PGZ joines multi-task aircraft construction program

Polska Grupa Zbrojeniowa (PGZ) joined the program for the construction of an innovative multi-task turboprop new generation ILX-34 – the armaments company said. According to PGZ, this is the first step towards the revitalization of the domestic aviation industry.

Locked content Rainbow Tours wants to pay PLN 1.20 dividend per share

Rainbow Tours wants to allocate PLN 17.46 million or PLN 1.20 per share for dividend from 2017 profit  – the company said in draft resolutions for general shareholders, convened for June 20. The proposed dividend record date is June 27, and the payout date is July 11, 2018. The remaining part ...

Locked content Gaz-System and Amber Grid to build Poland-Lithuania gas connection

Gaz-System and Amber Grid have decided to launch the construction of a gas connection between Poland and Lithuania, Gaz-System said. The signing of Connection Agreement, which regulates the legal, business and technical aspects of investment, was held in Copenhagen, during the ongoing European Energ...

Locked content Auto Partner ups storage area to 86,500 sqm

Car parts importer and distributor Auto Partner Group decided to increase the warehouse space in Bieruń by about 11,000 sqm (from the current 30,000 sqm), informed the sales director Piotr Janta. As a result, the total warehouse space of the group will increase from around 75,500 sqm up to approx. 8...

Locked content Financial situation of households improved in 2017 – GUS

The financial situation of Polish households in 2017 improved, according to statistics office GUS. Real increase in the average monthly disposable income per capita in households in 2017 increased by 6.3 percent, to PLN 1,598 in comparison to 2016, when it amounted to PLN 1,475. According to GUS, th...

Locked content Ciech to pay 2017 dividend of PLN 5.7 per share

Ciech intends to pay PLN 300.4 million in dividends for 2017, which corresponds to PLN 5.7 per share, the company said in a statement. It plans to allot the entire net profit of the company for 2017 increased by the amount transferred from the supplementary capital created from profits. 2017 net pro...

Locked content Retail sales grow by 4.6% in April – GUS

Retail sales increased in April by 4.6 percent year-on-year and dropped by 5.3 percent m/m, according to Central Statistics Office GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 7.5 percent y/y and reduce by 2.4 percent m/m. In real terms, Polish retail sa...

Locked content GetBack names Przemysław Dąbrowski new CEO

Troubled WSE-listed debt collector GetBack’s supervisory board in restructuring appointed Przemysław Dąbrowski new CEO and Magdalena Nawłoka as a board member, the company said. At the same time, the management board delegated Paulina Pietkiewicz to a temporary role where she will be responsib...

Poland places 24 in EU’s digital economy ranking

Poland took 24th place out of 28 member states in the European Union’s digital economy and digital society ranking published by the European Commission. The digital divide between leaders and those lagging behind is closing very slowly.

Locked content Próchnik files for bankruptcy, awaits restructuring ruling

Clothes producer Próchnik filed with the District Court in Łódź for the bankruptcy of the company – Próchnik informed in a statement. At the same time, the Management Board requests that the application be withheld until the court issues final ruling regarding the company’s earlier restr...