Play Q2 profit beats consensus

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).

New state-run economic think tank established

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).

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...

Alior Bank and Bank Pekao call off merger

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...

Eurostat: Retail sales up by 5.5% in June

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.

Unemployment at 5.9% in July– Labor ministry

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.