Locked content Benefit Systems unit buys Masovian Sports Center and NewCo3

Fit Invest, a subsidiary of employee benefits program operator Benefit Systems, acquired 100 percent stake in Masovian Sports Center and in NewCo3 from Glastonbury Ventures Limited (GVL), Benefit Systems said. The total purchase price is PLN 69 million. According to the sale agreement, in addition t...

Locked content Bytom October revenue up 7.3%

WSE-listed fashion retailer Bytom had PLN 16 million revenue in October, a 7.3 percent increase compared to a year ago, the company said. Retail sales grew by 7.4 percent y/y to PLN 15.8 million. Gross margin stood at 54.5 percent in October, flat versus a year ago. Wholesale revenue amounted to PLN...

Locked content Work Service sells 100% in German Exact Systems

Work Service signed an agreement to sell 100 percent stake in German Exact Systems to Remango Investments. The total consideration from the transaction will amount to PLN 155.3 million. The sale of Exact Systems results from Group’s Development and Restructuring Strategy for 2018-2020. Work Se...

Locked content Government plans increase in lowest pensions in 2019 – CIR

The government plans a one-off increase in the lowest pensions in 2019, Government Information Center (CIR) reported. “Despite the many changes made in recent years to improve the situation of people receiving the lowest pensions, the amount is still considered insufficient in comparison to th...

Locked content Gas export to Poland by Gazprom up 6.7% in Jan.-Oct.

In 10 months gas export to Poland by Gazprom increased by 6.7 percent y/y, Gazprom reported on Twitter. Gas export to Europe rose to 161.4 billion cubic meters from January to October, showing a 4.4 percent growth y/y. During the 10-month period, Russian gas giant produced 408.1 billion cubic meters...

Locked content Diesel price will go up, gasoline may decline – BM Reflex

The divergence between the price of diesel and 95 gasoline may increase this week, BM Reflex analysts estimated. At the end of October, the diesel price stood at PLN 5.27 per liter and was PLN 0.19 higher than the price for gasoline 95 (PLN 5.08 per liter). The analysts expect a further decline in g...