Locked content Budimex lands two contracts worth over PLN 285 mln

Listed builder Budimex submitted a winning bid for road construction (second and third stages) in the city of Białystok, the company informed in a market filing. The total value of both agreements stands at PLN 285.9 million. The builder has to finish the works within 21 months from the signing of c...

Locked content Celon Pharma earns PLN 245 mln on share issue

Polish pharmaceutical company Celon Pharma alloted 13 million B series shares offered in the IPO to institutional investors and 2 million to retail investors, raising the targeted gross PLN 245 million, the company informed in a statement. Total demand exceeded PLN 1.5 billion. The offering accounts...

Locked content CBOS: 61% of Poles support Sunday trade ban

The majority of Poles support a trade ban on Sunday, according to a new survey by pollster CBOS. As much as 61 percent of respondents claim that shops have to be closed on Sunday, whereas 32 percent still want to do shopping. Mainly, the supporters are women (65 percent) and employees in the service...

Locked content Farmacol to sell its 45% stake for PLN 507 mln

Pharmaceutical company Farmacol has announced a tender offer on 10.68 million shares (45.62 percent stake) in the company at PLN 47.50 per share, the firm announced in a market filing. Subscription in the tender offer will last from October 14 to November 23. Settlement is scheduled for November 28,...

Locked content Poland ranked 25th in Expat Ranking 2016 by HSBC

According to a report by global financial services company HSBC, Poland is 25th best country in the world to live and work in as an expat (in terms of employment, wages, quality of life, safety and quality of childcare). “Poland’s popularity as a business destination is growing as more people ...

Locked content Automotive exports to exceed €23.5 bln in 2016

Poland’s automotive exports will likely exceed €23-23.5 billion in 2016, in comparison with €20.5 billion in 2015, according to a forecast by automotivesuppliers.pl. “In relation to expected further growth, particularly of components, in the following months, automotivesuppliers.pl assum...

Locked content Over 15 mln passengers handled in Polish airports

During the first half of 2016, Polish airports handled over 15.2 million people, which is 10 percent more than last year. Warsaw’s Chopin Airport was picked by the most passengers – more than 8.35 million people were handled there since the beginning of the year, of which 7.5 million in intern...

Locked content Poland to finance JSW with PLN 500 mln in 2017

Poland’s Energy Ministry will finance a coal miner Jastrzębska Spółka Węglowa (JSW) with 500 million sum in 2017, deputy Energy Minister Grzegorz Tobiszowski informed. “Funds could come in stages and draw both on previously discussed plans for new debt and equity. The money would go to i...