Locked content OFE net assets value inch up in March

The net assets of the Polish private pension fund (OFE) amounted to some PLN 167.6 billion in March, an increase of 0.1 percent month-on-month, according to a report issued by researcher Analizy Online. Thanks to good results in the first two months of the year, for Q1, assets of all OFEs combined g...

Locked content Altus TFI to takeover BPH TFI

Altus TFI announced that it has signed a conditional deal to acquire 100 percent stake in BPH TFI investment fund. This is Altus third attempt to acquire its peer. First one was in 2014, while another attempt was made two years later. Both times, the sides could not agree on the terms of the transac...

Locked content Tusk, Waszczykowski condemn suspected chemical attack in Syria

European Council President Donald Tusk, called the suspected chemical attack that killed at least 72 civilians in Syria “an atrocity” and put the blame on Bashar al-Assad regime. “The Syrian regime (has) the primary responsibility for the atrocities, but all those who support the regime share the mo...

Locked content Szydło: Poland won’t give in to blackmail over migration

Polish PM Beata Szydło said that Poland won’t be forced by Brussels to accept migrants from the Middle East. “I am resistant to ‘blackmail and pressure’, which are used in Brussels,” Szydło said, commenting on the recent article in The Times, which reported that Poland and Hungary could be for...

Locked content Poland appeals against EU air pollution directive

Poland has lodged an appeal to the EU’s Court of Justice against the bloc’s directive to lower air pollution, PM Beata Szydło said. “As for climate policy, our position is clear: we do not agree with the norms that have been introduced. We will be consistent in protesting and looking for new s...

Locked content March with the highest number of new car registrations since 1999

Poland’s new passenger car and van registrations rose by 24.58 percent year-on-year in March, which is the best result since December 1999, report by market researcher Samar showed. In m/m, the number increased by 28.89 percent. The y/y number as been growing for 22 consecutive months. The num...

Locked content Daily sales down 11.5% in February

The sales of Polish daily newspapers has dropped by 11.48 percent to 730,800 copies, according to data by The Association of Control of Press Distribution (ZDKP). The top-selling newspaper was tabloid Fakt with 279,933 copies sold daily on average (9,25 percent loss y/y and 0.05 percent growth m/m),...

KUKE: Exports continue to grow in February

Euro-denominated exports in January increased by 3.1 percent y/y to €14.9 billion, the Export Credit Insurance Corporation (KUKE). Compared to January, the value of exported goods and services dropped by 0.3 percent.