Locked content No more bond issues for this year’s borrowing needs

Poland’s Ministry of Finance has completed the market financing of the country’s borrowing needs for 2014, according to a statement quoted by ISBnews. After the summer vacation, the ministry will obtain new tranches of loans from international financial institutions in order to formally close the bo...

Locked content Value of leased assets exceeds PLN 21 bln in H1

Companies from the Polish leasing sector financed transactions worth more than PLN 21 billion in the first half of 2014, according to data published by the Polish Leasing Association. The figure has increased by 31.8 percent compared to H1 2013. It is also higher than the so-far record result record...

Locked content Polimex to issue bonds to ARP

Troubled construction company Polimex-Mostostal will issue bonds worth PLN 140 million, to be purchased by the Industrial Development Agency (ARP), the company said in a statement on Thursday. The issue is part of a new stage of the firm’s restructuring plan. Part of the issued bonds will be convert...

Locked content Banks aggregate profit grows in H1

The Polish banking sector recorded a net profit of PLN 8.73 billion in January-June 2014, the National Bank of Poland said on Thursday. In year-on-year terms the profit grew by 6.35 percent. The net income from banking activity amounted to PLN 29.32 billion in H1 2014, 5.37 percent more than in the ...

Locked content Individuals expect inflation at 0.1%

In mid-July private individuals in Poland expected inflation to be at 0.1 percent within a year’s time, the National Bank of Poland said on Thursday. The figure is the lowest in the history of the survey. The NBP calculated the data based on a survey carried out by statistics office GUS. At the time...
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Poland’s highway overhaul

Despite the huge amounts of money spent on Polish roads over the past few years, the country’s high-speed road infrastructure is still patchy at best, although the new EU budget for 2014-2020 promises to change this

Locked content P4 to issue bonds and pay cash to owners

P4, the operator of the Play mobile telephony network, will issue bonds worth €415 million in order to secure cash payouts for its shareholders, Parkiet reports. Earlier this year, P4 issued bonds worth €900 million. The company’s shareholders, Icelandic fund  Novator and Greek fund Tollerton, then ...