Locked content PKN Orlen heads Coface ranking

PKN Orlen has ranked first in the Coface CEE region ranking, the insurer reported. PKN earned top spot after surpassing two Hungarian companies – GE Hungary and MOL. Two other Polish companies ranked in the top ten: Jeronimo Martins Polska (4th) and PGNiG (5th). “Most companies from the region...

Locked content EC1 planetarium in Łódź wins Poland’s “7 wonders” co...

The EC1 planetarium, located at ul. Targowa 1/3, has won the “7 new wonders of Poland” competition,  organised annually by the National Geographic Traveler journal. The institution received 18.09 percent of the votes, indicating a very close rivalry amongst participants. “We are ha...

Locked content Orbis Group to build new hotel in Warsaw

Orbis group is to build a new Ibis hotel in Warsaw. The investment, located on ul. Prądzyńskiego in the Wola district, will be placed vis-a-vis the Expo XXI. The hotel will be offer 120 rooms, four conference rooms, and a restaurant. It will be included into the Orbis group in 2018. The new Ibis wil...

Locked content Comarch posts lower profit

Comarch has posted a smaller profit than last year – PLN 5.58 million in Q2. Last year’s Q2 profit stood at PLN 17.01 million, whereas revenues were at PLN 259.11 million, PLN 14 million more than this years’ results. Comarch has made deals with Telefonica, one of the biggest mobile oper...

Locked content FinMin issues bonds for nearly PLN 7 billion

The Ministry of Finance has today sold wholesale bonds from three packs, which mature in 2018, 2022 and 2026. Their value amounted to PLN 6.988 billion with demand exceeding PLN 10.704 billion. The interest on these bonds ranges from 1.647 percent to 2.791 percent, respective to their later maturity...

Locked content Getin Noble Bank’s profit down 98 % y/y

Net profit of the Getin Noble Bank group for Q2 fell to PLN 1.1 million, from PLN 70 million last year. The result was lower than the markets’ expectations ( PLN 12.9 million ). Net profit in Q2  was down by 98 percent, whereas in Q1 a PLN 18 million loss was posted. The results…
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Locked content Sales tax comes into force

As of September 1 the new sales tax law enters into force. The government says the predicted income for the treasury will reach PLN 1.6 billion next year. As FinMin Paweł Szałamacha wrote in the draft budget for 2017, the amount is at a “safe” level and predicted with a “conservati...

Locked content CEE region’s private equity investment state

Private equity investment into Central and Eastern European companies is at its highest amount since 2009. The total investment amount increased 25 percent year-on-year to €1.6 billion, with the number of companies backed matching the record level seen in 2014. The figures are taken from Invest Euro...

Locked content Unemployment at 20-year low

Unemployment in July in Poland stood at a record low 6.1 percent , the lowest value in the 20-year history of the survey, Eurostat reported.  Romania posted the same result. According to the Main Statistics Office (GUS), the number was 8.6 percent for Poland. The two countries posted results slightl...

Locked content J.W. Construction posts higher profit

J.W. Construction Holding reported a profit of PLN 26.1 million in H1 2016, more than five fold in excess of last year’s PLN 5.1 million. The company recently posted plans for expansion and of a portfolio diversification. J.W. Construction plans to sell 1,500-2,000 units by the end of the year...