Locked content Investment funds with PLN 1.95 bln net inflows in November

Polish investment funds recorded PLN 1.95 billion in net inflows in November, according to data released by Analizy Online. Retail investment funds had over PLN 2 billion in net inflows last month, which is the best result since January 2008, and the eleventh straight month with over PLN 1 billion i...

Locked content PiS with record-high support – Kantar Public poll

According to the latest poll conducted by Kantar Public, if elections took place now, 50 percent of Poles would vote for ruling Law and Justice (PiS), while 17 percent would vote for Civic Platform (PO). PiS support increased by 5 percentage points, while PO’s support dropped by 6 pps. Other p...

Locked content Orlen to bid on remaining stake in Czech Unipetrol

WSE-listed, state-owned oil giant PKN Orlen launched a voluntary tender offer to buy the remaining shares in its Czech peer Unipetrol in which holds a 62.9 percent stake. Orlen is offering CZK 380 per share and will proceed to a purchase if 90 percent of the shares are tendered, allowing the group t...

Locked content EC approves PLN 40 bln renewables support program for Poland

The European Commission has approved the PLN 40 billion Polish renewable energy support program.  “The Polish support scheme will increase the share of green energy in Poland’s energy mix and help the country’s energy transition [and] will also preserve the global competitiveness of comp...

Locked content Amica bids for troubled Fagor brand

WSE-listed white goods producer Amica made a €5 million offer for Fagor brand owned by the bankrupt Spanish appliance group Edesa Industrial. Amica does not rule out other takeovers of troubled whitegoods brands. Amica plans to finance the transaction from its own means as well as debt. Fagor sells ...

Locked content Lotos signs deal for minimum five US oil deliveries

WSE-listed, state-owned refiner Lotos signed a deal for at least five deliveries of US oil in 2018, the company said in a market filing. “This is the first non-spot agreement for US oil deliveries in Poland’s history,” Lotos CEO Marcin Jastrzębski said. “For over ten months, Lotos has been con...

Locked content US concerned about fine imposed on TVN

The US State Department criticized the National Broadcasting Council KRRiT decision to fine private broadcaster TVN (owned by Discovery Communications) for broadcasting opposition protests which the council called “encouraging behavior which threatens public safety.” The PLN 1.48 million fine, accor...

FDIs drop to PLN 54.9 bln in 2016 – NBP

The foreign direct investments (FDI) net inflows last year amounted to PLN 54.9 billion, according to Poland’s Central Bank (NBP). The figure is lower by PLN 2.6 billion compared to 2015. The figure is in line with previous NBP’ estimates.