Locked content Ryanair looking at Poland for its CEE hub

According to Rzeczpospolita daily, Irish low-cost airline Ryanair plans to have its CEE hub in Poland. Currently, Modlin is the frontrunner to become it, however, Wrocław and Krakow are still in the mix as well. The Warsaw Modlin airport services 42 Ryanair routes at this moment. The airline is look...

Locked content Fuel prices rebound

Average fuel prices have increased by PLN 0.03, while diesel went up by PLN 0.06, and LPG prices grew by PLN 0.02 last week, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.63/liter, diesel at PLN 4.41/liter and LPG at PLN 2.13. This week, diesel prices ...

Locked content Konsalnet mulls IPO

Security company Konsalnet filed the IPO prospectus to the Financial Supervision Authority KNF, with the possibility to list all 100 percent of the company’s shares. Konsalnet sole owner Value4Capital is treating the IPO as one of the options to leave the investment, although the company is still lo...

Pengab banking sentiment grows in September

The Pengab index, which measures conditions in the banking industry, increased by 2.6 points month-to-month to 25.4 points in September, according to the Monitor Bankowy report issued by Kantar TNS. Last year, the indicator stood at 23.1 points.

FinMin: debt financing reaches 86%

According to the Ministry of Finance data, after one bond swap auction in September, the level of debt financing has reached 86 percent of this year’s financing needs. For Q4, the ministry plans 2 auctions for PLN 8-16 billion combined, with one taking place this month worth PLN 4-8 billion.

Locked content FTSE upgrades Poland to developed market status

FTSE Russel upgraded Poland’s status to developed from the advanced emerging category, the company said in its annual review of indexes. This means that Polish bourse will be among the 25 most advanced world markets, a first CEE market to achieve it. “The FTSE Russell upgrade of Poland to developed ...

Locked content Energa gets PLN 166 mln finding for smart grid project

WSE-listed, state-owned utility Energa signed a co-financing deal with the Energy Ministry for the development of a smart grid, the company said in a market filing. The project, with an estimated cost of PLN 240.6 million, will receive PLN 166.3 million in state funding. “This is a tremendous suppor...

Locked content Moody’s: Polish banking system with ‘stable’ outlook

The rating’s agency Moody’s kept the outlook of the Polish banking system as “stable.” According to the agency, strong economic growth will boost corporate and household spending. “Accelerating economic growth will create opportunities for banks, offsetting weak profitability and unpredictable gover...
Image: Ronson Development

Ronson completes first City Link apartments in Warsaw

Warsaw Stock Exchange-listed developer Ronson Development has obtained occupancy permits for the first two phases of its City Link flagship residential project in the Polish capital. The phases comprise a total of 301 housing units. Construction work on the third and fourth phases of the scheme (184...