Locked content Foreign investments fell by 56% in 2017 – NBP

The inflow of foreign direct net investments in 2017 fell by 56 percent y/y to PLN 34.7 billion, according to final data of Poland’s Central Bank (NBP).  Most investments came from Germany (PLN 12.8 billion), Luxembourg (PLN 12.4 billion) and Cyprus (PLN 5.5 billion). The largest withdrawals o...

Locked content Diesel prices will grow – e-petrol

Fuel prices at the petrol stations may increase this week with the diesel prices rising the most, according to e-petrol report. The main reason is the growth of wholesale prices at the beginning of October. “The level of margins, especially for diesel, is already so low that hikes are unavoida...

Nextbike ups market potential at 50,000-60,000 in 2025

Nextbike raised its forecast for the Polish city bike market potential to 50,000-60,000 in 2025 from 48,000 expected earlier, CEO Robert Lech said. The company plans to close this year with 17,800 bikes versus 12,200 at the end of 2017. In addition, Nextbike expects its fleet to grow by another 5,30...

Locked content Gino Rossi revenue down 34% in September

Fashion retailer Gino Rossi recorded revenue of PLN 10.9 million in September, 34 percent less than a year ago, the company said. The share of B2B sales was 25.4 percent, down by 9.8 percentage points y/y. E-commerce sales declined by 20.5 percent versus September 2017. In January-September Gino Ros...

Bankruptcies and restructuring will rise by 20.2% in 2018

The number of company bankruptcies and restructuring in Poland will increase by 20.2 percent y/y in 2018 and by 9.3 percent y/y in 2019, according to Coface estimates. In 2017 the growth amounted to 16.4 percent. In the whole Central and Eastern European region (14 countries, including Russia) an in...

Locked content Qumak starts review of strategic options

Polish IT and technological company Qumak decided to start reviewing strategic options to support company operations. The decision followed failure to obtain PLN 35 million through series M share issue and merger with Euvic. “The review of strategic options is aimed at acquiring a strategic in...

Locked content GetBack reports H1 prelim. net loss of PLN 1.12 bln

GetBack preliminary net loss in H1 amounted to about PLN 1.12 billion compared to profit of PLN 111.6 million a year ago, the company reported. Operating loss in H1 stood at PLN 826.8 million compared to profit of PLN 156.1 million a year ago. The group recorded negative net revenue of PLN 392 milli...

Locked content Monnari Trade submits binding offer to buy Simple CP

Monnari Trade submitted a binding offer to buy Simple Creative Products from Gino Rossi for PLN 12 million, Monnari Trade said. The condition for the transaction is reaching a final agreement with PKO BP regarding the rules for further financing of Simple CP as well as the settlement of trade receiv...

Locked content Benefit Systems starts reorganization of capital group structure

Employee benefits program operator Benefit Systems decided to start capital group structure reorganization, which should be completed by the end of September 2019, the company said. The first stage of the reorganization includes the acquisition of the subsidiary Fit Invest by Benefit Systems and mer...

Locked content Javier Calleja named CEO of Solaris Bus & Coach

Javier Calleja has been appointed the new CEO of Solaris Bus & Coach (Solaris). The decision was made by Spanish CAF Group, which acquired a 100 percent stake in Solaris at the beginning of September. For the past 20 years, Calleja has been a partner at the consulting firm Bain & Company. He...