Locked content Europe’s top bank grows by a fifth y/y

The consolidated net profits of Banco Santander were €3.4 billion in H1 2015, compared with €2.8 billion a year ago. Interest income amounted to €16.3 billion (€14.4 billion last year). Meanwhile, the results from fees and commissions reached €5.1 billion, up from last year’s H1 result of €4.7...

Locked content Grupa Penta seeking to expand its pharmacy network

BRL-Center Polska (part of Grupa Penta) has applied to the Office of Competition and Consumer Protection (UOKiK) for the takeover of a number of pharmacies in Poland. The watchdog released information regarding Penta’s application. It would encompass the following pharmacy companies: Apteka po...

Locked content Vistula Group sees revenue increase of 16%

The consolidated sales revenue of Vistula Group amounted to PLN 47.5 million in May of the current year and was 16.1 percent higher than a year ago. “Cumulative revenue from sales for January-May 2015 was about PLN 189.4 million and was 16.5 percent higher y/y,” explained a written state...

Locked content Zortrax ahead of pre-IPO

Zortrax has filed the necessary papers with the Financial Supervision Authority and will place a pre-IPO, informed the company’s financial director Tomasz Drosio. “The next step is an entry onto the Warsaw Stock Exchange in 2016.” Zortrax has achieved PLN 7.7 million in Q1 revenues...

Locked content Bogdanka to make cuts due to restructurization

Zbigniew Stopa, president of Lubelski Węgiel Bogdanka, announced in a letter to employees that the company will undergo restructurization due to unfavorable market conditions. Limiting work to five days a week, pay and hiring freeze are just a part of the plan, which also includes searching for new ...

Locked content PKO BP has green light for SKOK Wesoła credit union takeover

According to ISBnews, the Office of Competition and Consumer Protection has allowed the takeover of SKOK Wesoła credit union by PKO Bank Polski. According to the government watchdog, the transaction should not influence competition negatively. SKOK Wesoła operates since 1993 and has 70 branches in 1...

Museum Night 2015

On May 16th, the City of Warsaw will spend the night in museums, cultural institutions and out in the street. In 2014, a quarter million visitors came to Warsaw’s museums. This year almost all institutions will remain open throughout the night: the National Museum, the Royal Castle, Frederic C...

Locked content Ursus granted homologation for electric bus

Ursus’ Ekovolt electric bus is to serve the city of Lublin. The company was granted a European homologation certificate for the vehicle, reported ISBnews. The certificate will allow the company to sell its electric vehicle in Poland, as well as in other European countries. Cooperation with the...

Poles commemorate fifth anniversary of Smoleńsk crash

Today marks the fifth anniversary of the Smoleńsk catastrophe. A presidential Tu-154 with 96 people on board crashed upon approach to Smoleńsk military airport which was shrouded in thick fog on April 10, 2010. Military and government staff, including President Lech Kaczyński and his wife lost their...