Locked content Poland with 2 medals at PyeongChang Winter Olympics

Polish athletes won two medals at the PyeongChang Winter Olympic Games which concluded on Sunday. Ski-jumper Kamil Stoch won gold in the normal hill event, while the ski jumping team (Maciej Kot, Stefan Hula, Dawid Kubacki, and Kamil Stoch) took the bronze. Overall, in the medals table, Poland was 2...

MF sells PLN 4 bln worth of bonds

The Ministry of Finance sold PLN 4 billion worth of bonds on auction. The six series will mature in 2020, 2023,2024, and 2028 (two series), and 2047. Investor interest was at PLN 13.06 billion. According to the ministry after this bond issue, this year’s budget debt plan has been financed at 3...

Locked content Fuel prices continue to drop

Average fuel and diesel decreased by PLN 0.04 last week, while LPG prices dropped by PLN 0.03, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.60/liter, diesel at PLN 4.50/liter and LPG at PLN 2.05. “Due to the rapid changes in prices on the wholesale ma...

Locked content PGE Opole expansion with further delays

WSE-listed power group PGE said that after the negotiations with the general contractors, the construction of its two power units in Ostrołęka plant will be further delayed. The block number 5 will be finished by end-May next year (5monthsh later), while block number 6 will be delayed by 2 months to...

Unemployment grows in January – GUS

Poland’s unemployment rate stood at 6.9 percent at the end of January, the Central Statistical Office (GUS) informed, representing a 0.3 percentage points m/m growth.

HICP inflation at 1.6% in January – Eurostat

The harmonized index of consumer prices for Poland stood at 1.6 percent year-on-year in January after a 1.7 percent growth in December, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices increased by 0.2 percent.

Locked content Banks to pay over PLN 2.2 bln to guarantee funds

Polish banks will pay PLN 1.24 billion to the banks’ guarantee fund BFG and PLN 960 to the resolution fund this year, the Banking Guarantee Fund said. The amount is 5 percent higher than in 2017 when lender had to pay PLN 1.182 for the resolution fund and PLN 915 million to BFG. Banks can…

Locked content Cyfrowy Polsat extends tender Netia shares

WSE-listed media group Cyfrowy Polsat extended its tender offer for shares of listed telecom Netia to April 9, as the antitrust watchdog UOKiK sent the case has been entered into the second phase of the proceedings, reserved for more complicated cases. Subscriptions originally were to have ended Mar...

Locked content Śląskie Kamienice mulls move to WSE main market

Listed on the small-cap, alternative market Śląskie Kamienice company will vote on a draft resolution on March 26 to move the company’s shares to the WSE main market. Additionally, the company plans to buy up to 2,083,892 of its own shares at PLN 0.1 to PLN 12 apiece. The company debuted on NewConne...

Locked content Idea Bank with PLN 27.9 mln impairment to Q3 results

WSE-listed Idea Bank, a unit of listed Getin Holding will have a PLN 27.9 million impairment to its Q3 results, after writing off loans worth PLN 34.3 million, the company said in a market filing. The company estimates that the write off will reduce its Q3 net profit by PLN 15.2 million. The amendme...