Locked content Factoring firms with 21% PLN 41.4 bln turnover in Q1

Polish factoring firms enjoyed a 21 percent increase of turnover to PLN 41.1 billion in Q1, factoring lobby PZF announced. “The Polish factoring market has been increasingly growing for eight years now. Our strength is our efficiency in solving disputes, which in turn increases companies financial l...

Locked content Play mulling IPO

Telecom operator P4, which owns Play, said that it considers IPO plans in a statement send to the Luxembourg Stock Exchange. “After 10 years of developing Play into a leading Polish mobile operator, the shareholders and management of Play are reviewing the best options to set the company up for its ...

Locked content Deloitte: 71% of Polish managers plan to cut costs

In the next 24 months, as many as 71 percent of Polish managers plan to reduce operating costs, according to the report compiled by consultancy Deloitte, while 57 percent plan to intensify ongoing cost optimization programs. “Despite 86 percent of Polish entrepreneurs expecting their revenue to incr...

Locked content PiS doubles its lead over PO in the latest poll

According to a poll conducted by Kantar Public, Law and Justice (PiS) enjoys 38 percent support, while Civic Platform (PO) has 19 percent support. Other groupings that would surpass the 5 percent threshold necessary to get into the parliament are Kukiz’15 (11 percent) and Nowoczesna (5 percent)̷...

Locked content Tauron and Azoty plan coal gasification project worth €400-600 mln

State owned chemical group Azoty and power utility Tauron plan to develop a coal gasification project worth €400-600 million by 2019-20, companies said in a market filing. “The estimated value of the project will depend on the technology picked,” the companies said announcing that they signed a lett...

Locked content LNG terminal capacity to be increased to 7.5 bcm

Gas transit operator Gaz-System announced that it will expand the LNG terminal in Świnoujście to 7.5 billion cubic meters (bcm) capacity, from the current 5 bcm. The expansion plans include building a new storage container as well as the railway platform, which will allow to transport LNG by train. ...

Locked content FX spread bill to be ready by summer

Polish parliament should complete the work on the FX mortgages bill by summer holidays, the Sejm public finance commission head Jacek Sasin said. The commission will pick the bill from three proposals at the next sitting and continue to work on that project. The drafts include the one put forward by...

Locked content Waszczykowski meets with Tillerson, discusses visas and Smoleńsk

Polish Foreign Minister Witold Waszczykowski discussed visas for Polish nationals during a meeting with US Secretary of State Rex Tillerson in Washington. “The introduction of the Visa Waiver Program would go a long way towards developing this economic cooperation,” Waszczykowski said. Polish foreig...

Locked content AmRest with PLN 1.15 bln revenues in Q1 – prelim. results

WSE-listed restaurant operator AmRest had a 33.7 percent y/y increase in Q1 revenues to PLN 1.147 billion, according to the company’s preliminary financial results. In local currencies, the revenues increased by 30.6 percent. “Q1 sales were boosted by taking over Starbucks (May 2016) and KFC (...