Locked content EC mulling steps over ASF virus in Poland

The European Commission is considering increasing restrictions for Poland related to the presence of the African swine fever (ASF) virus in the country, radio station RMF FM reports. The area labeled as infected with the virus may be expanded. The area could be extended in one place and reduced in a...
Image : Mayland Real Estate

Locked content Serenada mall with €140 million financing

France-based investment holding Foncière Euris will finance the construction of the Serenada retail center in Kraków. The investment is valued at €140 million. The developer of the scheme, Mayland Real Estate, is scheduled to start construction in October of this year and deliver it in 2016, Maciej ...

Locked content Higher profits, lower premiums in insurance sector

Both life and non-life insurers in Poland exceeded their net profit expectations in the first quarter of 2014, according to a report issued by the Financial Supervision Authority (KNF) on Thursday. However, gross written premiums were lower than planned. The biggest discrepancy is in the financial r...
Image : Wikimedia

Tamborski approved as Warsaw Stock Exchange CEO

Financial regulator KNF has approved the candidature of Paweł Tamborski for the WSE chairman role. According to a KNF release, extraordinary measures have been taken to make sure that Tamborski meets the qualifications required by the Trading of Financial Instruments Act.

Locked content PHN buys back bonds for nearly PLN 700 million

Eleven SPVs of real estate group Polski Holding Nieruchomości have bought back some of their registered bonds before maturity, worth a total of PLN 686.8 million. The bonds have been acquired by another subsidiary of the group – PHN 3. The partial buyback was financed by PHN 3 via a capital in...

Locked content Abris appeal eases order to sell FM Bank stock

Financial market regulator KNF has reversed its order for Abris-EMP Capital Partners Ltd. to sell its stake in FM Bank PBP. Nonetheless, the regulator upholds a ban on exercising voting rights by the investor. A 4:1 majority voted to maintain the ban, allowing for the KNF to launch a sale of shares ...

Locked content Finance Ministry upholds growth forecast

The Polish Ministry of Finance maintains its forecast for 2014 GDP growth at 3.3 percent despite worse macro data, Finance Minister Mateusz Szczurek was quoted as saying by the Polish Press Agency. “The huge quarter-on-quarter economic growth recorded in Q1 will be hard to repeat in Q2. We can see t...
Image : Immobel

Locked content Immobel launching Cedet redevelopment

Belgian developer Immobel is launching the redevelopment and expansion work of the Cedet retail/office scheme located on Al. Jerozolimskie and ul. Krucza, in Warsaw’s city center, the company said in a statement. The developer recently obtained the City Hall’s permit for the reconstruction, which is...

Locked content AB to issue bonds

WSE-listed IT distributor AB is considering the issue of bonds worth PLN 100 million to finance further development, Puls Biznesu reports. So far it has used mostly bank loans for the purpose, but it wants to diversify the financing structure. “The bond issue will allow us to obtain stable financing...