Locked content Beekeepers appeal against use of harmful pesticides

Greenpeace and representatives of several beekeeping organizations appealed to Minister of Agriculture Krzysztof Ardanowski asking to withdraw his consent for use of pesticides harmful to bees. The approval for use of neonicotinoid pesticides was issued in July. The head of the Polish Beekeeping Ass...

Locked content Novaturas Q2 net profit almost flat at €3.5 mln

WSE-listed Lithuanian tour operator Novaturas reported Q2 consolidated net profit of € 3.5 million compared to €3.4 mln y/y. Operating profit grew to €4.5 million from €3.9 million in Q2 2017. EBITDA increased to € 4.6 million from €4.1 million y/y. Q2 revenue rose to €54.4 million. In H1 Novaturas ...

Locked content Bank Pekao Q2 net profit up at PLN 539.8 mln

Bank Pekao group Q2 net profit grew to PLN 539.8 million from PLN 535.1 million a year ago, above analysts’ forecast of PLN 536.2 million. Q2 net interest income stood at PLN 1.24 billion, close to the expectations. The interest margin increased in Q2 to 2.83 percent from 2.82 percent y/y. The...

Locked content Pension funds buy shares for PLN 600 mln in July

Pension funds bought Polish shares for about PLN 600 million in July, according to estimations by brokerage Trigon. MetLife and NN OFE spent the most (PLN 260-280 million each), while Aegon OFE  was the only significant seller (PLN -57 million). Trigon DM added that the attitude towards foreign shar...

Locked content Torpol with PLN 1.5 bln best offer in PKP PLK tender

WSE-listed construction firm Torpol filed the best PLN 1.5 billion net (PLN 1.84 billion gross) offer for works at the Gdynia Port railway station. Torpol, along with PUT Intercor offer was best in terms of price, deadline and experience, the company said in a market filing. PKP PLK planned to spend...

Locked content WSE turnover drops in July

Equity turnover on the main market of the Warsaw Stock Exchange in July amounted to PLN 15 billion, a 28.9 percent year-on-year decrease, the stock exchange has announced. The bourse also announced that turnover on the bond Catalyst market amounted to PLN 181.4 million in July, a 1.4 percent y/y dec...

Locked content Daily sales down 9.7% in June

The sales of Polish daily newspapers has dropped by 9.7 percent y/y to 626,317 copies in June, according to data by The Association of Control of Press Distribution (ZDKP). The top-selling newspaper continues to be tabloid Fakt with 236,756 copies sold daily on average (8.95 percent y/y and 4.91 per...

Locked content New car registrations up by 25% y/y in July

The number of new registrations of passenger cars and vans in Poland in July amounted to 51,958, according to data from sector research firm Samar. The figure grew by 24.86 percent year-on-year and fell by 0.96 percent month-on-month. This was the 40th consecutive month of growth and best result in ...

Locked content OFE assets up by 5.4% in July

The net assets of the Polish private pension fund (OFE) amounted to some PLN 166.9 billion in July a 5.4 percent month-on-month decrease, according to a report issued by researcher Analizy Online. In the last 12 months, however, OFE assets decreased by 3.1 percent. Last month, the average return rat...

Locked content Jaguar Land Rover terminates import deal with BAH. Stock plummets

Jaguar Land Rover Limited terminated the import agreement with WSE-listed British Automotive Holding. As a result, the company’s shares dropped by over 50 percent. According to BAH, the agreement will expire on August 1, 2020. The subject matter of the contract is, among others, to regulate the rule...