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 (...

Locked content Biedronka with 8.4% LfL sales growth in Q1 2017

Retail chain Biedronka, owned by Portuguese Jeronimo Martins, had a 8.4 increase in like-for-like sales in Q1 2017, Jeronimo Martins said in a market filing. Sales in PLN increased by 9.7 percent y/y and reached €2.53 billion. “Consumer environment remained favorable, benefiting from family subsidie...

Locked content Polish judges protest against judiciary reforms

Judges in Poland on Thursday stopped the proceedings for 30 minutes in protest against planned reforms to the judiciary system. Since, according to Polish law, judges are not allowed to strike, the judges went on a break during which they’ve discussed the proposed changes to the system. The pr...

Locked content NIK: Polish companies lost PLN 2.1 bln on forex market

According to data released by Poland’s Supreme Audit Office, between 2012-2016, Polish companies lost PLN 2.1 billion on the forex market. To prevent such losses in the future, NIK recommends banning advertisement of such companies and putting the currency exchange websites under the supervisi...

Locked content Solaris sells 40 buses to the Netherlands

Polish bus and tram producer Solaris signed its first contract in the Netherlands. The company has sold 40 of its Solaris Urbino buses to Connexxion firm, Solaris said in a press release. “The fact that we were able to enter the very isolated Dutch market is a big achievement for us. We can assure R...

Locked content WSE sees 3-4 large debuts this year

The Warsaw Stock Exchange could see another 3 to 4 larger IPOs in 2017, the bourse supervisory board member Jarosław Grzywiński said following the Wednesday debut of grocery retailer Dino. According to Grzywiński there are several offers worth “PLN hundred million and more” in the pipeline and are b...