Locked content Government support drops – Kantar Public poll

As many as 42 percent of the respondents believe that the government is doing a good job, while 44 percent thinks otherwise, according to a poll conducted by Kantar Public. The supporters number decreased by 2 percentage points m/m, while the number of opponents grew by 3 percentage points. PM Mateu...

Treasury debt drops to PLN 956 bln

The debt of the State Treasury of Poland decreased in June by PLN 5.9 billion m/m to PLN 956.2 billion, the Ministry of Finance said. Since the beginning of the year, the treasury debt has increased by PLN 16.8 billion, the ministry said.

Locked content Konsalnet IPO prospectus suspended – KNF

Security firm Konsalnet had its issue prospectus approval process suspended, Financial Supervision Authority KNF informed. No further explanation was provided. The company filed its issue prospectus in October 2017. Back then, its CEO Jacek Pogonowski said, that he was not ruling out finding a strat...

Eurostat: public debt at 51.2% of GDP in Q1

Poland’s public debt in Q1 2018, calculated with the ESA2010 methodology, amounted to 51.2 percent of GDP, marking a 0.6 pp increase from the 50.6 percent recorded in the first quarter of 2018, Eurostat stated. The figure is lower than the one recorded in Q1 of 2017 when it stood at 53.8 percent of ...

Retail sales up by 10.3% in June – GUS

Retail sales increased in June by 10.3 percent year-on-year and by 3.4 percent m/m, according to Central Statistics Office GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 7.4 percent y/y and 1.5 percent m/m.

Locked content KUKE: 1,100 companies will go bankrupt this year

The Export Credit Insurance Corporation (KUKE) estimates that In 2018, about 1,100 companies will declare bankruptcy, up from the previous 1,000 estimation. KUKE bases its forecast on assuming the rate of economic growth in 2018 at the level of 4.3 percent. and increasing the net turnover profitabil...

Locked content ARP acquires Stocznia Gdańska

State-run Industrial Development Agency (ARP) bought back 8.105 percent stake in the Gdańsk shipyard (Stocznia Gdańska) and 50 percent stake in GSG Towers from Ukranian Gdańsk Shipyard Group controlled by Ukrainian businessman Serhiy Taruta. ARP had previously 18.95 percent. shares in Gdańsk Shipyar...

Locked content Colian announces mandatory squeeze out. Trading suspended

Majority shareholders of the WSE-listed confectionery producer Colian announced a mandatory buyout of the 8.24 percent shares in freefloat at PLN 4.1 apiece, the company said in a market filing. The purchase date has been set for July 25. AllumaInvest, Ziołopex, Barbara Kolańska, Jan Kolański, Colia...

Locked content GetBack postpones Q1 report indefinitely

Troubled WSE-listed debt collector GetBack has postponed the publication of its Q1 results without specifying the new date. Initially, the report was scheduled to be released on July 23. Furthermore, the district court in Wrocław, scheduled a meeting of the company’s creditors for August 28 in order...