FinMin: Debt financing reaches 46%

The level of debt financing after the March 2, bond tender, has reached 46 percent of this year’s financing needs, the Poland’s Finance Ministry said. This amount includes PLN 28.7 billion in bond issues, PLN 4.7 billion in bond conversion and PLN 13.4 billion from the bond conversion th...

Locked content Poland to convert part of KHW’s debt into shares of PGG

Poland plans to convert 30-35 percent of Katowicki Holding Węglowy PLN 1.4 billion debt into shares of the merged Polska Grupa Górnicza (PGG)-KHW, deputy Energy Minister Grzegorz Tobiszowski said, although he admitted that such idea will be hard to accept for the banks involved in the transaction. S...

Poland to implement REIT law by 2018

Poland will present a new draft of the bill on real estate investment trusts (REIT) in several weeks, Marcin Obroniecki from the Finance Ministry said. The institution should be introduced into Polish law by 2018.

Locked content Poland wants to produce 100k electric cars annually

According to the Polish energy ministry the country plans to produce 100,000 domestically designed electric cars per annum and announced a contest for the car’s body. “We are inviting Polish entrepreneurs to participate,” Minister of Energy Krzysztof Tchórzewski said. The construction of the w...

Locked content Fiat to move Panda production to Poland – media

Fiat Chrysler Automobiles is considering shifting manufacturing of its Panda city car to Poland, media reported. The company wants to move total Panda production to Poland where labor costs are cheaper and in turn increase the production of upscale models in its Italian factories. Panda is mostly ma...

Locked content Dino retailer reveals WSE debut details

Retail chain Dino Polska will offer 49 percent of the shares in its initial pubic offering, the company said in a market filing. “The Company does not plan a capital increase and raising additional capital in the context of the Offering,” the company said. The 49 percent stake valued at PLN 48.04 mi...

Locked content Tchórzewski: Poland needs nuclear power plant

Poland needs a nuclear power plant in order to reduce CO2 emissions in its energy mix and has to take appropriate steps in the near future, Energy Minister Krzysztof Tchórzewski said in an interview with state broadcaster TVP Info. “In the nearest realistic future we will be building a nuclear plant...

Locked content JSW dismisses CEO Tomasz Gawlik

WSE-listed state-controlled coal miner JSW dismissed its CEO Tomasz Gawlik and appointed supervisory board member Daniel Ozon as an acting CEO, JSW said in a market filing. JSW’s deputy CEO Józef Pawlinów handed in his resignation on Monday, the filing also stated. The CEO’s dismissal wa...