Locked content PGNiG sells 1 bln m3 gas to Ukraine

Since launching gas sales to Ukraine back in August 2016, WSE-listed gas giant PGNiG sold over 1 billion cubic meters of blue fuel to Kiev. In 2017, alone it sold over 700 million cubic meters. “We are happy with this result. The sale of natural gas to Ukraine is growing thanks to the pricing policy...

Locked content Getin secures KNF approval for PLN 750 mln subordinated bond program

WSE-listed Getin Noble Bank received the approval of Financial Supervision Authority KNF for its PLN 750 million subordinated bond program. According to the prospectus, the bank plans at least two issues within the next 12 months. The bonds will be floated on the Catalyst market. Getin Noble Bank es...

Locked content Kubot secures number 1 doubles spot

Łukasz Kubot became the first Polish tennis player to reach the top spot in the ATP ranking, becoming the number in the Doubles ranks, along with his partner, Brazilian Marcelo Melo. It’s a dream. As a doubles player, I am very happy and proud of my achievements with Marcelo [Melo] last year. It pai...

Locked content No injuries in emergency landing of LOT plane in Warsaw

A plane operated by PLL LOT was forced to make an emergency landing at Warsaw Chopin Airport with front landing gear failure. There were 64 people on board of the Bombardier machine, no one was injured. The plane was flying from Kraków to Warsaw, and during the landing attempt, minutes after 19.00, ...

Locked content EU warns Poland it could lose funding

EU Budget Commissioner Guenther Oettinger warned Poland that it could lose financially if it refuses to change its stance on the controversial judiciary reform. “Either the rule of law and the independence of courts would constitute a condition for claiming European budgetary resources. Or otherwise...

Locked content UOKiK greenlights Inea takeover

Antitrust watchdog UOKiK approved the takeover of cable company Inea by the Macquarie European Infrastructure Fund 5 (MEIF 5). “We are very happy with the quick decision and we hope that the entire transaction will be completed within a month. I believe that our partnership with MIRA [which controls...

Locked content ARP: Investment outlays in our SEZs last year reached PLN 5.5 bln

The value of investment outlays in two special economic zones managed by the Industrial Development Agency (ARP) reached PLN 5.5 billion. As many as 71 permits for conducting business activity has been issued, and 3.5k new jobs have been created last year, ARP said. The PLN 5.5 billion figure is the...

Locked content Kruk Q4 profit plummets – preliminary figures

According to preliminary estimates, WSE-listed debt collector Kruk had PLN 300 million net profit in 2017 a 20.6 percent y/y growth. The Q4 figure stood at PLN 9 million, compared to PLN 62.9 million Q4 profit in 2016. The company spent PLN 976 million on debt portfolios of PLN 16.4 billion nominal ...