Business

100 milliseconds is not a lot of time, yet that is how long an auction for an advertising spot takes. With big data analytics, advertisers no longer have to choose randomly which spots to bid for. And as many examples show, intuition can be flawed: if you want to sell [...]
Wed, Nov 22, 2017 11:39:00 AM, Continue reading at the source
General contractor Unibep has held a topping-out ceremony at the construction site of the Ogrodowa Office project, which Warsaw Stock Exchange-listed investor Warimpex is now developing in downtown Łódź. The seven-floor scheme is scheduled to be completed in the spring of next year. The Ogrodowa Office development will comprise 28,600 [...]
Wed, Nov 22, 2017 11:33:00 AM, Continue reading at the source
According to the Environment Minister Jan Szyszko, Poland can’t be fined for logging in the primeval Białowieża forest as it has been abiding by the EU laws. “We do not face any penalties and this is clearly stated in the provisional application that we received from the European Court of [...]
Tue, Nov 21, 2017 10:00:00 PM, Continue reading at the source
This year Poles intend to spend PLN 882 on average on gifts, food, and meetings with their close ones on Christmas, which is 2 percent more than last year, according to a study by consulting firm Deloitte. It was added that we would like to spend more on gifts than [...]
Tue, Nov 21, 2017 9:50:00 PM, Continue reading at the source
The District Court in Kraków declared WSE-listed retailer Alma bankrupt and approved the terms of sale of part of its assets to Immomok (Leclerc subsidiary) for PLN 94 million net, Alma said in a market filing. Alma filed for bankruptcy back in February…. This content is for Silver 6 months, [...]
Tue, Nov 21, 2017 9:40:00 PM, Continue reading at the source
The EU has agreed to abolish geoblocking in online retail trade. After the new regulation come into force, customers from the whole bloc will be able to purchase goods and services on any website in the EU, without being redirected to local sites with differing prices. “Removing unjustified blocking on [...]
Tue, Nov 21, 2017 9:28:00 PM, Continue reading at the source
WSE-listed debt collector GetBack won the tender to buy debt portfolios with a combined nominal value of €246 million from an unnamed Spanish bank, the company said in a market filing. The company declined to release the price it paid, but according to the filing it is “a market price [...]
Tue, Nov 21, 2017 9:08:00 PM, Continue reading at the source
Polish non-financial enterprises earned net PLN 95.9 billion at end-Q3, up 7.9 percent y/y, while investment outlays dropped by 1 percent to PLN 80.2 billion, data from Poland’s Central Statistical Office (GUS) showed. Revenues from total activity increased by 9.4 percent y/y to PLN 1.9 trillion, while the cost of obtaining [...]
Tue, Nov 21, 2017 9:03:00 PM, Continue reading at the source
State-owned, biggest coal miner Polska Grupa Górnicza will invest some PLN 750 million by 2030 on the modernization of processing facilities in order to improve coal quality and meet market requirements, company’s CEO Tomasz Rogala said. On top of that, PGG plans to spend over PLN 500 million on new [...]
Tue, Nov 21, 2017 8:47:00 PM, Continue reading at the source
WSE-listed restaurant operator AmRest posted a PLN 85.25 million attributable net profit in Q3, above consensus expectations for PLN 70 million, and up by 36.5 percent y/y. Revenues amounted to PLN 1.35 billion, in line with expectations and 17.1 percent y/y increase. EBITDA increased 24.8 percent y/y and surpassed PLN [...]
Tue, Nov 21, 2017 8:35:00 PM, Continue reading at the source