Locked content LOT to lease four bigger Dreamliner planes

Polish state-owned airline LOT will lease four new Boeing 787-9 Dreamliner planes, company’s CEO Rafał Milczarski said. The new machines can carry 294 passengers, 42 more than the 787-8 model currently used by LOT. LOT currently operates six Dreamliner machines, with two more being delivered t...

Locked content Maxcom mulls IPO

Phone manufacturer and distributor Maxcom has filed a prospectus to the financial market regulator KNF ahead of the planned IPO, company announced. “This is the next step to strengthen our position, not only in Poland but in other European countries as well. Were sure that our IPO and resources we w...

Locked content Bloomberg: Poland to be Brexit’s biggest loser?

Poland might be one of the Brexit’s losers, according to Bloomberg. The UK’s exit from the EU, might hurt Polish economy directly and indirectly and cost it billion of euros. “It’s obvious that Brexit is crucially important to us,” Deputy Foreign Minister Konrad Szymański was quoted as s...
Boeing 737 MaxImage : Boeing

KIO: VIP plane contract breaks the law

Poland’s National Appeal Chamber (KIO), a first instance body responsible for review of appeals concerning public contracts, said that the deal between Ministry of Defence and Boeing for delivery of three B737 planes which will transport top Polish officials was signed against the law. But it ...

Locked content Poland to spend PLN 23.1 bln on 500+ program this year

Polish government will spend PLN 23.1 billion on the Family 500+ program this year, Government Information Center said. Last year, the program cost PLN 17 billion since its launch in April. The PLN 23 billion figure has been reserved in the budget draft for this year. Overall, on the pro-family poli...

Locked content Poland reopens its Ukrainian consular posts

Poland’s ministry of foreign affairs has reopened its consular posts in Ukraine, after a grenade attack on its diplomatic post in Lutsk. “The Ukrainian side has taken the necessary measures to ensure the security of Polish foreign service staff and diplomatic and consular missions across the c...

Locked content COIG: 138 companies went bankrupt in Q1

According to the data released by the General Economic Information Center (COIG), 138 companies filed for bankruptcy in Q1 this year, down from 154 y/y. This number is however misleading as the law in Poland has changed, starting from this year. Now, companies instead of filing for bankruptcy, can s...

Locked content Polish airports with 11% passengers growth this year – PwC

According to consultancy PwC, the number of passengers serviced by the Polish airports this year will grow by 11 percent to 37.8 million. In 2016, there were 34.2 passengers that traveled through Polish facilities. “We’ve slowly reaching the goal of one traveler per citizen. Last year it was 0...

Locked content Budimex to takeover two companies. Changes in shareholder structure

WSE-listed builder Budimex facility management unit FB Serwis filed for regulator’s approval for a planned takeover of communal services firms Trans-Formers Wrocław and Trans-Formers Karpatia, antitrust watchdog UOKiK said in a statement. The company also announced, that its lead shareholder F...

Locked content WSE total equity turnover grows 43.9% y/y in March

Equity trading on the main market of the Warsaw Stock Exchange grew by 43.9 percent y/y in March to PLN 25.08 billionthe stock exchange has announced. The market capitalization of all listed companies stood at PLN 1.26 billion at end-March. The bourse also announced that equity turnover on the alter...