Locked content Delko to buy 50% in A&K Hurt-Market for PLN 7 mln

Delko has signed a preliminary conditional agreement regarding the purchase of 50 percent stake in A&K Hurt-Market for PLN 7 million – Delko announced in a statement. Delko is a distributor of household chemistry products, cosmetics, and personal hygiene products. Delko products are distri...

Locked content Alior Bank with PLN 172.9 mln Q3 net profit

WSE-listed Alior Bank posted a PLN 172.9 million attributable net profit in Q3, down from PLN 178.2 million last year. Net income from interests was reported at PLN 781.4 million, up by 7 percent y/y. Fees and commissions amounted to PLN 106.6 million, up from PLN 97.3 million last year. Alior’s tot...

Locked content GDDKiA chooses Budimex for S19 expressway section

WSE-listed Budimex offer for the construction of a section of the S19 expressway (Nisko Południe-Sokołów Małopolski Północ) was chosen as the most favorable by the General Directorate for National Roads and Motorways (GDDKiA). The value of the offer is PLN 232.85 million net, the company said. Budim...

Jaguar Land Rover will buy its unsold cars from BAH

Jaguar Land Rover Deutschland, the headquarters of the Jaguar Land Rover concern for Europe, will purchase unsold, unregistered and brand new Jaguar and Land Rover cars and spare parts from the British Automotive Holding subsidiary – BAH said in a statement.

Locked content President signs amendment to agricultural insurance act

President Andrzej Duda has signed an amendment to the agricultural insurance law – said the Chancellery of the President on Wednesday. The new regulations, according to the Ministry of Agriculture, are to encourage farmers to insure crops against drought. The new regulations will enable farmer...

Locked content Kruk will issue bonds worth up to PLN 30 mln

The board of debt collector Kruk decided to issue no more than 300,000 five-year AG1 series bonds with a total nominal value of up to PLN 30 million, the company said. The unsecured bonds will be issued in a public offering. The AG1 series bonds will bear a variable interest rate equal to the WIBOR ...

Locked content Konsorcjum Stali plans no dividend for 2018 and 2019

WSE-listed steel producer Konsorcjum Stali does not intend to pay dividends for 2018 and 2019. Management Board plans to propose General Meeting to allocate all profits from 2018 and 2019 to supplementary capital, the company said on Friday. “The adoption of this policy will enable further exp...

Locked content Coal prices for power industry down 1.2% in Sept.

In September the price of hard coal for the power industry fell by over 1.2 percent m/m, and the price of coal for heating increased by more than 2.6 percent in comparison to August, price indices published by the Industrial Development Agency (ARP)indicate. The data shows that in September 2018 dom...

Locked content LiveChat with 230 new B2B clients in October

The number of LiveChat’s clients increased by 230 net in October, the company said.  25,628 clients were using the paid version of LiveChat’s software as of November 1, which is an increase of 15.3 percent on an annual basis. LiveChat is a software producer, whose products allow online retailers to ...

Locked content EBRD lifts Poland’s GDP growth forecast to 4.7% in 2018

The European Bank for Reconstruction and Development (EBRD) raised the GDP growth forecast for 2018 to 4.7 percent y/y, and for 2019 to 3.6 percent y/y, up by 0.7 and 0.3 percent respectively compared to forecasts from May – the bank reported. “GDP growth could have reached its peak in m...