Locked content Kruk plans to finish strategic options review in 2018

Debt collector Kruk expects to complete the review of strategic options by the end of 2018, the company informed. In H1 Kruk invested PLN 407 million in debt portfolios and plans to increase acquisitions in Poland and abroad in the second half of the year. In Q2 Kruk recorded a consolidated net prof...

Locked content PLN 50.6 bln on budgetary accounts at end of Aug. – MF

Ministry of Finance recorded PLN 50.6 billion on budgetary accounts compared to PLN 46.5 billion at the end of July.  The Ministry also reported that at the end of August gross borrowing demand stood at 68 percent of PLN 181.7 billion planned in this year’s budget. At the end of August, the le...

Locked content Chopin Airport served 12 mln passengers in Jan.-Aug.

Warsaw Chopin Airport transported around 12 million passengers in January-August. This is 14 percent more compared to the same period last year, the airport reported. Almost 11 million passengers used international routes. In August Chopin Airport served 1.9 million passengers, 12.4 percent more com...

Locked content MPiT sees export at €219 bln in 2018

In 2018 export of Polish goods is seen to grow by about 6 to nearly €219 billion, while import should increase by about 7.5 percent to approximately €221.5 billion. The deficit in trade of goods is seen at about €2.5 billion, Ministry of Enterprise and Technology said. In the middle of August Polish...

Locked content WP sees e-commerce revenue at 75% of total

Wirtualna Polska (WP) expects that revenue from e-commerce segment will increase to 75 percent of total revenue compared to 58 percent currently, CEO Jacek Świderski said. He also informed that until the end of 2018 Wirtualna Polska may buy an e-commerce company operating in the Central and Eastern ...

Locked content Ardanowski: about PLN 1.5 billion aid for farmers

Farmers, who suffered from drought, will receive about PLN 1.5 billion help,  the head of the Ministry of Agriculture Jan Krzysztof Ardanowski said. The amount is much higher than the initially planned PLN 800 million. The money will be taken from state revenues, he specified. Ministry reported that...

Locked content Baltona revenue up 54% in August

Duty-free and travel retailer Baltona recorded consolidated revenue of PLN 46.4 million in August, a 54 percent increase y/y.  In January-August revenue amounted to PLN 312.8 million, 25 percent more compared to the same period of 2017, the company reported. Retail stores (Travel Retail) generated r...

Locked content Torpol expects to have net profit in 2018

Construction firm Torpol plans to reduce net loss in Q3 and to reach a net profit by the end of 2018, CEO Grzegorz Grabowski said.  Torpol expects an increase in order portfolio and double-digit margins for its unit Torpol Oil & Gas. In H1 the group had sales revenue of PLN 545.6 million, an inc...

Locked content Monnari Trade revenue up at PLN 16.3 mln in August

Monnari Trade reported consolidated revenue from sales at about PLN 16.3 million in August. It went up by 0.63 percent year-on-year, the company stated. In January-August 2018 the group’s consolidated revenue decreased by 5.19 percent to PLN 142.4 million in comparison to the previous year. Mo...

Locked content EU invests €320 mln in road infrastructure in Poland

The European Regional Development Fund (ERDF) invested over €255 million in the construction of the S5 expressway section between Nowe Marzy, Świecie, and Bydgoszcz. Further €64.6 million (from the Cohesion Fund) were allocated for the construction of the section of the S17 expressway between the in...