Locked content Famur with PLN 62 mln deal with PG Silesia

WSE-listed mining machinery producer Famur signed a PLN 62.6 million contract with coal miner PG Silesia for the delivery of a long-wall system, Famur said in a market filing. The system is to be completed by end-Q2 2018. “This is the third long-wall complex for the PG Silesia delivered by Famur in ...

Locked content Intercars with PLN 453 mln sales in September

WSE-listed automotive parts dealer Intercars had PLN 453 million in sales revenue in September, which is a 13.6 percent y/y increase. The results include a 19.9 percent growth in foreign sales and 14.4 percent increase in domestic revenue. Domestic sales were worth PLN 322.4 million. Year-to-date, I...

Locked content Navimor Invest files for bankruptcy

Listed on the small-cap, alternative market NewConnect Marine and inland constructor Navimor Invest filed a simplified bankruptcy motion to the District Court in Gdańsk. The company deals with hydrotechnical construction (eg weir chambers, harbor docks, yacht ports and water stalls, flood protection...

Locked content ZBP wants restructuring for FX mortgages granted before ’09, and...

Banking lobby ZBP wants FX mortgage restructuring to apply only to loans granted before 2009 and proposes that clients would co-finance the restructuring process. Moreover, it proposes that such costs would reduce the lenders’ tax base. ZBP claims that the presidential FX-denominated mortgage relief...

Locked content FDA suspends clinical trials of Selvita’s leukemia drug

The Food and Drug Administration (FDA) ordered the suspension of clinical trials of the WSE-listed Selvita’s leukemia drug Sel24 following the patient’s death. The victim died following a stroke which was reported as “suspected serious unexpected adverse reaction” which according to the doctors cond...

Locked content WSE with 3rd most IPOs in Europe – PwC

Warsaw Stock Exchange has been ranked 3rd in Europe in IPO activity in Q3, according to the latest IPO Watch Europe report prepared by consultancy PwC. The Warsaw bourse had nine IPOs in the third quarter, including two on the main market, with their value reaching PLN 5.1 billion. Of that number, P...

Locked content 78% of Poles don’t plan on saving in the next 12 months – report

According to a report published by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH), as many as 78 percent of Poles doesn’t plan on making any savings in the next 12 months. Compared to last quarter’s result, the number of Poles without any plans to save mo...

Demand for housing loans up by 3.1% in September– BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 3.1 percent y/y in September. The average value of loan application amounted to PLN 234k and was higher by 5.5 percent y/y. The data excludes loan applications exce...