Locked content Poland could buy back Acron’s stake in Azoty – deputy CEO

WSE-listed, state-owned chemicals firm Grupa Azoty believes that the state-run investment vehicle PFR might buy back the stake in Azoty owned by Russian Acron. “If there is such an opportunity, and we have to think about it in terms of seizing an opportunity, it could be considered,” Grupa Azoty Dep...

Locked content Government to be evaluated in November – Kaczyński

Leader of the ruling Law and Justice (PiS) party Jarosław Kaczyński said that in November, the government and its work will be reviewed with possible reshuffle as well. “In November, after two years of work, we will evaluate the cabinet and may decide to reconstruct it,” Kaczyński said in an intervi...

Locked content ING Bank Śląski to sell instant loans with Czech partner

WSE-listed lender ING Bank Śląski was granted consent from the antitrust watchdog UOKiK to establish a joint venture with Czech firm Twisto Payments. The entity, named Twisto Polska will offer the same products as Twisto offers in Czechia, mainly instant consumer loans, online portfolio, and online ...

Locked content OFE reform to be put on hold – media

According to Dziennik Gazeta Prawna daily, works on the OFE pension funds reform have been suspended as Deputy PM Mateusz Morawiecki and Labor Minister Elżbieta Rafalska, couldn’t come to an agreement regarding its details. Morawiecki wanted to move 25 percent of OFE assets to the state-owned Demogr...

Locked content Agriculture minister: food exports to exceed €25 bln this year

According to the Minister of Agriculture, Krzysztof Jurgiel, exports of Polish food could exceed €25 billion this year. “After the first seven months of this year its value is already higher by €10 billion, so it’s safe to say, that they will exceed the €25 billion mark,” Jurgiel said. Last year, fo...
Image: Dekada

Dekada Konin commercialization proceeding apace

Developer Dekada has revealed that the eponymous retail project, which the company is now developing in cooperation with PKP subsidiary Xcity Investment in Konin in central Poland has already been 80 percent leased out. BOIG Property Consulting is the leasing agent of the scheme whose tenants will i...

Asbis sets up Russian subsidiary

WSE-listed IT company Asbis has set up Asbis Cloud, its Russian subsidiary, the company said in a market filing. Initial capital has been set at RUB 8 million, Asbis holds 85 percent stake, while the remaining 15 percent is controlled by the subsidiary’s managing director Alexey Krutitsky.

Locked content Foreigners spent PLN 10.9 bln on shopping in Poland in Q2

Foreigners spent PLN 10.9 billion on purchases in Poland, up by 5.5 percent y/y, Poland’s Central Statistics Office (GUS) said. In q/q terms, the figure went up by 16.8 percent. Out of this number, 83 percent was spent on non-food products, 13 percent on food and alcoholic beverages, and 4 percent o...

Locked content Torpol signs PLN 126 mln deal with PKP PLK

WSE-listed railway infrastructure builder Torpol signed a net PLN 126.2 million (gross PLN 155.2 million) deal for works on the E20 railway line with railway infrastructure firm PKP PLK. The tender concerns route connecting Warsaw and Mińsk Mazowiecki. The works are to be completed within 26 months ...