Locked content PFR head: Pekao should consider supermerger with PKO

According to the president of the state-run Polish Development Fund (PFR) Paweł Borys, two of the largest state-run lenders Pekao and PKO should consider a merger in order to compete with rivals outside Poland amid expected consolidation in Europe’s banking sector. “There is an example of a merger b...
shutterstock_2077400

PwC: Polish companies not cyber secure

Only 8 percent of Polish companies are cyber secure, according to a report by PwC consultancy. Moreover, last year, as a result of cyberattacks, 44 percent of Polish enterprises suffered financial losses, while 62 percent reported disruptions and downtime.

Locked content Synthos board approves delisting

Synthos shareholders decided at the general meeting to delist the company from the Warsaw Stock Exchange.  “The shareholders authorized the management board to apply to the Financial Supervision Authority KNF for permission to restore the shares form (cancellation of dematerialization), submit an ap...

Locked content Solaris with record-high sales

Bus producer Solaris Bus & Coach sold 1,397 buses and trolleys with PLN 1.85 billion in revenue, setting a new company’s record. “For the 15th time in a row, the company took first place in the segment of low-floor city buses with a market share of 51 percent,” the company said. Exports in 2017 ...
Image: HB Reavis

Warsaw’s West Station II almost fully leased out

Seven new tenants – Amadeus, Inter Polska, mfind.pl, EWL Group, Nordstaff, Savangard and Link Group – have recently leased space in the West Station II office building in Warsaw’s Ochota district. The companies will occupy a total of 6,000 sqm in the property. As a result of the latest lease deals, ...

Locked content BGŻ BNP Paribas to issue shares to meet capital requirements

WSE-listed lender BGŻ BNP Paribas plans to issue new shares within the next six months in order to meet the new regulatory requirements regarding Tier 1 and total capital ratios, the bank said in a market filing. “Taking into account the existing situation, the bank’s management board will imm...

Locked content Energa appoints Klimiuk as acting CEO

WSE-listed power utility Energa appointed its COO Alicja Klimiuk as acting CEO following the resignation of CEO Daniel Obajtek, who became the CEO of fuel giant Orlen on Monday, Energa said in a market filing. “Nothing changes in terms of priorities, investments. The continuity of management is assu...

Locked content EU conditionally approves Scripps takeover by Discovery

The EU antitrust regulators approved Discovery Communications $14.6 billion takeover for US-based Scripps Network Interactive. The European Commission, however, had some concerns regarding how this transaction might affect the Polish market. According to it the planned concentration could lead to an...

Locked content EU approves ETS reform

The European Parliament approved the ETS reform aimed at accelerating the withdrawal of emission allowances available on the EU Emissions Trading System (ETS) carbon market. The reform has been implemented to increase prices for greenhouse gas emissions to over €30 per metric ton. On the one hand, i...