Locked content Glapiński sees interest rates stable until end 2019

Head of Poland’s Central Bank (NBP) Adam Glapiński confirmed his estimate that there will be no reasons to change interest rates until the end of 2019. In his opinion, if the situation does not change, the period of interest rates stability may be prolonged. On Wednesday Monetary Policy Counci...

Locked content Mostostal Zabrze unit signs PLN 31.5 mln contract

Mostostal Zabrze Gliwickie Przedsiębiorstwo Budownictwa Przemysłowego (GPBP) – a unit of Mostostal Zabrze – signed an agreement with Świętochłowice Municipality for the reconstruction of the speedway stadium. The contract value is up to PLN 31.5 million net (PLN 38.8 million gross), the ...

Locked content 51 mergers and acquisitions in Q3 – Fordata

In Q3 there were 51 mergers and acquisitions in Poland, 9 more than in the same period of 2017, Fordata analysts said in M&A Index Poland report. The biggest number of M&A was in Media / IT/telecommunications (16 percent), Industrial sector (14 percent) and FMCG (12 percent). The largest tra...

Locked content GUS revises GDP growth for 2017

The economic growth in Poland (seasonally unadjusted) amounted to 4.8 percent in 2017, the Central Statistical Office (GUS) reported. Earlier GUS estimated 2017 economic growth at 4.6 percent. GUS also revised the growth for 2016 to 3.1 percent from 3 percent, while the growth for 2015 remained unch...

Retail sales in Poland up 6.5% in August – Eurostat

In August retail sales in Poland grew by 6.5 percent y/y following 7.7 percent annual growth in July, Eurostat reported. On the monthly basis, retail sales fell by 0.7 percent. The annual data has been adjusted by the number of working days, and the monthly data is also seasonally adjusted, Eurostat...

Locked content Geotrans plans to pay dividend of 20-100% net profit

Waste management company Geotrans adopted a new dividend policy. Under the policy, Geotrans plans to distribute 20-100 percent of net profit as dividends in the next years. The dividend amount will depend on the company’s financial position, liquidity ratios and development plans, as well as any res...

Locked content Natural gas consumption rises in Poland – PGNiG

In January-August, LNG accounted for nearly 20 percent of PGNiG imports, while natural gas from Russia accounted for about 74 percent of imports. In the same period imports of LNG have risen by nearly 64 percent y/y, while imports of natural gas from Russia have increased by nearly 7 percent, PGNiG ...

Locked content WSE main market turnover up 28.7% in September

Equity turnover on the main market of the Warsaw Stock Exchange in September amounted to PLN 25.2 billion, 28.7 percent more than a year ago. In January-September total turnover was PLN 162.2 billion, 18.9 percent less than in the same period of 2017, WSE reported. On NewConnect market equity turnov...

Locked content Warsaw signs contract for metro extension

The President of Warsaw Hanna Gronkiewicz-Waltz and Gülermak CEO Kemal Güleryüz signed on Friday a contract for the construction of the last section of Warsaw’s second metro line. The new underground stations will be built at Zacisze, Kondratowicza, and Bródno. The works should be completed wi...

Locked content Czerwińska sees 2018 budget deficit at PLN 25 bln

The budget deficit for this year will be approximately 60 percent of the planned PLN 41.5 billion, Minister of Finance Teresa Czerwińska said to Interia.pl. This would amount to about PLN 25 billion. In the draft budget for this year, the government assumed GDP growth of 3.8 percent, however, after ...