Trans Polonia revenues way up in October

According to a market filing, Trans Polonia’s total revenues in October hit PLN 17.08 million, as it continues its goal of expansion throughout western Europe. This represented a whopping increase when compared with October of 2015, when revenues stood at PLN 6.49 million. The Tczew-based company, w...

Exports increased by 5.8 percent in Q1- Q3 2016 – GUS

During the first three quarters of 2016, Poland increased its trade surplus by 1.2 percent, y/y, according the Central Statistical Office (GUS). Exports from Poland grew by  5.8 percent (PLN 586.32 billion), while imports rose by 3.9 percent to  PLN 568.37 billion. Of those exports, 27 percent went ...

Locked content Kruk looking for acquisitions

In an attempt to increase its share capital, the Polish company Kruk, which specialises in debt collection, is planning to acquire small and medium-sized companies over the next year.  “Kruk is building an organization in Western Europe of debt and liquidity management, and prefers to finance the pu...

Poland’s PMI drops sharply

The manager’s purchasing index (PMI), long-viewed as a harbinger of overall economic output in a region, was down by 2 percentage points in October compared to the previous month, according to research group Markit.  Although the rate remained above the threshold of declining activity, at 50.2, ther...

Locked content CCC sales increase year-on-year

One of Poland’s largest footwear retailers reported gains in revenues for the first three quarters of this year, in comparison to the same period last year, according to the company’s press release on Wednesday. “Revenues for the period January – October amounted to more than PLN 2.5 billion a...

Locked content Clothing giant LPP revenues sky rocket

LPP, the owner of the popular labels Reserved, Cropp and Mohito generated increased revenues in October. The growth was driven partly by increased internet sales, which grew by 180 percent year-on-year. Overall, consolidated revenues, which totalled PLN 614 million, increased by 24 percent during Oc...

Locked content Prospex cautionary on job prospects in new drilling project

The CEO of the energy company Prospex, which recently gained approval from Poland’s Ministry of the Environment to drill the Bolesław-1 well cautioned that the project itself would not result in many additional jobs. “A material gas discovery could attract more foreign E and P investment to Poland, ...

Locked content Poczta Polska finally introduces credit card payments

Polish Post has announced it will now be accepting credit cards as forms of payment in its 4,600 outlets across the country. An official said in a company statement that this latest service is “another step towards digitization services.” The new service will necessitate the installation of some 8,0...

Locked content Carrefour expands online offering

Retailer Carrefour has started selling grocery articles through its eCarrefour.pl online store, with the online offering of the company in Poland expected to eventually include approximately 12,000 FMCG products. At the moment, eCarrefour.pl offers grocery articles to the inhabitants of the Białołęk...

Locked content Holiday highway deaths in Poland down slightly

The previous long weekend was a deadly one on Polish roads, but not so much as during the same time period in 2015, according to Polish police. During 2016, 39 people were killed, among 428 accidents investigated. Police headquarters official Dawid Marciniak said in a statement that the ramped-up sa...