Locked content Poland asks EU to intervene in CO2 market

The Ministry of Energy asked the European Commission to intervene in the market for CO2 emission allowances as the prices have gone significantly up in recent months. According to Warsaw, this meets the conditions which oblige the European Commission to take “appropriate measures.” “A stable functio...

NBP increases gold reserves to record level

Central Bank NBP increased its reserves in gold to the highest level in at least 35 years, data from the International Monetary Fund showed. They grew from 4.4 metric tons in August to some 117 tons in September, which according to the fund is the highest growth since January 1983.

Locked content Getin Noble Bank sells PLN 100 mln shares to LC Corp

WSE-listed Getin Noble Bank sold 36.6 million new shares at PLN 2.73 apiece to WSE-listed real estate developer LC Corp controlled by the same lead shareholder Leszek Czarnecki under a private placement, the company said in a market filing. This was the second tranche of shares sold this way to LC C...

Locked content Electricity prices grow in Q3 – URE

Poland’s volume-weighted average electricity price on the competitive market grew to PLN 183.69/MWh in Q3 compared with PLN 174.23 in the previous quarter and from PLN 167.16 one year ago, energy market regulator URE said. The price was calculated on the basis of data submitted by power genera...

CPI inflation at 1.9% y/y in September – GUS

The Consumer Price Index came in at 1.9 percent y/y in September, and at 0.2 percent in month-on-month terms. In a flash estimate published by statistics office GUS, the inflation stood at 1.8 percent y/y and 0.2 m/m. Analysts polled by the Polish Press Agency PAP expected consumer prices to increas...

Locked content Poland to launch new cogeneration support system in 2019

The Energy Ministry assumes in the planned energy policy that investments in new coal blocks made after 2025 will be based on co-generation or other technology meeting the emission standards of 450 kg CO2 per MWh, Deputy Minister of Energy Tomasz Dąbrowski said. The planned energy policy envisages s...

Locked content TFIs with PLN 3.3 bln outflows in September

Polish investment funds (TFIs) recorded a PLN 3.3 billion net outflows in September, which is the worst result since April this year. “Last month’ poor result was affected mostly by one financial institution which bonds were in possession of numerous TFIs, that’s why it’s hard to analyze the whole m...

Locked content 1C Entertainment mulls IPO

Video game producer and developer, 1C Entertainment is mulling IPO on the Warsaw Stock Exchange, the company’s CEO Nikolay Baryshnikov told the ISBnews press agency. “We want to grow organically – we see great growth potential especially in the games production segment and in specialized servi...

Locked content MCI to buy majority stake in e-commerce firm

WSE-listed private equity fund MCI.EuroVentures has signed a contract to acquire a 51 percent stake in e-commerce firm IAI, the company said in a market filing. IAI offers comprehensive services for online stores and accommodation bookings portals. The value transaction is PLN 140 million. “The MCI ...