Locked content Elemental Holding buys 32% in Evciler Kimya

Elemental Holding signed an agreement to acquire 320 shares in its unit Evciler Kimya Madencilik ve Degerli Metaller Sanayi Ticaret Anonim Şirketi (Evciler Kimya). This equals to 32 percent of share capital. The unit is based in Ankara, Turkey. In 2014  Elemental Holding announced that two condition...

Locked content Livechat Software with PLN 48.3 mln net profit in 2017/2018

Livechat Software reported 2017/2018 consolidated net profit of PLN 48.3 million compared to PLN 42.92 million a year earlier. Operating profit amounted to PLN 61.36 million versus PLN 53.35 million y/y. Revenue stood at PLN 89.43 million versus PLN 76.25 million y/y. The results were driven by subs...

Locked content Mercor May orders up 26% y/y

Producer of fire protection systems Mercor recorded May orders at PLN 32 million versus PLN 25.3 million a year ago. This is a 26 percent growth y/y. In the first two months of financial year 2018/2019 (starting in April and ending in March) the group had 33 percent growth. The orders in  April-May ...

Locked content ZUS: Ukrainians paying social insurance reach 345k in Q1

As many as 345k Ukrainians paid social security ZUS premiums at and-Q1, according to the social security board. It is a 29k q/q increase and 117k y/y growth. Out of that number, 182k Ukrainian nationals were employed with labor-law contracts which is a nearly 20k q/q growth and 65k y/y rise….

Housing construction drops in May – GUS

In May, the number of dwellings in which construction has started dropped y/y by 5.9 percent to 20,536, according to data released by the Central Statistics Office (GUS), year-to-date it grew by 9.3 percent. Moreover, the number of dwellings completed decreased by 12.3 percent y/y to 11,958, while Y...

Employment and wages grow in May – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in companies in May grew by 3.7 percent year-on-year, while the wages grew by 7 percent y/y. In month-to-month terms, employment remained unchanged, while salaries increased by 3 percent. The average sa...

Locked content Polenergia sues Tauron over wind farms canceled deal

WSE-listed power utility Tauron has been sued by Polenergia subsidiaries for PLN 78.9 million in damages in PLN 265.2 million in compensation on potential future losses following termination of long-term contracts for the purchase of power from renewable sources and green certificates, Tauron said i...

Locked content CCC acquires 70% stake in Swiss peer

WSE-listed shoe retailer CCC’s unit NG2 Suisse acquired a 70 percent stake in the second biggest Swiss peer (10 percent market share) Karl Voegele for CHF 10 million. CCC has the call option to acquire the remaining stake in the company….

Locked content Skarbiec plans to takeover Trigon TFI

WSE-listed asset management fund Skarbiec Holding has been negotiating with investor fund Trigon TFI shareholders since January  to acquire the controlling stake in the company, Skarbiec said in a market filing. The transaction would convert the existing Skarbiec stake into new shares of Trigon TFI....

Locked content mBank and Orange cancel cooperation deal on banking

WSE-listed bank mBank and telecom operator Orange Polska have decided to finish their 4-year long deal for banking services. Cooperation will end on December 31, 2018. Under the agreement signed back in 2018, mBank offered its financial services to Orange Polska clients under the Orange Finanse bran...