Locked content Companies to be able to tap into KZN land bank – draft bill

The Ministry of Investment and Economic Development proposed a draft bill that would allow companies to take advantage of the state’s land bank KZN. The companies would be allowed to acquire such plots through public-private partnership. “The proposed measures will encourage investors to build apart...

Locked content KNF: insurers with PLN 3.81 bln H1 profit

Net profit of insurers operating on the Polish market increased to PLN 3.81 billion in H1 which is a 0.67 percent y/y increase. Gross written premiums amounted to PLN 32.12 billion and were higher by 1.73 percent than last year, the Financial Supervision Authority (KNF) reported. The gross value of ...

Locked content Poland to extend moratorium on retail tax till 2020

The government plans to extend the suspension of the retail tax to January 2020, according to the draft of the bill. The current suspension runs out at the end of this year. The tax legislation was passed in 2016, but after an inquiry by the European Commission was suspended….

Locked content LPP launches store in Kazakhstan

WSE-listed fashion retailer LPP opened its first flagship Reserved store in Kazakhstan’s Almaty last week. The store has 2,385 sqm of retail space. The company plans to launch its three other brands in the city in November, the company said in a market filing and introduce all the remaining br...

Locked content Bank Millennium to buy Euro Bank for PLN 1.833 bln

WSE-listed Bank Millennium signed a deal to buy 99.79 percent stake in Euro Bank from Societe Generale for PLN 1.833 billion, the company said in a market filing. The final price will be adjusted for Euro Bank’s assets at the day of closing the transaction. The transaction is still subject to ...

Locked content Konsorcjum Stali plans no dividend for 2018 and 2019

WSE-listed steel producer Konsorcjum Stali does not intend to pay dividends for 2018 and 2019. Management Board plans to propose General Meeting to allocate all profits from 2018 and 2019 to supplementary capital, the company said on Friday. “The adoption of this policy will enable further exp...

Locked content Coal prices for power industry down 1.2% in Sept.

In September the price of hard coal for the power industry fell by over 1.2 percent m/m, and the price of coal for heating increased by more than 2.6 percent in comparison to August, price indices published by the Industrial Development Agency (ARP)indicate. The data shows that in September 2018 dom...

Locked content LiveChat with 230 new B2B clients in October

The number of LiveChat’s clients increased by 230 net in October, the company said.  25,628 clients were using the paid version of LiveChat’s software as of November 1, which is an increase of 15.3 percent on an annual basis. LiveChat is a software producer, whose products allow online retailers to ...

Locked content Piotr Sobiś leaves CEO post at GLG Pharma

Piotr Sobiś filed a resignation from GLG Pharma CEO post effective at the end of October, the company said.  Sobiś explained his resignation by lack of prospects in resolving the dispute around the bill received by the company in June. At the same time, Sobiś declared willingness to continue coopera...

Locked content Polish exports decline is due to slowdown in global trade

In the October Purchase Management Index (PMI) there is a notable decline in orders for Polish exports, which results from the slowdown in global trade observed in recent months, the economists said. The research company Markit wrote on Friday that in October PMI index for Poland was at 50.4 points ...