CCC to open store at Galeria Wisła mall

Footwear retailer CCC has leased 1,650 sqm at the Galeria Wisła shopping center in Płock in Mazowieckie voivodship. The tenant will open a two-floor store at the mall. The four-floor Galeria Wisła center, which is owned by Invel Real Estate, accommodates more than 120 stores and points of service wi...

Locked content Tesla shares slump after jobcut announcement

Shares in electric carmaker Tesla fell over 10 percent after the company Head Elon Musk announced that 3,000 jobs are to be cut.  “We, unfortunately,y have no choice but to reduce full-time employee headcount by approximately 7 percent (we grew by 30 percent last year, which is more than we ca...

Locked content Average gross salary exceeded PLN 5,000 in December

An average gross salary in the companies employing more than 9 people amounted to PLN 5274.95 in December, according to the Polish Central Statistical Office (GUS) data. Since złoty denomination in 1990, this is the first time when the average remuneration exceeded 5,000. In the annual terms, the av...

Locked content Bogdanka prelim. 2018 net profit at PLN 50.8 mln

Coal miner Bogdanka reported preliminary consolidated revenue of PLN 1.76 billion and a net profit of PLN 50.8 million in 2018. Preliminary EBITDA stood at PLN 465.3 million. Coal output amounted to 9.01 million tons and coal sales were 8.94 million tons. The 2018 results were affected by lower than...

Locked content JSW coal output up at 3.74 mln tons in Q4

Coal production at Jastrzębska Spółka Węglowa (JSW) amounted to 3.74 million tons in Q4 compared to 3.47 million tons y/y, the company said. Coking coal output was 2.31 million tons, about 10.2 percent less than in Q4 2017.  Total coal sales reached 3.68 million tons and were 3.3 percent higher vers...

Locked content Orange Polska sells Orange Real Estate

Orange Polska sold its unit Orange Real Estate to General Property, Orange Polska said.  It specified that the sale is in line with the company’s strategy assuming focus on the main activities. The transaction did not require UOKiK consent. Price of the deal was not disclosed. Orange Real Esta...

Locked content PGNiG secures three licenses in Norway

PGNiG Upstream Norway, a Norwegian unit of PGNiG Group, obtained three new licenses from the Ministry of Petroleum and Energy. The company will act as the operator under the PL838B license with a 40 percent stake and PL1017 license with a 50 percent stake. The third license PL1009 will be operated b...

Locked content Overdue debts of Polish seniors at over PLN 7.8 bln

Every eighth Polish citizen aged 65-74 lacks the money to pay the bills at least once a month. In total, seniors have over PLN 7.8 billion overdue debts, BIG InfoMonitor reported. Expenses related to health issues, interest rates on credits and relatives in need are the main reasons for seniors̵...

Locked content Esotiq & Henderson December revenue up by 7%

Clothing and cosmetics retailer Esotiq & Henderson recorded revenue of PLN 16 million in December, an increase of about 7 percent y/y. In the entire 2018 revenue stood at about PLN 154 million, showing a growth of 4 percent y/y. Consolidated sales margin was 64 percent, by 2 percentage points hi...