Section: Warsaw Business Journal (Poland)
LPP suffers PLN 117 mln Q1 net loss
WSE-listed fashion retailer LPP posted a PLN 117 million net loss in Q1 confirming preliminary results, down from PLN 65.5 million the year before. Revenues amounted to PLN 1.36 billion, a 16 percent increase y/y. Lfl sales grew by 4.6 percent, with the best results recorded in Hungary, Ukraine and Czechia. Gross margin for the… This content is...
WSE suspends trading of 12 companies
The Warsaw Stock Exchange has suspended the trading of a number of companies after they failed to provide the financial statements for 2016 on time. KDM Shipping, Ukrainian logistic company, dairy producer Milkiland, coal producers New World Resources, and Sadovaya Group will have their trading suspended until the companies file their financial...
PGNiG to sell 218 mln cm3 of gas to Ukraine
WSE-listed, state-controlled gas utility PGNiG will sell 218 million cubic meters to Ukrainian firm Ukrtrans, the company said in a press statement. “Last year, we’ve begun exporting our gas to Ukraine, which was a success. This whole time we’ve been carefully analyzing the local market, looking for new opportunities there,” deputy...
Poland reopens its Ukrainian consular posts
Poland’s ministry of foreign affairs has reopened its consular posts in Ukraine, after a grenade attack on its diplomatic post in Lutsk. “The Ukrainian side has taken the necessary measures to ensure the security of Polish foreign service staff and diplomatic and consular missions across the country. However, the MFA reserves the right to...
Poland shuts its consulates in Ukraine after grenade attack
Poland has temporarily closed its consulates in Ukraine after a grenade attack on its diplomatic post in Lutsk. They will remain closed “until the expectations of Poland regarding the protection of diplomatic and consular missions in Ukraine have been fulfilled,” Polish deputy Foreign Minister Jan Dziedziczak said after his meeting with Ukrainian...
PZU-Pekao takeover deal approved by Ukrainian authorities
Polish insurer PZU along with Polish Development Fund (PFR) received consent of the Antimonopoly Committee of Ukraine to takeover the majority shares in bank Pekao. “The granting of the above-mentioned consent means that one of the conditions precedent for the acquisition of a significant block of shares in the Bank by PZU SA acting in… This...
Up to 94% of Ukrainians want to return to work in Poland – report
As many as 94 percent of Ukrainian nationals who work in Poland wants to return here to continue working, the IPF Group report on Ukrainian workers in Poland said. Among them, 64 percent decided to work in Poland due to higher wages, 18 percent give lack of work in their home country as the reason… This content is for Silver 6 months, Gold 1 Year...
Poland to extradite popular file-sharing site owner to the US
Polish court decided, that Ukrainian Artem Vauiln, can be extradited to the US for copyright infringement charges. Vaulin operated a popular peer-to-peer filesharing website Kickass Torrents, he was arrested in Warsaw in July last year. “It is legally admissable to hand over the citizen of Ukraine, Artem Vaulin to US justice authorities,” the...
Over 6 mln foreigners visited Poland in 2016 – GUS
The number of foreign tourists who visited Poland last year stood at 6.1 million representing a 7 percent growth from 5.7 million the year before, the Poland’s Central Statistical Office (GUS) data showed. Most visitors came from Germany with 1.6 million followed by the UK tourists with 443,000 visitors. Ukrainians were the third nation...
WSE suspends Westa ISIC and JJ Auto trading
Warsaw Stock Exchange has suspended the trading of Westa ISIC and JJ Auto shares for failing to provide the financial statements for 2014/15 fiscal period. The trading will be resumed if the companies provide the necessary reports. Westa is an Ukrainian car battery producer, while JJ Auto is a Chinese car parts maker and distributor…. This...
