Locked content Fuel prices decline will slow down – BM Reflex

This week fuel prices on the wholesale market will remain stable due to the weakening of Polish złoty. That means there will be less and less space for price discounts by distributors, BM Reflex analysts said. Average fuel prices in Poland dropped by PLN 0.03 to 0.05 per liter last week. After the d...

Locked content Agora sees 2022 EBITDA at PLN 200 mln

Media company Agora targets revenue at about PLN 1.6 billion and EBITDA at PLN 200 million in 2022. The company plans to keep current dividend policy of PLN 0.5 per share, Agora said in the new strategy for 2018-2022. Agora plans that Helios cinema network revenue will increase by 44 percent (9.5 pe...

Locked content 70 companies went bankrupt in May – Euler Hermes

In May 70 companies went bankrupt in Poland versus 56 firms a year ago, Euler Hermes reported. This is a 25 percent increase y/y. The biggest number of bankruptcies occurred in the service and production industries. In January-May 406 Polish companies were declared bankrupt compared to 347 in the sa...

Locked content T-Bull reports 7.5 mln game downloads in May

Game developer T-Bull registered about 7.5 million new game downloads in May, the company reported. The average transaction value was $4.08 for “Moto Rider Go” and $5.23 for “Top Speed”. “Top Speed” is most popular in India (55 percent of downloads) followed by In...

Locked content GetBack CEO sees chance to return to development in 2-3 years

GetBack management sees for the company a chance of returning to the development in 2-3 years. The proposals presented in the restructuring plan may change and the company is open to attract a strategic investor, but currently, nobody is interested, company CEO Przemysław Dąbrowski said. In Dąbrowsk...

Locked content Poczta Polska and NCBR will work on development of electric cars

Poczta Polska and The National Centre for Research and Development (NCBR) signed a letter of intent on cooperation for the development of electric cars in Poland. They will also work in the field of automation and robotics,  Poczta Polska said. In April, Poczta Polska started the largest tests of el...

Locked content Court declares Admiral Boats bankruptcy

The District Court in Gdańsk declared the bankruptcy of Admiral Boats, the company said on Thursday. At the same time, the court dismissed an application to approve terms of Admiral Boats sale in the course of the liquidation procedure. The Management Board of Admiral Boats filed an application for ...

Locked content Standard Chartered will open office in Warsaw

Standard Chartered plans to open an office in Warsaw. The new office will provide support and consulting services for other companies of the group. “Standard Chartered Global Business Services Sp z o.o. will be the global bank’s business center, joining the network of such centers alread...

Locked content Dębica shareholders to vote on buyback and dividend policy

Dębica minority shareholder Altus TFI proposed changing Dębica dividend policy for 2018-2022 and to pay 100 percent of net profit as dividends. Altus TFI also suggested a share buyback of up to 2.6 million shares at PLN 170 per share. The buyback amount should not exceed PLN 436.5 million. Dębica sh...

Locked content GUS: Inflation expected below 1.5% at end of 2018

Consumer inflation in May was at 1.7 percent y/y, in line with the expectations of Polish Central Statistical Office (GUS). In the following months, it may be even higher, exceeding 2 percent y/y.  But at the end of the year it may be below 1.5 percent y/y, analysts said. The main reasons for inflat...