Locked content 7Levels debuts on NewConnect on June 5

7Levels, a Kraków-based producer of games for the Nintendo Switch, will debut on the small-cap, alternative NewConnect market on Tuesday, June 5, the Warsaw Stock Exchange informed in a press release. 7Levels at the end of October 2017 issued 25,000 new C-series shares. The issue price was PLN 60 pe...

Locked content Poland may not reach 50% recycling by 2020 – NIK

There is a threat that Poland will not reach the 50-percent level of recycling of the EU-designated regulation in 2020 – the Supreme Audit Office NIK informed in a report. According to NIK, it is necessary to intensify actions at all levels, starting from the gminas, through regions to the Min...

Locked content 100 Warmate drones for Polish army in 2018

So far, the army has received 20 pieces of Warmate loitering munition, 80 more will be delivered by the end of the year, Tomasz Badowski from WB Electronics, which produces these short-range impact drones said. By the end of the year, a total of one hundred Warmates will be provided, used for traini...

Locked content Lasy Państwowe warns against risk of fires

Due to high temperatures and lack of rainfall, the risk of fires increases, indicated Lasy Państwowe (State Forests). According to data from PSP (State Fire Service), the forests have been burning 3,147 times since the beginning of March; 39 percent were cases of arson. The statistics show that the ...

Locked content Vistal Gdynia with PLN 21.3 mln net loss in Q1

Vistal Gdynia reported Q1 consolidated net loss at PLN 21.29 mln compared to PLN 4.35 mln net profit a year earlier.  Q1 operating loss amounted to PLN 10.12 million from PLN 4.27 million profit in 2017. Q1 consolidated revenue dropped by 87.1 percent to PLN 13.58 million year-on-year. Unconsolidate...

Locked content GetBack will verify restructuring plan within 2-3 months

GetBack, which released unaudited results for 2017, estimates that it will review the restructuring plan presented earlier in 2-3 months’ time. The company is working towards reducing costs. In the first quarter it will continue cleaning its balance sheet, GetBack representatives said on Wedne...

Locked content Economic poverty fell to 4.3% in 2017 – GUS

In 2017 extreme poverty rate was down at 4.3 percent, a decrease of 0.6 percentage points compared to 2016, according to the results from Central Statistical Office (GUS) data. The situation improved in particular in rural areas. It is highly probable that the factors that contributed most to the im...

Locked content Elektrobudowa cuts 2018 net profit forecast to PLN 27.3 mln

Elektrobudowa Group lowered its net profit forecast to PLN 27.3 million from PLN 46 million in 2018, the company said in a statement. According to the new outlook, Elektrobudowa SA’s net profit is to reach PLN 34.8 million, not PLN 41.9 million as assumed earlier. Elektrobudowa still sees 2018...

Locked content Qumak appeals against ruling in favor of Oracle Polska

Qumak filed an appeal against a court ruling ordering the company to pay PLN 8.22 million along with statutory interest for delay, as well as costs of the trial and legal representation in the total amount of PLN 39,400. Earlier on May 23, District Court in Warsaw ordered Qumak to pay Oracle Polska ...