Locked content PM Szydło leaves hospital

Polish Prime Minister Beata Szydło left hospital on Friday after suffering minor injuries in a car accident a week ago. “Now it is time for a few days of rest and I will see you again at the Tuesday news conference after the government sitting,” Szydło told reporters as she left the hospital. The ac...

Locked content Asseco SEE increases Q4 profit

Asseco SEE, a unit of Polish IT giant Asseco Poland, posted a PLN 20.18 million Q4 2016 attributable net profit, beating market expectations of PLN 12.6 million. In Q4 2015, the profit stood at PLN 11.09 million. For the whole 2016, Asseco SSE had PLN 51.47 million in consolidated net profit compare...

Locked content Over 6 mln foreigners visited Poland in 2016 – GUS

The number of foreign tourists who visited Poland last year stood at 6.1 million representing a 7 percent growth from 5.7 million the year before, the Poland’s Central Statistical Office (GUS) data showed. Most visitors came from Germany with 1.6 million followed by the UK tourists with 443,00...

GUS: retail sales higher than expected

The volume of retail sales in Poland grew by 11.4 percent year-on-year in January. In month-on-month terms, retail trade saw a decrease of 22.1 percent, the Central Statistical Office (GUS) said.

Locked content Stalprodukt profits below expectations

WSE-listed steel producer Stalprodukt netted PLN 81.1 million profit in Q4 2016, down from PLN 88.1 million expected by the analysts, the c.mpany’s preliminary financial statement showed. The company also had PLN 105.2 million EBIT vs. PLN 113.7 million expected, Stalprodukt’s Q4 financi...

Locked content Retail fuel prices up

Average retail gasoline price increased by PLN 0.05 per liter to PLN 4.76, while Diesel price went up by PLN 0.02 to PLN 4.63 in the week ending on February 16, Reflex brokerage said. LPG price went down by PLN 0.01 to PLN 2.22 Polish fuel prices will remain in a side trend as long…

Locked content PZU increases its share on the insurance market

Poland’s biggest insurer’s PZU market share in the insurance sector has increased to 33.3 percent (2.2 percent growth) in Q3 2016, according to data released by the Polish Financial Watchdog KNF. Five biggest Polish insurance companies control 58.93 percent of the market (2 percent q/q i...

Locked content Poland’s new CHF mortgage stance positive for banks – Mood...

Poland’s reversal of the stance to CHF mortgage conversions is credit postive for Polish banks, Moody’s rating agency said. “Jarosław Kaczyński indicated that the government would not force the conversion of Swiss franc mortgage loans to Poland’s local currency, the złoty, a revers...