Locked content Cyfrowy Polsat top shareholder seeks dividend of PLN 0.93/shr

Zygmunt Solorz, a major shareholder of media and telecom group Cyfrowy Polsat, sent to the management board a letter regarding changes in the dividend policy.  He suggested that the group should pay a total of at least PLN 1.8 billion in dividends for the next three years or PLN 0.93 per share. Solo...

Locked content Hitachi Capital Polska lifts price for PCM bid

Hitachi Capital Polska increased the price offered in a tender of for Prime Car Management (PCM) to PLN 18.05 from PLN 12.09, offer intermediary Santander BM said. On Thursday the price for one PCM share was PLN 15.2 at closing. Hitachi is seeking to reach at least 66 percent in PCM. In December Hit...

Locked content EC downgrades GDP growth forecast for 2019

The European economy is expected to grow for the seventh year in a row in 2019, albeit more moderately, European Commission estimated. According to the Commission’s forecasts, economic activity moderated in the second half of last year as global trade growth slowed and uncertainty sapped confi...

Locked content PKN Orlen reverses PLN 987 mln impairment

Fuel giant PKN Orlen has decided to reverse PLN 987 mln impairment tied to investments in the company’s upstream assets in 2018 financial report, the company said. The reversal will boot Orlen’s standalone result but not impact consolidated EBITDA for 2018. The reversal resulted from a r...

Locked content Budget deficit at PLN 10.4 bln in 2018 – MF

Government budget deficit stood at PLN 10.4 billion. This is by nearly PLN 14.9 billion less versus 2017 and the lowest in the last 20 years, the Ministry of Finance informed. The incomes increased by 8.5 percent to PLN 380.1 billion, while expenses were PLN 390.5 billion. The result was driven by c...

Locked content Famur will deliver equipment to Kazakhstan

ArcelorMittal Temirtau chose an offer of Famur for delivery of mining equipment to Kazakhstan. Famur will provide a longwall system for Shakhtinskaya mine. The offer value is about PLN 93.6 million, the company said. The delivery is scheduled for Q3-Q4. Famur has been listed on the Warsaw Stock Exch...

Locked content Wrocław Airport passenger traffic up 11.8% in January

Wrocław Airport transported in January 226,000 passengers, recording an increase of 11.8 percent y/y. “Business traffic in Wrocław is growing, more and more passengers travel from our airport to further destinations,” Marketing and Sales Director Jarosław Sztucki said. He noted that Luft...

PiS considers doubling benefits for “500+”

The ruling Law and Justice party (PiS) considers increasing benefits for children known as “500+” to PLN 1,000 ahead of local elections in Autumn. The party argues that monthly support of PLN 500 may not be enough due to growing prices.

Locked content ECC Games to debut on NewConnect on February 12

ECC Games plans to debut on NewConnect market on February 12, the stock exchange informed. The company is valued at about PLN 14 million based on the share issue price. In July 2018 ECC Games raised PLN 1.1 million in private offer. ECC Games will be 388 company listed on NewConnect and the third de...

Locked content Crowdfunding market may reach PLN 700 mln in 2019

Crowdfunding market in Poland is expected to grow by 141 percent to PLN 700 million this year, zrzutka.pl co-founder Tomasz Chołast estimated. The growth results from, among others, adopting social funding platforms to smartphone screens and users needs. Mobile payments accounted for 76 percent of z...