Locked content Retail sales grow by 4.6% in April – GUS

Retail sales increased in April by 4.6 percent year-on-year and dropped by 5.3 percent m/m, according to Central Statistics Office GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 7.5 percent y/y and reduce by 2.4 percent m/m. In real terms, Polish retail sa...

Locked content GetBack names Przemysław Dąbrowski new CEO

Troubled WSE-listed debt collector GetBack’s supervisory board in restructuring appointed Przemysław Dąbrowski new CEO and Magdalena Nawłoka as a board member, the company said. At the same time, the management board delegated Paulina Pietkiewicz to a temporary role where she will be responsib...

Locked content Court orders Qumak to pay Oracle Polska PLN 8.2 mln

District Court in Warsaw ordered IT group Qumak to pay Oracle Polska liabilities in the amount of PLN 8.2 million. The liabilities are resulting from technical assistance services provided by Oracle Polska to Qumak clients, the company said. Qumak is holding talks with creditors on debt restructurin...

Locked content Maxcom establishes unit in Hong Kong

Phone maker Maxcom received 10,000 shares (100 percent stake)  in its newly established company Maxcom International Co., Limited registered in Hong Kong. The shares were acquired at a nominal price of HKD 10,000, equivalent to PLN 4,652. Arkadiusz Wilusz became CEO of Maxcom International Co., Limi...

Locked content Bloober Team’s Observer named best Polish computer game 2017

Psychological horror video game Observer by the Kraków studio Bloober Team was voted the best Polish computer game of last year at the Digital Dragons conference in Kraków, one of the largest conferences for the gaming industry, attracting over 1,500 specialists from around the world. This is the se...

Locked content Government planning construction of 22 bridges in Poland

The Polish Government is planning to build 22 bridges, including on the Vistula, Oder, Bug and Narew rivers, Prime Minister Mateusz Morawiecki has announced. “We want to create opportunities for development for smaller regions, and here bridges are especially needed,” said Morawiecki. Mi...

Locked content PKO BP with net profit of PLN 757 mln in Q1 2018

PKO Bank Polski recorded a consolidated net profit of PLN 757 million in the first quarter of 2018, compared to PLN 525 million profit a year earlier, the bank reported. The total assets of the bank amounted to PLN 295.1 billion at the end of the first quarter of 2018, compared to PLN 296.91 billion...

Locked content R22 Group finalizes acquisition of Kei.pl for PLN 22 mln

The H88 company, part of the R22 Group, has acquired a 100 percent stake in Kei.pl, which provides domain hosting and sales services. The value of the transaction is approximately PLN 22 million, R22 reported. “According to estimated data, in 2017 Kei.pl generated about PLN 8.8 million of reve...