Locked content Unemployment down by 0.2% m/m in August – MRPiPS

In August the number of unemployed people in Poland fell by 0.2 percent on the monthly basis and amounted to 959,500, the Ministry of Family, Labour and Social Policy (MRPiPS) said. This is a 15.5 percentage points decline compared to a year ago. The unemployment rate in August stood at 5.8 percent,...

Locked content Facebook will launch new data center in Singapore

Facebook will launch a new data center in Singapore,  BBC reported on Thursday. The new facility will cost more than $1 billion. The center, which will be located in the west of the country, has been designed as an 11-floor building. The center should be powered by 100 percent renewable energy. Sing...

Locked content Redan prelim. revenue down 1% in August

Preliminary revenue of Redan stood at PLN 48 million in August, a decrease of 1 percent y/y, the company reported.  In January-August revenue was about PLN 370 million, about 1 percent lower than in the same period last year. The area of Redan sales network at the end of August was 141,300 sqm, abou...

Locked content Agora ends long-term agreements with Ruch

Media group Agora decided to terminate long-term distribution agreements with Ruch. The decision was taken due to Ruch liabilities towards Agora, the media company said. At the same time, Agora expressed willingness for further cooperation with Ruch based on current bilateral agreements. In January-...

Locked content Luma Holding announces tender for Protektor

Luma Holding announced tender for 33.1 percent of stake in Protektor equal to 6.3 million shares. The proposed price is PLN 4.2 per share, DM mBank intermediary informed. The subscription for shares will begin on September 26, and completion is scheduled for October 9. The expected date of the trans...

Locked content Grupa Azoty buys Goat TopCo for max. €235 mln

Chemicals producer Grupa Azoty signed a conditional agreement to buy 100 percent stake in German Goat TopCo for up to €235 million. The transaction will be fully financed from available credit facilities. The closing of the deal is expected not earlier than in October and not later than in Q1 2019. ...

Locked content Wrocław Airport with over 1.1 mln passengers in June-Aug.

Wrocław Airport served over 1.1 million passengers in the June-August period. In August passenger traffic grew by more than 22 percent y/y and stood at 373,000. In July the number of passengers was record high and reached 374,000. From the beginning of 2018, the airport transported 2.25 million pass...

Locked content Aplisens buys Czah-Pomiar for up to PLN 9.2 mln

Measuring instruments manufacturer Aplisens signed an agreement to buy 100 percent stake in Czah-Pomiar. The deal value is up to PLN 9.2 million. The payment will consist of two installments. The first one is set at PLN 7.7 million, while the second will depend on Czah-Pomiar 2018 sales to one of it...

Locked content Śnieżka sees 2018 results better than last year

Paint producer Śnieżka expects 2018 results to improve due to the growth of the paint market in Poland and stabilization of titanium white prices, Vice-President of the management board Witold Waśko stated. “We improve the results every year, and we believe this year there will be an improveme...

Locked content Gino Rossi sales down 14.9% in August

Fashion retailer Gino Rossi sales in August declined by 14.9 percent y/y to PLN 11.8 million. The share of B2B sales was 11.5 percent and fell by 21.1 percentage points compared to August 2017. Gino Rossi said that decrease in August sales resulted from lower sales in the B2B segment. In January-Aug...