Solar revenues up to PLN 11.7 mln in August

Womenswear retailer Solar achieved consolidated non-audited sales revenues of PLN 11.7 million in August this year, the company said. Earlier, the company reported that in August 2017 its consolidated revenues amounted to PLN 11.5 million.

Rawlplug to purchase up to 2.73 mln of own shares

Shareholders of Rawlplug have decided to purchase up to 2.73 million of the company’s own shares for redemption or further resale, the company said in a statement. Reserve capital for the purchase of shares was increased to PLN 30 million from the earlier amount of PLN 21.6 million.

EBRD to grant Modern-Expo Group $15 mln development loan

The European Bank for Reconstruction and Development (EBRD) will grant Modern-Expo Group a $15 million investment loan for automation and robotization of production in plants in Belarus and Ukraine, as well as support for its innovation center, the company said.

Locked content Santander rebranding to cost PLN 60-70 mln

According to the CEO of WSE-listed Santander Bank Polska, Michał Gajewski, its rebranding (from BZ WBK) will cost the lender PLN 60-70 million over the course of two years. The bank has completed its rebranding over last weekend and moved its registered HQ to Warsaw. ”Santander made the decision to ...

Locked content Poland wants to have 10 GW of energy from offshore wind farms by 2030

Poland would like to generate 10 GW of energy from its offshore wind farms, by 2030, said the government plenipotentiary for strategic energy infrastructure Piotr Naimski. “In our strategic plans, there is a room for offshore. It means that, to 2025-2030, there will be up to 10 GW wind farms close t...

Locked content Equitin acquires 60% of KIDS & Co

Equitin Partners has signed a contract to take over 60 percent of shares in KIDS & Co. – a company that manages a network of bilingual kindergartens and crèches in Poland, the company said. Together with the founder and the management team, Equitin intends to accelerate the company’s...