Locked content WSE to sell Aquis stake for £12.4 million

The Warsaw Stock Exchange will sell its 20.3 percent stake in Aquis Exchange Limited for a total of £12.39 million gross on June 14, the company said. The price per share was set at PLN 2.69. Aquis Exchange Limited is a British company that operates a pan-European stock trading market in the form of...

Locked content Nearly half of Poles will go on holidays this summer – report

As many as 42 percent of Poles are planning holiday trips this summer, according to the latest Provident research. The rest will usually last no longer than two weeks, and we plan to spend an average of PLN 2,700 on its financing. Foreign destinations are more popular among singles, while families m...

Locked content Protector wants to reduce costs in 2018 by PLN 10 mln

In 2018 Protector – manufacturer and distributor of safety, specialized and military footwear – intends to implement cost optimization program and save PLN 10 million – the company said in a statement. Protector assumes that part of the reduction initiatives will bring effects as o...

Locked content Bank Handlowy announces dividend of PLN 4.11/shr

Shareholders of Bank Handlowy decided to distribute PLN 537.01 million of 2017 profit as dividends. The payment per share will amount to  PLN 4.11, the bank said. The number of shares covered by the dividend amounts to about 130.7 million. The dividend is said to be paid on June 25, 2018. For 2016 t...

Locked content Inter Cars sales up at PLN 678 mln in May

Sales of Inter Cars Group in May increased by 16.2 percent year-on-year to PLN 678 million, the company said.  In January-May 2018  the group’s sales grew 13.6 percent to PLN 3.03 billion. Revenue of Inter Cars SA in May stood at PLN 521.6 million (a 12.1 percent increase), out of which PLN 35...

Locked content School bus accident at Zakopianka, 25 injured

On Friday around 11 AM there was a road accident of a school bus with primary school children on it. The accident happened at the route linking Kraków and Zakopane (the so-called Zakopianka). 25 passengers were injured, four of them seriously. According to information provided to journalists, 48 peo...

Locked content Minimum wage may increase to PLN 2,250 in 2019

Ministry of Family, Labour and Social Policy proposes increasing the minimum wage to PLN 2,250 and an hourly rate to PLN 14.7 in 2019. Currently, the minimum wage amounts to PLN 2,100 per month, while the minimum hourly rate is PLN 13.7. “We gave a higher offer to keep the minimum wage at arou...

Locked content Baltona May revenue up 29%

Duty-free and travel retailer Baltona recorded consolidated revenue of PLN 42.8 million in May, a 29 percent increase y/y.  In January-May revenue amounted to PLN 171.8 million, 10 percent more compared to the same period in 2017, the company reported. Retail stores (Travel Retail) generated revenue...

Locked content T-Mobile expands sales network to 660 stores

T-Mobile Polska has increased the network of its own stores by 110 as a result of the latest investments and currently owns close to 660 stores, the operator announced. The total area of new stores is 6,700 sqm. Expansion of the network has already yielded tangible business results, the company said...

Locked content Enterprise Investors buys Studenac

Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors (EI),  signed an agreement to buy 100 percent shares in Croatian grocery chain Studenac, EI said in a statement.  The transaction value was not disclosed. The deal requires obtaining antimonopoly approval. “During our...