Locked content Master Pharm 2018 prelim. net profit up by 24%

Master Pharm reported a preliminary 2018 net profit of PLN 10.96 million, an increase of 24 percent y/y. Operating profit stood at PLN 13.86 million. Preliminary revenue grew by more than 15 percent y/y to PLN 74.81 million. The higher revenue resulted mainly from an increase in orders volume and or...

Locked content Over 90% of Biedronka items come from Poland

Retailer Biedronka cooperated with over 1000 suppliers from Poland in 2018, the company said. Last year nearly 92 percent of items in Biedronka stores came from Polish producers. In many categories, such as bread, dairy products, fresh fish, sweets, the share of domestic products reached almost 100 ...

Locked content More than every tenth Pole faces poverty

Despite the growing level of life in Poland, as many as 13 percent of households faced poverty in 2018. This is a 1 percentage point decrease compared to 2015, according to the Central Statistical Office (GUS) data.  The poverty threshold also grew over the last years. The most people affected by po...

Locked content Ultimate Games signs digital distribution agreement with GOG

NewConnect-listed video game developer Ultimate Games signed a digital distribution agreement with GOG, the company said on Thursday. The selected games will be available on GOG.com. The first games, which will be distributed under the agreement, are Bad Dream: Coma and Bad Dream: Fever. They should...

Locked content Santander BP agrees with trade unions group layoffs

Santander Bank Polska signed an agreement with trade unions regarding group layoffs. The bank plans to cut the number of employees by the maximum of 1400 persons. The parties agreed, among others, criteria for employee selection, whose contract will be terminated as part of collective dismissals, su...

Locked content Orlen agrees with Rosneft to cut oil supplies by 30%

PKN Orlen signed a new contract with the Russian Rosneft for crude oil supplies in 2019-2021. Under the agreement, Orlen will reduce crude oil deliveries from Rosneft by approximately 30 percent, the Polish company said. Rosneft will supply 5.4 – 6.6 million tons of crude oil annually.  Under ...

Locked content Meat from illegal slaughter of sick cows appeared in stores

Meat from illegal slaughter of sick cows appeared in 20 points of sale in Poland and was exported to 10 countries. It has been withdrawn now, and the meat in stores is safe, Chief Veterinary Officer Paweł Niemczuk said at press conference. Polish broadcaster TVN this week reported on illegal slaught...

Locked content Unemployment in Poland at 3.5% in December, third lowest in EU

In December unemployment in Poland stood at 3.5 percent, Eurostat reported. This is the third lowest rate in EU after the Czech Republic (2.1 percent) and Germany (3.3 percent). On the other hand, Greece, Spain, and Italy recorded the highest unemployment – 18.6 percent, 14.percent, and 10.3 p...

Locked content Qumak seeks investor for its unit

Polish IT and technological company Qumak invited investors to submit bids for the acquisition of shares in its unit Qumak Professional Services (QPS), the company said. Qumak hopes to attract an investor as part of strategic options review for QPS. No specific strategic option has been chosen so fa...

Locked content Railway transports 6.7% more passengers in 2018 – UTK

As many as 310.3 million passengers traveled in Poland by train in 2018, Office of Rail Transport (UTK) reported. This is a 6.7 percent increase versus 2017. The average distance of a trip was 67.8 km. Among 19 rail carriers, PKP Intercity recorded the highest growth of passengers – by 7.7 per...