Locked content PiS, PO support drops – poll

According to the latest poll by Kantar Public, if elections took place now, 36 percent of Poles would vote for ruling Law and Justice (PiS), while 18 percent would vote for Civic Platform (PO). PiS support declined by 2 percent, while PO’s dropped by 1 percent. Other parties that would get int...

Locked content Nextbike to debut on NewConnect on Wednesday

Public bike sharing operator Nextbike Polska will debut on NewConnect on Wednesday, August 23, the company said. At the end of June, the company announced that it had entered into agreements with investors to sell 51,000 C worth PLN 6 million, implying a PLN 126 million valuation of the company. Nex...

Apartment construction up in July – GUS

In July, developers launched construction on 18,283 apartments, a 21.6 percent increase year-on-year and 18.2 percent drop month-on-month, statistics office GUS said. In the same month, 15,151 apartments were delivered (a 17.6 percent y/y and 5.4 percent m/m increase) and permits for 20,649 apartmen...

Retail sales grow 7.1% in July – GUS

Retail sales increased in July by 7.1 percent year-on-year and 0.6 percent m/m, according to GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 7.4 percent y/y and 1.1 percent m/m.

Locked content Budimex with PLN 396 mln deals for S3 road

WSE-listed builder Budimex won two tenders worth PLN 395.8 million combined for the construction of two segments of the S3 road. First, PLN 293.1 million deal concerns the part linking Brzozowo with Mielno, while the second, PLN 102.7 million contract is for the Miekowo-Rześnica section. Constructio...

Locked content PZU expects PLN 200 mln in claims after last week’s storms

WSE-listed, state-owned insurer PZU has received 26k claims following storms last week so far, and estimates potential damages at around PLN 200 million, company’s CEO Paweł Surówka said. “We had estimated that the number of damage claims following the storms would exceed 30k and at this point, 26k ...

Locked content PGNiG looking for more upstream assets

WSE-listed gas giant PGNiG hopes to increase its investment levels in H2, compared with H1 when it spent PLN 1.5 billion, the company said. “We’re analyzing the possibilities of increasing output in Norway,” company’s Deputy CEO Michał Pietrzyk said. For the whole year, the CAPEX stands at PLN 5.7 b...

Locked content Fuel prices drop after recent decreases

Average fuel prices dropped by PLN 0.02, while diesel prices decreased by 0.01 according to BM Reflex, a fuel branch consultancy company, while LPG prices remained unchanged. Currently, gasoline sells at PLN 4.43/liter, diesel at PLN 4.27/liter and LPG at PLN 1.88. The current prices are highest in ...

Locked content PGNiG with PLN 499 mln Q2 net profit

WSE-listed gas giant PGNiG had PLN 499 million attributable net profit in Q2, up from PLN 115 million loss a year ago. Revenues increased by 12.5  percent to PLN 7.16 billion, while EBITDA amounted to PLN 1.4 billion, up by 90.8 percent. The core segment of gas trade and storage generated a PLN 268 ...