Daily Archives: February 4, 2019

Locked content Biedroń launches new party

February 4, 2019 Poland AM
Former MP and President of Słupsk, Robert Biedroń launched his new, liberal party Wiosna (Spring) at the inaugural convention in Warsaw on Sunday. “The last years were cold and gloomy. Instead of conversations, we got constant conflict; instead of the good of the community, party interests. Let this...

Locked content Poland detects first case of mad cow disease since 2013

February 4, 2019 Poland AM
Poland has reported a case of atypical bovine spongiform encephalopathy, commonly known as mad cow disease. The affected cattle was found on a farm in Mirsk, near the border with Czechia, according to World Organisation for Animal Health (OIE). The infected animal was slaughtered. The last known cas...

Locked content Hitachi Capital Polska extends bid for PCM shares

February 4, 2019 Poland AM
Hitachi Capital Polska prolonged its tender for shares in WSE-listed car fleet manager PCM to February 22 from February 18. Hitachi plans to buy 11.9 mln shares representing 100 percent stake at PLN 12.09 apiece, the tender will go through if at least 66 percent of the stake will be purchased. This ...

Locked content ZMB Capital acquires Hoop Polska

February 4, 2019 Poland AM
ZMB Capital, owner of the mineral water brand Ustronianka, signed a deal to takeover 100 percent stake in soda producer Hoop Polska, from Czech-Slovak firm Kofola. ZMB has acquired the brand, trademarks, distribution networks and production facilities in Kutno. The deal is pending antitrust watchdog...

Locked content NBP expects banks to tighten loan criteria

February 4, 2019 Poland AM
Central bank NBP expects that Polish lenders will tighten their lending criteria for both corporate loans and mortgages in Q1. Such are the results of the quarterly poll among the lenders credit committee managers. The banks expect a significant drop in demand for housing loans and unchanged for cor...

Locked content Redan considers selling TXM

February 4, 2019 Poland AM
WSE-listed clothing retailer Redan has launched a review of strategic options supporting the further development of the capital group’s operations, the company said in a market filing. Among the considered options is the sale of its subsidiary, WSE-listed discount chain operator TXM. “An overv...

Locked content Labor ministry issued over 1.5 mln work declarations to foreigners

February 4, 2019 Poland AM
According to the labor ministry data, last year, there was 1.58 million declaration on entrusting work to a foreigner. The vast majority of them, 1.446 was issued to Ukrainian nationals. The declarations can be issued to citizens of Belarus, Moldova, Russia, Ukraine, Georgia, and Armenia who can tak...

Locked content Car registrations up in 2018 – KPMG, PZPM

February 4, 2019 Poland AM
As many as 451.6k new passenger cars were registered last year, 9.4 percent more than in 2017, according to a report prepared by consultancy KPMG and sector lobby PZPM. Overall, including all types of vehicles, 600,708 new automobiles were registered in Poland. Last year, the number of new passenger...

TFis boost corporate bonds portfolios in December

February 4, 2019 Economy
According to data released by central bank NBP, Polish investment funds (TFIs) increased its corporate bonds portfolios by 10.1 percent m/m in December to PLN 23.94 billion. However, in the whole year, funds exposure to this type of instrument by 12.3 percent y/y.

Exports up 2% y/y in December – KIG

February 4, 2019 Economy
Exports from Poland increased by 2 percent y/y and dropped by 20.3 percent m/m in December, chief economist of the National Commerce Chamber (KIG) Piotr Soroczyński stated in a report. The value of goods and services sold stood at an estimated €15.96 billion.