Locked content Jaguar Land Rover terminates import deal with BAH. Stock plummets

Jaguar Land Rover Limited terminated the import agreement with WSE-listed British Automotive Holding. As a result, the company’s shares dropped by over 50 percent. According to BAH, the agreement will expire on August 1, 2020. The subject matter of the contract is, among others, to regulate the rule...

Locked content Trybuchowski named KDPW CEO

Maciej Trybuchowski was appointed as CEO of securities depository KDPW, and Paweł Górecki was named his deputy, KDPW said in a press statement. Trybuchowski will takeover his post on September 10, while Górecki was appointed with immediate effect. KDPW is responsible for maintaining a central securi...

Unemployment at 5.9% in July– Labor ministry

The registered unemployment rate amounted to 5.9 percent in July, unchanged compared to June, and 1.1 percentage points lower y/y, based on estimates from job centers, the Ministry of Family, Labor and Social Policy announced.

Locked content Amazon to increase wages in Polish logistics centers

Amazon will raise wages for employees in all five e-commerce logistics centers in Poland from September 1 this year. by max. 16.7 percent, the company said. “We want to provide our employees with competitive salaries and very attractive benefits, which is why in the second quarter of each year we an...

Locked content WSE suspends Krezus trading

The Warsaw Stock Exchange suspended the trading of metals firm Krezus following a motion from the Financial Supervision Authority KNF. The watchdog filed such motion after Krezus did not immediately inform that its main shareholder Taleja sold 20 percent of its stake, reducing it to 31 percent. The ...

Locked content Budimex and Strabag with PLN 480 mln A1 deal

WSE-listed builder Budimex along with its partner Strabag signed a PLN 478.8 million deal with road authority GDDKiA for the A1 highway segment connecting Tuszyn and Bełchatów. Both companies have 50 percent stake in the bid. The length of this sections of the highway is roughly 16 kilometers long. ...

Locked content Ministry wants power groups to trade all energy on TGE power exchange

The Ministry of Energy wants power utilities to sell all of their output on the TGE power exchange. Excluded would be cogeneration and renewable energy. The ministry hopes that such move will stabilize prices on the energy market which have gone up in recent months. “I hope that it will prevent unju...

BIEC: Economic sentiment drops in July

The leading indicator of economic sentiment (WWK) in Poland estimated by the Bureau for Investments and Economic Cycles (BIEC) decreased by 0.3 points and stood at 167.3 points in July.