Economic climate improves in Q1 – IRG SGH

The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) increased by 1 points quarter-to-quarter and amounts to -7.8 points in Q1 2017. In year-to-year terms the index has dropped by 2.3 points.

Locked content Maspex to wait with IPOs till its owners retire – CEO

Food producer Maspex doesn’t plan on floating its shares on the stock exchange for the foreseeable future. The only scenarios that could change it are potential sizeable acquisition or bowing out of business of its current owners, company’s CEO, Krzysztof Pawiński told Reuters. “The fact...

Locked content Polish banks with nearly PLN 14 bln profits last year – KNF

The Polish bank sector had PLN 13.91 billion in net profits last year, according to data released by the financial authority watchdog KNF, which is a 24.3 percent increase y/y. Such good result is mostly from the sales of Visa Europe to Visa Inc., which Polish banks got some PLN 2 billion from. Inco...

Locked content Bank Pekao with better than expected Q4 results

WSE-listed Bank Pekao edged out consensus expectations with a PLN 494.7 million net profit, down by 5 percent q/q. The analysts expected a PLN 479 million. For the whole 2016, the company posted a PLN 2.28 billion profit (0.6 percent down y/y), which according to the bank’s CEO, Luigi Lovaglio...

Locked content Retailer Dino mulls IPO

Supermarket chain Dino plans to debut on the WSE in Q2 this year, company’s CEO Szymon Piduch said. The minority shareholder, Polish Sigma Group investment fund which owns 49 percent of the company plans to sell 4.8 million of its existing shares. The majority owner, Tomasz Biernacki plans to ...

Locked content Unimot sets IPO price

Fuel trader Unimot, listed on the alternative, small-cap market set the price of its planned IPO of 2.2 million new J-shares at PLN 45 apiece. The maximum price was set at PLN 47. The offer involves moving the company to the WSE main market. The company plans to raise PLN 88 million earmarked for R&...
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Locked content Poles less eager to emigrate – DGP

Daily Dziennik Gazeta Prawna published a report which states that the number of Poles that plan to move abroad to work and live has dropped in Q3 of last year to 207,000 (compared to 252,000 in Q2) according to Central Statistical Office (GUS) data. The reasons for the decline are numerous, both pol...

Locked content WSE with the third most IPOs in Europe – PwC

The Warsaw Stock Exchange placed third in the annual PwC ranking of the European bourses with the highest number of IPOs last year. WSE had 28 initial public offerings in 2016 (compared to 33 in 2015), behind the London bourse (697 IPOs) and the Nordic Nasdaq OMX with 80 floatings. When it comes to ...
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Locked content Most Poles plan to retire as soon as possible – study

According to the report published by the Warsaw School of Economics, 59.1 percent of Poles plan to retire as soon as they’ll reach the retirement age, only 29.1 percent plan on working longer, while 11.1 percent will “actively seek retirement before reaching the necessary age, even if it will ...