KNF approves WSE CEO dismissal

Poland’s Financial Market regulator KNF has approved the changes to the Warsaw Stock Exchange Management Board. It authorized recalling Małgorzata Zaleska, from her post as WSE President and approved Jacek Fotek appointment as the bourse Vice President.

MPC member: rate hike needed this year

According to the Monetary Policy Council (RPP) member Eugeniusz Gatnar, a rate hike might be needed in the second half of 2017 in order to stop accelerating inflation from discouraging domestic savings. “I believe that if real interest rates were to remain negative for a longer period of time, then ...

BOŚ: GDP growth to reach 3.5% in Q1

According to BOŚ Bank analysts, Poland’s GDP will grow by 3.5 percent in Q1 2017, while the consumption dynamic will remain above 4 percent y/y. In Q4, the growth stood at 2.7 percent.

PCC Rokita 2016 net profit increases significantly

WSE-listed chemicals producer PCC Rokita had a PLN 202.72 million consolidated net profit in 2016, up from PLN 84.75 million last year (139.2 percent y/y growth). Operating profit stood at PLN 234.3 million vs. PLN 102.86 million in 2015. Revenue from sales amounted to PLN 1.107 billion, slightly up...