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...

Locked content Ryanair launches new domestic route in summer

Irish low-cost carrier Ryanair announced the launch of new flights between Kraków and Szczecin, starting from summer season 2019. It will be the only airline connection between the two cities. Ryanair will compete with PKP and FlixBus on this route. The trip with any of the two other carriers lasts ...

Locked content Vistal Gdynia has LOI with Stecol on deals in Scandinavia

Vistal Gdynia, in restructuring,  signed a letter of intent (LOI) with Stecol Corporation based in China (PowerChina Group) through the Stecol Corporation branch in Poland, the company said. The companies intend to cooperate in order to acquire new contracts in the field of infrastructural construct...

Locked content Trzaskowski sworn in as Warsaw mayor

Newly-elected Rafał Trzaskowski was sworn in as mayor of Warsaw during his first session of the Warsaw City Council on Thursday. The city’s new councilors took their oaths as well. The Warsaw City Council and the new mayor were elected during the Polish local elections in October. Trzaskowski,...

Locked content Government support rises to 48% – Kantar Public

As many as 48 percent of the respondents believe that the government is doing a good job, while 41 percent think otherwise, according to a poll conducted by Kantar Public. The supporters number increased by 4 percentage points m/m, while the number of opponents dropped by 2 percentage points. PM Mat...

Locked content 57% of Ukrainians want to come to Poland again

57 percent of Ukrainians who have already worked in Poland intend to come to this country once again (5 percentage points less than half a year ago), according to the Personnel Service data. Experts point out, however, that the vast majority of Ukrainians come to Poland as part of the economic migra...

Locked content Poles will spend 6% more on Christmas – Deloitte

The typical Polish family will spend almost PLN 1,168 (€272) on Christmas, 6 percent more than the year before, according to the study “Christmas shopping 2018” carried out by the consulting company Deloitte. “This 6-percent growth is the highest in the analyzed countries. A simila...

Locked content Comarch Q3 net profit up at PLN 18.2 mln

WSE-listed IT firm Comarch had PLN 18.2 million net profit in Q3, above the market expectations for PLN 15.9 million. EBITDA stood at PLN 38.2 million, in line with the consensus of PLN 37.9 million. Q3 revenue grew to PLN 345.3 million, 6.7 percent more than the forecast of analysts surveyed by the...

Locked content Kruk unit signs LOI to buy €247 mln receivables in Spain

Kruk subsidiary, InvestCapital Ltd., Malta, signed a letter of intent (LOI) for conclusion of a contract to buy receivables on the Spanish market for a nominal value of about €247 million (PLN 1.06 billion at the mid-rate quoted by the National Bank of Poland for November 16, 2018) – the compa...