Locked content Another ASF outbreak in Mazowieckie

Veterinary services discovered another 109th outbreak of the African Swine Fever virus in Nasielsk, Mazowieckie voivodship. It contained 28 animals. It is the fifth outbreak reported in 2018, the Chief Veterinary Doctor informed. This outbreak is the westernmost case of the ASF in Poland, however st...

25k payment terminals installed in Cashless Poland Program

Over the first four months of the Cashless Poland Program 25,000 payment terminals were installed in 4,000 towns across the country, the Cashless Poland Foundation (FPB) informed. Nearly a third (32.2 percent) of businesses which installed terminals were non-food stores (footwear, clothes, electroni...

82% of households own computers

Nearly 82 percent of households had at least one computer in 2017, a 1.7 percentage point increase compared to 2016 and 4.7 pp up from the figure in 2014, statistics office GUS stated. As many as 78 percent of households has access to broadband internet connection, which is 1.9 pp more than a year e...

Locked content JSW with PLN 754 mln profit in Q1

Coal producer JSW reported PLN 753.9 million net profit in Q1 2018, compared to PLN 864.9 million in the corresponding period of last year. Operational profit came in at PLN 951.9 million, while EBITDA at PLN 1.136 billion, versus PLN 1.24 billion a year earlier. JSW’s revenue stood at PLN 2.51 bill...

Locked content Lubella completes PLN 130 mln investment

Pasta producer Lubella has completed its new production complex with an automated logistics center in Lublin. The value of the investment was PLN 130 million. The new complex has created 60 workplaces. Lublin city mayor Krzysztof Żuk stressed that Lubella is one of the most modern companies in Europ...

Locked content LPP sees 2018 capex at PLN 520 mln

WSE-listed fashion retailer LPP plans increasing capex by 18 percent in 2018 to PLN 520 million. The company also plans to expand the area of the stores by 11 percent. “Our goal is to gradually increase the average area of stores of all brands to make room for more and more extensive collectio...

Locked content MPiT proposes a new company format

The Ministry of Enterprise and Technology (MPiT) proposes the introduction of a new format of establishing a company – a simple joint-stock company. A simple joint-stock company should be a modern private company adapted to the contemporary economy. It is supposed to combine the limited liabil...

Bank BGŻ BNP Paribas targets ROE at more than 10%

WSE-listed lender BGŻ BNP Paribas approved the new strategy for 2018-2022.  The bank plans to have the growth rate of banking activities faster than the market. BGŻ targets ROE above 10 percent and C/I ratio at around 50 percent.

Locked content Getin Noble Bank Q1 net loss narrows to PLN 47.7 mln

WSE-listed Getin Noble Bank recorded Q1 consolidated net loss of PLN 47.7 million compared to PLN 96.6 million a year ago. Net interest income amounted to PLN 296.9 million versus PLN 328.8 million in Q1 2017. Tier 1 capital ratio at the end of March was 9.4 percent. The bank reported a 2.4 percent ...

Locked content Sales in small stores up 2.4% in April

Sales in small-format store in Poland increased by 2.4 percent y/y. On monthly basis, a decline of 4.7 percent was registered, a market research company CMR said. A month-on-month decline is caused by Easter, which was celebrated in the beginning of April. Therefore, there was an increase in sales i...