Locked content Hisense looking to buy 100% shares of Gorenje

Hisense Luxemburg Home Appliance Holdings, part of a Chinese holding, has placed an offer to purchase all shares of Gorenje Gospodinjski aparati, the latter company stated. Earlier in May, Gorenje announced it had chosen Hisense as a strategic partner offering it 50 percent plus one share at €12 per...

Locked content Bowim preliminary net profit at PLN 5.65 mln in Q1

Bowim recorded PLN 5.65 million of consolidated net profit in the first quarter of 2018, which is PLN 3.77 million less than a year earlier, the company announced presenting its preliminary data. The company stated Q1 operating profit amounted to PLN 11.8 million, which is a decrease of PLN 3.4 mill...

Locked content Maxima Grupe announces squeeze-out of Emperia shares

Lithuanian retail chain Maxima Grupe announced mandatory squeeze-out of 354,531 shares in Emperia Holding representing  2.87 percent of its share capital, at PLN 100.0 per share. The squeeze-out, brokered by Dom Maklerski mBank, commences on May 11 . Purchase date is set on May 17. In November 2017 ...

Locked content Petru leaves Nowoczesna

Ryszard Petru, founder and former leader of political party Nowoczesna Ryszarda Petru, has decided to leave the grouping. “Nowoczesna is my child, but it is flowing its own path now,” he stated last Friday. “I have made a difficult decision to leave Nowoczesna effective today. I do it with sadness a...

Locked content KGHM signs 5-year contract for PLN 7.5-8.1 bln

Copper mining giant KGHM will deliver nearly 300,000 metric tonnes of copper wire rods to cable manufacturer Tele-Fonika Kable over the period of five years for an estimated value of PLN 7.5-8.1 billion, KGHM’s CEO Rafał Pawełczak told PAP. The mining company will deliver at least 58,000 tonnes of c...

Wild: Keeping Warsaw airport ‘antisocial and anti-developmental’

The idea to maintain an airport so close to Warsaw’s city center is anti-social and anti-developmental, because it restricts the city’s development, said Mikołaj Wild, the government proxy for the construction of the Central Airport, which is set to be built between Warsaw and Łódź. Wild responded t...

Locked content Bank Handlowy’s Q1 profit increases

Bank Handlowy reported consolidated net profit of PLN 145.84 million in Q1 2018, compared to PLN 42.66 million in the corresponding period of last year, the lender stated in a report. Profit from interest amounted to PLN 277.17 million, up from PLN 254.28 million in Q1 2017, while profit from commis...

Locked content V4 and Balkan states support EU expansion

Heads of Foreign Affairs of the Visegrád Group (V4), which includes Poland, Hungary, Czechia and Slovakia, as well as the Balkan members of the EU (B4): Greece, Romania, Bulgaria and Croatia, agreed to support the expansion of the European Union to include six Western Balkan states: Albania, Serbia,...

Locked content Orban visits Poland to talk EU budget and migration

On Monday, Hungary’s Prime Minister Victor Orban will meet with PM Mateusz Morawiecki and President Andrzej Duda. This will be the first visit of PM Orban to Poland after the victory of Fidesz in the latest election. EU budget, migration policy, as well as regional cooperation and bilateral relation...

Apartment prices up 7.5% y/y, highest growth in years – expert

Prices for apartments sold by developers in Poland’s six biggest markets increased by some 7.5 percent between April 2017 and April 2018, according to an analysis prepared by RynekPierwotny.pl for PAP. This is the quickest price surge observed over the past few years. “Since the beginning of the boo...