Locked content Hyperion ceases telecommunication activities due to bankruptcy

Hyperion ceased its telecommunications activities because of bankruptcy, Office of Electronic Communications (UKE) said. UKE takes measures to minimize the negative effects for consumers. “Hyperion bankruptcy means that subscribers do not have access to telecommunications services, and the pro...

Locked content Huawei CBG Polska sees 2018 revenue up 30-40% y/y

Huawei CBG Polska targets revenue growing by 30-40 percent this year compared to about €400 million in 2017, the managing director in Poland Jefferson Zhang said. The company is changing its marketing strategy in Poland. After a series of flagships, it wants to provide more models in medium segments...

Locked content Altus TFI to merge with Esaliens TFI

At the end of May investment fund Altus TFI started negotiations regarding the merger with Esaliens, the company said. Altus TFI will take over the assets of Esaliens TFI. In exchange, Esaliens TF shareholders will receive newly issued Altus TFI shares. The final merger plan will be disclosed in Jun...

Locked content Novina launches share buyback

Novina wants to buy back up to 355,533 own shares equal to 20 percent of its share capital, the company informed in an invitation to tender. The maximum purchase price is PLN 3 per share. The company wants to buy back both listed on the NewConnect market and unlisted shares. The offer will begin on ...

Locked content Metal prices in 2018 expected to grow – Coface

In 2018, metal prices should maintain an upward trend, and in 2019 a slight decrease is expected due to the expected global economic slowdown and overcapacity,  Coface report stated. From December 2017 to December 2019, the aluminum price is expected to grow by 2 percent. Copper price should go up b...

Locked content Anti-smog program will cost PLN 130 billion – PM

The “Clean Air” program will cost PLN 130 billion and will last for 5-10 years,  Prime Minister Mateusz Morawiecki said.  The agreement for the implementation of the program which aims to “stop smog” was signed on Thursday. Under the program, multi-billion funds will invest i...

Locked content Kidoń appointed Managing Director of Sierra Gorda

Mining giant KGHM said Sierra Gorda board appointed Mirosław Kidoń as Managing Director as of July 1. Previously, he was the general manager of Ore Enrichment Plants in KGHM Polska Miedź S.A. The board also discussed plans to increase the average annual processing capacity of the Sierra Gorda mine s...

Locked content Polish import is seen higher than export in 2018

The Ministry of Enterprise and Technology maintains forecast that in 2018 import will exceed export. This will cause a trade deficit of €2.5 billion for Poland. The forecasts of Poland’s economic growth for 2018 are favorable, i.e. at the level of 3.8-4.3 percent. The main sources of growth wi...

Locked content Redan revenue down 5% in May

WSE-listed clothing company Redan Group recorded consolidated revenue of about PLN 51 million in May, a 5 percent decline y/y. The area of Redan sales network at the end of May was 141,600 sqm, about 1 percent less compared to a year ago. In discount segment sales stood at about PLN 31 million, fall...