Locked content PwC: No IPOs on the WSE in Q1. But there is hope for improvement

In Q1 of this year, there were no IPOs on the Warsaw Stock Exchange’s main market, consultancy firm PwC said in its IPO Watch Europe report. The only two floatings during this period were on the small cap, alternative NewConect market, worth PLN 11.8 million combined. In Q1 last year there was one I...

Locked content Randstad: 21% of employees changed jobs in the last 6 months

As many as 21 percent of employees in Poland has changed their jobs in the last six months, according to a report compiled by Randstad work agency. In Q4, that number stood at 24 percent. The figure included both internal and external changes of positions. Furthermore, the mobility index, which indi...

Locked content Euler Hermes: The number of bankruptcies grew by 29% in Q1

As many as 224 companies were insolvent in Q1 of this year, up from 173 last year, Euler Hermes said in its report. “In March alone, there were 78 Polish insolvent companies, compared to 68 such cases last year,” the company said. According to the report, the result is in line with the data fromR...

Locked content Nowoczesna suspends 3 MPs linked with the move to PO

Three Nowoczesna MPs, Joanna Augustynowska, Marta Golbik i Grzegorz Furgo have been suspended by the grouping, following reports in various media that they will leave the party and join Civic Platform (PO). “The situation required our reaction. We’ve decided the MPs to declare whether theyR...

Locked content KNF notifies the prosecution regarding Bumech deal

Financial market regulator KNF has notified the prosecution of suspicion of committing a crime regarding the alleged purchase of Bumech stock by the China Coal Energy Company, KNF said in a statement. KNF launched its investigation after Bumech announced that the Chinese company increased its stake ...

Locked content Vantage leaves WSE

Warsaw Stock Exchange has removed Vantage Development stock from its indices, after the company completed its buyout offer. Fedha, controlled by Vantage owner bought 15.1 million shares in the buyout offer out of 18.78 million (30.08 percent stake) it bid on. The initial price of PLN 3.25 was later ...

Locked content GetBack debt collector eyes IPO

Debt collector GetBack filed an issue prospectus to the financial market regulator KNF and plans to conduct an IPO this year. “Our company has PLN 400 million in capital, which we plan to increase by several hundred millions in order to finance our organic growth. We see a lot of assets that could b...