Locked content PLN 200 million for science-business projects

The National Centre for Research and Development (NCBiR) has announced another competition for science-business consortia, with the total funds earmarked for the competition at PLN 200 million. Applications will be accepted until July 16. Science Minister Jarosław Gowin statd that this is the last c...

Locked content Konsorcjum Stali with PLN 459 mln revenue in Q1

Konsorcjum Stali, which manufactures steel components for the construction industry, posted preliminary revenue for Q1 2018 at PLN 458.89 million (PLN 102.5 million more than in Q1 2017) and net profit at PLN 11.4 million (PLN 589,000 more than in the corresponding period of last year¬), the company...

Locked content Six poultry producers certified to export to Singapore

Singapore’s veterinary watchdog has issued health certificate for Polish poultry exported to Singapore, the Ministry of Agriculture informed. Six Polish poultry producers have been certified by the Singaporean veterinary services. Poland was officially approved to export poultry to the Asian country...

Locked content New initiative to employ Ukrainians legally inaugurated

A new campaign aimed at ensuring fair and transparent employment for Ukrainian workers called “Partnership and employment” was inaugurated during the Baltic Business Forum in Świnoujście on April 20. Both Polish and Ukrainian employers’ organizations and employment agencies have joined the initiativ...

Locked content Lotos with PLN 632 mln EBITDA for Q1 2018

Fuel giant Grupa Lotos posted preliminary EBITDA for Q1 2018 at PLN 632 million and consolidated operational profit (EBIT) at PLN 450 million. The company’s consolidated EBITDA LIFO excluding one-off items is estimated at PLN 540 million, including PLN 330 million for production and retail and PLN 2...

Gdańsk with record-high transshipment in Q1 2018

The Gdańsk sea port recorded a 43.8 percent increase in transshipment in Q1 2018, compared to the corresponding period of last year. Between January and March 12.7 million metric tonnes of goods went through the ports, “a record high result,” the port’s president Łukasz Greinke stated. In March alon...

Locked content BZ WBK under Santander brand starting September

WSE-listed lender Bank Zachodni WBK plans to operate under the new name Santander Bank Polska from September 2018, the company stated in a market filing. Banco Santander holds a 69.34 percent stake in BZ WBK. BZ WBK is the third largest bank in Poland in terms of assets held in 2017….

Locked content Inea with PLN 900 mln financing for fiberoptic network

Broadband network provider Inea, owned by Macquarie European Infrastructure Fund 5 (MEIF5), has secured PLN 930 million financing from a consortium of eight financial institutions, the company stated. The funds are earmarked for the construction of fiberoptic network within the “Digital Poland” Oper...

Locked content ZE PAK 2017 net profit down 26.4% y/y

Fourth largest electricity producer in Poland ZE PAK recorded a drop of 26.4 percent y/y in net profit to PLN 184 million in 2017, the company stated. The group’s EBITDA decreased by 13.8 percent y/y to PLN 512 million, while consolidated revenue came in at PLN 2.44 billion (9.69 percent lower than ...