Locked content Benefit Systems signs deal with Poczta Polska

Benefit Systems has signed an agreement with Poczta Polska. The group will provide access to sports and recreation services for Poczta Polska employees, their families and accompanying persons, Benefit Systems reported in a statement. The maximum remuneration of the company will amount to PLN 51.1 m...

Locked content Investment funds with PLN 177 mln outflows in August

Investment funds sold shares for PLN 197 million in August, Trigon DM estimated. The outflows of assets from Polish equity funds have been continuing for 18 months in a row. The funds of Polish shares recorded net outflows of PLN 177 million in August. Net outflows concerned both equity funds of the...

NBP keeps inflation target at 2.5% +/- 1 p.p.

National Bank of Poland (NBP) plans to keep inflation target at 2.5 percent with a deviation range of 1 percentage point, according to assumptions of monetary policy for 2019. Escalation of global trade disputes is the main risk factor for the Polish economy, NBP stated.

Locked content Putin criticizes protectionism and sanctions

Russian President Vladimir Putin said during Eastern Economic Forum (EEF) in Vladivostok that protectionism more often becomes a challenge for the global economy. “The world and global economy are coming up against new forms of protectionism today with different kinds of barriers which are inc...

Locked content Aramus main shareholders plan delisting from NewConnect

Main shareholders of Aramus signed an agreement regarding a purchase of company shares and subsequent delisting of Aramus from NewConnect. Shareholders Piotr Sumara and Konrad Sumara plan to announce a tender offer for Aramus shares. As of today, Piotr Sumara owns 2.5 million Aramus shares, which eq...

Locked content Orange Polska and Huawei test 5G technology in Gliwice

Orange Polska and Huawei launched a station supporting 5G technology in Gliwice. These are the first tests in Poland carried out outside a laboratory. They will allow evaluating the impact of high buildings and atmospheric conditions on 3.4-3.6 GHz frequency. Orange Polska said that it is a new stag...

Locked content Esotiq Q2 net profit up at PLN 3.45 mln

Consolidated net profit attributable to shareholders of clothing and cosmetics company Esotiq & Henderson grew to PLN 3.45 million in Q2 compared to PLN 0.89 million a year ago. Operating profit increased to PLN 3.96 million from PLN 1.19 million in Q2 2017. Revenue amounted to PLN 39.0 million,...

Locked content Electricity consumption up 3.1% in August – PSE

In August electricity consumption in Poland grew by 3.1 percent y/y to 14.0 TWh, according to the national grid operator Polskie Sieci Elektroenergetyczne (PSE). In the 8-month period, electricity consumption increased by 2.25 percent versus a year ago to 113.0 TWh. Electricity production in August ...

Locked content Auto Partner plans opening 5 branches in Poland in 2018

Car parts distributor Auto Partner plans to open five branches in Poland this year and 10 branches in 2019, board member Piotr Janta said. He added that in 2019 the company may take further steps to develop abroad. So far this year Auto Partner opened three branches in Poland expanding its network t...