Locked content BNP Paribas receives loan for SME sustainable energy projects

French-owned bank BNP Paribas Bank Polska has been awarded a loan by the European Bank for Reconstruction and Development in the amount of € 50 million (PLN 208 million at current NBP exchange rate). The funds transferred to BNP Paribas are earmarked for small and medium-sized investment projects in...

Locked content Altus sets share price at PLN 9.50

Altus TFI set the price of shares for an upcoming IPO at PLN 9.50 per share. A total pool of 16.38 million new shares is to be sold, and an additional tranche of 2 million existing shares. At the announced issue price, the total value of the IPO should reach PLN 174.6 million. In the…

Locked content NBP: Poles are saving less

Poles are saving less and less, as reported by the Polish National Bank (NBP) in a report measuring the financial situation of Polish families. In an IAR release, in the last quarter of 2013, the savings of Poles increased to PLN 31 billion. This is an increase quarter-on-quarter of PLN 5.5 billion,...

Locked content Sikorski’s reputation may improve in Europe

According to Sueddeutsche Zeitung, Radosław Sikorski still has a chance to become Europe’s foreign policy chief. The newspaper writes that Sikorski’s recently released controversial critique of US-Polish relations does not disqualify him from candidacy for the role of High Representative of the Unio...

Locked content Wprost sales skyrocket

Sales of Wprost magazine are skyrocketing and making up for a loss in advertising revenue. The weekly is directly responsible for leaking controversial tapes of government officials conversations that have shook public opinion in the past week and a half. The news outlet is under investigation and i...

Locked content Lotos Petrobaltic to increase light crude extraction

In the first quarter of 2014, Lotos Petrobaltic S.A. extracted 1.1 million barrels of oil. In the near future, the company will undertake drilling operations in deeper waters, at a depth of 120 meters, using a recently purchased new platform, said a press release from Lotos Group. This is Lotos’ fou...

Locked content KGHM needs to borrow PLN 2.5 bln

Polish stat-controlled copper giant KGHM is looking to borrow PLN 2.5 billion to ensure company’s further growth, said company’s vice-president Marcin Chmielewski. He added that the company hopes to secure necessary credit “within the next month.” According to Chmielewski the loan will be for a maxi...

Home appliance manufacturer up for grabs

FagorMastercook is looking to sell its Wrocław plant for a price of PLN 315 million. The Spanish cooperative, Fagor, has been producing appliances in the factory, formerly known as Wrozamet, for over 12 years. The Polish affiliate, FagorMastercook S.A., filed for bankruptcy in a Spanish court last y...