More Riviera Park apartments on sale in Warsaw

Developer Marvipol Development has launched sales of apartments in the third phase of its Riviera Park residential project in Warsaw. On offer are a total of 239 units in four buildings, construction on which is scheduled to launch in May. The Riviera Park scheme is located in the Białołęka district...

PHN dismisses CEO

WSE-listed, state-run real estate firm Polski Holding Nieruchomości (PHN) dismissed its CEO Maciej Jankiewicz and appointed the head of its supervisory board Izabela Felczak-Poturnicka as acting CEO, the company said in a market filing.

MF sells PLN 3 bln worth of bonds. Debt needs financed at 50%

The Ministry of Finance sold PLN 3 billion worth of bonds on auction. The five series will mature in 2020, 2023,2024, and 2028 (two series). Investor interest was at PLN 6.6 billion. According to the ministry after this bond issue, this year’s budget debt plan has been financed at 50 percent.

Locked content KNF fines PZU for PLN 1.7 mln

Financial Supervision Authority KNF slapped WSE-listed insurer with a PLN 1.7 million fine for delays in granting and paying out claims or not reporting obligations. According to Polish insurance regulations, the company has to pay compensation within 30 days, counting from the day the injured party...

Locked content KNF suspends Hawe trading on WSE indefinitely

The Financial Supervision Authority KNF unanimously imposed PLN 700,000 fine on WSE-listed telecommunications infrastructure firm Hawe and suspended its trading on the Warsaw bourse indefinitely. The exclusion is a result of the repeated infringement by Hawe of the Public Offering Act, including thr...

Locked content Carrefour to open 2 supermarkets and 100 convenience stores in 2018

Retail chain Carrefour plans to open 2 new supermarkets and some 100 convenience stores this year, as the company wants to focus on modernization of existing assets, the company said. The modernization process will concern 7 hypermarkets and about 20 supermarkets. Other goals for 2018, include devel...

Locked content mBank to boost Q1 results by PLN 177 mln

WSE-listed lender mBank will book PLN 177 million one-off to its Q1 results from the sale of a part of its mFinanse unit. Additionally, the bank could book up to PLN 192 million in net profit over the next six-year period, depending on the subsidiary performance. Last year, mBank sold part of mFinan...

Locked content Próchnik files restructuring motion. Plans to sell Rage Age brand

The management board of WSE-listed fashion retailer Próchnik filed a restructuring request to the district court in Warsaw. In it, Próchnik outlines the plan to sell its assets not directly necessary for the company’s operations, which include the Rage Age brand, as the company wants to shift the fo...