Locked content In 25 years Polish population will shrink by 2.8 mln

During about 25 years the population in Poland will decline by about 2.8 million, Polish Central Statistical Office GUS reported. In comparison, during the last 25 years, the population grew by 360,000. The reasons for the expected decline are mortality and the end of the demographic boom. The numbe...

Locked content Energa with PLN 557 mln net profit in H1

The Energa Group recorded H1 net profit of PLN 557 million, an increase of 14 percent versus H1 2017, the company said. EBITDA grew to PLN 1.16 billion, PLN 18 million higher y/y. Revenue fell by 3 percent to PLN 5.0 billion. In H1 the group invested PLN 624 million and registered about 20,600 new c...

Locked content Deutsche Bank Polska will return account fees – UOKiK

Deutsche Bank Polska will pay back fees for accounts related to mortgage credits to current and former clients, Polish antitrust watchdog UOKiK informed. The measure will allow the bank to avoid financial penalty. UOKiK started proceedings against Deutsche Bank Polska in May 2017. The watchdog said ...

Locked content Grupa Lotos Q2 net profit jumps to PLN 534.9 mln

Fuel giant Grupa Lotos Q2 net profit grew to PLN 534.9 million from PLN 157.4 million a year ago. Operating profit was PLN 897.9 million versus PLN 172.9 million y/y. EBITDA stood at PLN 1.08 billion versus PLN 383.6 million y/y. Consolidated revenue rose to PLN 7.53 billion from PLN 5.45 billion in...

Locked content Used cars imports up 6.7% y/y in July – Samar

Over the first seven months of the year, Poland imported 587,187 used passenger cars, marking an 8.0 percent increase compared to the corresponding period of last year, according to data from sector research firm Samar. In July alone there were 89,405 used passenger cars imported to Poland, marking ...

Locked content JSW Koks will increase wages by 9%

Coal company JSW Koks will increase employee wages by 9 percent from August. The personnel will also receive one-off bonuses of PLN 1,000. The agreement between the trade unions and the management of the company has been reached after several weeks of negotiations. Union members calculated that afte...

Locked content Small plane caused delays at Chopin Airport

25 plane take-offs and landings were suspended at Warsaw Chopin Airport on Tuesday due to an unplanned “approach of a small plane”, the airport informed. The average delay time was about 30 minutes. Besides the delays, the situation did not affect passengers in any way, the statement sai...

Locked content PLN 11.3 bln spent on “Family 500+” program

As of June 30, PLN 11.3 billion were spent from the budget on “Family 500+” program, Ministry of Family, Labour, and Social Policy said. More than 3.7 million children up to 18 years have received support from the program, it added. “Family 500+” program was launched in April...

Locked content Inwestorzy.TV buys 97.75% in Inwestycje.pl

Media company Inwestycje.pl and its shareholders, Przemysław Spyra and Greycloud, who own 97.75 percent of the stake, signed an agreement with Inwestorzy.TV. Under the agreement, Inwestorzy.TV will receive 97.75 percent of Inwestycje.pl stake, and the two companies will merge by the end of 2019. Inw...

Locked content Asbis confirms 2018 outlook, may upgrade it

WSE-listed IT company Asbis “fully” confirmed net profit forecast of $9-10 million for 2018. Taking into account the continuation of strong trends from H1, Asbis may update outlook, the company said. In H1 Asbis net profit jumped to $2.9 million from $1.0 million in H1 2017. Revenue grew...