Locked content FlixBus with over 4 mln passengers in 2018

By the end of November FlixBus carried 4 million passengers, and in December it expects to transport 500,000 more, Puls Biznesu reported. Next year the company plans to double the connections to reach 120 routes, which connect over 200 cities, and to increase the number of buses by 50 percent. In 20...

Locked content TXM plans to close 20 stores

Clothing company TXM plans to close 20 of the most unprofitable stores, CEO of the parent company Redan Bogusz Kruszyński said during the conference. During the last 12 months, 66 Textilmarket stores generated losses of PLN 4 million, Kruszyński, who is also acting CEO of TXM, added. He specified th...

Poland is among EU countries with lowest health expenses

Poland recorded one of the lowest levels of health care expenses in the European Union – €700 per person in 2017. The country is on the 26th place or the third from the end in EU, according to data published by Eurostat. In three EU member states – Luxembourg, Denmark, and Sweden –...

Locked content Getin Holding Q3 net profit down at PLN 13.9 mln

Getin Holding recorded Q3 consolidated net profit of PLN 13.9 million versus PLN 88.2 million y/y. The Group’s foreign operations were the main driver of growth, the company said. Net interest income grew to PLN 247.08 million from PLN 238.06 million in Q3 2017. Net fee and commission income d...

Poland chooses coal makers as sponsors for climate talks

Poland named the EU’s major coal producer Jastrzębska Spółka Węglowa (JSW) the first official partner of UN’s COP 24 global climate summit. “We hope that our participation in the summit will contribute to the promotion of JSW as an environment-friendly leader of the mining industry...

Locked content PGE wants to buy remaining shares in PGE EJ1

Polska Grupa Energetyczna (PGE) expressed preliminary interest in buying all remaining shares in PGE EJ1, the company said. Currently, PGE holds 70 percent stake in PGE EJ1. The other shareholders are Enea, KGHM Polska Miedź and Tauron Polska Energa, who hold 10 percent each. PGE EJ1 is responsible ...

Locked content Veturilo ends bike rental season in Warsaw

On November 30, the seventh Veturilo bike rental season will end in Warsaw. City bikes available for rent will be removed from the streets until March next year, City Hall informed. During the season Warsaw citizens rented Veturilo bikes about 5 million times in total. In Konstancin-Jeziorna, Marki,...

Locked content GreenGoo launches carsharing of electric cars in Katowice

At the beginning of December, GreenGoo will launch a car-sharing system for electric cars in Katowice. In the first stage, 13 cars will be offered for rent mainly to students and employees of the University of Silesia. In the next months, the fleet may grow to more than 60 cars. At the same time, th...

Locked content Pengab banking sentiment grows in November

The Pengab Index, which measures conditions in the banking industry, grew by 2.9 points month-on-month to 28.9 points, according to the Monitor Bankowy report issued by Kantar TNS. Last year the indicator stood at 27.3 points. The current indicator grew by 5.2 points m/m to 26 points, while the fore...

Locked content UOKiK imposes fines on GetBack and Vex

Office of Competition and Consumer Protection (UOKiK) imposed fines on debt collectors GetBack and Vex for improper practices related to the recovery of debts. “The proceedings against GetBack debt collection practices began at the end of 2016. Ten practices related to debt collection caused U...