IMF raises its GDP growth forecast for Poland

The International Monetary Fund has increased its forecast for Poland’s GDP growth by 0.4 percentage points to 3.8 percent for 2017. Next year the growth will slow down to 3.3 percent (from 3.2 percent previously forecasted).

Locked content PCC Rokita to expand its facility for PLN 250 mln

WSE-listed chemicals firm PCC Rokita will expand its existing plant in Brzeg Dolny in an investment pledge worth PLN 250 million, the company said in a market filing. The facility is situated in the Wałbrzych Special Economic Zone, and PCC Rokita secured the necessary permissions for the investment....

Locked content Poles less keen on switching jobs – report

The latest labor market index, compiled by HR consultancy Randstad, which tracks the openness of workers to change jobs, dropped from 109 points to 106 points in Q3. At the same time, employees are less concerned about losing their jobs. The study also shows that the percentage of respondents who th...

Locked content Kruk spent PLN 2.6 bln on debt portfolios in Q3

WSE-listed debt collector Kruk spent PLN 2.63 billion in Q3 on acquiring debt portfolios, the company said in a market filing. The figure is 34 percent higher y/y. In the same period, the company’s CAPEX amounted to PLN 261 million, up by 27 percent y/y. The bulk of portfolios were acquired in Polan...

Locked content Budimex with PLN 211.25 mln deal for S7 road

WSE-listed construction firm Budimex signed a PLN 211.25 million net deal with the General Director for National Roads and Motorways GDDKiA for building a section of S7 expressway, the company said in a market filing. The section will connect the hub in Skarżysko-Kamienna with the border of Mazowiec...

Locked content Ursus with PLN 96 mln electronic bus deal

WSE-listed bus and tractor producer Ursus signed a PLN 96.5 million deal for the supply of 47 electronic buses to the city of Zielona Góra, the company said in a market filing. The buses are to be delivered next year. The deal is part of the PLN 209 million city program for the low emission…

Locked content Famur with PLN 62 mln deal with PG Silesia

WSE-listed mining machinery producer Famur signed a PLN 62.6 million contract with coal miner PG Silesia for the delivery of a long-wall system, Famur said in a market filing. The system is to be completed by end-Q2 2018. “This is the third long-wall complex for the PG Silesia delivered by Famur in ...

Locked content Intercars with PLN 453 mln sales in September

WSE-listed automotive parts dealer Intercars had PLN 453 million in sales revenue in September, which is a 13.6 percent y/y increase. The results include a 19.9 percent growth in foreign sales and 14.4 percent increase in domestic revenue. Domestic sales were worth PLN 322.4 million. Year-to-date, I...

Locked content Navimor Invest files for bankruptcy

Listed on the small-cap, alternative market NewConnect Marine and inland constructor Navimor Invest filed a simplified bankruptcy motion to the District Court in Gdańsk. The company deals with hydrotechnical construction (eg weir chambers, harbor docks, yacht ports and water stalls, flood protection...

Locked content ZBP wants restructuring for FX mortgages granted before ’09, and...

Banking lobby ZBP wants FX mortgage restructuring to apply only to loans granted before 2009 and proposes that clients would co-finance the restructuring process. Moreover, it proposes that such costs would reduce the lenders’ tax base. ZBP claims that the presidential FX-denominated mortgage relief...