Immobel hopes to raise up to €100 mln through bond issue

Listed Belgian developer Immobel has mandated BNP Paribas Fortis and Degroof Petercam to arrange a series of investor meetings in Brussels, Paris and Luxembourg as it prepares to issue bonds valued at up to €100 million. “With the intention of launching a bond issue, Immobel confirms its financial s...

Locked content Torpol signs PLN 486 mln deal with PKP PLK

WSE-listed railway infrastructure builder Torpol signed a gross PLN 486 million (net PLN 395 million) deal for works on the E59 railway line with railway infrastructure firm PKP PLK. The works concern the part between Leszno-Czapin. The E59 line connects Malmo with Vienna. The deal is co-financed fr...

Locked content Poland’s KGHM Q1 net rises to PLN 398 mln

WSE-listed copper and silver miner KGHM, posted a consolidated PLN 398 million net compared to PLN 161 million the company reported a year ago. The revenue from sales amounted to PLN 4.9 billion, up from PLN 3.91 billion y/y, while EBITDA stood at 1.07 billion up by 119 percent y/y. The good results...

Locked content Poland to set up National Institute of Technology

According to a draft bill submitted to the Polish Parliament, Poland will set up a National Institute of Technology in 2018, in order to boost innovation and research. The new body will include dozens of research institutes, and will be overseen by the science minister. By combining the potential of...

Locked content Former LOT CEO to run Kenya Airwaves

Sebastian Mikosz, who in 2009-10 and 2013-15 worked as a CEO of Polish state-owned airline LOT, has been appointed by the Kenya Airwaves as its new CEO. “He has been chief executive of LOT Polish Airlines, one of the oldest airlines in the world – a position he held twice including an in-depth turna...

Locked content Duda spokesman resigns

Marek Magierowski, who was President’s Andrzej Duda press secretary resigned on Friday, citing personal reasons. According to media reports, he left as a result of in-fighting inside the President’s Palace, between various fractions. According to information, obtained by Newsweek weekly, the preside...

Locked content Fuel prices decrease. More reductions on the way

Average fuel prices decreased by PLN 0.03, while diesel prices fell by PLN 0.04 last week, according to BM Reflex, a fuel branch consultancy company, LPG prices declined by PLN 0.02. Currently, gasoline sells at PLN 4.65/liter, diesel at PLN 4.47/liter and LPG at PLN 2.12. This week the prices shoul...

Locked content WSE suspends trading of 12 companies

The Warsaw Stock Exchange has suspended the trading of a number of companies after they failed to provide the financial statements for 2016 on time. KDM Shipping, Ukrainian logistic company, dairy producer Milkiland, coal producers New World Resources, and Sadovaya Group will have their trading susp...

Locked content Thousands marched against the gov’t in Warsaw

Thousands took to the streets in Warsaw on Saturday to participate in a “March of Freedom” organized against the Law and Justice (PiS) government. Local government officials put the number of protesters at around 90,000, while police said the march drew 12,000. In either case, the number is signific...

Locked content Number of new car registrations grows in April

Poland’s new passenger car and van registrations rose by 14.37 percent year-on-year in April, report by market researcher Samar showed. New registrations totaled 44,343, which was down 20.14 percent from March. The y/y number has been growing for 23 consecutive months. The number of passenger ...