Locked content WSE signs cooperation deal with Chinese peer

The Warsaw Stock Exchange (WSE) and the Shenzhen Stock Exchange (SZSE) signed a memorandum of cooperation aimed at exchanging information and experiences, which is aimed at increasing the investment opportunities of companies through stock exchanges in both countries, the companies said. “We see the...

Locked content Bank Millennium to takeover SKOK Piast

The Financial Supervision Authority KNF has approved WSE-listed Bank Millennium application to takeover troubled credit union SKOK Piast. Millenium will takeover the management of the union on October 17, while on November 1 it will fully takeover SKOK Piast. The Bank Guarantee Fund will provide fin...

Locked content AmRest raises €70 mln through private placement

WSE-listed restaurant operator AmRest will issue over 7.4 million new shares at €9.44 apiece through private placement, the company said in a market filing. The nominal value of the shares will be €0.1 while the remainder of the amount will be the issue premium. The issue represents 3.5 percent of t...

Locked content Investment funds AuM down in September

Poland’s investment funds assets under management (AuM) dropped by 2.1 percent in September to PLN 275.3 billion, a report by asset management lobby IZFiA showed. The only type of funds that recorded inflows last month were securitization ones which expanded by 1 percent to PLN 4.6 billion and...

Locked content Duda appoints new Supreme Court judges ignoring court decision

President Andrzej Duda appointed on Wednesday 27 new judges to the Supreme Court despite the court’s ruling to suspend the procedure until the European Court of Justice verdict in that matter. “This is another stage of the judiciary reform that has been carried out, a very important one. It is, rest...

Locked content Poland 30th in the World Bank’s Human Capital ranking

Poland ranked 30th out of 157 countries ranked in the first-ever World Bank’s Human Capital Index. On a scale of 0 to 1, Poland had 0.75 points. Singapore had the best score (0.88) followed by South Korea and Japan (both had 0.84 points). Last on the list were Mali, Liberia, and Nigeria. The ranking...

MF sells PLN 984 mln retail bonds in September

The Ministry of Finance sold retail bonds worth PLN 984 million in September compared to PLN 1.04 billion in August. So far this year nearly PLN 9 billion worth of retail bonds have been sold  According to FinMin the three-month saving bonds were the most popular last month and accounted for roughly...

Locked content Standard Chartered opens its Warsaw office

Global multinational banking and financial services company Standard Chartered has opened its first global center in Poland, which is also the only such facility that the firm operates outside Asia. Polish office will manage “complex, large-scale, cross-border activities including technology and fin...

Locked content Benefit System increase stake in gym chain

WSE-listed employee benefits program operator Benefit System acquired 22.5 percent shares in gym network Fit Fabric for PLN 9.5 million increasing its stake to 52.5 percent,  the company said in a market filing. According to the deal, Benefit will acquire the remaining shares no later than end-July ...