Locked content Skiba: budget deficit seen 40-50% lower than expected

Tax revenue will significantly exceed the amount planned in 2018 budget, Deputy Finance Minister Leszek Skiba said. The budget deficit should be 40-50 percent lower than expected for this year, he added. At the beginning of October, Finance Minister Teresa Czerwińska said that 2018 deficit should am...

Port of Gdańsk shows record number of visiting ships

Port of Gdańsk has noted a record number of ship visits from around the world during this year’s tourist season. There were 67 ships with more than 30,000 people aboard. The season began on April 18 with the visit of MS “Astoria”, the oldest passenger ship in the world, launched in...

Q3 apartment sales down 19% y/y – Reas

Developers sold a total of approximately 14,200 apartments in the six biggest residential markets in Poland – Warsaw, Kraków, Wrocław, the Tri-city, Poznań and Łódź – in the third quarter of 2018, which marks a 9% decrease on Q2 and a 19% decrease upon the same period last year, according to Reas. G...

Locked content LOT rents extra aircraft with crew during strike

LOT has rented additional planes with crews to ensure that flights will take place during the trade union strike.  “At the moment, two additional aircraft Boeing 737 work for LOT  – one leased from the Blue Air, the other from the Travel Service” – LOT spokesperson Adrian Kub...

Locked content Nextbike offer chosen as most favourable in Wrocław

Nextbike offer for the commissioning and operation of a self-service bike rental system in Wrocław was chosen as the most favorable. The contract value is PLN 20.5 million gross. The system will consist of 220 stations, 2200 fourth generation bikes and 65 special bikes, six cargo bikes, 35 children&...

Locked content BM Reflex: gasoline prices may decline

Gasoline prices may slightly decline following the decrease in wholesale fuel prices, BM Reflex analysts estimated.  LPG prices, which are now the highest from December 2014, are expected to stabilize. Gasoline 95 currently costs PLN 5.12 per liter, gasoline 98 costs PLN 5.41 per liter, diesel price...

Locked content Tesgas signs PLN 35 mln contract to build gas pipeline

Tesgas signed a contract with Polska Spółka Gazownictwa for the construction of a medium-pressure gas pipeline from Zbludza to Szczawnica and a medium-pressure gas network in Szczawnica. The contract value is about PLN 35 million net, the company said. At the beginning of September Tesgas reported t...

Locked content Esotiq & Henderson revenue up 2% in September

Clothing and cosmetics retailer Esotiq & Henderson recorded preliminary consolidated revenue of PLN 13 million in September, an increase of about 2 percent y/y. In January-September consolidated revenue stood at about PLN 113 million, 1 percent more than a year ago. The area of stores amounted t...

Locked content Orbis prelim. revenue down 7.2% in Q3

Hotel operator Orbis reported Q3 preliminary revenue of PLN 391.7 million, 7.2 percent less compared to a year ago. In the 9-month period revenue declined by 1.8 percent to PLN 1.08 billion. Like-for-like sales rose by 0.4 percent to PLN 389.1 million in Q3 and by 3.2 percent to PLN 1.08 billion in ...

Locked content Retail sales in September up 5.6% – GUS

Retail sales in September grew by 5.6 percent annually and declined by 3.4 percent monthly, Poland’s Central Statistical Office (GUS) reported. Market consensus prepared by the Polish Press Agency (PAP) saw the sales increase of 8.3 percent annually and a decrease by 1.0 percent monthly. In re...