Locked content Bank Pekao will issue bonds worth PLN 750 mln

After completing the bookbuilding process, WSE-listed Bank Pekao decided to issue subordinated bonds of B and C series with a total nominal value of PLN 750 million – the bank said on Thursday. The issue date was set for October 15, 2018.   The total nominal value of the issued series B b...

Locked content Chopin Airport served 5.7 mln passengers in July-Sept.

Warsaw Chopin Airport transported around 5.7 million passengers in July-September, which is 0.6 million fewer travelers compared to the same period last year, the airport reported. From the beginning of 2018 until the end of September Chopin Airpor served 13.7 million passengers, of which 12.4 milli...

Locked content Alumetal appoints Marek Kacprowicz new CEO

Aluminum manufacturer’s Alumetal supervisory board appointed Marek Kacprowicz the new CEO for a joint three-year term, the company said on Wednesday. Szymon Adamczyk, who resigned from the CEO position with effect as of September 30, 2018, was appointed to its supervisory board. Capital group ...

Locked content Seniors reach debts of PLN 7.3 billion

The total amount of loans and current bills which seniors did not pay on time has reached PLN 7.3 billion. The main reason for borrowing money is spending it on medications and medical treatment, according to the data of BIG InfoMonitor and Credit Information Bureau (BIK). In the first half of 2018,...

Elon Musk agrees to resign as Tesla’s Chairman

Tesla’s CEO Elon Musk agreed to step down as the automaker’s Chairman in a settlement with the US Securities and Exchange Commission (SEC). Musk needs to pay a $20 million fine. However, he is still allowed to remain in the position of Tesla’s CEO. Musk doesn’t have to admit or den...

Locked content EU will co-finance four Polish food promotion programs

The European Commission (EC) has accepted four Polish programs promoting food, the Agriculture Department said on Thursday. Their total budget amounts to €11.2 million. EU will co-finance over €8.5 million. Meat, fruit, and vegetables will be promoted. The EC accepted 58 programs with a budget of ov...

Locked content Braster sold 100 Braster devices for Benefit Systems

Braster sold 100 Braster devices and 100 test packages containing 12 tests, in cooperation with Benefit Systems, Braster said. The sale of the above equipment is part of the development strategy adopted by the company for 2018-2021, according to the statement. Braster is the only company in the worl...

Locked content Lux Med expands in Warmińsko-Mazurskie voivodship

Private healthcare company Lux Med Group acquired a 100 percent stake in Poluk Sp. z o.o. The medical clinic ProfMed in Olsztyn belongs to Poluk, Lux Med informed. For the group, this is another acquisition over the last months. In February this year, the company took over a modern MRI laboratory lo...

Locked content AB Group plans to refinance securities worth PLN 100 mln

One of the largest IT distributors in Europe, AB Group plans to issue a new series of unsecured bonds, within the current bond issue program (PLN 270 million) to refinance the redemption of AB01120819 series bonds with a nominal value of PLN 100 million, the company said. The AB01120819 series bonds...

Fitch sees GDP growth in Poland at 4.8% in 2018

Fitch Ratings predicts the economic growth in Poland will reach 4.8 percent in 2018, and then it will slow down to 3.6 percent in 2019 and even further to 2.9 percent in 2020. The agency also predicts that investment growth will amount to 5.6 percent this year, 2.8 percent in 2019 and 0.6 percent in...