Locked content PKP Cargo with EU co-financing for three projects

PKP Cargo has been granted co-financing for three projects under the Operational Program Infrastructure and Environment. The value of the co-financing is about PLN 288.65 million, the company has announced. The first project, “Multi-system locomotives and wagons intended for intermodal transpo...

Locked content Car production in Poland fell by 5.9 percent y/y in Q1-Q3 2018

The number of motor vehicles manufactured in Poland in the first three quarters of 2018 amounted to 496,600, a 5.9 percent decrease on the previous year, according to a report by KPMG in Poland and the Polish Automotive Industry Association (PZPM). The report, entitled “Automotive industry. Ed...

Locked content mBank lending increased by 6.8% y/y

Net loans and advances in the portfolio mBank amounted to PLN 91.31 billion at the end of September 2018, 1.9 percent higher compared to the end of June 2018 and up 6.8 percent y/y, the bank said. The value of gross loans granted to corporate clients increased quarterly to PLN 41,971.6 million, or 3...

Locked content Grupa Lotos with PLN 631.6 mln net profit in 3Q 2018

Lotos Group has recorded PLN 631.6 million in consolidated net profit in the third quarter of 2018 against PLN 618.8 million profit a year earlier, the company said in a report. Operating profit amounted to PLN 886.8 million compared to PLN 756.5 million profit a year earlier. The EBITDA result reac...

Locked content Foreign tourists spent $8.09 billion in Poland in H1, up 14.4% y/y 

In the first half of 2018, foreign tourists spent $8.09 billion in Poland, an increase of 14.4 percent y/y, the Ministry of Sport and Tourism (MSiT) reported. The MSiT estimated that $4.32 billion was expenses of foreign tourists while staying in Poland, which means an increase of 18.7 percent. On t...

Locked content Over PLN 491 mln paid out in compensation to farmers 

More than PLN 491 million has already been paid by the Agency for Restructuring and Modernization of Agriculture (ARiMR) to farmers affected by this year’s drought, ARiMR spokesperson Paweł Mucha said. By October 22, over 238,000 applications had been received for the amount of nearly PLN 1.49...

Locked content Budimex to employ 1,100 people by end of next year 

Budimex wants to employ over 1,100 employees by the end of 2019, the company has announced in a press release. The group intends to pay financial rewards for successful referrals to fill the vacancies. “Anyone, regardless of their place of work, who successfully refers an employee for the posi...

Locked content Almost 600,000 foreigners pay ZUS contributions

The number of foreigners insured by the Social Insurance Institution (ZUS) increased in Poland at the end of the third quarter of 2018 to 596,160 from 422,992 at the end of the third quarter of 2017, ZUS said on Tuesday. At the end of the second quarter, the number of foreigners in the ZUS system am...