Locked content Vistula and Bytom file merger motion

WSE-listed fashion retailers Vistula and Bytom submitted an application to the Polish antimonopoly watchdog UOKiK seeking merger approval. “Vistula Group SA and Bytom SA intend to conclude a merger in the form of a merger pursuant, by transferring all the assets of Bytom SA (acquired company) to Vis...

Locked content Investors lost over PLN 6.5k in H1 on the forex market – KNF

The average result of investors on the forex market in H1 2017 was a PLN 6,742 loss, meaning that the average profit decreased by 11.3 percent y/y, the Financial Authority Supervision said. Combined realized gains amounted to PLN 124.43 million compared to PLN 136.59 million a year earlier, while th...

Locked content Electric cars in Poland still a rare thing

In Q2, there were only 203 new electric cars registered in Poland, representing a mere 0.4 percent of all such vehicles registered in Europe, according to data released by the European Automobile Manufacturers Association. The situation is better in case of hybrid cars, with 3,781 such cars register...

Locked content Orlen remains the biggest company in the CEE – report

State-owned fuel giant once again took the top spot in the ranking of CEE largest companies compiled by Coface. The second was Czech automotive giant Skoda Auto, while Hungarian oil firm MOL was third. Other Polish companies in the top ten, include, Biedronka operator Jeronimo Martins Polska (4th pl...

Locked content UOKiK with ‘major reservation’ on PGE takeover of EDF assets

Poland’s anti-trust body UOKiK has “major reservations” about state-owned utility PGE takeover of the Polish assets of French utility EDF. UOKiK will publish its concerns later this month after it finishes the second stage of the proceedings. The additional stage was launched as UOKiK wanted t...