Locked content Ursus with PLN 17.08 mln profit in 2016

WSE-listed tractor producer Ursus, had PLN 17.08 million consolidated net profit in 2016, compared to PLN 7.72 million the year before, while operating loss amounted to PLN 2.64 million, compared to PLN 16.1 million profit in 2015. Revenue from sales dropped to PLN 284.4 million from PLN 324.4 milli...

Locked content ZUS transfers PLN 175.5 mln to OFEs this week

Poland’s Social Insurance Board (ZUS) transferred PLN 175.5 million to the open pension funds (OFE) In March transfers have so far amounted to PLN 296.6 million and in 2017 transfers have reached PLN 734.1 million. Last year, ZUS transferred PLN 2.88 billion to OFEs. Poland has been transferri...
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NIK: 80% of forex traders lost money

As many as 80 percent of Forex traders have lost their money, Poland’s Supreme Audit Office (NIK) said. Between 2012-2016, clients of Polish FX trading companies have lost PLN 2.1 billion combined.

Locked content PAIH: exports to Iran increased fivefold since embargo ended

After trade sanctions against Iran were lifted last year, the value of Polish exports increased fivefold, while imports grew six times, Tomasz Pisula, president of the Polish Investment and Trade Agency (PAIH) said. According to the Central Statistical Office (GUS) data, in 2015, Poland exported goo...
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World Bank praises Poland’s economic growth

According to the report on Poland, published by the World Bank, Polish economy has accomplished great things over the last twenty-something years. World Bank praised Poland for continuous growth since the fall of communism, averaging 4 percent average GDP growth per annum and moving from middle to h...

Locked content Rafako profit down

WSE-listed heavy machinery producer Rafako had PLN 10.51 million consolidated net profit in 2016, down from PLN 34.07 million in 2015. EBIT was at PLN 24.7 million (down from PLN 40.72 million), while revenue from sales amounted to PLN 1.87 billion, up from PLN 1.55 billion in 2015. Rafako will “wor...

Locked content Poland advances in the World Happiness Report

Poland has advanced by 11 positions in the latest World Happiness Report published by the UN. Warsaw took the 46th place, up from last year’s 57th. Norway took the first spot, overtaking Denmark, Iceland and Switzerland. Poland is ahead of such countries as Italy (48th place) or Japan (51st). ...

Locked content EBRD considers buying 5-10% of Dino shares in the upcoming IPO

The European Bank for Reconstruction and Development (EBRD) may buy a 5-10 percent stake in retailer Dino in the ongoing IPO, company wrote in its prospectus. “Dino has obliged to make every effort to ensure that the share of the EBRD to be acquired in the offer amount to no less than 7.5 percent an...

Locked content Macierewicz accuses Tusk of diplomatic treason

Poland’s defense minister Antoni Macierewicz filed a motion with the prosecutor’s office accusing the European Council President Donald Tusk of “abuse of trust in foreign relations.” Charges stem from the 2010 Smoleńsk plane crash, which took lives of President Lech Kaczyński and 95 othe...

Locked content Work Service with several foreign acquisitions on the horizon

Exact Systems, a subsidiary of WSE-listed Work Service has signed term sheet addendum regarding acquiring shares in outsourcing companies in France, Romania, Morocco and Turkey, the company said in a market filing.The preliminary takeover deals are expected to be signed by May 31. Exact plans to buy...