Locked content PKP Cargo goods transportation up 2% in August

Poland’s largest freight forwarder PKP Cargo transported 9.6 million tons of goods in August, 2 percent more than a year ago and 2.8 percent more than in July. The company’s share in the rail freight market grew in August to almost 46 percent, while a year ago it stood at 44.7 percent. In Janu...

Locked content WSE suspends 10 firms from trading as of Oct. 1

The Warsaw Stock Exchange (WSE) decided to suspend trading in the shares of ten companies from October 1 until December 31 included. The suspended companies are Zakład Budowy Maszyn Zremb-Chojnice, Regnon, MNI, Magna Polonia, Ideon, Clean&Carbon Energy, Calatrava Capital, Budopol-Wrocław, Ampli,...

Locked content Twisto: big e-stores offer over 5 payment ways on average

Large online retailers offer customers on average 5.7 payment methods, according to Twisto, which surveyed one hundred biggest online stores. The most frequently proposed payment ways are credit card (99 percent of stores) and pay-by-link (98 percent). BLIK mobile payment is on the third place and i...

Locked content Qumak with PLN 13.1 mln net loss in H1

Polish IT and technological company Qumak reported  H1 consolidated net loss attributable to shareholders of PLN 13.1 million versus loss of PLN 41.9 million in H1 2017. Operating loss narrowed to PLN 13.9 million from PLN 35.1 million a year ago. Revenue declined to PLN 54.6 million from PLN 146.4 ...

Locked content Inpro plans to issue up to PLN 25 mln bonds

Real estate developer Inpro plans to issue 3-year bonds for a total nominal value of up to PLN 25 million, the company said. The interest rate will be paid every six months. The funds raised from the issue will be used to finance the group’s operations, in particular, the purchase of land and constr...

Locked content Polish banking system outlook stable – Moody’s

The perspective of the Polish banking system remains stable, rating agency Moody’s stated in the report. Moody’s expects that the strong country economy will support the demand for banking services, as well as improve the quality of granted credits. The agency estimates that the sector&#...

Locked content Gino Rossi: enforcement proceedings against Simple CP discontinued

The enforcement proceedings against Simple Creative Products (Simple CP) were discontinued, Gino Rossi said. Under the proceedings, the bank account of Simple CP was seized for PLN 6 million. “The cancellation of the enforcement proceedings took place at the request of the creditor due to the repaym...

YIT completes Warsaw apartments

Finnish developer YIT has finished construction work on the second phase of its Nordic Mokotów residential project in Warsaw and will launch work on the third phase of the scheme by the end of this year. The first development of the company in Poland, Nordic Mokotów is located in the Mokotów distric...

Locked content Lux Med expands in Warmińsko-Mazurskie voivodship

Private healthcare company Lux Med Group acquired a 100 percent stake in Poluk Sp. z o.o. The medical clinic ProfMed in Olsztyn belongs to Poluk, Lux Med informed. For the group, this is another acquisition over the last months. In February this year, the company took over a modern MRI laboratory lo...