Locked content Investment funds with PLN 718 mln outflows in June

Retail investment funds recorded net outflows of PLN 648 million in June, according to data released by Analizy Online. Collective investment funds recorded net outflows of PLN 70 million. Together it resulted in PLN 718 million outflows in June. Money funds recorded inflows for the seventeenth mont...

Locked content Bioton will cooperate with Sequoia

Bioton signed a cooperation agreement with Sequoia for production, distribution, and promotion of medicinal products, medical devices, and functional foods – Bioton said in a press release. Under the agreement, Sequoia will sell its products to Bioton. It will also provide know-how related to ...

Locked content Senate supports bill for health expenses increase

The Senate adopted the bill for the growth of public health expenses to at least 6 percent of GDP without amendments.  54 Senators voted in favor of the bill, 5 were against and 21 abstained. The change should be effective from 2024. In 2018 public health expenses must be at least 4.78 percent GDP, ...

Locked content Kruk may buy PLN 1 bln debt portfolio in Spain

Debt collector Kruk has been chosen as the most favorable buyer of unsecured retail receivables portfolio in Spain. The nominal value of the portfolio is €230 million (PLN 1 billion), the company said. The portfolio consists of over 100,000 consumer claims, and the seller is one of the largest finan...

Locked content Polish farmers may continue protests

Farmers, who protested in Warsaw on Friday, said they will continue demonstrations if Prime Minister does not reply to their petition, the leader of Association of Potato and Vegetable Producers Michał Kołodziejczak said. “We have already talked with the Ministry of Agriculture and we know tha...

Locked content National Support Center for Agriculture buys stake in PKL

National Support Center for Agriculture (KOWR) bought 45,000 shares in Polish Cableways (PKL), using its preemptive right. KOWR will apply to the court to determine the selling price of PKL shares. The capital of PKL amounts to 17.2 million shares. In June, KOWR  was notified about conditional share...

Locked content ERG targets export at 20% of revenue

Plastic products manufacturer ERG plans to increase export to 20 percent of revenue in 2018 versus 15 percent a year ago. The company has already started larger deliveries of foil products to Bulgaria and Tajikistan. In total, ERG exports its goods to 21 countries. During the recent years, ERG inves...

Locked content Unibep raises contract value for Ogrodowa Office

Developer Unibep signed an annex to the contract with WX Office Development for Ogrodowa Office in Łódź. It increases contract value by €4.7 million (about PLN 20.3 million), the company said.  The deadline for finishing works will be rescheduled to Q3. In July 2017 Unibep signed a contract for cons...

Locked content Nice buys smart home operator Fibaro

Italian-based Nice bought 100 percent in Fibar Group, a producer of smart home system Fibaro. The value of the transaction is PLN 250 million. This is the biggest Nice Group investment in the smart home and Internet of Things sector. Fibaro says that having Nice as a strategic investor will allow of...

Locked content T-Bull sets share price at PLN 50/shr

Game producer T-Bull set price for F series shares at PLN 50 per share. The company will issue 40,000 shares. 21,103 shares will be offered to individual investors and the remaining 18,897 will be allocated to institutional investors. The company decided to issue shares due to plans of moving to the...