Locked content Nextbike will build city bike system in Chorzów

Nextbike Polska signed an agreement with Chorzów city for delivering and servicing municipal bike system. Under the plan, the system will include 46 stations and 460 bikes. The contract value is about PLN 6.7 million gross. The system will be launched in three stages. The first stage (providing 150 ...

Locked content Ailleron establishes Software Mind in US

Poland’s tech company Ailleron established a 100-percent owned subsidiary Software Mind in the USA. The company was created to accelerate development on the US market. It will mainly develop sales in Software Services segment, Ailleron said. In this segment, the group provides programming outs...

Locked content Wojas revenue up 5.7% in July

In July revenue of Polish footwear manufacturer and distributor Wojas grew by 5.7 percent y/y to PLN 16.3 million, the company informed.  Consolidated revenue from retail sales in July amounted to PLN 14.3 million, registering an increase of 8.1 percent compared to a year ago. During the first seven...

Nearly 60% of Ukrainian employees would rather move to Germany

Over a half (59 percent) of Ukrainians working in Poland would leave for Germany, once the migration policy of Poland’s western neighbor changed to offer conditions similar to those in Poland, a study conducted by Work Service revealed. “The fact that Ukraine’s citizens are coming to the Polish job ...

Locked content Industrial PMI down to 52.9 points, lowest in 11 months

Polish industrial sector PMI dropped to 52.9 points in July from 54.2 points recorded the previous month, research firm Markit informed. This is the lowest reading over the past 11 months, signaling a slower growth rate, Markit stated. Market consensus put the figure at 54.2 points. “The latest read...

Locked content Exports up 7.8% y/y in June – KIG

Exports from Poland increased by 7.8 percent y/y and by 3.6 percent m/m, chief economist of the National Commerce Chamber (KIG) Piotr Soroczyński stated in a report. In June exports stood at an estimated €17.873 billion. He added that the value of exports in July may turn out lower than that recorde...

Locked content Poles went on 6.6% more journeys in 2017

The number of tourist journeys carried out by households reached 38.7 million in 2017, marking an increase of 6.6 percent compared to 2016, statistics office GUS stated. This means that a statistical household organized 2.9 tourist trips. The majority of the excursions (93 percent) were private. Ove...

Locked content Bridgestone plans to invest PLN 700 mln in Poznań

Bridgestone concern in Poznań plans to invest nearly PLN 700 million in new technological solutions and production optimization by 2020. The investment should allow increasing daily tire production to over 40,000 units from the current 31,000. So far Bridgestone has invested over PLN 2 billion in th...

Locked content GPW with PLN 79.1 mln net profit in Q2

Giełda Papierów Wartościowych, the operator of the Warsaw bourse, posted PLN 79.1 million attributable net profit in Q2 versus PLN 41.9 million y/y. Operating profit stood at PLN 46.3 million compared to PLN 49.0 million in Q2 2017. EBITDA was PLN 54.4 million. Revenue slightly fell to PLN 86.7 mill...