Housing permits grow in March – GUS

In March, the number of dwellings on which construction has started inched down y/y by 4.3 percent to 20,178, according to data released by the Central Statistics Office (GUS), in m/m terms it soared by 45.7 percent. Moreover, the number of dwellings completed increased by 12 percent y/y to 15,332.

HICP inflation at 0.7% in March – Eurostat

The harmonized index of consumer prices for Poland stood at 0.7 percent year-on-year in March after the same growth in February, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices remained unchanged.

Locked content Small format stores sales grow 9% in March

The sales in small format stores (up to 300 sqm) grew by 9 percent y/y and 23 percent m/m in March, the Polish Chamber of Commerce PIH said. “This was not only due to the fact that March has three more days than February, but also due to increased purchases related to preparations for Easter…....

Locked content Orlen launches due diligence of Lotos ahead of potential takeover

WSE-listed, state-run fuel giant PKN Orlen launched the due diligence of its peer Lotos, as part of the planned merger process, Lotos said in a market filing. “The management board of the company informs that it has taken the necessary steps to ensure the due diligence process in accordance with app...

Locked content Asseco International mulls takeovers, potential IPO

Asseco International, a subsidy of WSE-listed IT giant Asseco, could enter a Western stock exchange to finance a prospective major acquisition, its CEO Józef Klein said. “We are planning to make further acquisitions, and we need capital for it. We have the opportunity to enter the stock exchange, bu...

Locked content Fitness clubs with €872 mln revenues – report

The revenues of fitness clubs in Poland increased to €872 million net in 2017, up from €842 million the year before, according to a report compiled by Deloitte consultancy. According to it, as many as 2.91 million Poles go to fitness clubs, up from 2.84 million in 2016. “The fitness industry is stil...

Locked content Energa: No appeals in the Ostrołęka plant expansion tender

WSE-listed power utility Energa said that it has received no appeals against the outcome of the tender for its Ostrołęka power plant expansion. The tender was won by a GE Power/Alstom Power consortium which bid PLN 5.05 billion to construct the block. Three offers were submitted in the tender for th...

Locked content GetBack approves new share issue

Troubled WSE-listed debt collector GetBack approved an issue of up to 50 million shares in a move to raise much-needed capital. “We want to conduct the issue as soon as possible,” acting CEO Kenneth William Maynard said, refraining from commenting on the possible price “The statement on the price we...

Locked content Żywiec with PLN 4.5 mln net profit in Q1

WSE-listed beer producer Żywiec, subsidiary of Heineken, had a PLN 4.51 million net profit in Q1, down by 83.8 percent y/y. Revenues amounted to PLN 604.45 million, down by 2.2 percent. “Despite unfavorable weather and market conditions, we consistently implement our strategy of value creation. In t...

Locked content Ferro net profit falls to PLN 11 mln in 2017

Sanitary and heating appliances producer Ferro recorded net profit of PLN 11.06 million in 2017. This is almost three times less than in 2016, when Ferro earned PLN 29.09 million, the company reported. Ferro, following the result of the customs and tax control, decided to create a provision, affecti...