Locked content GDP growth at 4% in 2018 – EBRD

Poland’s economic growth will increase to 4 percent in 2018 and then slow down to 3.3 percent in 2019, according to the latest forecast by the European Bank for Reconstruction and Development (EBRD). Compared to the estimates published in November 2017, this year’s GDP growth was increased by 0.6 pe...

Locked content Piotr Korycki to head Discovery and TVN in Poland

Piotr Korycki became the president of the board and MD of Discovery and TVN in Poland after acquisition of Scripps Networks Interactive by Discovery had been completed. He will report to Katarzyna Kieli, head of Discovery EMEA. Korycki has been with TVN Group for 15 years and was recently the VP of ...

Locked content Infoscan registers unit in Delaware (US)

Infoscan has registered a subsidiary in the state of Delaware (US). Infoscan prepares for entering the US market, which may have significant impact on its financial results in the near future, says the company. Infoscan has been operating since 2007. The company develops a device for remote diagnost...

Locked content Kraków intends to build bicycle paths for PLN 100 mln

Kraków intends to build 60 km of bicycle paths within the next two years. Investments will be worth about PLN 100 million. The tasks will be co-financed from EU funds under Integrated Territorial Investments. Management of Municipal Infrastructure and Transport said that bicycle paths in Kraków are ...

Locked content Redan revenues fall by 3% in April

WSE-listed clothing company Redan recorded in April consolidated revenue of PLN 50 million, a 3 percent decline year-on-year. “The area of entire sales network of Redan Group at the end of April 2018 amounted to 142,200 sqm,  by about 2 percent less compared to April 2017,”  the company ...

Locked content T-Mobile Polska Q1 adjusted EBITDA declines to PLN 401 mln

T-Mobile Polska recorded PLN 1.57 billion revenue in the first quarter, a 0.2 percent drop year-on-year. Adjusted EBITDA fell by 7 percent to PLN 401 million, the company reported. EBITDA was affected by increased costs of serving clients in roaming resulting from “roam like in home” regulation in E...

Locked content Ten Square Games will debut on WSE on May 11

Mobile games producer Ten Square Games will debut on the main market of the Warsaw Stock Exchange on May 11, the company said. Ten Square Games offered about 2 million shares in IPO equal to 28.1 percent of the capital. The price was set at PLN 46 per share. Ten Square Games was founded in…

Locked content Unemployment rate in April declines to 6.3% – MRPiPS

Poland unemployment rate in April fell by 0.3 percentage points to 6.3 percent, Ministry of Family, Labour and Social Policy (MRPiPS) said. There were 1.04 million of unemployed in April, 47,900 fewer than in March. The number of unemployed decreased in all Polish Voivodships with the strongest decl...

Locked content Cognor expects economic growth, rise of steel demand in Poland

Steel producer Cognor expects maintenance of economic growth in Poland and possible increase of demand for steel in the near future, company finance director Krzysztof Zoła said. Steel production in Poland will keep growing year-on-year in the second quarter, however without new investments, further...

Locked content Getback aims to return to normal operations

Troubled WSE-listed debt collector GetBack plans to rebuild the company value and return to normal operations. The company doesn’t exclude sale of some portfolios. A scenario with attracting an investor or investors is also possible, company representatives said. “Getback will honestly and timely in...