Locked content Idea Bank Q3 net result turns to loss of PLN 32.6 mln

Idea Bank reported Q3 net loss attributable to shareholders of PLN 32.6 million versus a profit of PLN 97.4 million y/y. Net interest income amounted to PLN 161.6 million, down 2.5 percent y/y. Net fee and commission income fell to PLN 2,000 from PLN 88.6 million in the same period last year. In the...

Locked content 87% of firms expect tax automation to reduce human errors

Almost half of companies operating in Poland believe that automation of tax processes will impact their work in the next years, according to KPMG report. Over 90 percent of respondents see tax automation as a tool to improve the reporting processes. 87 percent believe that automation will contribute...

Locked content Over 1.2 mln children face poverty risk in Poland

Over 1.2 million children in Poland are at risk of poverty or social exclusion, “Report on poverty” published by Noble Gift project stated. In every fifth family taking part in the project, monthly income does not exceed PLN 200 per person. More than half of the parents don’t find ...

EU targets to be “climate neutral” by 2050

On Wednesday European Commission adopted a strategy to switch to “climate neutral” economy by 2050. Climate neutrality means reaching a net zero carbon footprint. The emissions should be balanced by removing warming gases from the atmosphere, ex. by planting new forests or through carbon...

Locked content Robyg starts sale of 147 apartments in Mój Ursus

Robyg started the sale of 147 apartments as part of the first stage of Mój Ursus project in Warsaw, the company said. As part of the project located near Ursus metro, Robyg will build about 2,000 apartments in several stages.  At the first stage, the apartments sized between 33 to 65 sqm are availab...

Locked content P.A. Nova gets PLN 8.7 mln deal to build Lidl

P.A. Nova signed a construction contract with Lidl, the company said. Under the contract, P. A. Nova will build retail and service facility for Lidl. The value of the deal is about PLN 8.7 million. The works completion is scheduled by May 13, 2019. P.A. Nova offers implementation of construction pro...

Locked content Solaris to deliver 88 buses to Riga

Solaris Bus & Coach received an order to deliver 88 buses Urbino 18 to Riga. The buses were ordered by Rigas Satiksme under the framework contract signed in 2013. Rigas Satiksme used an option to increase originally planned number of buses. Solaris will supply 10 buses in 2019, and the remaining...

Locked content Most toxic European coal firms are in Germany and Poland

Three of the ten most toxic coal companies are located in Poland, the report “Last Gasp: The coal companies making Europe sick” revealed. The research named Polish PGE, ENEA and ZE PAK among those causing the most pollution and impact on health. Four out of ten toxic are in Germany (RWE,...

Locked content Mennica Polska plans to buy Enea shares for up to PLN 80 mln

Mennica Polska made a decision – conditioned by approval of supervisory board – to buy Enea shares for up to PLN 80 million. The investment should be carried out by December 31, 2019. The Management Board will analyze Enea’s financial ratios on an on-going basis and, based on them,...