Locked content Baltona revenue up by 24% in December

Duty-free and traveler retailer Baltona amounted to PLN 38.8 million in December and were higher by 24 percent y/y, the company reported. In the B2B segment, revenue fell by 50 percent y/y to PLN 4.9 million. In the Gastronomy segment (F & B), revenue decreased by 10 percent y/y to PLN 1.7 milli...

Locked content Main WSE indices down on Thursday

The main WSE indices went down on Thursday.  By 13.00 WIG20 fell by 1.0 percent to 2,318 points and WIG lost 0.7 percent. Turnover on the main market amounted to nearly PLN 450 million, of which PLN 390 million was generated by blue chips. Among the blue chips, Alior Bank fell the most (by 2.8 perce...

Locked content Accor raises offered price for Orbis shares

Accor raised the price in the tender offer for Orbis to PLN 95 from PLN 87,  Santander DM acting as tender intermediary informed. At the end of November, Accor launched a tender offer for 47.31 percent stake in Orbis. As a result,  Accor plans to reach 100 percent stake in Orbis and to delist the co...

Locked content Penalty for some tax offenses may increase

Ministry of Justice adopted a draft amendment to the Penal and Fiscal Code, which proposes an increase of penalty for some tax offenses. The document is aimed to “improve the efficiency of proceedings, but also to enforce punishments,” the Ministry said. It suggested, among others, to in...

Locked content Tesco may lay off 1300 employees

Tesco decided to close 32 loss-making stores in Poland as part of the plan to reduce operating costs. “We are continuously reviewing our assets and take decisions where we see no route to profitability,” Martin Behan, Tesco Polska Managing Director said in the official statement. The dec...

Locked content The electric carsharing system opens in Rybnik

GreenGoo launched an electric carsharing system in Rybnik, which should help in tackling smog issue and develop sustainable mobility. The cost of renting a car is PLN 0.99 per minute, the payments are executed through PayU system. GreenGoo plans to install at least six charging points for electric v...

Kraków Airport plans to serve 7.9 mln passengers in 2019

Kraków Airport plans to transport 7.9 million passengers in 2019, while in 2018 the airport served 6.77 million. This year the airport plans to launch flights to Tel Aviv, Olsztyn, Bucharest, and Dubrovnik. In addition, the passengers will be offered Wizz Air flights to London, Kiev, Nice, Turku, Do...

Locked content Used cars import up by 7.1% in 2018 – Samar

Imports of used passenger and commercial vehicles grew by 7.1 percent y/y to about 1.0 million units in 2018, sector research firm Samar reported. The average age of imported cars is 11 years and 10 months. Most cars come from Germany (58 percent), France (9 percent) and Belgium (7 percent). 2018 wa...

Locked content 4Mass debuted on NewConnect

On Thursday 4Mass started trading on NewConnect market. As part of a private and public offer, the company raised about PLN 3 million. The issue price of series B shares was set at PLN 0.1, and series C shares were priced at PLN 0.33. In the long-term 4Mass plans to expand the offer of products̷...

Locked content Kruk invests PLN 341 mln in debt portfolios in Q4

In Q4 Kruk invested PLN 341 million in debt portfolios with a total nominal value of PLN 2.6 billion, registering a 65 percent increase y/y. During the same period, the repayments from purchased portfolios amounted to PLN 432 million, an increase of 15 percent versus Q4 2017. The nominal value of cl...