Locked content Macierewicz aide resigns in turmoil

Bartłomiej Misiewicz, an assistant to Poland’s defense minister resigned from the country’s ruling party last week, after Law and Justice (PiS) party commission, formed to investigate his issue said that he did not have sufficient training or experience required for high state jobs. Misi...

Locked content Quercus increases its stake in Integer

The Quercus investment group increased its holdings in the WSE-listed parcel locker operator by its umbrella fund SFIO2 to over the 5 percent mark, the firm said in a market filing. Previously, Quercus TFI announced that through its controlled funds, it has increased its stake in Integer to 7.29 per...

Locked content Poland welcomes NATO forces near the Russian border

Poland welcomed the first US troops in a multi-national force which is being deployed in Orzysz, some 60 kilometers from the Russian Kaliningrad enclave. The 1,100 strong formation, includes 900 US troops as well as 150 British and 120 Romanians. “Deploying of these troops to Poland is a clear demon...

Locked content Poland is the 48th safest travel destination: World Economic Forum

Poland took the 48th spot in the latest ranking of safest tourist destinations compiled by the World Economic Forum. Warsaw moved down, from the 35th place in 2015. The World Economic Forum, who ranks 136 countries by their competitiveness in the tourism sector, placed Finland as the world’s s...

Housing loans up, consumer loans down in February – BIK

In February, Polish banks issued 484.8k consumer loans worth PLN 5.7 billion, representing a 10.7 increase a 10.1 percent increase in the number and 3.5 percent decline in value y/y. The number of housing loans was up by 14.9 percent to 18.1k while their value grew to PLN 3.8 billion, representing a...

Locked content BGK grants PLN 37.26 bln ‘de minimis’ guarantees

Poland’s state-owned lender BGK has granted PLN 37.26 billion in guarantees for loans worth some PLN 6.61 trillion issued to SMEs as of end-March under the state program of ‘de minimis’ credit guarantees, the bank said. As many as 123,058 SMEs took loans under the program. Firms ca...

GUS: Trade turnover at PLN 151 mln at end-February

In the first two months of 2017, Polish exports amounted to PLN 132.18 billion, while imports amounted to PLN 132.03 billion. Trade turnover reached PLN 151.6 million. In comparison to the corresponding period of the 2016, exports increased by 4.8 percent and imports by 8.6 percent, data from Poland...

General government debt reached PLN 44.73 bln in 2016

The general government debt, i.e. the deficit of central and local governments, stood at PLN 44.73 billion at the end of 2016, an decrease from PLN 46.19 billion in 2015, according to data compiled by Poland’s Central Statistical Office (GUS).

Locked content Dino reduction rate in retail tranche reaches 75%

WSE-bound retail grocer Dino has allotted all 48.04 million shares in the IPO, with reduction rate in the retail tranche reaching 75 percent, the company said in a market filing. Dino sold 45.46 million shares at PLN 34.5 apiece to institutional investors and 2.4 million shares at PLN 33.5 to retail...