Industrial output up 1.8% y/y in March – GUS

Industrial output increased by 1.8 percent y/y in March, and by 11.4 percent in month-on-month terms, according to statistics office GUS. Analysts polled by PAP expected industrial production to increase by 3.6 percent y/y and by 12.8 percent m/m. Seasonally-adjusted industrial output grew by 5.1 pe...

Locked content Grupa Azoty with PLN 1.6 bln CAPEX for 2018

Chemicals producer Grupa Azoty plans investment outlays of PLN 1.6 billion in 2018, deputy CEO Paweł Łapiński stated at a press briefing. Last year Grupa Azoty’s CAPEX came in PLN 1.069 billion, which was lower than the PLN 1.3 billion the company had planned, Łapiński added. Grupa Azoty is one of t...

Pharmacy market grows 4.6% y/y to PLN 3.11 bln in March

The value of pharmaceutical products increased by 4.6 percent y/y to PLN 3.11 billion in March, and is expected to grow to PLN 33.92 billion (a 2.8 percent increase) for the entire 2018, according to a report prepared by PEX PharmaSequence. The revenue of an average pharmacy stood at PLN 206,000 in ...

Locked content Henkel Polska completes new production line for PLN 100 mln

Detergent producer Henkel Polska has completed a PLN 100 million investment in a new production line for laundry gel detergent in Racibórz, in response for the growing consumption of laundry gels replacing powder detergent. The new line will produce gels under the brands Persil and E for 10 CEE mark...

Locked content Budimex with PLN 154 mln deal for Gdańsk wharf

The management of the Gdańsk Sea Port has selected Budimex’s offer for the expansion of one of its wharfs for a total sum of PLN 153.7 million, Budimex stated. The works are set to launch within 30 days upon the conclusion of the agreement and are scheduled for completion within 96 weeks…...

Locked content Poczta Polska with 10% revenue bump y/y in 2017

Postal operator Poczta Polska recorded an increase in revenue of 10 percent y/y in 2017 to reach PLN 6 billion, the company stated. It also posted PLN 66.6 million in gross profit. Last year Poczta Polska delivered 120 million parcels and reached an 18 percent market share in the parcel segment̷...

Locked content Poland marks 75th anniversary of the Warsaw Ghetto Uprising

Polish and Jewish representatives, including Warsaw mayor Hanna Gronkiewicz-Waltz, and honorary citizens of Warsaw Halina Birenbaum, Krystyna Budnicka and Marian Turski attended commemorations at the site of the former Warsaw Ghetto on the 75th anniversary of the Warsaw Ghetto uprising, which featur...

Locked content CBOS: Duda work seen positive, Sejm negative

A new opinion poll has shown that the number of Poles who assess Polish president Andrzej Duda’s work positively has increased by 3 percentage points to 63 percent according to a poll conducted by CBOS. Currently, 28 percent (unchanged) of the respondents gave the president’s activity a ...

Locked content Energa with PLN 626 mln Q1 EBITDA – estimates

WSE-listed power utility Energa had a PLN 626 million EBITDA in Q1, according to the company preliminary results. Out of that figure, PLN 509 million came from the distribution sector. Last year, the company posted a PLN 601 million EBITDA. The company produced 1,039 GWh electricity and distributed ...

Employment and wages grow in March – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in companies in March grew by 3.7 percent year-on-year, while the wages grew by 6.7 percent y/y. In month-to-month terms, employment grew by 0.1 percent, while salaries increased by 6.2 percent as well.