Locked content Poland 6th in the latest FIFA ranking

Polish men’s national football team has been placed 6th in the latest FIFA ranking. Compared to last month’s standing, Poland advanced by one spot and was the only one team in the top ten that moved its position and is now tied with Spain in ranking points. Polish team outranks such foot...

Locked content KNF approves OncoArendi IPO prospectus

The Financial Supervision Authority approved the IPO prospectus of a biotechnological firm OncoArendi Therapeutics, which specializes in oncological pharmaceuticals. The company plans to offer 500k-2 million new shares under its IPO planned for the turn of March and April, the company said. “The com...

Locked content Maxima extends Emperia tender yet again

Lithuanian retailer Maxima Grupe has extended its tender for 100 percent stake in WSE-listed retailer Emperia to April 12 from the previous March 16 end-date as the company failed to secure the antitrust watchdog UOKiK approval for the takeover in the previously assumed deadline. This is the second ...

Locked content Orange Polska wants to implement the 5G network in 2020-2021

WSE-listed telecom Orange Polska wants to conduct the first tests of its 5G network in 2019 and fully deploy it in 2020-21, the company said in a market filing. “Tests will initially cover isolated areas, and later, along with the progress of work, solutions covering all elements of the network, and...

Locked content Nuclear plant to cost PLN 70-75 bln – Energy Minister

The cost of building a nuclear power plant in Poland can be estimated at PLN 70-75 billion, and the development of the financial model is not an easy matter, said Energy Minister Krzysztof Tchórzewski. “We are talking here about the amount of PLN 70-75 billion. I still maintain that our capabilities...

Locked content Energa: Ostrołęka contractor to be announced ‘within days’

WSE-listed power group Energa will announce the winner of the tender to build its new gas-powered block in Ostrołęka “within days,” acting CEO Alicja Klimiuk said. The company received three bids ranging from PLN 4.85 billion to PLN 9.59 billion. Furthermore, Energa wants the block to take part in t...

Locked content PZU CEO: Pekao and Alior cooperation analysis should be known soon

Talks on the cooperation between Bank Pekao and Alior Bank are still ongoing and PZU hopes that it will know the results of this analysis soon. The insurer excludes scenarios that would benefit a single bank from the group at the expense of the other, said PZU CEO Paweł Surówka. “At this point, the ...

Locked content Budimex wins PLN 456 mln tender for S14 road

WSE-listed construction firm Budimex along with Strabag filed the best offer worth PLN 456.7 million net for building a section of S14 expressway, the company said in a market filing. Both companies hold 50 percent stakes in the deal with Budimex acting as consortium leader. The consortium will buil...

Locked content Energa with PLN 221 mln Q4 profit

WSE-listed energy firm Energa posted a PLN 221 million Q4 attributable net profit, up by 176.3 percent y/y, while EBITDA reached PLN 517 million, below the preliminary estimate of PLN 525 million. For the whole 2017, net profit amounted to PLN 773 million, up from PLN 151 million in 2016, while EBIT...