Locked content Ban of overnight alcohol sales is suspended – Kraków

The Voivodship Administrative Court in Kraków has suspended the implementation of the city council’s resolution regarding restrictions on alcohol sales in the Old Town and Kazimierz. This means that the ban on the sale of alcohol planned from December 26 will not come into force. On September ...

Locked content ZUS transfers PLN 25.5 mln to OFEs this week

Social Insurance Board (ZUS) transferred PLN 25.5 million to the open pension funds (OFE) this week, – ZUS informed in a statement. Overall, in November, the transfers amounted to PLN 228.7 million so far, while this year’s transfers have reached PLN 2.82 billion. Last year, ZUS transferred PL...

Locked content Echo Investment considers PLN 50 mln bond issue in Q4

Echo Investment is considering bond issue worth about PLN 50 million in Q4. The company will try to use the rest of the public bond issue program in Q1 2019, Deputy CEO Maciej Drozd said. The developer may still raise additional PLN 300 million within the PLN 400 million program, which lasts until A...

Locked content Mirbud with PLN 900 mln order backlog for 2019-2020

WSE-listed builder Mirbud’s order backlog is worth about PLN 900 million for 2019-2020 and around PLN 200 million are still left in 2018, the company said. “Bearing in mind the possible further increase in the prices of materials and general construction services in 2019-2020, we try to ...

Locked content Elektrotim focuses on margin for 2019-2022

Elektrotim’s strategy for 2019-2022 presents an increase in the achieved margin over a significant increase in revenue, CEO Andrzej Diakun notified. He informed that the strategy assumes operating profitability above 7 percent, 15 percent ROE and market valuation of PLN 250 million. On Novembe...

Locked content Podlasie: PLN 80 mln from EU on buildings energy modernization

PLN 80 million from the EU from the Regional Operational Program of the Podlaskie Voivodship is dedicated to the energy modernization of public utility buildings and municipal buildings. Until the end of 2018, applications for subsidies may be submitted to the Marshal’s Office in Białystok. Va...

Locked content LOT wins tender for Vilnius-London flights

LOT Polish Airlines won a tender for air operators to service flights from Vilnius to London City, Transport Minister Rokas Masiulis announced on Saturday. Economy Minister Virginijus Sinkeviczius added that the contract will be concluded for a five-year period. Currently, Vilnius is one of the few ...

Locked content PepsiCo plans to increase cooperation with farmers

PepsiCo in Poland plans to increase the number of cooperating farms by 30 percent until 2025 and significant investments in the development of new potato varieties from Polish seed companies – the company said. Over the past quarter-century, when PepsiCo has been implementing its agrarian prog...

Locked content JSW Q3 net profit of PLN 347 mln below expectations

WSE-listed coal producer Jastrzębska Spółka Węglowa (JSW) reported PLN 347 million net profit in Q3, down by 3.7 percent y/y, and 3.3 percent below the market consensus. Operational profit came in at PLN 456.7 million, down by 1.5 percent while EBITDA stood at PLN 641.1 million, versus PLN 670.1 mil...