Locked content OT Logistics will offer PLN 200 mln bonds in June

OT Logistics has signed a deal with Bank Pekao and mBank, which will underwrite its bond issue of PLN 200 million in June. The bonds will have a 1-7 year maturity. OT Logistics plans to refinance the debt from its previous bonds issues and bank loans with the funds raised in this offering. Thus far,...

Locked content Hisense offers to buy 12 mln shares of Gorenje at €12 per share

Hisense Luxemburg Home Appliance Holdings, part of a Chinese holding, has placed an offer to purchase 24,424,613 shares of Gorenje at €12 per share, Gorenje stated. The offer is valid through May 29-June 26, 2018. Hisense already holds 8,050,014 shares of the household appliance producer. Earlier in...

Locked content German chains Tedi and Globo mulling Polish expansion

German discount store chain Tedi, as well as footwear retailer Globo are looking to launch stores in Poland, according to the Polish Shopping Centre Council (PRCH). “As every year, several new brands have already expanded their offer into Poland and more are interested in expansion, including German...

Locked content PKO holds over 100k accounts for foreign nationals

At the end of Q1 2018 Poland’s biggest lender PKO BP held 102,000 current accounts of foreign nationals living in Poland, 12,000 more than at the end of Q4 2017. The majority of the immigrants were from Ukraine, Moldova and Belarus, ISBnews reported citing the bank’s press office. PKO’s mobile app f...

Locked content IKEA to open third Warsaw store in the second half of the year 

IKEA will open a new store in the Blue City shopping center in the second half of 2018, the company has announced. The third location in Warsaw will differ from the standard IKEA store. The new, smaller format store in the city center will be equipped with innovative product presentation solutions t...

Poland joins international supercomputer program

Poland has joined an international initiative which aims to create a European computer system of high computing power. The declaration was signed by the head of the Ministry of Science Jarosław Gowin and announced by the Ministry of Science and Higher Education.

Polish exports increase 9.3% y/y

Exports from Poland in April 2018 increased by 9.3 percent y/y, and dropped by 4.6 percent in monthly terms, said the chief economist of the Polish Chamber of Commerce Piotr Soroczyński in an analysis prepared on the basis of economic data and opinions of members of the Polish Chamber of Commerce. H...

Locked content 40% of Poles with negative opinion of country’s direction

Some 35 percent of Poles think that things are going in the right direction in Poland, while 40 percent believe the opposite and 25 percent of respondents had no opinion on this subject. This is according to a May study by Kantar Public, a consulting and research agency. In terms of the Polish econo...