MF sells PLN 7 bln worth of bonds. Debt needs financed at 37%

The Ministry of Finance sold PLN 7 billion worth of bonds on auction. The five series will mature in 2020, 2022,2023, and 2028 (two series). Investor interest was at PLN 10.4 billion. According to the ministry after this bond issue, this year’s budget debt plan has been financed at 37 percent.

Locked content Fuel prices stabilize

Average fuel and diesel prices decreased by PLN 0.02, while LPG prices dropped by PLN 0.01 last week, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.70/liter, diesel at PLN 4.61/liter and LPG at PLN 2.12. This week should see a stabilization of the pric...

Locked content Tillerson: We’re against Nord Stream 2

The US Secretary of State Rex Tillerson called the planned Nord Stream 2 gas pipe between Russia and Germany as a threat to Europe’s energy security. “Like Poland, the United States opposes the Nord Stream 2 pipeline. We see it as undermining Europe’s overall energy security and stability. Our oppos...

Locked content Poland’s renewables share at 11% – Eurostat

The share of renewable energy sources in energy consumption in the European Union reached 17 percent at end-2016, the EU statistics office Eurostat announced. In Sweden, more than half (53.8 percent) of consumed energy came from renewable sources. Finland was second (38.7 percent), followed by Latvi...

Poles work 41.2 hours per week – Eurostat

On average, a full-time European employee works 40.3 hours a week, according to data released by the EU statistical office Eurostat. People work the longest in the UK (42.3 hours), while Denmark had the shortest (37.8 hours), Poland with 41.2 hours was fifth.

Locked content Israel criticizes Poland over Holocaust law

Israeli PM Benjamin Netanyahu called the proposed law which would outlaw the use of phrases such as “Polish death camps” and make it punishable by up to three years in prison, “baseless.” He also ordered his Polish ambassador to meet with Polish PM Mateusz Morawiecki to express his strong opposition...

New phase of Olivia Business Centre gets under construction

Developer Olivia Business Centre has launched construction work on the eighth building within its eponymous office complex in Gdańsk. The project will feature 15 floors and comprise 25,000 sqm of leasable space. It is scheduled to be completed by the end of next year. The development will be connect...

Locked content PKP Cargo mulls takeover

WSE-listed, state-owned logistics operator PKP Cargo along with the Industry Development Agency ARP are negotiating a potential takeover of insolvent train cars factory Gniewczyna from its Slovak owners,  Both interested parties have ordered an audit and expect the final decision to be made February...

Locked content Ultimate Games mulls IPO

Shareholders of Ultimate Games have agreed to trade the company’s shares on the small-cap, alternative NewConnect market, the company announced. Ultimate Games is a producer and publisher of fishing and hunting simulators. Its biggest hit so far is Ultimate Fishing Simulator which had some 1.5...