Locked content Poland with €325 mln financing from EIB for epressways

The European Investment Bank (EIB) will loan €325 million for financing the construction of the parts of the S7 and S8 expressways. The loan will be taken by the state-owned lender BGK and will finance some 110 kilometers of the roads in the Mazowieckie voivodship. “EIB funding will help reduce cong...

Locked content Alma wants to sell part of the company to Leclerc

Alma Market filed a motion to approve the sale part of the company to Immomok, a subsidiary of Leclerc for PLN 94 million, the company said in a market filing. “The sale of an organized part of a business will allow you to obtain the most favorable price in bankruptcy and, moreover, it will secure&#...

Locked content GetBack mulls entering Spanish market

WSE-listed debt collector GetBack is mulling acquiring a receivables portfolio in Spain this year, as it plans to diversify its operations, CEO Konrad Kąkolweski said. “We understand the Spanish legal system well. We think there are a lot of interesting portfolios as well as a lot of companies that ...

PwC: IPO activity on the rise on WSE

With six IPOs in Q2 worth PLN 2.2 billion, and Play stock debut planned for July, this year is shaping up to be one of the best when it comes to IPOs, PwC said in its report. “Dino Polska and Griffin Premium RE’s Q2 offerings, as well as Play Communications, planned IPO, will contribute to str...

HICP inflation drops in June – Eurostat

The harmonized index of consumer prices for Poland stood at 1.3 percent year-on-year in June, compared to 1.5 percent in May, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices decreased by 0.1 percent.

KUKE: Bankruptcies inches down 2% in June

The number of bankruptcies in June totaled 48, a decrease of 2 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month term, the figure increased by 17.1 percent.

Locked content Factoring firms with a 13.6% turnover increase in H1

Polish factoring companies had a 13.6 percent increase in turnover to PLN 83.6 billion in H1, factoring lobby Polski Związek Faktorów (PZF) announced. In the first six months of the year, such companies had 8.1k customers (up from 7.2k y/y), they financed nearly 4 million of invoices (valued PLN 21....

Locked content KNF approves Raiffeisen Bank Polska IPO suspension

The Polish financial regulator KNF approved an annex to issue prospectus suspending the IPO of Raiffeisen Bank Polska. No new dates regarding the IPO timeline were given, however, KNF previously said that “it would take all necessary steps to assure shares are listed on the WSE as soon as possible.”...

Locked content Prince William and Duchess Kate visit Poland

Britain’s Prince William, along with his wife, Duchess Kate and their children started their two-day visit to Poland on Monday. “Their Royal Highnesses will take time during the tour to acknowledge the complex 20th-century history of each country,” Kensington Palace tweeted. They’ve visited th...