Locked content Bank Millennium confirms its PLN 681 mln 2017 profit

WSE-listed Bank Millennium, posted a PLN 681.2 million net profit, down by 2.9 percent y/y confirming its preliminary results. Excluding one-off incomes and fees (in particular the profit from the sale of Visa Europe), net profit groups increased by 30.8 percent. Net interest income stood at PLN 1.6...

Locked content Western Balkans to join EU by 2025 – Juncker

European Commission chief Jean-Claude Juncker told Western Balkan countries that he sees 2025 as the date when any of them could join the European Union provided they worked to meet the criteria for membership. According to EU strategy, Montenegro and Serbia are the closest to joining the bloc, as t...

Locked content Azoty extends coal deal with Bogdanka till 2022

WSE-listed chemicals Grupa Azoty extended its coal supply deal with listed coal miner Bogdanka by a year to end-2022 and increased volumes for the 2019-21 period, Azoty said in a market filing. Updated terms place the estimated value of their deal at some PLN 1.34 billion, including PLN 577 million ...

Locked content PGNiG finds new deposit in Podkarpackie

WSE-listed gas giant PGNiG has discovered a new gas deposit on its Lubliniec-Cieszanów concession in Podkarpackie voivodship, the company said in a market filing. The deposit is located 700 meters below the surface and its estimated production capacity is at 20 million cubic meters annually. “We use...

Locked content PiS support drops – Kantar Public poll

According to the latest poll conducted by Kantar Public, if elections took place now, 37 percent of Poles would vote for ruling Law and Justice (PiS), while 20 percent would vote for Civic Platform (PO). PiS support decreased by 5 percentage points, while PO’s support increased by 6 pps. Other...

Locked content OFEs again refuse to sell Tarczyński shares

Three open pension funds (OFEs) Nationale-Nederlanden Otwarty Fundusz Emerytalny, Aviva Otwarty Fundusz Emerytalny Aviva BZ WBK, and Otwarty Fundusz Emerytalny PZU Złota Jesień have said they will not sell their shares in WSE-listed meat processor Tarczyński despite the second price hike to PLN 14, ...

Locked content CBOS: 59% of Poles went on holidays in 2017

Last year, more than half of Poles spent at least two days outside their place of residence for leisure, according to CBOS survey. The figure is similar to that from 2016, however, as CBOS pointed out, at the beginning of last year, 59 percent of respondents planned to go away on holidays last year,...

Locked content Orlen finalizes Unipetrol takeover

WSE-listed fuel giant Orlen bought 31.04 percent stake in its Czech unit Unipetrol for PLN 3.5 billion, the company said in a market filing. After the transaction, Orlen will control 94.03 percent stake. “Following the purchase, the group’s net debt will remain at a safe level and should have ...

Locked content Novatours sets max IPO price at €13.5

WSE-bound Baltics tour operator Novaturas has set its maximum issue price for retail investors at €13.5 apiece. The price for institutional investors may be higher, the firm noted and will depend on the market conditions. Novaturas will sell up to 50 percent stake (3.9 million shares) and the offeri...