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...

Locked content Domestic terrorist sentence cut

A court of appeal reduced the sentence for would-be terrorist Brunon Kwiecień from 13 to nine years in jail. His defense lawyers argued that the initial sentence was too severe and he should face re-trial, asking for the verdict to be repealed. Appeal judge refuted the claims, but reduced the senten...
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Tusk testifies in counter-intelligence case. Calls it a witch-hunt

The European Council President Donald Tusk testified for the Polish prosecution as a witness in the case of two intelligence officials accused of improper dealings with Russia on Wednesday. The investigation is to establish if the two officials had all the necessary approvals, to establish cooperati...