Locked content Próchnik to sell Rage Age brand, focus on e-commerce

Clothing company Próchnik has presented the details of its restructuring plan, which includes focusing mainly on internet sales and reducing its range to center on the production of outerwear. The company is also planning to sell its Rage Age brand. “The Próchnik brand must definitely return t...

Locked content European Space Agency approves Polish testing systems

GNSS hybrid and satellite navigation receivers for space applications will be tested using two testing systems designed by Polish engineers. The European Space Agency (ESA) has issued a positive rating for both systems, Astri Polska said on Monday. “At the end of March, representatives of the ...

Locked content Lufthansa cancels 40 flights to and from Poland

Due to warning strikes at four German airports, 40 Lufthansa flights to and from Poland will be canceled on Tuesday the airline announced. Flights to Frankfurt from Warsaw, Krakow, Gdansk and Wroclaw, and to Munich from Poznań will be affected. The warning strikes at Frankfurt, Munich, Cologne and B...

Locked content Wittchen with PLN 15.2 million for 2017 dividend

The Board of Directors of Wittchen has recommended allocating PLN 15.2 million from the net profit for 2017 (PLN 18.26 million) for the annual dividend, the company said. “In accordance with the adopted resolution, the management board recommends allocating the net profit for 2017 in the amoun...

Locked content Poczta Polska signs new agreement with Chinese Post Office

Poczta Polska, the Polish national postal service, has signed an agreement with the Chinese Post Office regarding the continuation of cooperation in the field e-commerce deliveries to Europe by land transport, the company announced today. “Our experience in the field of delivering e-commerce d...

Locked content ‘Memento-Smoleńsk’ monument unveiled in Budapest

A memorial monument “Memento-Smoleńsk” was unveiled in Budapest’s Budafok-Teteny district on Friday, commemorating the April 2010 Smolensk airplane crash, which claimed 96 lives, including that of President Lech Kaczyński. The late president’s brother and head of the ruling Law and Justice party Jar...

Locked content PLN 350 mln for Silesia railway revamp

Polish Railway operator PKP PLK has announced a tender for refurbishing railway lines in Upper Silesia. The estimated value of the work is PLN 350 million, the operator stated. The refurbishment will be carried out in the “Design & Build” system. The renovation is to increase the speed of cargo ...

Locked content Warimpex with €41.5 mln profit in 2017

Real estate investor and developer Warimpex posted €42.37 million in consolidated revenue for 2017, with EBIDTA at €33.58 (up by 57 percent y/y) and EBIT at €55.7 million (a 116 percent growth y/y) and net profit at €41.5 million (an 81.5 percent increase y/y), according to the company’s preliminary...

Demand for mortgage loans up 13% y/y in March – BIK

The demand for mortgage loans in March (calculated as the total value of mortgage loans, for which inquiries were filed with Credit Information Bureau BIK) increased by 13 percent in March year-on-year, BIK stated. “In total 41,380 mortgage loan applications were submitted in March, compared to 44,7...