the Chwalęcin-1K well,...

Locked content T-Mobile Polska EBITDA down at PLN 432 mln

Telecom operator T-Mobile Polska Q2 revenue fell by 1.8 percent y/y to PLN 1.57 billion. EBITDA decreased by 17.7 percent y/y. The decline was mainly due to lower incomes and higher costs after EU “Roam Like at Home” rules came into force. In Q2 the company acquired about 100,000 clients...

Locked content Braster will issue up to 400,000 shares

MedTech company Braster shareholders decided on conditional share capital increase through the issue of up to 400,000 series J shares. There will be no pre-emptive rights for existing shareholders, the company said. Currently, Braster capital consists of 9.2 million shares. The new shares are issued...

Locked content In 25 years Polish population will shrink by 2.8 mln

During about 25 years the population in Poland will decline by about 2.8 million, Polish Central Statistical Office GUS reported. In comparison, during the last 25 years, the population grew by 360,000. The reasons for the expected decline are mortality and the end of the demographic boom. The numbe...

Locked content Energa with PLN 557 mln net profit in H1

The Energa Group recorded H1 net profit of PLN 557 million, an increase of 14 percent versus H1 2017, the company said. EBITDA grew to PLN 1.16 billion, PLN 18 million higher y/y. Revenue fell by 3 percent to PLN 5.0 billion. In H1 the group invested PLN 624 million and registered about 20,600 new c...