Four Nowoczesna MPs joins PO

Marta Golbik, Joanna Augustynowska, Michał Stasiński and Grzegorz Furgo announced that they are leaving Nowoczesna grouping and joining Civic Platform (PO). “Arguments about strategies etc, are a normal thing in every political party. The moment comes however, when you can’t be responsible and...

Locked content V4 to support Eastern Partnership countries

Foreign affairs ministers of the Visegrad Group countries have voiced “strong support” for the Eastern Partnership during a meeting in Warsaw. “We would like the Eastern Partnership to bring the Eastern Partnership countries closer to the European Union, and at the same time to significantly increas...

Locked content Superior bid for Uniwheels is final. No more dividends

Superior Industries said it won’t raise its offer for German WSE-listed alloy wheels producer Uniwheels shares. The current and final offer stands at PLN 236.07 per share. “We think it’s a fair price,” Superior CEO Donald J. Stebbins said. After agreeing to buy 61.29 percent of Uniwheels...

Locked content EBRD buys 9.48 percent stake in Griffin Premium RE

The European Bank for Reconstruction and Development acquired a 9.48 percent stake in WSE-bound real estate firm Griffin Premium RE IPO. The transaction was worth PLN 84.4 million. The company will begin its trading on the Warsaw Stock Exchange on April 13. After the IPO, the free float will reach a...

Locked content Bumech trade to resume trading on WSE next week

WSE-listed mining machinery repair firm Bumech will have its trading on the Warsaw Stock Exchange resumed on April 18, WSE said in a statement. The trading was suspended back in March, after financial market regulator KNF started an inquiry into alleged transaction in which China Coal Energy Company...

Polish investment funds assets grow to PLN 273 bln in March

Net assets under management (AuM) of Polish investment funds increased by 2.8 percent (PLN 7.5 billion) to PLN 273 billion in March, a report by researcher Analizy Online and asset management lobby IZFiA showed. In the same period, net inflows stood at PLN 6 billion.

Poland VAT receipts up by 40% y/y in Q1

Poland recorded an impressive 40 percent increase in VAT receipts in Q1, according to the deputy ministry. However, the pace will drop significantly for the remainder of the year and amount to 11 percent for the whole year, as predicted in the budget. VAT receipts amounted to PLN 42 billion in the f...

Locked content Integer with PLN 474 mln loss – preliminary results

WSE-listed postal operator Integer had a PLN 474.4 million net loss last year, according to the group’s preliminary estimates. The company also delayed publishing the full financial report for the second time. The current date is set for April 25. According to released estimates, the company h...

i2 Development launches new residential project in Wrocław

Developer i2 Development has launched construction work on the first phase of its Awicenny residential project in Wrocław. The scheme will offer a total of 267 apartments in three phases, with the first two buildings of the development comprising a combined 104 homes. The developer expects to secure...