Savills: Q2 investment volume at over €1 bln

The combined volume of investment transactions in the commercial property market in Poland exceeded €1 billion in the second quarter of this year, according to the latest report by Savills. Transactions in the retail sector dominated the investment activity in the period, the study said. According t...

Locked content Ryanair cancels plans to fly to Ukraine

Irish low-cost airline Ryanair canceled plans to start flying to Ukraine, saying the main airport in Kiev had not honored terms agreed earlier this year. “Kiev airport has chosen to protect high fare airlines and deprive Ukrainian consumers/visitors access to Europe’s lowest air fares,” Ryanair said...

Locked content Report: 91% of Poles use digital banking once a month

As many as 91 percent of Poles use online or mobile banking services at least once a month, according to a report published by Mastercard. This is the best result in Europe (ex aequo with the Netherlands), while the European average stands at 85 percent. Nearly half of Poles (45 percent) make such t...

Locked content CEE calls for sped EU accession of Montenegro and Serbia

Seven CEE member states, Poland, Hungary, Slovakia, Czechia, Austria, Slovenia and Croatia called on the European Union to accelerate the accession of Montenegro and Serbia to the bloc, saying a failure to integrate the Western Balkans could pose a security threat to the whole region. “If we cannot ...

Locked content Pekao plans no major acquisitions – acting CEO

According to Bank Pekao’s acting CEO, Michał Krupiński, the lender is not planning any major takeovers and is not interested in acquiring Raiffeisen Bank Polska, as it wants to focus on organic growth. “We are not in any talks regarding a merger with Alior or Raiffeisen takeover. We will be very foc...

Locked content Three banks under UOKiK scrutiny over FX mortgages

The antitrust watchdog UOKiK has launched inquiries into Getting Noble Bank, Deutsche Bank and Raiffeisen Bank Polska FX rates setting policies, which UOKiK calls “unclear.” “They are imprecise, arbitrarily determined. Raiffeisen set their FX rates on ‘average intra-bank exchange rates,’ Deutsche Ba...

Locked content Komputronik buyback tender fails

WSE-listed IT retailer Komputronik, announced that the buyback offer, organized by its majority shareholder Marinera Invest was a failure as fewer than 3.53 million shares were tendered, Komputronik said in a market filing. Back in April, Marinera announced a tender offer for the outstanding 4.5 mil...

Locked content OT Logistics to increase its stake in Rijeka harbor

WSE-listed OT Logistics is interested in increasing its stake in state-controlled Rijeka Port in Croatia, local media reported. According to the media, the government, which controls 37 percent of the port is planning to decrease its stake, and will sell 11.75 percent of the port’s shares. OT Logist...

80k people to take advantage of lower retirement age in Q4 – NBP...

As many as 80k people will retire in Q4 due to the recently lowered retirement age, deputy director at Poland’s Central Bank (NBP) Jacek Kotłowski said. “The number of people who will receive benefits in Q4 is slightly over 200,000 people, but we will lose about 80,000. The rest will either take ben...