Locked content Rafako expects PLN 12 mln savings in 2018

Rafako expects that employment reduction will bring PLN 12 million in savings in 2018 – the company said in a statement. The total value of savings resulting from the layoffs is to amount to about PLN 15 million by the end of 2018. In September 2017, Rafako said, after consultation with the tr...

Locked content Szczecin introduces electric charging stations

The first three electric vehicle charging stations have appeared in Szczecin. The new EV charging stations will be available both for the cars belonging to the municipal fleet as well as other electric vehicles. Initially, the stations will be accessible free of charge. In return, their users will b...

Locked content Ciech buys Spanish Proplan for €44.6 mln

WSE-listed chemicals group Ciech has bought 100 percent stake in the Spanish Proplan Plant Protection Company. The deal value is €44.6 million. €4.5 million will be paid in equal installments during the period of 2019-2022. The current agreement to buy all Proplan shares replaced the previous agreem...

Locked content PKP Intercity with 21.4 mln passengers in H1

State-owned passenger railway carrier PKP Intercity recorded 21.4 million passengers in the first half of 2018, up by 5.5 percent in comparison to the same period last year. “We hope that 2018 will turn out again as the year of the railway and we will finish it again with over 40 million passe...

Locked content Poczta Polska: H1 book and paper sales up by 24%

During H1 2018 postal operator Poczta Polska sold more than 12 million newspapers and above 1.5 million books in its postal offices around Poland, the company said in a statement on Thursday.  This gives an increase in revenue from commercial activities in the book and newspaper sales segment by 24 ...

Locked content Mostostal Warszawa in consortium wins PLN 77.9 mln deal

WSE-listed builder Mostostal Warszawa in consortium with Masfalt and Drogomex signed an agreement with the General Directorate for National Roads and Motorways (GDDKiA). The deal is worth PLN 77.9 million gross. Mostostal Warszawa share amounts to 71 percent. Under the agreement, the works for const...

Locked content June crude steel production down by 1.6% y/y

The production of crude steel in Poland in June 2018 amounted to 840,000 tonnes, which means a decrease of 1.6 percent year-on-year, according to the results gathered from data of the World Steel Association. In H1 the production amounted to 5.2 million tonnes, which is 1.9 percent more in compariso...

Locked content Nano Games hopes to debut on NewConnect in mid-2019

Game development studio Nano Games hopes to debut on NewConnect at the turn of Q2 and Q3 2019. “An issue of shares for financing the construction of an R&D center, the development of a gaming and professional line (simulators) and the creation of new brands will precede the debut,” t...

Locked content Grupa Azoty enters 2nd credit agreement with EBRD

Chemical and fertilizer producer Grupa Azoty and European Bank for Reconstruction and Development (EBRD) signed a new long-term loan agreement and an annex to the long-term loan agreement from May 28, 2015, the company said. The second credit agreement with EBRD is for up to PLN 500 million and for ...

Housing loans to reach PLN 56 bln in 2018 – BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 6.1 percent y/y in June. Banks granted 19,500 new housing loans in June at the total amount of PLN 4.93 billion (which is up by 15.7 percent y/y in terms of value).