Locked content Georgette Mosbacher to become new US ambassador to Poland

The White House announced that businesswoman and Republican fundraiser Georgette Mosbacher will become the new US ambassador to Poland. Her husband, Robert, served as US Commerce Secretary under George H.W. Bush. In 2015, she was nominated by Barack Obama as a member of the United States Advisory Co...

Locked content GO TFI to takeover Rezydent FIZAN

Investment fund GO TFI submitted a motion to the antitrust watchdog UOKiK regarding the takeover of the Rezydent FIZAN fund. Rezydent FIZAN was created and managed by FinCrea TFI, to which lost its KNF license in November last year. The fund is currently represented by the depositary, Raiffeisen Ban...

Locked content Electricity consumption drops in January – grid operator PSE

Electricity consumption decreased by 1.11 percent y/y in January to 15.36 GWh, while production dropped by 7.6 percent y/y to 14.76 GWh, the national grid operator PSE said. In 2017, the consumption amounted to 168.14 TWh, a 2.13 percent y/y increase, while production reached 165.85 TWh, a 1.98 perc...

Locked content PwC: this year could be as good for IPOs as 2017

This year could be as good for IPO on the WSE as 2017, but MAR regulations may cause the withdrawal of many companies from the stock exchange, PwC consultancy said in its report. “In 2018 we can expect further intensified activity on the capital market, this will apply to both stock market debuts (p...

Locked content Lotos to set up €40-50 mln CVC fund

WSE-listed fuel giant Lotos plans to establish a corporate venture capital (CVC) fund worth €40-50 million and is currently selecting fund managers for the project, the company said in a market filing. “The end of the selection process of the management team is planned for mid-2018. The next step wi...

Locked content mytaxi to extend its services in Poland

International digital taxi company mytaxi plans to launch its services in a number of new Polish markets, including Łódź, Wrocław, Katowice, and Poznań, the company announced. So far, its services were available in Warsaw, Kraków, and Tri-City. “In 2017, the number of mytaxi users exceeded 11 millio...

Locked content Fintech to change its profile to an IT company

Listed on the small-cap, alternative market NewConnect Fintech plans to change its profile to an IT company and a game developer, the company said in a market filing. The company’s strategy from 2015  assumed investment activities in the private equity and venture capital segment in Poland and...