Locked content Santander rebranding to cost PLN 60-70 mln

According to the CEO of WSE-listed Santander Bank Polska, Michał Gajewski, its rebranding (from BZ WBK) will cost the lender PLN 60-70 million over the course of two years. The bank has completed its rebranding over last weekend and moved its registered HQ to Warsaw. ”Santander made the decision to ...

Locked content Poland wants to have 10 GW of energy from offshore wind farms by 2030

Poland would like to generate 10 GW of energy from its offshore wind farms, by 2030, said the government plenipotentiary for strategic energy infrastructure Piotr Naimski. “In our strategic plans, there is a room for offshore. It means that, to 2025-2030, there will be up to 10 GW wind farms close t...

Locked content Media: JSW CEO to be dismissed

According to daily Rzeczpospolita, the CEO of WSE-listed, state-run miner JSW, Daniel Ozon, will be dismissed this week. He will allegedly lose his job as a result of an internal audit conducted by the Ministry of Energy which showed discrepancies in cost accounting. The other reason would be the co...

Locked content PGNiG to increase Norwegian production to 10 bcm

WSE-listed, state-run gas giant PGNiG hopes to increase its production from Norwegian deposits to 10 billion cubic meters (bcm) per year, according to its CEO Piotr Woźniak. “We will eventually target to have production from deposits in Norway at the level of 10 bcm, which is the equivalent of the B...

Locked content Grupa Azoty to revise investment program

WSE-listed, state-run chemical giant Grupa Azoty might revise its investment program after the acquisition of a German specialty fertilizer producer Compo Expert. Still, key investment projects remain unthreatened. “We will review our investment projects. They may be changed if they overlap with the...

Orco H1 profit drops

WSE-listed real estate developer Orco Property Group had a €18.48 million net profit in the first half of 2018, down from €62.61 million profit a year earlier, the company said in a market filing.

Locked content Kruk buys €302 mln Italian debt portfolio

ItaCapital, a subsidiary of WSE-listed debt collector Kruk, won a tender for the purchase of a portfolio of unsecured retail receivables with a nominal value of approx. €302 million on the Italian market, the company said in a market filing. “The Issuer, with a separate report, will inform immediate...

Locked content Bytom sales up 22% in August

WSE-listed fashion retailer Bytom had PLN 15.5 million in sales revenues in June, registering a 22.4 percent y/y increase. Year-to-date Bytom sales grew by 13.7 percent y/y to PLN 127.1 million, while like-for-like sales grew by 9.9 percent to PLN 117.67 million….

Locked content Energa approves Ostrołęka plant expansion

Shareholders, of the WSE-listed, state-controlled power utility Energa granted “a directional consent” to launch the construction stage of the new coal-fired block at Ostrołęka plant, the company said in a market filing. Another stakeholder in the project, WSE-listed, state-run utility Enea will mak...