Locked content Famur owes PLN 48.9 mln plus interest in back taxes

WSE-listed mining equipment producer Famur will have to return PLN 48.9 million in VAT from October 2013, plus interests. According to tax authorities, one of Famur’s units incorrectly calculated the VAT due in relation to a transfer of assets in a capitalization deal, the company said in a market f...

Locked content PGNiG to reach 1 mcm daily output in Pakistan

WSE-listed, state-owned gas giant PGNiG will increase its daily production in its Rizq Pakistani outlet to 1 million cubic meters daily, the company said in a market filing. The increased capacity is thanks to connecting a new borehole to extraction equipment, which will come online by end-February....

Locked content GetBack buys PLN 400 mln debt portfolios

WSE-listed debt collector Getback signed two preliminary binding deals to buy NPLs with a nominal value of PLN 400 mln secured on Polish real estate properties, the company said in a market filing. The NPLs will be purchased from a financial firm quartered in Copenhagen….

Locked content Orban: We will block any EU action on Poland

Hungarian Prime Minister Viktor Orban said that Hungary sees Poland as its ally, and so will block any action to suspend Poland’s voting rights in the EU. “We need to make it clear to the EU that it is pointless to even start proceedings against Poland as there is no chance of seeing it through̷...

Locked content UN judicial expert calls Polish judiciary overhaul ‘political...

The UN independent expert on the independence of judges and lawyers, Diego García-Sayán criticized Poland for its judiciary reforms, calling them “political.” “These new laws are part of a larger plan aimed at placing the judiciary under the political control of the ruling party,” García-Sayán said ...

Locked content Foreigners spent PLN 11.7 bln on shopping in Poland in Q3

Foreigners spent PLN 11.7 billion on purchases in Poland, up by 7.7 percent y/y, Poland’s Central Statistics Office (GUS) said. In q/q terms, the figure went up by 7.3 percent. At the same time, Poles spent PLN 6.8 billion abroad, which was 6.5 percent higher y/y and 41.7 percent increase q/q…...

Locked content OT Logistics sells 8.7% stake in Luka Rijeka to PFR

WSE-listed logistics operator OT Logistics will sell 8.75 percent of its stake in Croatian port Luka Rijeka to state-owned development fund PFR for PLN 32.8 million, the company said in a market filing. OT Logistics will retain its control over the harbor as it has 26.51 percent shares in the compan...