Locked content Gobarto names Marcin Śliwiński new CEO

Meat producer Gobarto has named Marcin Śliwiński its new CEO as of November 1, the company reported.  At the end of September, Gobarto announced the appointment of Śliwiński as the new vice president from November 1. In the meantime, Przemysław Koźlakiewicz resigned from his position as CEO on Octob...

Locked content 35% of Poles save money with a set plan – ZBP

Only 35 percent of Poles save their money according to a predetermined plan, and 60 percent save money in an irregular way, according to the study of the Polish Bank Association (ZBP). More than half of bankers emphasize that their clients save for a rainy day, and one in four does not have a goal a...

Locked content Private consumption may gradually drop in next months

The September dynamics of retail sales in nominal terms (in current prices) and real (in constant prices) fell below the market consensus. Analysts indicate that private consumption will remain the main driver of economic growth this year. However, they expect its pace to gradually weaken in the com...

Locked content PayU provides Google Pay for online purchases

Poland’s leading online payment service provider PayU has added Google Pay payment for online purchases, the company informed on Friday. Payments using Google Pay can be made on all devices (telephones and computers), regardless of the operating system or browser. Google Pay (formerly Android ...

Locked content LC Corp issues 2- and 4-year bonds worth PLN 100 mln

LC Corp issued two-year and four-year unsecured coupon bonds with a total nominal value of PLN 100 million. The 4-year bonds are with a nominal value of PLN 66 million, while the 2-year bonds have PLN 34 million nominal value. The bonds are with a variable interest rate, the company said. The curren...

Locked content Nestmedic: KTG Pregnabit 2.0 admitted to trading in Europe

Medical equipment producer Nestmedic has developed the next generation of its mobile KTG device. The new version – Pregnabit 2.0. – passed the TUV Nord supervision audit, thus maintaining the CE mark, which is a guarantee of product quality and safety. The product was authorized for trad...

Locked content Quercus TFI with 9-month net loss of PLN 14.9 mln

Quercus TFI reported PLN 14.87 million unconsolidated net loss in Q1-Q3 2018 compared to PLN 22.45 million profit a year earlier, the company said in a report. Sales revenue reached PLN 66.45 million in comparison with PLN 83.52 million in 2017. 9-month operating profit went down to PLN 19.64 millio...

Locked content Alior Bank: Katarzyna Sułkowska resigns as CEO

Katarzyna Sułkowska has stepped down from her post as the CEO of WSE-listed Alior Bank, the bank informed in a statement. Krzysztof Bachta was appointed as acting CEO in her place until the approval of the Polish Financial Supervision Authority to appoint him as the bank’s CEO. Sułkowska becam...

Locked content Creepy Jar: “Green Hell” costs paid off in six weeks

“Green Hell” production and marketing costs (about PLN 3.5 million) were paid off in six weeks from the premiere of the game in the early access version – said Creepy Jar, producer and publisher of the title. So far, there have been sold over 93,000 copies of this game. By the spri...

Locked content Fitch keeps PGNiG ratings at BBB- with stable outlook

Fitch Ratings maintained longterm ratings for PGNiG at the BBB- level with a stable outlook, the agency said. “Confirmation of the rating reflects the strong, integrated position of PGNiG on the Polish gas market, low leverage, and solid liquidity. The rating is supported by the regulated gas ...