Elon Musk agrees to resign as Tesla’s Chairman

Tesla’s CEO Elon Musk agreed to step down as the automaker’s Chairman in a settlement with the US Securities and Exchange Commission (SEC). Musk needs to pay a $20 million fine. However, he is still allowed to remain in the position of Tesla’s CEO. Musk doesn’t have to admit or den...

Locked content EU will co-finance four Polish food promotion programs

The European Commission (EC) has accepted four Polish programs promoting food, the Agriculture Department said on Thursday. Their total budget amounts to €11.2 million. EU will co-finance over €8.5 million. Meat, fruit, and vegetables will be promoted. The EC accepted 58 programs with a budget of ov...

Locked content Braster sold 100 Braster devices for Benefit Systems

Braster sold 100 Braster devices and 100 test packages containing 12 tests, in cooperation with Benefit Systems, Braster said. The sale of the above equipment is part of the development strategy adopted by the company for 2018-2021, according to the statement. Braster is the only company in the worl...

Locked content Lux Med expands in Warmińsko-Mazurskie voivodship

Private healthcare company Lux Med Group acquired a 100 percent stake in Poluk Sp. z o.o. The medical clinic ProfMed in Olsztyn belongs to Poluk, Lux Med informed. For the group, this is another acquisition over the last months. In February this year, the company took over a modern MRI laboratory lo...

Locked content AB Group plans to refinance securities worth PLN 100 mln

One of the largest IT distributors in Europe, AB Group plans to issue a new series of unsecured bonds, within the current bond issue program (PLN 270 million) to refinance the redemption of AB01120819 series bonds with a nominal value of PLN 100 million, the company said. The AB01120819 series bonds...

Fitch sees GDP growth in Poland at 4.8% in 2018

Fitch Ratings predicts the economic growth in Poland will reach 4.8 percent in 2018, and then it will slow down to 3.6 percent in 2019 and even further to 2.9 percent in 2020. The agency also predicts that investment growth will amount to 5.6 percent this year, 2.8 percent in 2019 and 0.6 percent in...

Locked content Tesgas signs 2 deals with Gaz-System at PLN 8.2 mln net

Tesgas signed two agreements with Gaz-System for a total value of PLN 8.2 million net. The contracts were signed for construction works as part of the reconstruction of the DN500 gas pipeline Adamów (Turek) – Nowiny Brdowskie, the company said. Tesgas deals with the construction, operation, de...

Locked content Unified Factory signs deal with Nextbike Polska

Listed on the small-cap, alternative NewConnect market sales software developer Unified Factory has signed an agreement with Nextbike Polska regarding the implementation of the CSA platform, the company said on Friday. “Implementation of the contact center system using multi-channel communicat...

Locked content Government support rises to 44% – Kantar Public

As many as 44 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 2 percentage points m/m, while the number of opponents dropped by 5 percentage points. PM Mat...

Economic climate improves in Q3 – IRG SGH

The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) increased by 6.2 points year-on-year and amounted 3.2 points in Q3. 21.9 percent of the surveyed enterprises considered the general condition of their company as good,...