NBP head: REITs could be risky

Poland’s plans to introduce law regulating real estate investment trusts (REIT) may bear risks due to the timing of the implementation, amid negative real interest rates, Polish Central Bank (NBP) President Adam Glapiński said.

Locked content Tauron sells €500 mln in 10Y bonds

WSE-listed power utility Tauron closed the sale of it €500 million10Y eurobonds, priced at 163 bps above mid-swaps, the company said in a market filing. The bonds have been purchased by over 30 investors, with nearly half of them from the UK, German investors took 14 percent, while domestic ones acq...

Locked content WSE suspends trading of two companies, resumes one

The Warsaw Stock Exchange management suspended the trading of Everest Investments between July 12-24. The motion was filed by the company wishing to change the face value of its shares. Warsaw bourse also upheld tits earlier decision to suspend trading of Ezo shares traded on NewConnect, as the comp...

Locked content Court: Defense ministry broke the law ordering VIP planes

The district court in Warsaw ruled that the PLN 2.5 billion military tender for VIP planes was signed in breach of Polish law. The court upheld the previous decision by the National Appeal Chamber (KIO), a first instance body responsible for the review of appeals concerning public contracts. Still, ...

Locked content Daily sales down 9.7% in May

The sales of Polish daily newspapers has dropped by 9.7 percent to 694,934 copies in May, according to data by The Association of Control of Press Distribution (ZDKP). The top-selling newspaper was tabloid Fakt with 259,694copies sold daily on average (5,9 percent y/y and 2.5 percent m/m drop), foll...

Locked content ZUE signs PLN 465 mln deal with PKP PLK

WSE-listed railway infrastructure builder ZUE signed a gross PLN 465.9 million (net PLN 378.8 million) deal for works on the 25 railway line with railway infrastructure firm PKP PLK. The deal concerns the part of the line linking Skarzysko-Kamienna with Sandomierz. Criteria in the tender were: total...

Locked content GetBack sets IPO price at PLN 18.5 per share

WSE-bound debt collector GetBack has set its IPO price at PLN 18.5 apiece, despite earlier reports saying that the price would reach PLN 20. This is the minimum price set in the company’s IPO prospectus and values the offer at PLN 740 million. It’s lower than GetBack original plan to take PLN 400-50...

Eurostat: Retail sales up by 3.8% in May

The volume of seasonally adjusted retail trade in Poland grew by 3.8 percent year-on-year in May, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it fell by 0.7 percent.