Locked content Kruk unit signs LOI to buy €247 mln receivables in Spain

Kruk subsidiary, InvestCapital Ltd., Malta, signed a letter of intent (LOI) for conclusion of a contract to buy receivables on the Spanish market for a nominal value of about €247 million (PLN 1.06 billion at the mid-rate quoted by the National Bank of Poland for November 16, 2018) – the compa...

Locked content Szczecin-Świnoujście ports transshipment up 26% in Oct y/y

Ports in Szczecin and Świnoujście reloaded in October nearly 26 percent more than in the corresponding period of 2017. Within the last ten months, the ports recorded an increase in transshipments by over 13 percent compared to the same period of the previous year. Transshipping coal, ore and fuels r...

Locked content Polish President signs bill to impose exit tax

Polish President signed a bill amending several tax acts. The bill introduced a so-called exit tax, as well as preferential taxation of income from intellectual property rights, The Chancellery of the President said. The exit tax will be imposed when assets are moved outside Poland and the country l...

Locked content Budget surplus at about PLN 6 bln at end of October – Czerwińska...

At the end of October, budget surplus stood at around PLN 6 billion. The exact amount will be known after verification of all data, Minister of Finance Teresa Czerwińska wrote on Twitter. During Congress 590, Czerwińska also said that the budget deficit this year may be even below 50 percent of the ...

Locked content Pointpack.pl debuts on NewConnect

Pointpack.pl debuts on small-cap NewConnect on Monday, November 19, the stock exchange announced in a resolution. 510,000 A-series shares, 490,000 B-series shares, and 118,873 C-series shares will be admitted to trading. The nominal value of each share is PLN 0.1. Pointpack.pl creates IT solutions f...

Locked content Fuel prices decline are set to continue – BM Reflex

Last week there was a clear downward trend in fuel prices. However, the price fell only by PLN 0.01-0.02 on the weekly basis. Everything indicates that reductions should continue on a larger scale, BM Reflex analysts estimated. The price of 95 gasoline stood at below PLN 5 per liter, and the diesel ...

Locked content EuroRating downgrades Getin Noble Bank rating to “B-“

The rating agency EuroRating has downgraded the credit rating of Getin Noble Bank (GNB) to B- from B, the negative outlook was maintained. “Another, fourth cut of the Getin Noble Bank rating is related to the negative impact of the scandal with controversial talks of the former chairman of KNF...

Almost every second Pole has a credit – BIK

Credit Information Bureau (BIK) recorded 15.3 million active creditors at the end of June. This means that almost every second adult Pole (48.8 percent) is repaying a credit or a loan. In total, there were registered 28.34 million liabilities in the amount of PLN 608.26 billion. The value of all cre...

Locked content AmRest Q3 net profit down at €18 mln

AmRest recorded €18 million of consolidated net profit attributable to shareholders in Q3 compared to €20.2 million a year earlier, the company said. EBITDA amounted to €49.7 million versus €47.1 million y/y. Consolidated revenue grew to €392.3 million from €318.5 million. AmRest Holding is an inter...

Locked content 824 companies went bankrupt in Jan.-Oct. – Euler Hermes

During the 10 months of this year, 824 companies in Poland went bankrupt, which is an increase of 9 percent y/y – Euler Hermes reported. In October alone 101 cases of insolvency were registered versus 80 a year ago (an increase of 26 percent y/y). The number of insolvencies compared to the pre...