Locked content Volkswagen to manufacture e-Crafter in Poland

Volkswagen confirmed its plans to manufacture its new e-Crafter electric utility vehicles at its Września factory. “At this stage of the project, the design of the vehicle will be finalized in Hannover. In the next stage, production will be transferred to Wrzeńia,” VW spokeswoman Dagmara Prystacka s...

OFE with the average 1-year return rate at 17.56%

Private pension funds OFE achieved 17.56 percent weighted average rate of return in the one-year period ending March 31, 2017, financial market regulator KNF said. The best performer was MetLife OFE with 19.51 percent return rate, followed by Pekao OFE (19.36 percent) and PKO BP Bankowy OFE (18.80 p...

Locked content AIIB to co-finance central airport?

According to one of the directors of the Asian Infrastructure Investment Bank, Yee Ean Pang, the bank could take part in financing the Polish Central Airport, which the current Law and Justice (PiS) government plans to build. The facility could secure financing if it would promote interconnetvity be...

Locked content EU orders Poland to stop lodging in Białowieża

The European Commission warned Poland that if it continues to lodge the protected Białoweża forests it will take it to court. Under the new Polish law it is allowed for state-owned company which manages Polish forests to lodge in the Białowieża, which was previously prohibited. Poland hopes to tripl...

Locked content 52 mln mobile phone numbers in Poland – GUS

According to data released by Poland’s Central Statistics Office GUS, at end-March, there were 52 million mobile phone users, representing 8.2 percent increase y/y. The figure includes both prepaid numbers (19.2 million) as well as ones with long term contracts (32.8 million). The number of long ter...

Locked content PKN Orlen posts PLN 1.92 bln attrib. net profit in Q1

WSE-listed fuel giant PKN Orlen had with a PLN 1.92 billion attributable net profit in Q1, up from PLN 337 million y/y. EBIDTA amounted to PLN 2.84 billion, compared to PLN 1 billion the year before. Revenue stood at PLN 2.27 billion compared to PLN 478 million result in Q1 last year. EBITDA earning...

Locked content Polish insurers with 25% increase in net profits in 2017 – KNF

According to the financial market regulator KNF data, Polish insurers will sport a 25.8 percent increase in net profits this year to PLN 5.25 billion. KNF made the calculations based on forecasts provided by insurers themselves. The property and casualty sector should grow by an impressive 324.94 pe...

Locked content mBank posts PLN 218.8 mln attrib. net profit in Q1

WSE-listed mBank posted an attributable net profit of PLN 218.8 million in Q1, down by 25.2 percent q/q, and 2.9 percent below the market expectations. Net interest earnings amounted to PLN 749 million, down by 0.6 percent q/q, with interest revenues down by 2 percent, and costs declining by 6.6 per...

Locked content FinMin: 8.5 mln Poles filed their taxes online

As many as 8.57 million Poles have filed their annual personal income tax declarations online, the Finance Ministry said. Compared to last year, that figure is higher by nearly a million. Overall, last year some 8.4 million Poles filed their taxes online, which makes this year’s result a record-high...