Locked content Szydło hopes for good cooperation with Germany after elections

PM Beata Szydło congratulated German incumbent Chancellor Angela Merkel on winning the parliamentary elections and added that she hopes for ”good cooperation” between two nations. “The future coalition under your leadership will serve the citizens of Germany, European integration and the strengtheni...

Locked content Ekotech mulls NewConnect IPO

Land reclamation and macro levelling company Ekotech, plans to debut on the small-cap, alternative NewConnect market in 2019, the company’s CEO Kamil Szczygielski told ISBnews. “The pace of our development means that we already have to take into account this form of financing. The growing production...

EU subsidies reach PLN 128.8 bln

The value of EU subsidy applications submitted by September 24 amounted to PLN 250.6 billion, according to data released by the Ministry of Development. Till that day, 22,795 contracts for the EU co-financed projects amounted to PLN 128.8 billion in EU subsidies.
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JP Morgan to hire 3k people in its Warsaw center

JP Morgan confirmed the news that it will open its global operations center in Warsaw which will bring in some 3,000 jobs. “JP Morgan sees strong human capital in Poland, ready for the challenges of the future. We also see an economic structure that is excellent for our company,” the bank’s Managing...

Locked content Budimex hit with a PLN 122 mln lawsuit

WSE-listed construction company Budimex has been sued by the Silesian Museum in Katowice for PLN 122.8 million (or PLN 34.7 million price reduction alternatively). The claim concerns a contract for the construction of a new seat of the Silesian Museum in Katowice, back in 2011. According to the Mana...

Agora wants to buy 2.5% of its shares

WSE-listed media group Agora wants to buy up to 1.19 million (2.5 percent stake) of its shares for PLN 20 apiece, the company said in a market filing, adding that it is ready to spend up to PLN 23.83 million on the buyback program.

Locked content Poland to introduce new employee pension programs

Starting from 2019 at the latest, Poland will introduce a new employer-sponsored pension program PPK. “We want to create a system where workers, employers and the state would contribute to the 3rd pillar of the capital system. We are determined to be in place by 2019 at the latest. Even with conserv...

Locked content KNF approves Marek Dietl as new WSE CEO

The Financial Supervision Authority (KNF) approved Marek Dietl candidacy for the post of the Warsaw Stock Exchange. The bourse appointed him as its CEO back in June but did not secure KNF approval until now. This ends months of turmoil in the bourse top seat when Małgorzata Zalewska was recalled fro...

Locked content Morawiecki still hopes for OFE reform to be launched next years

Despite earlier media reports that due to disagreements between Deputy PM Mateusz Morawiecki and Labor Minister Elżbieta Rafalska, the OFE pension fund reform will be shelved. However, Morawiecki still claims that the overhaul should take place next year. “2018 is the year when we want to launch thi...