Locked content Sunday trade ban to be gradually implemented – PiS MP

According to Law and Justice (PiS) MP Adam Abramowicz, the proposed ban on trade on Sundays could be gradually imposed. For example in the first few months, the ban could be enforced on 2-3 Sundays per month. “We could introduce the new law in phases, to see how the ban would affect economy,” Abramo...

Locked content JW Construction to launch buyback offer

WSE-listed real estate developer JW Construction has accepted the tender offer from its owner Józef Wojciechowski to buy back company’s shares. If the offer is successful he will control 100 percent shares of the company. Wojciechowski, who currently owns 65.96 percent stake offered to buy bac...

Unemployment rate in January up to 8.7%

Unemployment in Januaryr rose by 0.4 percent m/m to 8.7 percent, according to the Ministry of Family, Labor, and Social Policy. In year-to-year terms, the rate dropped by 1.5 percentage points.

Locked content Talanx with €900 mln consolidated net profit in 2016

WSE-listed insurance group Talanx posted a €900 million net profit in 2016 (vs €734 million in 2015) according to the company’s preliminary financial results. “On the one hand, this results from lower than expected large losses in the Group. On the other hand, special tax effects have also con...

Locked content Grupa Kęty plans M&A in several sectors

WSE-listed metal company Grupa Kęty is interested in potential acquisitions in several segments, including extruded products or aluminum systems, company said in its strategy update. In extruded products, Kęty is interested in firms with annual revenues of up to €50 million and €20 million in alumin...

Locked content Sygnity net profit in fQ1 down by 93.1% y/y

WSE-listed IT firm Sygnity suffered a 93.1 percent year-on-year decrease in net earnings in fiscal Q1 2016/17 (ending December 31, 2016) posting only PLN 236,000, the company said in a market filing with preliminary results. The main reason for such steep decline was significant drop in public order...

Locked content KUKE: The number of bankruptcies in 2017 to remain unchanged

The number of companies that will go bankrupt in 2017 will amount to around 600, according to the Export Credit Insurance Corporation (KUKE) forecasts. This would be a similar result to 2016. In month-on-month terms, in January the number of bankruptcies dropped by 4.1 percent to 47. In last 12 mont...

Locked content PFR to provide PLN 5 bln financing for energy projects

According to the head of Polish Development Fund (PFR) Paweł Borys, the fund has some PLN 5 billion earmarked for financing for energy projects. A single project can be financed between PLN 0.5-1 billion, while debt financing can be between PLN 1-1.5 billion. According to Borys, the biggest energy p...

Locked content POPiHN: 6,803 gas station in Poland. Highest number since 2012

According to sector lobby organization POPiHN, Poland had 6,803 gas station in 2016, making it the biggest number in four years. According to data, 33.1 percent of the facilities is controlled by Polish companies, 29.6 percent is owned by independent operators, while 21.6 percent is run by foreign e...

Locked content Record-high employment in Polish innovative firms – ADP Polska

In 2016, employment in companies in the “modern economy” sector has increased by 4.47 percent, according to report compiled by ADP Polska. The biggest number of employees is working in the production sector of the modern economy, where the employment grew by 7.93 percent. In the services sector, tha...