Locked content PLN 85 mln EU funds will go to energy efficiency

The National Fund for Environmental Protection and Water Management (NFEP&WM) allocated PLN 85 million EU funds to thirteen projects related to the effective distribution of heat and cold. Under the plan, 70 km of heating network and 400 heat centers will be built or modernized. As a result,  pr...

Locked content PGNiG: share of gas imported from Russia declines

The share of gas imported to Poland from Russia systematically declines, despite slightly higher supply from Gazprom versus a year ago. The increase in delivery comes from the general increase of gas consumption in Poland, PGNiG said. On Thursday, Gazprom reported gas sales for the first seven month...

Locked content Petrol prices can rise, diesel may go down – BM Reflex

In the next week, diesel prices on fuel stations may go down by PLN 0.02-0.03 on average. Petrol prices are expected to grow by PLN 0.03-0.05, BM Reflex analysts said. The prices at the stations have been stable for the second week in a row, which is primarily an effect of the decrease in wholesale ...

Locked content GDP growth at 4.9% in Q2 – IPAG

GDP growth stood at 4.9 percent y/y in Q2,  a slight decline compared to 5.2 percent growth in Q1, according to the estimations presented by the Institute for Economic Forecasts and Analysis (IPAG). In 2018 GDP growth is forecasted at 4.5 percent versus 4.6 percent growth a year ago. In Q3 and Q4 IP...

Locked content Kino Polska H1 prelim. net profit at PLN 36.1 mln

Kino Polska recorded preliminary H1 net profit of PLN 36.1 million versus PLN 6.2 million a year ago. Operating profit stood at PLN 38.5 million compared to PLN 8.2 million. Consolidated revenue grew to PLN 64.3 million from PLN 59.0 million in H1 2017. H1 results were impacted by the revaluation of...

Locked content EU finances PLN 17 mln for ecological transport in Ostrowiec

In the next three years Ostrowiec Świętokrzyski, a town in south-central Poland, will implement a project for ecological public transport. The municipality received PLN 17 million EU funds. The total investment will amount to PLN 25 million. Under the project, the plans are, among others, to buy ten...

Locked content Merlin Group signs preliminary deal to buy Profit M

Merlin Group signed a preliminary agreement to acquire a 100 percent stake in Profit M, a company selling books and toys via the internet. The deal value may amount to PLN 17.4 million, Merlin said. A condition for signing the definitive agreement is the transformation of Profit M into a limited lia...

Locked content Ursus plans to issue up to 5.9 mln shares

Farm machinery producer Ursus plans a share issue in private subscription with the exclusion of pre-emptive rights for existing shareholders. The company wants to issue up to 5.9 million S-series shares priced PLN 2.50 per share, Ursus said. On Friday the company’s shares closed trading at PLN...

Locked content Gino Rossi ready to accept PLN 12 mln price for Simple

Fashion retailer Gino Rossi is ready to accept a price of PLN 12 million proposed by Monnari Trade for 100 percent shares of Simple Creative Products.  The condition for accepting the offer is signing an agreement before August 10, Gino Rossi said. Monnari Trade responded that before signing the agr...

Zabrze’s Platan mall almost fully leased out

NEPI Rockcastle, the owner of the Platan shopping center in Zabrze in Silesia has revealed that the mall has been almost fully commercialized with recently secured tenants including Carry, Home & You and Smyk. Opened in 2003, Platan has been undergoing an extension and modernization process sinc...