Locked content ABC Data reports sales down in December

IT hardware and consumer electronics distributor ABC Data reported in a press release on Monday that its consolidated sales in December were PLN 535 million. This was a decrease from PLN 578 million in November. However, it also reported that its overall sales, y/y, had improved in 2016. During the ...

Locked content Wizz Air sees large increase in business in Poland

Budget airline Wizz Air increased the number of passengers on its routes flying to and from Poland by 13 percent, y/y, the airline stated in a press release over the weekend. During 2016, Wizz transported just under 7 million passengers, on 146 international routes. In 2015 the airline had 5.8 milli...

Locked content Municipal governments record surpluses in 2016 – Finance Ministry

According to Poland’s Ministry of Finance, the budgets of Poland’s local governments were set to end 2016 with a collective surplus. After 11 months of the year, they were PLN 19.1 billion in the black,  a Ministry press release said on Thursday. In comparison with 2015, consolidated revenues increa...

Locked content Wrocław’s international airport has a record year

Fueled by growing demand for flights to southern vacation destinations and new routes, Wrocław-Strachowice International Airport handled a new record number of passengers in 2016. Its terminal saw over 2.4 million passengers pass through, the president of the airport, Dariusz Kuś, indicated in a sta...

Locked content Poland opens consulate in Northern Ireland

With about 30,000 Polish nationals living in Northern Ireland, the Polish government has decided to open a consulate in Belfast this year. It will provide full diplomatic service to Poles living in the UK territory, the Irish News reported on Thursday. Witold Waszczykowski, the Polish Foreign Minist...

Locked content Coccodrillo has a lucrative December

Coccodrillo, the showcase brand of children’s clothing manufacturer and distributor CDRL, increased it revenues by PLN 13 million in December, according to a press release from the company on Thursday. The company attributed its growth in sales partly to increased use by customers of its e-shopping ...

Locked content First debut on the New Connect to take place this Thursday

The fund and assets management company, Money Makers TFI, will begin trading on the NewConnect market of the WSE on Thursday, January 5, the Warsaw Stock Exchange announced in a statement on Wednesday. The debut will precede the sale of 104,500 series-G shares, which will be priced at PLN 1.5 each. ...

Poland looks to continued EU funding through 2020

Poland will continue to be a net benefactor of transfer funds from Brussels through 2020, but inflows will likely dissipate over the remaining three-plus years of the operational and infrastructural funding program, according to investment experts who participated in a debate at the Warsaw Enterpris...