Locked content Poles will spend 6% more on Christmas – Deloitte

The typical Polish family will spend almost PLN 1,168 (€272) on Christmas, 6 percent more than the year before, according to the study “Christmas shopping 2018” carried out by the consulting company Deloitte. “This 6-percent growth is the highest in the analyzed countries. A simila...

Locked content EU agrees on foreign investments screening rules

On Tuesday European Union negotiators reached an agreement on the EU framework for screening foreign direct investments. The new rules should protect EU members “essential interests”, European Commission (EC) said in a statement. “We need scrutiny over purchases by foreign companie...

Locked content InPost starts deliveries with electric cars in Kraków

InPost started using electric cars to deliver parcels. First such deliveries have already begun in Kraków. By 2020, the company plans to have 30 percent of electric cars in its fleet, InPost said. “Nissan is the supplier of currently used electric cars, but we will not limit ourselves to just ...

OECD raises 2018 GDP growth forecast for Poland to 5.2%

The Organisation for Economic Cooperation and Development (OECD) has raised its 2018 GDP growth forecast for Poland to 5.2 percent from 4.6 percent previously. For 2019 OECD upgraded GDP growth estimate to 4.0 percent from 3.8 percent previously.

Locked content Small stores sales up 5.1% y/y in October

In October sales in small format stores (up to 300 sqm) grew by 5.1 percent annually and by 2.2 percent on the monthly basis, Polish Chamber of Commerce (PIH) estimated. The average value of transaction stood at PLN 13.96, a 5 percent increase versus October 2017 and a 3 percent increase in comparis...

Locked content Wojas Q3 net loss widens to PLN 1.4 mln

Polish footwear manufacturer and distributor Wojas recorded PLN 1.4 million of consolidated net loss in Q3 versus a loss of PLN 0.69 million y/y. Operating loss widened to PLN 0.9 million from PLN 0.6 million in Q3 2017. Revenue grew to PLN 54.95 million from PLN 53.72 million y/y. In the online cha...

Locked content PGNiG Q3 net profit up at PLN 554 mln

PGNiG recorded PLN 554 million of the consolidated net profit attributable to shareholders in Q3 compared to PLN 367 million a year ago. Operating profit grew to PLN 826 million from PLN 418 million y/y. Revenue amounted to PLN 7.6 billion versus PLN 6.08 billion in Q3 2017. “The improvement o...

Locked content PGE orders coal for PLN 5.25 bln from PGG

Polska Grupa Energetyczna (PGE) signed a coal supply agreement with Polska Grupa Górnicza (PGG). The total value of hard coal supplies for 2019-2022 is estimated at PLN 5.25 billion. PGE Capital Group is Poland’s largest energy sector company with respect to sales revenues and net profit. The compan...

Locked content Industrial production growth seen above 4% in November

The industrial production growth in November is expected to exceed 4 percent, and construction output growth is seen below 20 percent, Ministry of Enterprise and Technology analysts commented on Tuesday to the data from Poland’s Central Statistical Office (GUS). According to the preliminary GU...

Locked content Ursus gets prelim. settlement proposals from PKO BP

WSE-listed tractor producer Ursus received preliminary settlement proposals from PKO Bank Polski regarding the repayment of multi-purpose credit agreement signed on October 7, 2015, the company said. Ursus plans to have talks with the bank to agree to the new conditions for financing. It will be tak...