Locked content Poles wait to buy Christmas gifts until the last moment – report...

More than half of Poles (57 percent) is waiting to buy Christmas presents at the last minute, according to a study conducted by Kantar TNS, for the global e-commerce giant eBay. The biggest reason for such procrastination is lack of time and promotional offers. “The tradition of giving presents next...

Locked content URE: more clients change their electricity and gas providers

According to data released by the Energy Regulatory Office URE, some 715k customers have changed their electricity provider at end-Q3. In the same period, 122k households and companies switched their gas providers. During the first nine months of the year, as many as 529k households decided to chang...

Locked content Poland to sign Kyoto amendment this year

Poland will sign the amendment amendment to the Kyoto Protocol on carbon emissions this year, the environment spokesman said. Till now, Warsaw was the only EU member state which did not ratify the document. After the legislative process in which the decision is approved by the Polish parliament and ...

Locked content Dino Q3 profit up by 22.3%

WSE-listed retailer Dino increased its Q3 net profit by 22.3 percent y/y to PLN 63.54 million, the company said in a market filing. Revenues amounted to PLN 1.22 billion, up 33.1 percent y/y, while operating profit stood at PLN 86.4 million, a 45.5 percent y/y increase. Like-for-like sales increased...

Locked content Comarch snatches flagship ZUS contract from Asseco

WSE-listed IT firm Comarch has won the tender for maintenance of social security ZUS’s core KSI IT system. The winning offer was PLN 242 million, while the creator and current maintainer WSE-listed Asseco bid PLN 374 million. The contract will run for four years. “I strongly underline that we ...

Locked content Morawiecki: OFE reform in 1-2 years

According to Deputy PM Mateusz Morawiecki, the long-planned reform of the Open Pension Funds (OFE) should be implemented within the next 1-2 years. “We want to sort of privatize OFEs, the part with equities would be transferred to Individual Pension Accounts (IKE), while corporate bonds business wou...

Locked content mBank not interested in Deutsche Bank Polish assets – CEO

According to the CEO of mBank, Cezary Stypułkowski, the WSE-listed lender is not interested anymore in acquiring Deutsche Bank Polska. He added that the potential takeover of Idea Bank is also off the table. “When it comes to business model, Idea Bank is not a right fit for us,” he explained, adding...

Locked content LPP plans PLN 1.5 bln CAPEX by 2020

WSE-listed fashion retailer LPP has sustained its CAPEX forecast at PLN 1.5 billion until 2020, the company’s Deputy President Przemysław Lutkiewicz told the ISBnews press agency. The funds will be spent on both new locations and refurbishing the existing ones. He also added that the company’s first...

Locked content Poles less happy about current situation in the country – CBOS poll

In November, the percentage of people assessing that the situation in Poland is going in the right direction has fallen to 44 percent from the previous result of 49 percent, while the number of respondents claiming that it’s going in the wrong direction has increased by 4 percentage points to 40 per...