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,...

Locked content Santander Bank Polska issues €500 mln eurobonds

Santander Bank Polska issued eurobonds with a nominal value of €500 million, the bank informed in a statement on Thursday. The bonds will be traded with a fixed coupon of 0.7500 percent paid annually. Santander Bank Polska (then BZ WBK) announced a eurobond program in May, under which the total nomi...

Locked content ING plans to reach 3,500 stores with payment gateway

WSE-listed lender ING Bank Śląski has introduced Internet payments called “imoje” together with late payment by Twisto. It plans to make it available in 3,500 online stores during the period of one and a half year, the bank stated on Wednesday. Along with the payment gateway, ING introdu...

Locked content Zortrax will deliver 3D printers to French Faurecia

3D printer manufacturer Zortrax will deliver 3D printers to the French car equipment manufacturerFaurecia, the company said. The first Zortrax devices were shipped to the French concern already at the end of 2017. Both companies count on the development of cooperation in the coming months, according...

Locked content Comp signs deal worth PLN 56.29 mln

Comp in a consortium with its subsidiary Enigma Systemy Ochrony Informacji signed an agreement worth PLN 56.29 million with the State Treasury – the Information Resource Center (Centrum Zasobów Informatycznych) for the expansion of the cryptographic system – the company said in a press r...

Locked content Forte H1 net profit down at PLN 7.62 mln

Furniture producer Forte had PLN 7.62 million of consolidated net profit attributable to shareholders in H1 2018 against PLN 45.63 million a year earlier, the company reported. H1 EBITDA amounted to PLN 58 million in comparison to PLN 70.48 million a year ago. Revenue reached PLN 553.54 million vers...

Locked content Benefit Systems signs deal with Poczta Polska

Benefit Systems has signed an agreement with Poczta Polska. The group will provide access to sports and recreation services for Poczta Polska employees, their families and accompanying persons, Benefit Systems reported in a statement. The maximum remuneration of the company will amount to PLN 51.1 m...

Locked content Investment funds with PLN 177 mln outflows in August

Investment funds sold shares for PLN 197 million in August, Trigon DM estimated. The outflows of assets from Polish equity funds have been continuing for 18 months in a row. The funds of Polish shares recorded net outflows of PLN 177 million in August. Net outflows concerned both equity funds of the...

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...