Locked content Fuel prices fall, should stabilize from now on – BM Reflex

Average fuel prices decreased by PLN 0.02, while diesel prices fell by PLN 0.03 last week, according to BM Reflex, a fuel branch consultancy company, LPG prices went down by PLN 0.04. Currently, gasoline sells at PLN 4.35/liter, diesel at PLN 4.12/liter and LPG at PLN 1.85. “This week, average price...

FinMin to sell PLN3-10 bln bonds in Q3

According to the Ministry of Finance, in Q3, only one or two tenders will be organized, and the ministry plans to sell PLN 3-10 billion worth of bonds during them. They should take place in September. The government is also planning a similar number of swap bonds auctions.

Locked content Bumech and Famur sign cooperation agreement

WSE-listed mining equipment producers Famur and Bumech signed a letter of intent on cooperation assuming, among others, financial support from Famur for Bumech. According to the statement, Famur is actively supporting Bumech in the process of acquiring contracts for mining services on foreign market...

Locked content Polish pensioners with PLN 3.11 bln debt – report

According to data in the National Debt Registry (KRD), there are 238k indebted pensioners in Poland with PLN 3.11 billion debt combined. In 12 months, the value of pensioners debt increased by PLN 350 million. The average debt stands at PLN 13,000, and the record-holder, a 78-year-old resident of Si...

Locked content Poland has a right to say no to refugees – Kaczyński

Poland has a moral right to say ‘no’ to refugees, Law and Justice (PiS) leader, Jarosław Kaczyński said at his party’s convention. “We have not exploited the countries from which these refugees are coming to Europe these days, we have not used their labor force and finally we have not in...

Locked content Inea up for sale

Private equity firm Warburg Pincus is considering selling its controlling stake in Polish cable operator Inea, according to Reuters. Warburg Pincus acquired 72 percent stake in the cable operator back in 2013. Inea, which operates mostly in the west of Poland has been considering expansion, and the ...

Locked content Capital MBO announces tender offer for 13.52% in Mangata

Capital MBO group, the majority shareholder of metal processing company Mangata, announced a tender offer for 902,448 shares or 13.52 percent in the company for PLN 114.15 apiece. If the tender is successful, Capital MBO will control 66 percent of the company’s shares. At end-Friday, Mangata was tra...

Locked content KGHM changes Sierra Gorda financing to corporate credit

WSE-listed, state-owned copper and silver giant KGHM has changed the financing model of its Chilean mine in Sierra Gorda to corporate credit from project finance, KGHM said in a market filing. “The nature of the financing will significantly decrease the limitations and duties of Sierra Gorda and in ...