Locked content Poland to play Portugal and Italy in the new Nations League

Poland has been drawn into a group with Portugal and Italy in the first ever UEFA Nations League competition. Polish football squad, along with 11 other top-seeded teams will play in League A. Overall, European football national teams have been divided into four leagues based on UEFA seedings, each ...

Locked content Movie Games mulls IPO

Video game producer Movie Games wants to debut on the WSE in 2018, the company said in a statement. Movie Games was founded in 2016 and employs dozens of people who work on seven productions in several studios throughout Poland. The company produces PC games which are distributed through Steam digit...

Locked content Jakubas plans on delisting CNT. Calls tender offer.

The majority shareholder of WSE-listed constructor Centrum Nowoczesnych Technologii (CNT) Zbigniew Jakubas and his subsidiaries are organizing a tender offer for all remaining shares in the company at PLN 9 apiece. Jakubas and his subsidiaries control 65.76 percent of CNT stock and if the tender is ...

Locked content Euler Hermes: Insolvencies reach 900 in 2017

As many as 900 Polish companies became insolvent in 2017, which is a 12 percent increase y/y, said Euler Hermes in its report. Euler Hermes points out that the biggest problems companies face is lack of financial cushion caused by low margins which in turn prolong the maturity of invoices. In transp...

Locked content ZUS transfers PLN 138 mln to OFEs this week

Social Insurance Board (ZUS) transferred PLN 137.9 million to the open pension funds (OFE) this week. So far this year, ZUS transfers amounted to PLN 215.6 million. Last year, ZUS transferred PLN 2.93 billion to OFEs. Poland has been transferring a portion of the Poles social security premium to the...

Locked content EU confirms that it wants to tie funds to rule of law

The EU’s is working on a proposal that could oblige member states such as Poland, which has clashed with Brussels over its judiciary reforms, to pass tests on the independence of their judicial systems before receiving funding. “One way could be to insist that independent justice systems are necessa...

Locked content Government support grows – Kantar Public poll

As many as 46 percent of the respondents believe that the government is doing a good job, while 38 percent thinks otherwise, according to a poll conducted by Kantar Public. The supporters number increased by 3 percentage points m/m, while the number of opponents contracted by 6 percentage points. PM...

Murapol with third residential project in Poznań

Developer Murapol has launched apartment sales in the first phase of its Murapol Nowy Poznań project in Poznań, which is the company’s third residential scheme in the city. On offer are a total of 189 housing units in two buildings that are scheduled to be completed in the second quarter of next yea...