Locked content Ursus CEO resigns

The CEO of WSE-listed, tractor producer Ursus, Karol Zarajczyk has resigned from his post. The company’s board appointed Tomasz Zadroga, former Yawal CEO to replace him. Zarajczyk was the company’s CEO since 2013. Last month, the district court in Lublin has approved Ursus motion to launch accelerat...

Locked content Coal sales grow in October

Polish coal miners sold 5.7 million metric tons of coal in September, up by 0.7 million tons m/m and down by 0.2 million tons y/y the Industry Restructuring Agency (ARP) said. Coal production in October amounted to 5.8 million tons, up from 4.9 million tons the month before, and down by 0.2 million ...

Locked content WSE turnover continues to fall in November

Equity turnover on the main market of the Warsaw Stock Exchange in November amounted to PLN 18.03 billion, a 17.9 percent year-on-year decrease, the stock exchange has announced. The bourse also announced that turnover on the bond Catalyst market amounted to PLN 173.7 million last month, a 16.2 perc...

Locked content Kraków with PLN 376 mln loan from EIB for public transport

The city of Kraków was granted a PLN 376 million loan from the European Investment Bank (EIB) for the purchase of up to 90 low energy trams and the modernization of existing ones. According to EIB this is the third and largest loan to the company in less than 10 years and the fourth to the city’s...

Locked content Ad market to grow by 4.2% in 2019 – report

Media house ZenithOptimedia expects Poland’s advertising market to grow by 4.2 percent y/y to PLN 7.91 billion in 2019, for 2018, the company forecasted a 2.3 percent growth. “Despite the anticipated decline in economic growth and the slowing of the pace of household spending, positive consume...

Locked content Polish banking sector with stable outlook – Fitch

The outlook of the banking sector in Poland is stable, reflects their good financial condition and good liquidity based on deposits of domestic customers – Fitch said in a report on banks from the CEE. Fitch believes that the expected slowdown in economic growth will cause a moderate slowdown ...

Locked content KNF wants to suspend Fast Finance trading on WSE

The Financial Supervision Authority KNF asked the Warsaw Stock Exchange to suspend the trading of the debt collector Fast Finance shares. The motion comes as the company failed to provide the Q3 financial report within the deadline set by law. “Pursuant to § 79 section 1 of the Regulation of the Min...

Locked content Renewables fee to stay at zero in 2019 – URE

Poland will leave its renewables fee at PLN 0.0/MWh in 2019 after reducing it was reduced this year from PLN 3.7/MWH in 2017, energy market regulator URE said in a statement. The renewables fee is added to end-user electricity bills. It was introduced in July 2016….

Locked content Report: 72% of Poles use social media as the primary news source

As many as 72 percent of Poles aged 15-64 take their daily news from social media. Nearly, every other person in this age group considers the internet “a major part of their lives,” according to the McKinsey & Company report. “The research shows that digital Poles are increasingly using the late...