Locked content PZU hopes to increase its banking assets to PLN 300 bln

WSE-listed insurer PZU plans to increase the value of its banking assets to “at least” PLN 300 billion by 2020, thanks to organic growth, the company’s CFO Tomasz Kulik said. At end-Q3 its value amounted to PLN 236 billion. PZU controls two WSE-listed lenders Pekao and Alior. Asked what percentage o...

Locked content Monnari launches buyback program

WSE-listed fashion retailer Monnari will run a buyback program for up to 20 percent of its shares at a price no higher than PLN 22 per share and not lower than PLN 0.1, the company said in a market filing. The program could last for up to 5 years, the company said. At the end…

Sejm adopts budget for 2018

The Sejm adopted the budget for 2018. “In 2018 we will make a breakthrough on the tax side and thanks to that, the planned deficit is the lowest in 28 years. At the same time, we secured funds for the entire social policy, internal and external security,” said PM Mateusz Morawiecki.

Locked content Investment funds with PLN 2.9 bln net inflows in December

Polish investment funds recorded PLN 2.9 billion in net inflows in December, according to data released by Analizy Online and IZFiA. Cash and money market funds recorded over PLN 1.2 billion in net inflows. Mixed funds enjoyed PLN 328 million net inflows. Overall, in 2017, net inflows amounted to PL...

Locked content PGNiG, JSW, Tauron, PGG sign methane production deal

WSE-listed, state-owned companies PGNiG, JSW, Tauron, and PGG signed a framework agreement to develop methane production from coal beds. PGNiG alone plans to spend PLN 300 million within the next three years on the project. The companies hope to increase domestic natural gas production, reduce the c...
admin-ajax (1)

Premium Food Restaurants shareholders call tender. Plan delisting

Majority shareholders of Premium Food Restaurants, a restaurant operator listed on the small-cap, alternative NewConnect market, Marek and Aleksandra Tymiński, are calling for the sale of some 600k shares in the company at PLN 0.31 apiece. The tendered stake represents 10.63 percent of the total num...

Locked content MEPs call to dismiss Czarnecki after Nazi comparison

A number of prominent European politicians, including leaders of four parties are calling to remove Law and Justice (PiS) MEP Ryszard Czarnecki from his position as the deputy president of the European Parliament after he likened fellow Polish MEP to a Nazi collaborator. In a letter sent to Parliame...

Locked content Metro subway with €448 mln EU funding

The European Commission adopted a package of investments worth more than €448 million from the Cohesion Fund to finance the extension of the second metro line in Warsaw. In addition, over €127 million has been earmarked for development of tram lines in the Polish capital. “The funds will be used to ...