Locked content Fuel prices stable, slight growth possible

The average gasoline prices at stations remain stable for the second week in a row. In the coming days, however, a slight increase is possible, BM Reflex analysts estimated. Currently, gasoline 95 costs about PLN 5.11 per liter, gasoline 98 is priced at PLN 5.40 per liter; diesel costs PLN 5.04 per ...

Locked content American Cargill buys Konspol

American Cargill signed an agreement to acquire Polish poultry producer Konspol,  the companies announced on Friday. Under the agreement, Cargill will buy the assets of Konspol’s food and fresh chicken business. Cargill will also acquire Konspol’s portfolio of products, including branded and private...

Ukraine will receive €1 bln loan from EU

The European Commission (EC) signed a Memorandum of Understanding with Ukraine for financial assistance. Ukraine will receive up to €1 billion in the form of medium- and long-term loans. The proposed new Macro-Financial Assistance (MFA) complements three previous MFA programmes, through which the EU...

Locked content Blue Air launches flight to Turin from Kraków Airport

Romanian Blue Air will launch its first flight from Kraków Airport as of December 16. Turin city in Italy is the destination. “Italian destinations are popular among Kraków Airport passengers, while Italians are in third place among foreign visitors to Kraków,” President of Kraków Airpor...

Locked content Consultations of National Space Program begin

National Space Program consultations, joining efforts for development and implementation of products for the Polish space industry, begin this week, Maciej Misiura from Polish Space Agency said. He reminded that the Polish space sector aims to reach 3 percent of the European by 2030. “We hope ...

Locked content Ambra recommends dividend of PLN 0.68/shr

The board of wine producer Ambra recommended dividend payment of PLN 0.68 per share for the fiscal year ended June 30, 2018. Record date is set for October 24, and the payment is scheduled for November 7. For fiscal year 2016/2017 Ambra paid the dividend of PLN 0.60 per share, while a year ago the d...

Locked content Almost 280 kg of honey collected in Kraków’s AGH

In this season about 280 kg of honey were collected at the territory of AGH University of Science and Technology in Kraków. This year was extremely fertile, AGH spokesperson Anna Żmuda-Muszyńska said. Currently, a total of 550,000 bees live in eight beehives at the AGH territory. Next year the Unive...

Locked content Żabka plans to open 700 stores in 2018

Żabka Polska, the owner of the chain of convenience stores, plans to open 700 new stores this year, CEO Tomasz Suchański said. Last year Żabka opened 500 stores, he added. As of today, Żabka chain has 5,215 stores, out of which about 2,500 operate in new Galaxy format. In 2017 Żabka revenue amounted...

Locked content IMC net profit down at $24.5 mln in H1

IMC recorded consolidated net profit attributable to shareholders of $24.5 million in H1 compared to $30.3 million a year ago. Operating profit fell to $27.0 million from $34.5 million in H1 2017. Consolidated revenue grew to $63.1 million from $62.6 million last year. IMC specializes in production ...

Locked content Nalevka Polska sees over 100% growth in 2018

Liquor producer Nalevka Polska plans to increase its sales by over 100 percent to 2,400-2,500 bottles this year. The company also plans the expansion of its team. In 2019 Nalevka Polska wants to double production and sales once again. In subsequent years the company targets to maintain the growth ra...