Locked content Ruling PiS with close to 42% support – poll

The ruling Law and Justice (PiS) party could count on the support of 41.8 percent of Poles, if election to the Sejm were held in early August, according to a poll conducted by research firm Estymator for DoRzeczy.pl. This would translate into 234 seats in the Sejm and a clear majority. Civic Platfor...

Locked content Record July passenger figures for Chopin airport

Warsaw’s Chopin airport serviced 1.9 million passengers in July, a historic high for the month of July and 12.6 percent more than in the corresponding month of last year. “The result was strongly influenced by the increase of passengers travelling internationally (mainly in transit),” said the airpo...

Locked content Edutech start-up raises $1.2 mln

A Polish edutech company NUADU has closed a $1.2 million funding round from Luma Ventures, a Poland-based VC fund active across CEE, focused on data science, supporting late-seed to growth stage start-ups from a variety of industries. Launched in 2016, NUADU provides an interactive online Personaliz...

Locked content Fuel prices may inch down – BM Reflex

If there is no rapid increase in wholesale fuel prices, prices at stations may drop by PLN 0.02 – 0.04 per liter this week, BM Reflex analysts estimated. Although the unstable situation on the oil and gas market affects fluctuations in wholesale fuel prices, prices on the retail market remain ...

Locked content Netia appoints Andrzej Abramczuk as CEO

Netia’s supervisory board appointed Andrzej Abramczuk as the new CEO as of August 18, the company said in a statement. Abramczuk has been a board member at Netia since December 2017. Back in May Katarzyna Iwuć resigned from the CEO post. The supervisory board then named Wojciech Pytel the acti...

Locked content Agora with negative EBITDA of PLN 2.4 mln in Q2

Media group Agora recorded PLN 0.3 million consolidated net profit in Q2, flat versus a year ago. Operating loss widened to PLN 22.8 million from 6.8 million in Q2 2017. EBITDA loss stood at PLN 2.4 million versus positive EBITDA of PLN 31.4 million a year ago. Revenue in Q2 declined by 8.6 percent ...

Locked content Deadline for agreeing Simple sale terms postponed

Gino Rossi and Monari decided to extend negotiations regarding terms of Simple Creative Products (Simple) until August 14. The last condition, which should be met, is setting the financing terms of Simple with Bank PKO BP. Arrangements with the bank are carried out in cooperation with Monnari, Gino ...

Locked content Serinus Energy plans to start gas sales in Romania

Serinus Energy plans to start regular gas sales in Romania in the second half of August. In Q2 the company spudded Moftinu-1007 well, the depth of which is 1,463 meters. The well was tested and connected to the gas plant. In addition, Moftinu-1000 well launched production. Currently, Serinus is fina...

Locked content Redan to issue up to PLN 13 mln bonds

Clothing retailer Redan plans to issue bonds for a nominal value of PLN 13 million with two years maturity. A potential investor decided to acquire all bonds, Redan said. The issue price is set at PLN 990 per bond. PLN 7 million from the issue will be spent to buy newly issued TXM shares. The…...

Locked content Global A&D sector revenue up by 2.7% in 2017 – Deloitte

Global revenue of aerospace and defense (A&D) sector increased in 2017 by $18.3 billion or 2.7 percent y/y. The A&D sector owes this increase mainly to the development of civil aviation and increasing expenditures on defense in Europe – according to a report by the consulting company D...