Locked content GDP growth seen at about 5% in 2018

In Q2 GDP growth stood at 5.1 percent y/y, in line with estimates published in August, Polish Central Statistical Office (GUS) reported. Domestic consumption remains the main driver of the Polish economy, while investment recovery is still limited, analysts said. Most analysts expect a slight slowdo...

Locked content Gasoline and diesel prices may go up

In the next days, fuel prices may grow by PLN 0.03-PLN 0.05 per liter for gasoline and diesel. LPG prices may decline slightly or stay at a stable level, BM Reflex analysts estimated. In the first weeks of July gasoline and diesel prices went up by about PLN 0.10 – PLN 0.12 per liter, while...

Locked content T-Bull agrees on cooperation with Xiaomi

T-Bull signed an agreement with Beijing Wali Internet Technologies Co, which belongs to the Xiaomi group. The agreement is for distribution, marketing, promotion and service of T-Bull games “Top Speed” and “Top Speed 2” in the Xiaomi / Mi Game Center. Currently, Xiaomi / Mi G...

Locked content Amica net profit plunges to PLN 29.1 mln in Q2

WSE-listed white goods producer Amica recorded consolidated net profit attributable to shareholders of PLN 29.1 million versus PLN 71.5 million a year ago. Operating profit fell to PLN 28.1 million from PLN 38.0 million y/y. Revenue amounted to PLN 685.4 million compared to PLN 624.6 million in Q2 2...

Locked content Unemployment falls to 3.5% in July – Eurostat

The seasonally adjusted unemployment rate in Poland was 3.5 percent in July compared to 3.6 percent in June, the EU statistical office Eurostat reported. The number of unemployed people decreased to 600,000 in July from 621,000 a month earlier. In the entire EU, unemployment stood at 6.8 percent in ...

Locked content 11bit studios Q2 net profit jumps to PLN 25.9 mln

11bit studios reported PLN 25.9 million consolidated net profit in Q2 2018, compared to PLN 1.23 million profit a year earlier, the company said in a report. Operating profit rocketed to PLN 30.98 million versus PLN 2.56 million profit a year ago. Q2 revenue reached PLN 43.48 million while in the sa...

Locked content ZUS with 76,800 decisions in Q2 due to retirement law – MRPiPS

In the second quarter, there were about 76,800 decisions released in relation to retirement due to the lowering of the retirement age. About 60,100 decisions were completed with payment – informed the Ministry of Family, Labor and Social Policy (MRPiPS). In Q1 2018, about 120,900 decisions wer...

Locked content Ferro: Artur Depta resigns from Vice-President post

Artur Depta has submitted a resignation from the position of Vice-President at WSE-listed Ferro, the company said in a statement. Depta will resign as of September 30, 2018. He has been with the Ferro Group since 2006. At first, he took the position of Financial and Administrative Director. In 2007 ...

Locked content Railway with 4.1% more passengers in July

As many as 26.3 million passengers traveled in Poland by train in July, according to the data released by the Office of Rail Transport (UTK). This is 4.1 percent more than in July 2017. The average distance of a trip was 82 km. In the first seven months of 2018, the number of railway passengers̷...

Locked content Space market in Poland valued at PLN 150 mln

There are about 300 companies in the Polish space market. About 3,000 people are employed and the value of the market is about PLN 150 million, Industrial Development Agency (ARP) informed. In the entire European Union, the space market value is nearly €50 billion, and there are 230,000 employees. “...