Locked content Esotiq & Henderson April sales up by 3% y/y

Esotiq & Henderson reported April sales at about PLN 13 million. April revenue grew by 3 percent year-on-year, according to the company statement. January-April sales amounted to approx. PLN 46.5 million and were at the same level as in the corresponding period of the previous year. The retail s...

Locked content Chemoservis-Dwory files for bankruptcy

WSE-listed chemical and industrial infrastructure operator Chemoservis-Dwory has filed for bankruptcy citing difficult financial condition, said the company in a statement on Thursday. WSE suspended trading of Chemoservis-Dwory’s shares as of May 2. The company did not provide its annual repor...

Locked content Polish entrepreneurs generate over 1/3 of GDP

Polish entrepreneurs generate over 1/3 of GDP in Poland. They are the most important employer in the country and invest more than international corporations according to the report “Przedsiębiorca odczarowany. Kim są twórcy polskiej gospodarki” (Eng. “Entrepreneur unbound. Who are ...

Locked content Nextbike at PLN 3.1 mln net loss in Q1

Nextbike reported PLN 3.1 million net loss in the first quarter compared to PLN 0.7 million loss a year ago. Revenue reached PLN 5.79 million versus PLN 4.28 million year-on-year. “A large part of the increased expenses are costs related to the re-launch of the systems, quality improvement and...

Locked content Samar sees car registration at 42,073 units in May

The number of new registrations of passenger cars and vans in Poland in April amounted to 44,819, according to data from sector research firm Samar. The figure grew by 13.5 percent year-on-year. Over the first decade of May 2018, which consisted of six business days, 9,091 passenger cars were regist...

Locked content UOKiK places four Kiss & Fly zones under scrutiny

Polish antitrust watchdog UOKiK initiated an investigation regarding the practices of four airport operators – Warszawa, Modlin, Kraków and Katowice. The Office will examine whether the parking rules applicable to Kiss & Fly zones are not inconsistent with competition law. According to UOK...

Locked content Bowim preliminary net profit at PLN 5.65 mln in Q1

Bowim recorded PLN 5.65 million of consolidated net profit in the first quarter of 2018, which is PLN 3.77 million less than a year earlier, the company announced presenting its preliminary data. The company stated Q1 operating profit amounted to PLN 11.8 million, which is a decrease of PLN 3.4 mill...

Locked content Maxima Grupe announces squeeze-out of Emperia shares

Lithuanian retail chain Maxima Grupe announced mandatory squeeze-out of 354,531 shares in Emperia Holding representing  2.87 percent of its share capital, at PLN 100.0 per share. The squeeze-out, brokered by Dom Maklerski mBank, commences on May 11 . Purchase date is set on May 17. In November 2017 ...

Locked content Pekao cuts workforce to save PLN 70 mln per year

Polish bank Pekao SA introduces voluntary departures for about 1,000 of its employees in order to save about PLN 70 million on an annual basis. “The cost of this program will not exceed PLN 40 million,” said Tomasz Kubiak, deputy CEO of the bank. The bank’s CEO informed that Pekao ...

Locked content Grupa Azoty sees higher investments for 2014-2020

Poland’s largest chemicals maker Grupa Azoty will have significantly higher investment costs for 2014-2020 than the previously announced PLN 7 billion, said the company’s deputy CEO, Paweł Łapiński. By 2017 the state-controlled group already allocated around PLN 4 billion to investments. In 20...