Locked content Poles divided over Article 7 – CBOS poll

According to the latest CBOS poll, 43 percent of Poles do not agree with the European Commission decision to launch Article 7 procedure against Poland. As many as 38 percent agree with it, while 19 percent do not have an opinion on this matter. When it comes to reasons why the procedure was launched...

Budget deficit reached PLN 25.4 bln last year – FinMin

According to the Finance Minister Teresa Czerwińska, the budget deficit in 2017 amounted to PLN 25.4 billion, which represents 42.7 percent of the value planned in the budget bill, and lower by PLN 20.8 billion compared to 2016. “Such low deficit is not a surprise and has developed at the expected l...

Locked content BZ WBK plans to set up mortgage bank

WSE-listed lender BZ WBK will soon file an application to the Financial Supervision Authority KNF to set up a mortgage bank within its group, the bank’s CEO Michał Gajewski informed. “We are very close to submitting an application to KNF, we’re consulting it and are in constant dialogue with the reg...

Poland sells €1 bln green bonds

The Ministry of Finance sold €1 billion worth of green bonds with €3.25 demand from the investors. The 8.5-year bonds have a 1.153 percent yield and 23 basis points over midswaps.

Locked content ZUS transfers PLN 11.6 mln to OFEs this week

Social Insurance Board (ZUS) transferred PLN 11.6 million to the open pension funds (OFE) this week. So far this year, ZUS transfers amounted to PLN 227.2 million. Last year, ZUS transferred PLN 2.93 billion to OFEs. Poland has been transferring a portion of the Poles social security premium to thei...

Locked content PSG with PLN 2.8 bln CAPEX

PSG, a subsidiary of WSE-listed gas giant PGNiG had its PLN 2.86 billion CAPEX approved by the energy market regulator URE. The company plans to invest this amount in the next two years. As stated, the funds will be used for adding new clients, construction of new and modernization of existing gas d...

Locked content Report: Poland’s wealth below global average

According to the World Bank’s report: The changing wealth of nations, Poland’s total wealth per capita amounts to $ 154,932 below the global average of $168,580. The report, which measures global wealth, takes into account produced capital and urban land, natural capital such as resources and land, ...

Locked content ING Bank Śląski Q4 profit soars

WSE-listed ING Bank Śląski posted a PLN 366.8 million attributable net profit in Q4, up by 43.9 percent y/y, and down by 2.4 percent q/q, according to the company’s preliminary figures. Revenue from interests increased by 11.7 percent y/y to PLN 904.5 million, while earnings from fees and commission...

Locked content BZ WBK Q4 profit grows

WSE-listed lender BZ WBK recorded PLN 548.99 million consolidated net profit in Q4, up by 19.1 percent y/y, according to the company’s preliminary financial results. Net interest income amounted to PLN 1.37 billion up by 8.2 percent y/y while net fees and commissions income reached PLN 515.39 millio...

HB Reavis: over 52,000 sqm leased in 2017

Developer HB Reavis has revealed it last year signed lease agreements for a total of over 52,000 sqm of office and retail space at its Warsaw properties, which is almost 10,000 sqm more than in 2016. The company secured 38 new tenants in the city in 2017. The most space – approximately 33,400 sqm – ...