Image : PZL Mielec

Duda: Poland to increase military spending

President Andrzej Duda, announced during the NATO summit, that he spoke with Deputy PM Mateusz Morawiecki regarding increasing Poland’s defense spending. “Poland will spend 2.2 percent of its GDP on military until 2020, and until 2030 we will further increase it to 2.5 percent.”

Poland’s deficit depends on early retirment – Morawiecki

Deputy PM Mateusz Morawiecki said Polish deficit will be lower than planned PLN 59.4 billion, however its size will depend on how many people will take advantage of a lower retirement age. In the first four months, the deficit reached 1.5 percent of the yearly plan, compared to 20.5 percent last yea...

Locked content Asseco Poland Q1 profit drops

WSE-listed IT group Asseco Poland posted PLN 60.9 million attributable net profit in Q1, a 7 percent y/y decline. Revenues amounted to PLN 2.06 billion (12.1 percent y/y increase), while EBITDA dropped by 4.5 percent y/y to PLN 246.3 million. In revenues, sale of software and services increased by 1...

Locked content JSW plans PLN 1 bln CAPEX this year

WSE-listed coal miner JSW plans to spend PLN 1 bln on investments in 2017, acting CEO Daniel Ozon said. “This amount is the total planned CAPEX for the whole JSW and JSW Koks group,” he explained. Ozon added that one of the major projects will be building new coking batteries, which he hopes will st...
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Tusk: no ‘common position’ on Russia with Trump

The European Council President Donald Tusk, said that the EU and the US President Donald Trump do not share the same views on Russia. “I’m not 100 percent sure that we can say today – ‘we’ means Mr President and myself – that we have a common position, common opinion ab...

Locked content Enea confirms PLN 321 mln Q1 net profit

WSE-listed power utility Enea confirmed its preliminary Q1 financial results with PLN 321.2 million net profit (10.16 percent y/y growth), and PLN 666 million EBITDA (0.3 percent y/y decline) Earnings fell in the core segment of distribution on account of costs, a decline offset by strong volumes in...

Locked content CD Projekt to launch next online game in China

WSE-listed game producer CD Projekt will launch its latest online free-to-play game Gwent, based in the popular Witcher universe in China, as the company is close to securing certification there, and plans to enter the local market by the end of the year, company’s CEO Adam Kiciński said. CD Projekt...