Locked content Railway with 4.1% more passengers in July

As many as 26.3 million passengers traveled in Poland by train in July, according to the data released by the Office of Rail Transport (UTK). This is 4.1 percent more than in July 2017. The average distance of a trip was 82 km. In the first seven months of 2018, the number of railway passengers̷...

Locked content Space market in Poland valued at PLN 150 mln

There are about 300 companies in the Polish space market. About 3,000 people are employed and the value of the market is about PLN 150 million, Industrial Development Agency (ARP) informed. In the entire European Union, the space market value is nearly €50 billion, and there are 230,000 employees. “...

Locked content Stalprodukt H1 net profit up at PLN 170.0 mln

WSE-listed steel products manufacturer and distributor Stalprodukt posted PLN 170.0 million consolidated net profit for H1 versus PLN 138.9 million a year ago, the company reported. Operating profit grew to PLN 193.1 million from PLN 188.8 million y/y. Consolidated revenue stood at PLN 1.97 billion,...

Locked content Orbis unit does not use right to buy hotel in Prague

Kateřinská Hotel, a wholly-owned subsidiary of Orbis, will not carry out the option to buy Hotel Century Old Town Prague MGallery By Sofitel in Prague, the company said. The seller questioned the financial condition of the purchase option, and parties are currently discussing a possible amicable sol...

Locked content Betacom will pay dividend of PLN 0.75/shr

IT company Betacom shareholders decided on dividend payment of PLN 0.75 per share for the fiscal year ended on March 31, 2018. Total dividend payment will amount to PLN 1.5 million and will be distributed on September 20. The record date is set for September 6. A year ago Betacom distributed a divid...

Locked content UODO gets over 2,000 complaints as to data protection

In the first three months after General Data Protection Regulation (RODO) came into force, more than 2,000 complaints related to data protection were submitted to the Personal Data Protection Office (UODO). In the entire 2017, there were nearly 3,000 complaints, President of UODO Edyta Bielak-Jomaa ...

Locked content Poland is in talks to build railway bridge to Belarus

Poland negotiates with Belarus the construction of an additional railway bridge across the Bug River between Terespol and Brest, Deputy Minister of Infrastructure Andrzej Bittel said. PKP PLK plans investments to increase the transshipment capacity in Terespol. Belarusian side currently evaluates pr...

Locked content PGNiG Q2 net profit up at PLN 704 mln

WSE-listed gas giant PGNiG reported PLN 704 million of consolidated net profit in Q2 compared to PLN 499 million a year ago. Operating profit grew to PLN 969 million from PLN 768 million y/y. EBITDA rose to PLN 1.63 billion from PLN 1.41 billion y/y. Revenue amounted to PLN 7.64 billion. In H1 net p...

Locked content Poles have about PLN 71 bln of debt

Total debt of Poles resulting from, among others, late payments of credits, loans, alimony and utility bills stood at nearly PLN 71 billion, BIG Infomonitor and BIK informed. In H1 2018 the debt grew by about PLN 6.5 billion: by PLN 5.25 billion in Q2 and by PLN 1.24 billion in Q1. In Q2 the…

Poland Business Run 2018

September 2nd is the date for the 7th Poland’s largest charity relay; Poland Business Run 2018. As in the previous years, 5-people team pulling together, among others, representatives from Polish companies and institutions, will make their start simultaneously in the biggest cities in Poland i...