Locked content Pragma Inkaso expects better results in H2

Pragma Inkaso believes that the group will reach “significantly better results” in H2, the company’s management board stated in a letter to its shareholders. Pragma Inkaso reported revenue of PLN 23.0 million in H1, a 27 percent increase y/y. The group’s operating profit incr...

Locked content Copernicus TFI funds up stake in Skarbiec to 9.64%

Funds managed by Copernicus TFI increased their ownership in Skarbiec Holding to 9.64 percent, Skarbiec informed in a statement. Before the transaction, the funds had 4.64 percent shares in Skarbiec. The purchase of 4.99 percent Skarbiec shares was executed by TFI Real Estate Investment FIZAN, which...

Locked content Monnari Trade revenue up at PLN 16.3 mln in August

Monnari Trade reported consolidated revenue from sales at about PLN 16.3 million in August. It went up by 0.63 percent year-on-year, the company stated. In January-August 2018 the group’s consolidated revenue decreased by 5.19 percent to PLN 142.4 million in comparison to the previous year. Mo...

Locked content EU invests €320 mln in road infrastructure in Poland

The European Regional Development Fund (ERDF) invested over €255 million in the construction of the S5 expressway section between Nowe Marzy, Świecie, and Bydgoszcz. Further €64.6 million (from the Cohesion Fund) were allocated for the construction of the section of the S17 expressway between the in...

Locked content Eurostat: Retail sales up 7.7% in July

The volume of seasonally adjusted retail trade in Poland grew by 7.7 percent year-on-year in July, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it increased by 0.2 percent. Throughout the EU retail trade remained unchanged in m/m terms, and grew by 2...

Locked content Volvo Polska will supply six hybrid buses to Ełk

Volvo Polska has won a tender for the supply of six new hybrid city buses to Ełk, the company said in a statement. The vehicles will be delivered in two tranches – at the end of 2019 and 2020, directly from the Wrocław Volvo factory. Volvo hybrids already run in Wrocław, Sosnowiec, Inowrocław,...

Daily sales down by 11.8% y/y in July

Sales of daily newspapers in July decreased by 11.8 percent y/y to 600,989 units. In comparison to June, this is a decrease of 4 percent, the Press Distribution Control Association (ZKDP) stated.

Locked content 84% Europeans against seasonal time switch – EC

The European Commission (EC) has published the preliminary results of the public consultation on the arrangements for summertime in Europe, which show that 84 percent of respondents are in favor of eliminating the change in time every six months. “Millions of Europeans have taken advantage of ...

Locked content Vectra applies to buy Multimedia Polska – UOKiK

Vectra filed an application to the Office of Competition and Consumer Protection (UOKiK) regarding the acquisition of control over Multimedia Polska (MMP), and as a consequence, over the subsidiaries of MMP – the Office stated. Vectra filed the application on August 27, the case is in progress...