Locked content Kubot fails to win ATP doubles finals

Łukasz Kubot, along with his partner Brazillian Marcelo Melo lost to Finnish-Australian duo Henri Kontinen and John Peers 4-6, 2-6 in ATP Finals final in London. Despite the loss, due to their performance throughout the whole season and in the tournament, where they won all their games on the round ...

Locked content JSW plans $500 mln bond issue in the US

WSE-listed coal miner Jastrzębska Spólka Węglowa may issue $500 million worth of 7-10-year bonds, acting CEO Daniel Ozon said. The means from it would be used to refinance debt. The company might also issue bonds on the domestic market, as back in October it said that it might offer up to PLN 1.5 bi...

Locked content Budimex wins PLN 735 mln deal for dry retention pond construction

WSE-listed builder Budimex won the tender for completion of construction of a dry retention pond in Racibórz Dolny. The winning bid was PLN 734.9 million net. The winning consortium, in which Budimex holds 95 percent, will have 740 days to complete the project, which will be launched within 180 days...

Locked content XTB under KNF scrutiny

WSE-listed brokerage XTB is under Financial Supervision Authority KNF scrutiny. The watchdog launched an administrative proceeding which may result in a fine over suspected significant infringement of the law regarding providing services to clients as well as the organization and functioning of tran...

Locked content Fuel prices fall, should stabilize from now on – BM Reflex

Average fuel prices remained unchanged, while diesel and LPG dropped by PLN 0.01 last week, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.73/liter, diesel at PLN 4.60/liter and LPG at PLN 2.17. “This week, as wholesale prices drop, retail prices should...

Employment and wages growth continues in August – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in companies in October grew by 4.4 percent year-on-year, while the wages grew by 7.4 percent. In month-to-month terms, employment inched down by 0.1 percent, while salaries increased by 2.3 percent.

Locked content Fuel consumption grows 12% y/y at end-Q3 – POPiHN

The consumption of three main types of fuel (BS, diesel, and LPG) increased by 12 percent y/y at end-Q3, reaching 23.9 million cubic meters, according to sector lobby POPiHN. Demand for motor gasoline grew by 6 percent to 4.3 million cubic meters, diesel increased by 16 percent to 14.5 million cubic...

Locked content BGŻ BNP Paribas in talks to buy Raiffeisen Bank Polska – media

WSE-listed BGŻ BNP Paribas wants to buy Raiffeisen Bank Polska, according to Reuters. It had already approached its owner, Austrian Raiffeisen Bank International regarding the potential sale. “The French are conducting talks on buying Raiffeisen’s Polish unit. This is BNP Paribas,” one senior bankin...

Locked content Raiffeisen Bank Polska to carve out its FX mortgage portfolio

Raiffeisen Bank Polska will sell its FX retail mortgage portfolio to its parent company Raiffeisen Bank International. Although the bank is also considering selling the majority stake in the company (excluding the aforementioned portfolio) The transfer will occur before the planned IPO which has a M...

Locked content BZ WBK close to buy Deutsche Bank Polska

WSE-listed lender BZ WBK has entered exclusive talks with Deutsche Bank Polska regarding the potential takeover Reuters said, citing two sources familiar with the matter. According to them both sides are negotiating the price and hopes to sign a deal before Christmas. Both banks declined to comment....