Locked content KGHM signs 5-year contract for PLN 7.5-8.1 bln

Copper mining giant KGHM will deliver nearly 300,000 metric tonnes of copper wire rods to cable manufacturer Tele-Fonika Kable over the period of five years for an estimated value of PLN 7.5-8.1 billion, KGHM’s CEO Rafał Pawełczak told PAP. The mining company will deliver at least 58,000 tonnes of c...

Locked content Bank Handlowy’s Q1 profit increases

Bank Handlowy reported consolidated net profit of PLN 145.84 million in Q1 2018, compared to PLN 42.66 million in the corresponding period of last year, the lender stated in a report. Profit from interest amounted to PLN 277.17 million, up from PLN 254.28 million in Q1 2017, while profit from commis...

Locked content V4 and Balkan states support EU expansion

Heads of Foreign Affairs of the Visegrád Group (V4), which includes Poland, Hungary, Czechia and Slovakia, as well as the Balkan members of the EU (B4): Greece, Romania, Bulgaria and Croatia, agreed to support the expansion of the European Union to include six Western Balkan states: Albania, Serbia,...

Locked content Orban visits Poland to talk EU budget and migration

On Monday, Hungary’s Prime Minister Victor Orban will meet with PM Mateusz Morawiecki and President Andrzej Duda. This will be the first visit of PM Orban to Poland after the victory of Fidesz in the latest election. EU budget, migration policy, as well as regional cooperation and bilateral relation...

Locked content Less EU funds for Poland result from economic growth – Cretu

Less EU funds for Poland in the next EU budget is not a punishment, but the result of economic growth, the EU Commissioner for Regional Policy Corina Cretu said on Friday. Referring to the European Commission’s proposal on the budget for 2021-2027, Cretu said that some EU countries would recei...

Locked content Fuel prices keep growing

Fuel prices at gas stations are rising, and nothing indicates the growth should stop in the near future. Analysts predict that the price of 95 petrol will exceed PLN 5 this week. The reasons behind are the world politics and possible rise of tax on petrol in Poland. During the week average gasoline ...

Locked content Ten Square shines in market debut

Mobile games producer Ten Square Games shares debuted on Warsaw Stock Exchange at PLN 52.2 on Friday. The price was 13.5 percent higher compared to IPO offer. Ten Square Games is 479th company on Warsaw Stock Exchange. It’s also the fourth IPO on GPW main market in 2018. Ten Square Games confi...

Locked content UOKiK approves Netia’s acquisition by Cyfrowy Polsat

Poland’s antitrust watchdog UOKiK has approved WSE-listed telecom group Cyfrowy Polsat takeover of another listed operator Netia. Currently, Cyfrowy Polsat owns an approx. 32 percent stake in Netia. It will acquire further 34.24 percent (119.3 million shares),  receiving a controlling interest. Cyfr...

Locked content Investment funds assets decline in April

Poland’s investment funds assets in April amounted to PLN 280.5 billion, declining by 2.7 percent compared to a previous month, a report by researcher Analizy Online and asset management lobby IZFiA showed. “Such a large” change was caused by withdrawal of money from one of the ded...

Locked content Record high April passenger traffic at Katowice Airport

More than 293,000 passengers were processed at the Katowice Airport in April, 56,700 passengers (24 percent) more than in the corresponding month of 2017. This is the best April result in the airport’s history and the 15th consecutive month of double-digit increase, Piotr Adamczyk, the spokesperson ...