Treasury plans 23 bond tenders for 2018

The Treasury bond issue plan for 2018 assumes two bond tenders per month, except for December, when one tender is planned, the Ministry of Finance has announced. The Treasury also does not rule out treasury bill tenders, which will take place irregularly depending on the budgetary needs and market s...

Locked content Oponeo to buy Volcano clothing brand

WSE-listed tire retailer Oponeo.pl plans to acquire 44.13 percent stake in clothing producer VCO, the company said in a market filing. VCO sells its products under Volcano brand in most European countries as well as in Canada and the US. Wholesale account for 65 percent of its total sales, of which ...

Inflation grows by 2.5% y/y and 0.5% m/m in November – GUS

Consumer goods and services prices increased by 2.5 percent year-on-year in November, and by 0.5 percent in month-on-month terms, statistics office GUS stated based on its flash estimate. Economists polled by the Polish Press Agency PAP expected inflation to come in at 2.4 percent y/y and 0.4 percen...
Image : Shutterstock

Q3 GDP growth at 4.9%

Poland’s Q3 GDP grew by 4.9 percent y/y, Central Statistics Office GUS said revising earlier estimate which stood at 4.7 percent. In q/q terms GDP increased by 1.2 percent.

Locked content PKO BP to withdraw from Marguerite fund

WSE-listed bank PKO BP plans to withdraw from the Marguerite fund.  “Eight years since the creation of Marguerite I, means from the fund are fully used and new projects will be realized under a new fund Marguerite II. PKO BP, after realizing the assumed strategic goals, plans to withdraw from Margue...

Unemployment in Poland at 4.6% in October – Eurostat

The seasonally adjusted unemployment rate in Poland stood at 4.6 percent in October, compared to 4.7 percent the month before, the EU statistical office Eurostat said. This is a drop from October 2016, when it stood at 5.8 percent. The pan-European statistics agency, which uses roughly the same crit...

Locked content LiveChat wants to be listed in the US within the next 2 years

WSE-listed software developer LiveChat plans to be listed on either NYSE or Nasdaq within the next two year, company’s CEO Mariusz Ciepły said. “I think when we reach 30k customers it would be a good moment to do so,” he said. LiveChat currently has 22k clients. “We do not want to ask for money in&#...

Baltic Pipe passes economic viability tests

The Baltic Pipe scheme has passed the economic viability tests conducted by project’s partners Gaz System and Energinet, which means that one of the conditions to sign deals to transit gas has been met. According to Gaz-System, the first contracts will be signed by end-January 2018 with first ...

Locked content One-third of Poles have financial commitments – report

As many as 35 percent of Poles took up a loan or other form of a financial commitment in the last two years, according to a report by Profi Credit. Women took up more loans than men (39 percent to 32 percent), such forms of financing were also popular with older people  (44 percent of…

Locked content Famur inks PLN 300 mln deal with PFR

WSE-listed mining machinery producer Famur signed a deal with state-run Polish Development Fund PFR regarding setting up a Mining Equipment Finance SPV. Both sides plan to put PLN 150 million each into the company which will be leasing mining machines. The deal will run through 2019 and is pending a...