Locked content Poland falls to 33rd place in “Doing Business” ranking

Poland fell to the 33rd position in the “Doing Business” ranking – according to a report published by the World Bank. A year ago, Poland held the 27th place. “Poland has complicated the tax system by introducing the requirements for monthly reporting of VAT refunds, extending...

Locked content Santander Bank Polska Q3 net profit down at PLN 495.5 mln

Santander Bank Polska recorded PLN 495.5 million of consolidated net profit attributable to shareholders in Q3 versus PLN 559.9 million y/y, the bank reported. Net interest income amounted to PLN 1.42 billion compared to PLN 1.34 billion in Q3 2017. Total assets of the bank stood at PLN 177.4 billio...

Locked content Vistula Group will change name after merger with Bytom

Shareholders of Vistula Group agreed on Wednesday to change the company name to VRG as a result of Bytom and Vistula Group merger. The new name will be effective from December. Vistula management board said that keeping the name of one company brand may in the longer term cause difficulties in commu...

Locked content WSE Q3 net profit down at PLN 37.7 mln

The Warsaw Stock Exchange (WSE) recorded PLN 37.7 million of consolidated net profit attributable to shareholders in Q3 compared to PLN 47.0 million y/y, the company said. Operating profit stood at PLN 43.1 million versus PLN 50.0 million in Q3 2017. Revenue grew to PLN 85.7 million from PLN 81.1 mi...

Ford and Baidu will jointly test self-driving cars

The American Ford and Chinese technology company Baidu announced on Wednesday the launch of a two-year project, under which the companies will jointly test self-driving cars in China. The first tests of cars without a driver will be carried out on routes intended for this purpose in Beijing.

Locked content Wrocław Volvo plant will deliver over 300 buses to Norway

Volvo plant in Wrocław will supply 303 buses to Norway, including 290 intercity buses Volvo 8900, 10 long-distance Volvo 9700 buses and three minibuses. All buses will arrive by summer 2019. This is the largest order Volvo has received from Norway, Communication Director Anna Nojszewska told the Pol...

Locked content Wawel Q3 net profit down at PLN 19.1 mln

Confectioner Wawel recorded net profit of PLN 19.1 million in Q3 compared to PLN 47.8 million a year ago, the company said. Operating profit amounted to PLN 23.0 million versus PLN 25.2 million y/y. Revenue declined to PLN 132.3 million from PLN 134.6 million in Q3 2017. In the 9-month period, Wawel...

Locked content Ekopark debuts on NewConnect

An engineering company Ekopark will debut on the NewConnect market on Monday, October 29, the Stock Exchange announced. Ekopark will be the 391st company listed on the NewConnect and the 12th debut on this market in 2018. Before the debut, the company carried out a private offer of 700,000 series D ...

Locked content Average families will not pay more for electricity in 2019 – Tch...

Polish families whose annual income falls within the first tax threshold will not pay higher bills for electricity in 2019 compared to 2018, the Minister of Energy Krzysztof Tchórzewski said. Earlier Tchórzewski told the Polish Press Agency (PAP) that in 2019 the electricity bills for households sho...

Locked content Poland issues most permits of stay for immigrants in EU

In 2017, the Polish authorities issued the highest number of residence permits for immigrants among all EU countries. There were almost 700,000 of them, according to Eurostat data. Most of the permits were granted to Ukrainians for various reasons such as work, family or studies. Belarussians are in...