Yesterday "Gazeta Wyborcza" has officially launched its new online recruitment portal - Praca.gazeta.pl. The website holds the most extensive collection of recruitment advertisements for jobseekers around Poland - around 12 000 in total. In addition to a large number of job ads, the service offers broad functionality and editorial content, which facilitate job search.
The launch of the recruitment portal is continuation of "Gazeta’s" successful Monday supplement – Employment, which is the oldest and largest recruitment section in Poland. In January 2006, the Warsaw edition of employment saw a record volume of 124 pages. The launch underlines the leading market position of Agora, which is being fortified in the advent of an expected launch of new Axel Springer quality daily.
While we expect slightly positive market impact from the news, we reiterate our Buy rating for Agora with PLN 60.0 fair value estimate.