Locked content Nice buys smart home operator Fibaro

Italian-based Nice bought 100 percent in Fibar Group, a producer of smart home system Fibaro. The value of the transaction is PLN 250 million. This is the biggest Nice Group investment in the smart home and Internet of Things sector. Fibaro says that having Nice as a strategic investor will allow of...

Locked content T-Bull sets share price at PLN 50/shr

Game producer T-Bull set price for F series shares at PLN 50 per share. The company will issue 40,000 shares. 21,103 shares will be offered to individual investors and the remaining 18,897 will be allocated to institutional investors. The company decided to issue shares due to plans of moving to the...

Locked content Fuel prices may decline – BM Reflex

The drop in crude oil prices should stop the increase of fuel prices and may lead to their decline, which has not been observed for a long time, BM Reflex analysts said. Wholesale gasoline and diesel prices fell by about PLN 0.06 per liter during the last few days. The average retail prices for gaso...

Locked content Agora will write down about PLN 13.6 mln

Media group Agora decided to make a write-down on overdue receivables for about PLN 13.6 million. The amount is not final and may be changed during the review of financial statements, the company said. The write-down can have a negative effect on the financial results, Agora warned. The company plan...

Locked content TFI assets fall by 1.3% in June

The assets of Polish investment funds (TFIs) fell by 1.3 percent month-on-month to PLN 280.2 billion in June, according to Analizy Online and IZFiA. The value of accumulated capital decreased both in the segment of retail solutions (PLN -1.5 billion) and the dedicated (PLN -2.3 billion). The decreas...

Locked content Amica back in talks to buy Spanish Fagor

WSE-listed white goods producer Amica started talks with a Spanish contractor with rights to the Fagor brand, aimed at acquiring a license for this brand, the company said. Back in November, Amica submitted a €5 million offer for the Fagor brand owned by the bankrupt Spanish appliance group Edesa In...

Locked content Freight trains’ trade speed up to over 25 km/h

The trade speed of freight trains increased in 2017 to over 25 km/h in Poland. During the last two years, there has been a slight increase in average speed. However, it is still low compared to other countries and has a negative impact on the competitiveness of rail transport – said the Office...

Locked content EC lifts Poland’s 2018 GDP growth forecast to 4.6%

The European Commission increased Poland’s 2018 GDP growth forecast to 4.6 percent from its previous estimate of 4.3 percent issued in May. The forecast for 2019 still remains at 3.7 percent. EC economists say inflation in 2018 should come in at 1.3 percent (unchanged). In 2019 inflation is expected...

Locked content NFOŚiGW invests PLN 36 mln in water and sewage networks

The National Fund for Environmental Protection and Water Management (NFOŚiGW) will co-finance modernization of water and sewage networks in Śląskie (Kozy municipality) and Wielkopolskie (Śmigiel municipality) voivodships. NFOŚiGW will provide PLN 36 million, the fund said in a statement. The value o...

Locked content Torpol participates in tenders for over PLN 5 bln

Railroad construction company Torpol, which currently executes contracts for PLN 2.8 billion net, participates in new tenders for more than PLN 5 billion. The company wants, among others, to take part in a project for improving railway communication with Port of Gdynia. The value of the Torpol offer...