Locked content Enea Q2 net profit down at PLN 190.4 mln

Enea net profit attributable to shareholders fell to PLN 190.4 million in Q2 from PLN 285.9 million a year ago. Operating profit declined to PLN 294.1 million from PLN 399 million in Q2 2017. Revenue from net sales stood at PLN 6.04 billion. In Q2 the company generated almost 6.5 TWh of electricity,...

Locked content Umicore will invest in Poland PLN 1.38 bln

Belgian Umicore wants to invest PLN 1.38 billion in Poland. The group plans to build a factory in Nysa city, the Ministry of Enterprise and Technology said in a press release. The production should begin by the end of 2020. According to the plan, Umicore will hire more than 400 employees. As part of...

Atal and INApartments cooperating in Gdańsk

Warsaw Stock Exchange-listed developer Atal has appointed INApartments as the operator of its Atal Baltica Towers apartment hotel project in Gdańsk. The 13-floor scheme is being developed 800 meters from the Bay of Gdańsk and will comprise 134 units that are scheduled to be completed in the second h...

Panattoni signs Still for Poznań park

Still, a provider of warehouse handling equipment, has leased more than 6,600 sqm of warehouse and office space at the Panattoni Park Poznań VII logistics park in western Poland. Cushman & Wakefield represented the tenant in the lease negotiations. Located 12 kilometers from the center of Poznań...

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...