Locked content Poles have about PLN 71 bln of debt

Total debt of Poles resulting from, among others, late payments of credits, loans, alimony and utility bills stood at nearly PLN 71 billion, BIG Infomonitor and BIK informed. In H1 2018 the debt grew by about PLN 6.5 billion: by PLN 5.25 billion in Q2 and by PLN 1.24 billion in Q1. In Q2 the…

Grupa Azoty in M&A talks with three companies

Chemicals producer Azoty Group is negotiating acquisition of three foreign companies, deputy CFO Paweł Łapiński said at a press conference. He added that two of the companies were from neighboring countries, including one from Germany.

Value of new mortgage loans grows 18% y/y in Q2

The value of new mortgage loans granted by banks in Q2 2018 increased by 6.4 percent q/q to PLN 13.74 billion, while the number of loans fell by 2.67 percent against the previous quarter to 53,686 loans, a report by Amron-Sarfin stated. Compared to Q2 2017, the value of new mortgage loans grew by ov...

Polish data market worth $21 mln – report

The value of the Polish data market will increase to $21 million at the end of 2018 from $11.9 million a year earlier, according to a report “Global Data Market Size” analyzing 23 key data markets in the world, prepared by OnAudience.com, part of the Cloud Technologies group. Next year, its value co...

15.6% of firms will increase salaries in 2018 – survey

As many as 15.6 percent of companies are planning salary increases in the coming months, 13.4 percentage points less compared to a previous survey conducted earlier this year, but 4.3 points more than in the corresponding period of last year, according to a report by Work Sevice. “The majority of em...

Budget deficit at PLN 0.86 bln at end July – MF

Government budget deficit at the end of July stood at PLN 0.86 billion, i.e. 2.1 percent of the annual plan, the Ministry of Finance estimated. The plan for the whole year is PLN 41.49 billion. At the end of June PLN 9.54 billion surplus was recorded.

About 90% of entrepreneurs don’t get payments on time

The percentage of companies facing the problem of unpaid invoices rose to 16.2 percent  (from 13.5 percent). The number of companies, which don’t experience this problem at all, fell to 11.3 percent from 15.1 percent, according to the research of KRD Economic Information Bureau.  As a result, ...

Arctic Paper plans to sell plant in Mochenwangen in H2

Paper producer Arctic Paper plans to sell the plant in Mochenwangen, Germany in the second half of 2018, CEO Per Skoglund. He confirmed that the company is holding negotiations with a potential buyer. Arctic Paper expects that the funds obtained from the sale will, first of all, cover the liabilitie...

Torpol prelim. H1 net loss at PLN 5.9 mln

Railroad construction company Torpol reported a preliminary consolidated net loss of PLN 5.9 million in H1 versus a loss of PLN 11.2 million y/y. Revenue grew to PLN 545.6 million from PLN 212.9 million in H1 2017.

LiveChat Software with PLN 14.2 mln net profit in Q1

LiveChat Software reported PLN 14.2 million net profit in Q1 2018/2019 versus PLN 11.1 million a year ago. Operating profit amounted to PLN 17.6 million compared to PLN 13.7 million. Revenue grew to PLN 25.5 million from PLN 21.6 million y/y.