Locked content EBRD to adjust its strategy for Poland

The EBRD could invest €650-700 million in Poland this year, the institution’s manager for Poland Grzegorz Zieliński said, adding that while in the future, that amount will not increase significantly, the scope might change.  “It’s hard to say that after 26 years of transformation that Poland r...

Locked content Pekao to tighten cooperation with PZU, Alior – CEO

According to the CEO of WSE-listed, state-owned Bank Pekao, the lender should increase its cooperation with its owned, WSE-listed insurer PZU, and another lender owned by PZU – Alior. “Our branches have a large potential for bancassurance, while PZU branches for assurbanking,” Michał Krupiński said,...
Image: Karimpol

Karimpol lays cornerstone for Skyliner tower in Warsaw

Developer Karimpol has held a cornerstone-laying ceremony at the construction site of its Skyliner office project in Warsaw. The scheme, which is being built by general contractor Warbud, is scheduled to be completed in mid-2020. The latest high-rise development located in the quickly developing Ron...

Locked content PGE Opole plant to be delayed?

The consortium consisting of Polimex-Mostostal, Mostostal Warszawa and Rafako, which is building the PGE coal-fired power blocks in Opole asked to extend the planned completion date by 3-5 months, PGE said in a market filing. If approved, it would put back completion of unit 5 from July 31 to Decemb...

Locked content Azoty with stiff competition for Petrokemija stake

WSE-listed chemicals giant Grupa Azoty has 10 competitors in the running for the stake of Croatian fertilizer producer Petrokemija, according to local media. Competitors include Austrian Borealis, Croatian Prvo Plinarsko Drustvo, Ina, Janaf HEP, three pension funds PBZ, Raiffeisen and Erste, EBRD an...

Locked content Over 37 mln payment cards in Poland in Q2

The number of payment cards in Poland reached 37.77 million at the end of Q2, Poland’s Central Bank (NBP) informed. Overall, 29.2 million debit cards and 5.8 million credit cards have been issued. The overall number remained practically unchanged q/q. The value of transactions carried out with payme...

Locked content NBP: asset management fees should be limited and diversified

Poland should diversify asset management fees of TFIs investment funds based on the investment risk profile, the central bank (NBP) said in its opinion to a draft bill on financial instruments. “The past few years have shown that there is no significant reduction in the level of fees charged to the ...

Locked content Ryanair to cancel more Polish flights

Irish budget airline Ryanair will cancel 18,000 flights from its fall/winter schedule, including a number of them from Poland. According to the company, routes between Szczecin and Edinburgh, Hamburg and Katowice, Newcastle and Gdańsk, Warsaw-Thessaloniki, and Kraków-Trapani will be suspended indefi...

Locked content Kruk acquires PLN 420 mln debt portfolio

WSE-listed debt collector Kruk, through its subsidiary Prokura NS FIZ, won the tender for PLN 419.7 million debt portfolio of Getin Noble Bank, the company said in a market filing. This is another portfolio acquired by Kruk recently, after buying PLN 550 million debt from Deutsche Bank. In 2016, Kru...