WSE-listed telecom operator Play Communications recorded a consolidated net profit of PLN 159.7 million in Q2, above the PLN 171.8 million consensus and way up by 412 percent y/y (30.6 percent q/q growth).
Poland’s investment funds recorded net inflows of PLN 560 million in July, a report by asset management lobby IZFiA showed. Cash and money funds recorded PLN 1.3 billion inflows, followed by mixed funds with PLN 162 million.
The Ministry of Finance sold PLN 1.09 billion worth of retail bonds in July compared with PLN 1.17 billion in June. So far this year, some PLN 6.9 billion worth of such coupons were sold.
President Andrzej Duda on Monday signed the act establishing the Polish Economic Institute. The new institution will replace the current the Institute for Market, Consumption and Business Cycles (IBRKK).
Polish złoty may stay under pressure until Turkish lira exchange rate stabilizes. However, EUR/PLN should not rise significantly above PLN 4.30, according to BZ WBK economists. US dollar may also weight on PLN and Polish bonds.
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...
The management boards of Alior Bank and Bank Pekao have decided to end analyzes and negotiations regarding their possible merger. It was considered that, taking into account the current valuation of both companies, the analysis of profitability and feasibility, the more beneficial option from the sh...
The growth of Polish GDP in the long-term scenario, ending in 2070, will be heading towards 1.7 percent according to results from the calculations of the Ministry of Finance.
The volume of seasonally adjusted retail trade in Poland grew by 5.5 percent year-on-year in June, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it increased by 0.7 percent.
The registered unemployment rate amounted to 5.9 percent in July, unchanged compared to June, and 1.1 percentage points lower y/y, based on estimates from job centers, the Ministry of Family, Labor and Social Policy announced.