Locked content Tusk to Macron: Europe needs your energy

Newly elected French President Emmanuel Macron met with European Council President Donald Tusk for the first time since taking office. “Europe needs your energy, your imagination and your courage. And when I say Europe, I am not thinking about the institutions or bureaucracy, but about millions of E...

Locked content EBRD invests €25 mln in Żabka

The European Bank for Research and Development (EBRD) is taking part in the acquisition of discount retail chain Żabka, with an equity investment of up to €25 million, the bank announced. “The EBRD investment will support the continued strengthening of corporate governance and setting standards in ‘...

Locked content Superior Industries raises prices in Uniwheels bid

Despite its earlier statement, that the offer is final, Superior Industries has raised its offer for the German WSE-listed alloy wheels producer Uniwheels to PLN 247.87 apiece, from the previous PLN 236.07. The new bid puts the value of the company at PLN 2.91 billion. After agreeing to buy 61.29 pe...

Locked content AmRest Q1 profit below expectations

WSE-listed restaurant operator AmRest posted a PLN 20.6 million attributable net profit in Q1, way below consensus expectations for PLN 40.6 million, mostly due to increased costs. Revenues amounted to PLN 1.14 billion, in line with expectations and 33.7 percent y/y increase, in line with preliminar...

Locked content PGNiG urges EU to take a tough stance on Gazprom

WSE-listed, state-owned gas giant PGNiG asked the European Commission to take a tough stance in its antitrust investigation against Gazprom, proposing that the Russian behemoth should pay fines and was forced to sell its assets. “The European Commission should financially punish Gazprom and create c...

Locked content Two killed in blast at gunpowder factory in Lower Silesia

Two people died and 15 were injured in a massive explosion at a gunpowder factory in Mąkolno, Lowe Silesia. Firefighters recovered the bodies from the ruins of the factory which was completely destroyed in the blast. The explosion occurred at around 10 AM on Wednesday and the smoke was visible from ...

Locked content Report: 84% of Poles don’t plan to move abroad for work

According to the latest report compiled by HR consultancy Work Service, 84 percent of Poles don’t plan to move abroad for work, while 14 percent have such plans. The latter figure is down by 5 percent compared to the previous poll. Out of those that think about migrating, the biggest number, 29 perc...

Locked content Only Orange complies with EC rules on abolishing roaming fees

Polish mobile operators Play and T-Mobile Polska failed to fully eliminate roaming fees, while Polkomtel failed to provide a new tariff plan to the EC by May 15 deadline. Only Orange Polska fully complied with the EC regulations abolishing roaming fees, a source within the European Commission told t...

Locked content LPP suffers PLN 117 mln Q1 net loss

WSE-listed fashion retailer LPP posted a PLN 117 million net loss in Q1 confirming preliminary results, down from PLN 65.5 million the year before. Revenues amounted to PLN 1.36 billion, a 16 percent increase y/y. Lfl sales grew by 4.6 percent, with the best results recorded in Hungary, Ukraine and ...