Locked content Pilab to move to WSE main market

Listed on the small-cap, alternative NewConnect market, IT firm Pilab, filed a motion to the Financial Supervision Authority KNF to issue up to 1.35 million new shares, with the exclusion of pre-emptive rights and transfer of quotations to the regulated market of the WSE. On August 6, EGM of Pilab a...

FinMin: Next year’s budget deficit at PLN 28.5 bln

The budget deficit planned for 2019 is PLN 28.5 billion, said the Minister of Finance Teresa Czerwińska in an interview with TVP Info. She added that this year’s deficit may be implemented in 60-70 percent. “We have planned a deficit of PLN 41.5 billion this year and there are many indications that ...

Treasury debt inches down to PLN 947.1 bln

The debt of the State Treasury of Poland decreased in June by PLN 9.1 billion m/m to PLN 947.1 billion, the Ministry of Finance said. Since the beginning of the year, the treasury debt has increased by PLN 18.6 billion, the ministry said.

Housing permits drop in July – GUS

In July, the number of dwellings on which construction has started increased by 3.4 percent y/y to 18,900, according to data released by the Central Statistics Office (GUS), in m/m terms it dropped by 15 percent. Moreover, the number of dwellings completed decreased by 12 percent y/y to 15,252.

Locked content CD Projekt sets up mobile games unit

WSE-listed video games developer CD Projekt has acquired the majority stake in the company Spokko. The new subsidiary will work on a yet-to-be-announced project for mobile devices, the company said. “We’ve known people behind Spokko for a few years and they came to us with an interesting...

Locked content Esotiq & Henderson July sales up by 4% y/y

WSE-listed clothing and cosmetics retailer Esotiq & Henderson had PLN 14 million revenue from sales in July, about 4 percent more y/y. January-July sales amounted to approx. PLN 86.5 million and were higher by 1 percent as in the corresponding period of the previous year. Last month, revenue fro...

Locked content LPP plans further Israeli expansion

WSE-listed fashion retailer LPP plans to open its second Reserved store in Israel in H1 2019, furthermore, it mulls opening a Sinsay brand store there as well. The company ultimately wants all its brands to debut on the Israeli market and together with its franchise partner H&O, is currently hol...

Locked content Duda vetoes new election laws

President Andrzej Duda last week that he is vetoing a law proposed by the ruling Law and Justice (PiS) party that would benefit bigger parties in European Parliament elections next year. “The proposed law goes too far from the required rule of proportionality. Its introduction would result in a larg...