Locked content Interest rates remain unchanged – RPP

Poland’s Monetary Policy Council (RPP) has decided to leave the interest rates unchanged, the National Bank of Poland (NBP) informed. The NBP’s reference rate remains at 1.5 percent, the Lombard rate at 2.5 percent, the deposit rate at 0.5 percent and the rediscount rate at 1.75 percent....

Locked content Redan October revenue drop by 7%

Clothing company Redan reported October preliminary revenue of PLN 56 million, down 7 percent versus a year ago. In the discount segment, October sales amounted to about PLN 31 million, showing a decrease of 13 percent annually. The area of Redan Group stores was 140,600 sqm at the end of October, a...

Locked content Unemployment rate unchanged at 5.7% in October – Rafalska

The unemployment rate in October was 5.7 percent, unchanged from September, the Minister of Labor Elżbieta Rafalska said. The Ministry also informed that in October the number of vacancies reported by employers to labor offices amounted to 128,000 and grew by 9,400, or 7.9 percent compared to Septem...

Locked content InPost will install parcel lockers next to Dino stores

InPost has started cooperation with Dino and will install parcel lockers next to selected Dino stores, InPost informed. “Parcel lockers will be an added convenience for our clients. We will observe their reactions and interest in the new solution, ” Dino Polska CEO Szymon Piduch said. In...

Locked content Bank Pekao Q3 net profit up at PLN 605.79 mln

Bank Pekao recorded PLN 605.79 million of consolidated net profit attributable to shareholders in Q3 compared to PLN 536.22 million a year earlier, the bank reported. Net interest income amounted to PLN 1.26 billion compared to PLN 1.15 billion y/y. Net fee and commission income stood at PLN 618.99 ...

Polish salaries may be equal to EU average in 59 years

The average Polish salary has been steadily increasing in recent years, reducing a gap with richer EU countries, Grant Thornton reported. However, it should take 59 more years for Polish earnings to be equal to the EU average, the company estimated.

Locked content Famur secures deal to supply equipment to China

Famur signed a conditional agreement to supply Mikrus class equipment for underground mining of low-coal seams, the company said. The estimated value of the contract is about €16.6 million. The final amount, however, will depend on the scope of deliveries finally agreed by the parties, Famur specifi...

Locked content TIM prelim. revenue up 10.3% in October

TIM recorded prelim. revenue of PLN 73.73 million in October, 10.3 percent more compared to a year ago, the company reported. Revenue from e-commerce amounted to PLN 53.1 million, up 10.1 percent y/y. In the January-October period, total revenue grew by 16.1 percent y/y to PLN 628.05 million, while ...

Locked content September retail sales in Poland up 6.5% – Eurostat

In September retail sales in Poland grew by 6.5 percent y/y following 6.5 percent annual increase in August, Eurostat reported, On a monthly basis, retail sales grew by 0.6 percent. The annual data has been adjusted by the number of working days, and the monthly data is also seasonally adjusted, Eur...

Ronson to launch major Warsaw project

Developer Ronson Development plans to launch four projects offering a total of approximately 480 units by the end of this year. Apart from new phases of three ongoing schemes of the company – Miasto Moje and Nova Królikarnia in Warsaw, and Panoramika in Szczecin – they will also include the first ph...