PGE net profit in H1 2018 at PLN 1.281 bln 

PGE Group net profit attributable to equity holders of the parent company amounted to PLN 1.281 billion in the first half of 2018 compared to PLN 1.497 million profit a year earlier, the company informed in its semi-annual report. The result is in line with previous company estimates.

Balin junction on A4 motorway completed

On August 8 the refurbishment of the Balin junction on the A4 highway between Katowice and Kraków will be completed, said Stalexport Autostrada Małopolska (SAM), which manages the road.

Cormay issues up to 7 mln shares in private offer

The shareholders of PZ Cormay decided on Tuesday to issue up to 7 million series M shares through private subscription excluding pre-emptive rights, the company announced in a statement. The General Assembly also adopted a resolution regarding the issue of up to 3.86 million N series shares to be al...

Sener Polska mechanism to be part of Mars mission

Sener Polska has designed and manufactured one of the key mechanisms of the Mars rover. The “umbilical cord,” or mechanical-electrical connection between the rover and the lander, was created as part of the ExoMars mission, in which Poland participates as a member of the European Space Agency (ESA),...

Poland 9th in global honey production

Poland ranks 9th in terms of global honey production. The country is 8th among global honey importers and at the same time 13th place in the list of exporters of the product. This is according to BGŻ BNP Paribas analysis.

Orange Polska with fiber optic contract

Orange Polska has signed a contract with cable TV operator Inea regarding the use of its fiber-optic network to provide the internet to 40,000 (ultimately 150,000) households, the company said. Orange plans to launch its services on the network of the Poznań operator in the coming weeks.

Exact Systems predicts sales of over 500,000 new cars in 2018

Over 273,000 new passenger cars were sold in Polish salons in the first half of this year, 10.5 percent more than a year ago, according to the European Association of ACEA Vehicle Manufacturers. Exact Systems predicts sales of over 500,000 new cars in 2018 but emphasized the low share of individual ...