Locked content PLN 11.3 bln spent on “Family 500+” program

As of June 30, PLN 11.3 billion were spent from the budget on “Family 500+” program, Ministry of Family, Labour, and Social Policy said. More than 3.7 million children up to 18 years have received support from the program, it added. “Family 500+” program was launched in April...

Locked content Inwestorzy.TV buys 97.75% in Inwestycje.pl

Media company Inwestycje.pl and its shareholders, Przemysław Spyra and Greycloud, who own 97.75 percent of the stake, signed an agreement with Inwestorzy.TV. Under the agreement, Inwestorzy.TV will receive 97.75 percent of Inwestycje.pl stake, and the two companies will merge by the end of 2019. Inw...

Locked content Asbis confirms 2018 outlook, may upgrade it

WSE-listed IT company Asbis “fully” confirmed net profit forecast of $9-10 million for 2018. Taking into account the continuation of strong trends from H1, Asbis may update outlook, the company said. In H1 Asbis net profit jumped to $2.9 million from $1.0 million in H1 2017. Revenue grew...

Locked content Beekeepers appeal against use of harmful pesticides

Greenpeace and representatives of several beekeeping organizations appealed to Minister of Agriculture Krzysztof Ardanowski asking to withdraw his consent for use of pesticides harmful to bees. The approval for use of neonicotinoid pesticides was issued in July. The head of the Polish Beekeeping Ass...

Locked content Novaturas Q2 net profit almost flat at €3.5 mln

WSE-listed Lithuanian tour operator Novaturas reported Q2 consolidated net profit of € 3.5 million compared to €3.4 mln y/y. Operating profit grew to €4.5 million from €3.9 million in Q2 2017. EBITDA increased to € 4.6 million from €4.1 million y/y. Q2 revenue rose to €54.4 million. In H1 Novaturas ...

Locked content Bank Pekao Q2 net profit up at PLN 539.8 mln

Bank Pekao group Q2 net profit grew to PLN 539.8 million from PLN 535.1 million a year ago, above analysts’ forecast of PLN 536.2 million. Q2 net interest income stood at PLN 1.24 billion, close to the expectations. The interest margin increased in Q2 to 2.83 percent from 2.82 percent y/y. The...

Locked content Pension funds buy shares for PLN 600 mln in July

Pension funds bought Polish shares for about PLN 600 million in July, according to estimations by brokerage Trigon. MetLife and NN OFE spent the most (PLN 260-280 million each), while Aegon OFE  was the only significant seller (PLN -57 million). Trigon DM added that the attitude towards foreign shar...

Locked content Reconstruction of Lech bridge in Poznań begins

Reconstruction of the northern carriageway of Lech bridge in Poznań started at the weekend. The existing structure will be completely demolished and a new one will be built.  According to the agreement, the new bridge should be available for use at the end of January 2020. The completion of all cons...

Locked content PLN 85 mln EU funds will go to energy efficiency

The National Fund for Environmental Protection and Water Management (NFEP&WM) allocated PLN 85 million EU funds to thirteen projects related to the effective distribution of heat and cold. Under the plan, 70 km of heating network and 400 heat centers will be built or modernized. As a result,  pr...

Locked content PGNiG: share of gas imported from Russia declines

The share of gas imported to Poland from Russia systematically declines, despite slightly higher supply from Gazprom versus a year ago. The increase in delivery comes from the general increase of gas consumption in Poland, PGNiG said. On Thursday, Gazprom reported gas sales for the first seven month...