Locked content Fuel prices go up. Will rise again before holidays

Average fuel and LPG prices increased by PLN 0.02, while diesel went up by PLN 0.03, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.68/liter, diesel at PLN 4.57/liter and LPG at PLN 2.16. “The rise in oil prices affected prices on the wholesale market. ...

Poland finances 16.9% of 2018 borrowing needs – FinMin

Poland financed 16.9 percent of its 2018 gross borrowing needs after the Friday bond swap auction, the Ministry of Finance said. On Thursday, Poland sold PLN 5.9 billion worth of bonds in a swap auction, buying back PLN 5.78 billion in papers maturing in January 2018.

Locked content Stalprodukt buys Czech plant for €40 mln

WSE-listed steel producer Stalprodukt signed a conditional purchase agreement to acquire 100 percent shares of the Czech GO Steel Frydek Mistek from ArcelorMittal, the company said in a market filing. The value of the transaction is €40 million. The entry into force of the contract depends on obtain...

Locked content JSW signs PLN 1.35 bln coking coal supply deal

WSE-listed miner JSW signed a coking coal supply deal with Austrian steel producers voestalpine and Importkohle worth an estimated PLN 1.35 billion, the company said in a market filing. The deal will be valid for the period April 1, 2018 – March 31, 2023. Exact price terms will be agreed upon ...

Locked content BZ WBK takeover of Deutsche Bank Polska rating neutral – Fitch

Fitch rating agency analysts assume that the acquisition of a part of Deutsche Bank Polska will not affect the credit rating of BZ WBK, due to the small scale of transactions and the planned increase in BZ WBK’s capital in connection with the acquisition. “The transaction will increase BZ WBK&...

Locked content Poland to support road fund with PLN 6.1 bln from bond issues

Poland plans issue PLN 6.1 billion in bonds through the state-owned development bank to support the Krajowy Fundusz Drogowy road fund in 2018, according to the ministry of infrastructure. The bond issuance is to support a PLN 16.1 billion investment plan for the next year. Both foreign and domestic ...

Locked content Alior to launch online loan sales platform

WSE-listed Alior Bank will invest some PLN 30 million in launching a new digital loan sales platform Bancovo. The service will be launched in January/February next year. The project will open with a cash loan offer from banks and lending firms and by mid-2018 will introduce other products, including...

Locked content R22 sets IPO price at PLN 17.5

IT and telecom group R22 set its IPO price at PLN 17.5 and will sell 5.2 million shares, including 1.7 million existing ones. Only 250k shares will be sold to retail investors with the remainder being offered to institutional ones. The maximum price in the IPO was set at PLN 23 apiece. “The strategy...

Locked content KGHM doesn’t secure environmental approval for Canadian project

British Colombia authorities announced that they will not be issuing an environmental certificate for its Ajax copper and gold mine, owned by WSE-listed KGHM. British Columbia said on Thursday the adverse effects of the project would outweigh any benefit. The province’s decision follows a seven-year...

Locked content Sejm approves new electoral laws

Ruling Law and Justice (PiS) party passed the law giving the parliament, the right to nominate seven out of nine members of the State Electoral Commission PKW. Currently, that right is reserved for the country’s top courts. On top of that, the interior minister will be able to nominate all candidate...