Locked content J.W. Construction issues PLN 100 mln in bonds

Developer J.W. Construction will issue PLN 100 million in bonds, through private subscription offer, the company stated. The proceeds will be used to purchase new investment land for planned residential projects. The bonds, maturing on November 16, 2020, will have a variable coupon equal to WIBOR 6M...

Locked content Czarnecki could be looking to offload Idea Bank shares – sources

Leszek Czarnecki, one of the richest Poles, may be looking to sell his Idea Bank shares, reported daily Rzeczpospolita citing two sources. Czarnecki holds 9.85 percent of Idea Bank directly as well as 55 percent of Getin Holding, Idea Bank’s major shareholder with a 54.43 percent stake. The sources ...

Locked content Enea wants to automate its grid

Grid operator Enea Operator wants to introduce automated security measures to its grid. Investments in intelligent solutions in electrical networks gain a new meaning when confronted with such weather phenomena as windstorms, Enea’s spokesperson Danuta Tabaka told PAP. “Thanks to automation, it will...

Locked content Strabag consortium signs PLN 722 mln deal

Strabag and Strabag Infrastruktura Południe have signed a contract with the General Directorate for National Roads and Motorways (GDDKiA) to construct three sections of the Via Carpathia motorway S19 for a total of PLN 722 million, the Ministry of Infrastructure and Construction stated. Altogether t...

Locked content Budimex with a PLN 117 mln deal in Gdańsk

Budimex has won the tender for a road construction contract worth PLN 116.79 million (net) organized by the city of Gdańsk, the company informed. The work should be completed by July 31, 2019. Budimex has been listed on the WSE since 1995. Its strategic investor is Spanish Ferrovial. In 2016, Budime...

Locked content PKO’s ZenCard eneters Finnish market with its fintech service

ZenCard, part of PKO BP, will launch its transactional marketing service on the Finnish market, in cooperation with Finland’s largest financial institution, OP Financial Group, an association of 180 banks, PKO stated. ZenCard emerged as one of four winners in the OP Smart Commerce competition organi...

GDP growth at 4.3% y/y in Q3 – IPAG

GDP growth stood at 4.3 percent y/y in Q3, and will reach 4.1 percent y/y for the entire year 2017, according to the estimations presented by the Institute for Economic Forecasts and Analysis (IPAG). In 2018 GDP will grow at an estimated level of 3.9 percent y/y, the institute stated.

Locked content Orlen introduces its own brand of products

Oil giant PKN Orlen will introduce own-brand products at its gas stations, the company stated. The first product introduced is bottled water “O!” The idea for an own-brand follows the introduction of Orlen’s own convenience stores at its gas stations, called O!Shop. The own-brand line will offer jui...