Locked content Play signs infrastructure deal with UPC

WSE-listed telecom Play signed a deal with cable TV operator UPC on cooperation in providing telecommunication services. According to it, Play will act as an infrastructure operator for UPC, which will launch its own mobile services as a virtual operator (MVNO). “The above transaction is in line wit...

Locked content Dino with 500 mln bond program

WSE-listed retail chain Dino will launch a PLN 500 million secured bonds program, the company said in a market filing. “The purpose of the program is to diversify sources of funding and optimize the company’s operating costs. The program does not affect the company’s current assumptions ...
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Poles work 45 hours per week on average – report

The average Pole works 45 hours a week, according to a study conducted by Kantar Millward Brown pollster. The more money they earn, the more hours they put in, as those with salaries over PLN 3,999 work 50 hours per week, while those self-employed “enjoy” a 55 hour-long working week. Those earning b...

Locked content GetBack H1 profit soars

WSE-listed debt collector GetBack recorded PLN 111.62 million net profit in H1, up by 50.5 percent y/y. EBIT stood at PLN 156 million, a 74.6 percent y/y growth. Revenues amounted to PLN 337.59 million, up by an impressive 111 percent y/y. “We consider that the first half of 2017 was another good ti...

Treasury debt inches down in July

The debt of the State Treasury of Poland dropped in July by PLN 5.76 billion (0.6 percent decrease m/m), to PLN 939.93 billion, the Ministry of Finance said. Moreover, according to preliminary data, the debt at end-August dropped by another 0.4 percent (PLN 3.4 billion)

Tax revenues up by 15.5% at end-Augist – FinMin

During the first eight months of the year, Polish treasury received PLN 208.89 billion in tax revenue, up by 15.5 percent y/y. This amount represents 69.4 percent of the annual plan, the finance ministry informed. The revenue from VAT increased by 23.5 percent y/y, while the CIT and PIT taxes revenu...

Locked content EY: 107 M&A deals in H1 in Poland

According to EY consultancy, there were 107 merger and acquisition deals in Poland in the first six months of the year. In the CEE and South-Eastern Europe region, there were 473 such deals, down by 27.8 percent less y/y. In Poland, one of the reasons for the lower transaction volume could be reduce...