Locked content Media: EU funds for Poland to be cut by 23% in the new budget

According to media reports, in the new European Union 7-year financial framework, cohesion policy funds for Poland will be 23 percent smaller than in the current one. Still, with €64.4 billion that Warsaw will get is the biggest amount among EU member states. The second will be Italy, with €38.6 bil...

Locked content Tax office to prepare tax declarations for citizens – FinMin

Starting from next year, Poland’s tax authority KAS will start preparing tax declaration for taxpayers, Finance Minister Teresa Czerwińska announced. The declarations will be prepared electronically (for PIT-37 and PIT-38 declarations) based on existing information from the tax office. It will inclu...

Locked content Brand24 mulls move to WSE main index

Listed on the small-cap, alternative NewConnect market, Brand24 does not rule out the move to the WSE main index next year, said CEO Michał Sadkowski. “Specific decisions have not yet been made. The move will not be followed by new share issues and we see it as a nod to existing shareholders in orde...

Locked content Mid Europa Partners to acquire JS Hamilton

Investment fund Mid Europa Partners has signed a conditional agreement to purchase a majority stake in JS Hamilton for an unspecified amount. The deal, if approved by the antitrust watchdog UOKiK, will go through Mid Europa’s subsidiary, Lamferto Investments. JS Hamilton is a group of companies loca...

Locked content IDC: 2.1 million smarthpones sold in Q1. Huawei overtakes top spot.

Smartphone sales in Poland reached over 2.1 million units in the first quarter of this year, according to IDC analytics.  This was a 2 percent y/y growth. Huawei with its Huawei and Honor brands achieved a 32 percent market share and overtook Samsung as the top seller. Apple was third, followed by X...

Locked content PFR to takeover PESA

Troubled rolling stock producer PESA Bydgoszcz has signed an agreement regulating the details of the takeover of its shares, by the state-run polish Development Fund PFR. The deal is expected to be finalized by mid-June. “The completion of negotiations is good news for the company and its employees,...

Locked content Kulczyk Investments won’t sell Polenergia stake in PGE tender offer

The majority shareholder of WSE-listed renewable energy firm Polenergia, Kulczyk Investments will not be selling its 50.2 percent stake in a tender offer by state-run, WSE-listed power utility PGE. “Polenergia is a long-term investment, thus the Kulczyk family do not intend to answer to the bid plac...