Locked content Unibep’s backlog at end-September is PLN 2.1 bln

Unibep Group’s order portfolio at the end of September 2018 reached PLN 2.1 billion for subsequent periods – the company said in a quarterly report. According to the statement, in Q3 Unibep signed contracts worth around PLN 390 million, and from the beginning of 2018 until the day of pub...

Locked content UTK: freight train average delay up to over 11 hours

The average delay time of freight trains in Q3 increased to 11.2 hours from almost 10.5 hours recorded in Q2, Railway Transport Office (UTK) said on Thursday. According to UTK, in Q3 punctuality of rail freight transport fell to 34.35 percent from 36 percent a quarter earlier. The trains delayed abo...

Locked content Marek Chrzanowski leaves supervisory board of Bank Guarantee Fund

The former head of the Polish Financial Supervision Authority (KNF) Marek Chrzanowski was dismissed from the supervisory board of the Bank Guarantee Fund, KNF spokesman Jacek Barszczewski told the Polish Press Agency (PAP). Marcin Pachucki, the acting chairman of KNF, took this decision. On Thursday...

Locked content General government deficit seen at below 1% of GDP in 2018

The National Bank of Poland’s (NBP) forecast indicates that the general government deficit in 2018 is likely to be below 1 percent of GDP, and in 2019 it may fall slightly, according to the opinion of the Monetary Policy Council to the draft budget for 2019. “The Increase in total expens...

Locked content Base inflation at 0.9% in October – NBP

Poland’s base inflation (excluding food and energy prices) stood at 0.9 percent in October compared to 0.8 percent in September, according to the data released by Poland’s Central Bank NBP. Inflation excluding state-controlled prices amounted to 1.8 percent versus 1.9 percent a month ear...

Locked content Nextbike Q3 net profit down at PLN 1.81 mln

Nextbike recorded PLN 1.81 million of consolidated net profit in Q3 compared to PLN 2.47 million a year earlier, the company said. Operating profit amounted to PLN 3.12 million versus PLN 3.48 million y/y. EBITDA grew to PLN 5.93 million from PLN 5.64 million in Q3 2017. Revenue reached PLN 18.81 mi...

Locked content Marcin Pachucki named acting chairman of KNF

Prime Minister Mateusz Morawiecki appointed Marcin Pachucki acting chairman of Poland’s Financial Supervision Authority (KNF). Earlier Pachucki was a deputy chairman of KNF from February 2017. The appointment followed Marek Chrzanowski resignation from chairman post in connection with the accusation...

Locked content Banking sector Q3 net profit at PLN 4.1 bln

Poland’s banking sector net profit in January-September amounted to PLN 11.63 billion, an increase of 10.8 percent y/y, Polish Financial Supervision Authority (KNF) reported. The Q3 net result stood at PLN 4.1 billion, 1.5 percent lower versus Q2. The interest income in Q3 reached PLN 11.73 bi...

Locked content Baltona 9-month prelim. net profit at PLN 1.66 mln

Duty-free retailer Baltona reported a preliminary consolidated net profit of PLN 1.66 million in the 9-month period versus PLN 1.75 million a year ago. Revenue grew to PLN 361.69 million from PLN 280.57 million y/y. EBITDA amounted to PLN 7.24 million compared to PLN 7.48 million y/y. The results we...

Locked content CPI inflation in November seen up 1.7% y/y – MPIT

Consumer price index (CPI) inflation in November is expected at 1.7 percent annually and 0.3 percent monthly, the analysts of Ministry of Enterprise and Technology estimated in a comment to the Polish Central Statistical Office (GUS) data. The Ministry expects a further rise in food prices, accelera...