Locked content Mercor June orders up 5% y/y

Producer of fire protection systems Mercor recorded June orders at PLN 33.1 million versus PLN 31.6 million a year ago. This is a 5 percent growth y/y. In Q1 of financial year 2018/2019  the orders stood at PLN 98.4 million, showing an increase of 22 percent y/y. Mercor expands its presence abroad n...

Locked content EC lowers eurozone’s GDP forecast

The European Commission revised GDP growth forecast for the euro area citing tensions in the trade with the United States and rising oil prices as main reasons. The forecast was lowered to 2.1 percent from 2.3 percent projected in May.  The outlook for 2019, however, did not change: the growth of 2 ...

Locked content Elering no longer picks Rafako as best bidder

Estonian energy system operator Elering canceled the choice of Rafako offer for construction of two gas compressor stations as most favorable. The value of the offer was about €50 million, the company said in a statement. The decision is final and results from the cancellation of one of the counter-...

Locked content Decline in grain harvest due to drought

Grain harvest may fall to 27.5 million tons from 31.9 million tons in 2017 due to drought, analysts from the Institute of Agricultural and Food Economics forecast. In June the Institute experts assessed that in 2018 grain harvest could amount to 30.5 million tons. In 2017 Polish domestic grain harve...

Locked content EasyJet launches new London connection from Kraków

British budget airline easyJet will launch a new connection between Kraków and London Luton airport starting from November 29. After this Kraków Airport will have four direct connections with London airports. Flights operated by Airbus A320 aircraft will be scheduled four times a week: on Mondays, W...

Locked content Bumech creditors in favor of arrangement proposal

On Thursday Bumech creditors voted in favor of approving arrangement proposal, the company said. The court hearing regarding accepting arrangement proposal is scheduled for July 31. In April Bumech proposed to divide creditors into three groups. The company offered to pay the full amount in 96 insta...

Locked content Kredyt Inkaso FY net profit up at PLN 5.6 mln

Debt collector Kredyt Inkaso recorded FY 2017/2018 consolidated net profit of PLN 5.6 million versus PLN 5.5 million a year ago. Operating profit grew to PLN 42.2 million versus PLN 25.3 million y/y. Consolidated revenue in FY 2017/2018 amounted to PLN 122.7 million compared to PLN 92.6 million a ye...

Locked content Tarczyński sells production plant for PLN 28 mln

WSE-listed Tarczyński signed an agreement to sell an organized part of the enterprise, a meat production plant in Sława, to the meat processing plant “Sława”, the company said. The sale price was set for a total amount of PLN 28 million. The company decided to sell the plant in order to ...

Locked content 40% of Poles do not segregate waste

Although many declare high awareness of the rules for packaging waste segregation, 40 percent of Poles do not do it at all – according to a study by Kantar TNS and the ProKarton foundation. Only one in three knows where to throw away an empty milk or juice carton. The Foundation informed that ...

Locked content Łódź gets PLN 11 mln EU funds on hospice for adults

The association building the first stationary hospice for adults in Łódź has received PLN 11 million of EU funding. The renovated building will be adapted to accept 50 oncological patients within two years. The funds raised by the Stowarzyszenie Hospicjum Łódzkie NGO come from the Regional Operation...