Locked content Kubica named reserve driver for F1 Williams team

Robert Kubica failed to secure a driver spot for the Formula 1 team Williams for the upcoming season but has been named the reserve and development driver for the team. Russian Sergey Sirotkin was announced as a race driver joining Canadian Lance Stroll. Kubica and Sirotkin competed for the spot dur...

Base inflation at 0.9% in December – NBP

Poland’s base inflation (excluding food and energy prices) amounted to 0.9 percent in December y/y. In m/m terms it remained unchanged, according to data released by Poland’s Central Bank NBP.

Locked content Link4 with 1 bln premiums in 2017

Link4, a direct insurance unit of WSE-listed PZU, raised PLN 1 billion in gross written premium last year, CEO Agnieszka Wrońska said. The unit plans the growth to slow down this year but still hopes to reach single-digit growth and expects to expand faster than its competitors. The company had one ...

Locked content KNF: OFE assets reach PLN 179.5 bln at end-17

Net assets under management of open pension funds (OFE) totaled PLN 179.53 billion at the end of 2017 compared with PLN 153.43 billion a year earlier, the Financial Supervision Authority KNF reported. The three biggest funds in terms of net assets (out of 11 currently operating) are: Nationale-Neder...

Locked content Lotos and PGNiG get two new Norwegian licenses each

WSE-listed Lotos and PGNiG each secured stakes in two exploration licenses on the Norwegian continental shelf, the Norwegian Ministry of Petroleum and Energy said. Lotos secured licenses on the North Sea, while PGNiG won stakes in licenses on the Norwegian Sea. They were awarded in the licensing rou...

Locked content ING secures KNF approval to set up mortgage unit

The Financial Supervision Authority KNF approved the ING Bank Ślaski motion to set up a mortgage bank. The decision was unanimous with KNF approving the new unit’s management board as well. Mirosław Boda was appointed its CEO. In accordance with the approved bank statute, the subject of activity of ...

Locked content Play signs call option deal for Virgin Mobile Polska

WSE-listed mobile operator Play signed a call option agreement to buy Poland’s biggest mobile virtual network operator (MVNO) Virgin Mobile Polska in 2020, the company said in a market filing. “These agreements give Play, among others, a call option to acquire all shares in VMP during 2020 at ...