Locked content Poland and Norway expel diplomats in a diplomatic row

Norway has notified Polish foreign ministry that it has declared Polish consul Sławomir Kowalski persona non grata and will expel him. Oslo has previously asked Warsaw to recall him, but the Polish government refused to act. To return the favor, Poland has asked Norwegian consul to Poland to leave t...

Locked content Śnieżka to buy Hungarian Poli-Farbe

WSE-listed paint producer Śnieżka signed a deal to acquire 80 percent stake in Hungarian peer Poli-Farbe Vegyipari Kft. from owner Lampo Kft. For PLN 108 million. The deal includes a call option for the remaining 20 percent stake. The final price may grow by maximum PLN 13..5 million depending on th...

Trade deficit reached €5.1 in 2018 – GUS

In 2018, Poland exported €221 billion worth of goods and services (7 percent y/y growth), while imports amounted to €226.1 billion (up by 9.9 percent), according to data from the Central Statistics Office (GUS). This means that the trade deficit reached €5.1 billion. In 2017, Poland had €0.5 billion...

Locked content Budimex CEO expects ‘more difficult’ 2019

Dariusz Blocher, the CEO of WSE-listed builder Budimex said in an interview with TOK FM radio that he expects this year, to be even more difficult than the last for his business. Among the reasons are a 4 percent wage hike planned for this year, and costs of the employer-sponsored pension plan PPK. ...

Locked content Atlanta tender successful. Company will be delisted.

The majority shareholders of WSE-listed dry tropical fruits and nuts importer Atlanta Poland, including Rockfield Holding and Rockfield Jurata acquired 2,468,957 shares in the company through a tender offer at PLN 4.2 apiece. As a result of the transaction, Rockfield Holding controls 57.11 percent o...

Locked content Mostostal Zabrze with PLN 11 mln net profit in 2018

WSE-listed Construction company Mostostal Zabrze recorded PLN 11.08 million of consolidated net profit in 2018, against a PLN 80.39 million net loss in 2018, the company said in a market filing. Operational profit stood at PLN 22.9 million, compared to PLN 76.35 million loss in the previous year. Co...

Locked content PiS grows and PO drops as Wiosna gets included in polls – IBRiS

According to the latest IBRiS poll, conducted for the Rzeczpospolita daily, the ruling Law and Justice (PiS) party would enjoy 37.1 percent support (up by 8.1 percentage points), while Civic Platform (PO) support reached 21.8 percent (down by 5.2 pp). Such huge shifts compared to last month were cau...