Locked content Komputronik announces buyback offer. Plans delisting

WSE-listed IT retailer Komputronik announced, through its majority shareholder Marinera Invest that it wants to buy back outstanding 46 percent of the company’s shares. The offer stands at PLN 6.5 apiece and will go through if at least 36 percent of the stock is tendered. If it goes through, t...

Locked content PZU with new CEO. Changes to the supervisory board

WSE-listed insurer PZU, named Paweł Surówka as its new CEO. Surówka replaced Michał Krupiński, who was dismissed back in March. Till now, Surówka has been the CEO, of PZU subsidiary, PZU Życie. Additionally, PZU appointed Aneta Fałek, Robert Śnitko and Katarzyna Lewandowska to the supervisory board,...

Panattoni completes 32,000-sqm logistics center for Decathlon

Industrial space developer Panattoni Europe has completed a 32,000-sqm logistics center project in Łódź, which will be occupied by sporting goods retailer Decathlon and will service both the brick-and-mortar stores and the online store of the company. The scheme is located near the Panattoni Park Łó...

Locked content KNF the number of pension accounts on the rise

According to data released by the financial market regulator KNF, the number of Individual Pension Accounts (IKE) at end-2016 stood at 902,6k (up from 855,2k in 2015), while the value of funds allocated there increased by 17.9 percent y/y to PLN 6.7 billion. The number of Individual Retirement Insur...

Lowering the retirement age will cost Poland PLN 10 bln next year

According to the deputy minister of finance Leszek Skiba, lowering the retirement age will cost the budget as much as PLN 10 billion, which equals 0.5 percentage point of GDP. But according to Skiba this should not affect public finances. “The current expenditure rule allows us to gradually lower th...

Locked content Trump: NATO no longer obsolete

US President Donald Trump said that NATO is no longer “obsolete,” reversing his previous stance. “I said it was obsolete. It’s no longer obsolete,” Trump said, adding that the Transatlantic alliance, which Poland joined in 199 was adapting to the broader mission against Islamic mil...