Locked content Solaris to deliver 21 electric buses to Poznań

Bus producer Solaris signed a contract for delivery of 21 electric buses to Poznań. The order consists of 15 articulated buses and six buses of standard length. These are the first electric buses ordered by Poznań. The contract value is over PLN 70 million. All buses should be delivered by the end o...

Locked content 77% of Poles heard about so-called KNF scandal – CBOS

The vast majority of Poles – 77 percent – have heard about the so-called KNF scandal, according to a survey by pollster CBOS. Half of them think that state institutions did not react quickly enough to the scandal. 47 percent expect that the state authorities will try to cover up the matt...

Locked content November inflation at 1.3%, flat m/m – GUS

Poland’s inflation rate stood at 1.3 percent y/y in November, Central Statistical Office (GUS) reported. The growth of consumer goods and service prices was flat compared to October. Earlier, GUS reported in a flash estimate that November inflation stood at 1.2 percent y/y and unchanged m/m. E...

Locked content BIEC: economic sentiment falls in December

The leading indicator of economic sentiment (WWK) in Poland estimated by the Bureau for Investments and Economic Cycles (BIEC) fell by 0.3 points monthly. “It was the fourth consecutive decline, and in the last two months the decline was so significant that slight decrease in the CPI price ind...

Locked content Mercor November orders up by 10% y/y

Producer of fire protection systems Mercor received orders for about PLN 28.1 million in November, registering a growth of 10 percent y/y. In the June-November period, Mercor orders amounted to about PLN 202 million versus PLN 180.9 million in the same period a year ago. This is a 12 percent increas...

TVP is interested in buying Showmax

Telewizja Polska (TVP) is interested in buying Showmax service, which is expected to withdraw from Poland by the end of January 2019, Maciej Stanecki, a member of TVP board told Wirtualnemedia.pl. He specified that Showmax could complement VoD TVP platform. “There were already first contacts a...

Locked content KNF: banking sector net profit up 8.7% y/y in Jan.-Oct.

Poland’s banking sector net profit in January-October amounted to PLN 12.7 billion, an increase of 8.7 percent y/y, Polish Financial Supervision Authority (KNF) reported. Net interest income increased to PLN 38.12 billion compared to PLN 35.22 billion in January-October 2017. Commissions income decr...

13.5 mln visitors came to Kraków in 2018

13.5 million people visited Kraków in 2018, according to Malopolska Tourist Organization. This is an increase of 600,000 compared to the previous year. During their stay, the guests spent a total of PLN 6.45 billion. The city registered 10.4 million domestic tourists and 3.1 million foreigners this ...

Locked content EU extends sanctions against Russia

On Thursday European Union leaders agreed to prolong economic sanctions against Russia. The measures targeting Russia’s economy were due to expire next month. However, their extension depends on whether EU considers that Russia is respecting the Minsk peace agreement sealed in 2015. “EU unanimously ...

Locked content Getin Noble Bank wants to find financial investor

The board of Getin Noble Bank decided to start looking for an investor, who would recapitalize the bank, Getin Noble said in a statement. It may be that the merger with Idea Bank will occur before the investor is acquired. In this case, the recapitalization would be provided for the new entity. Invi...