Private equity funds exit Polish companies with good results

The value of the exits on the Polish market increased five times to a record value of €285 million, according to the Polish Private Equity and Venture Capital Association. In 2013, private equity and venture capital funds operating in Central and Eastern Europe ended investments in 88 companies, in ...

Locked content Who will procure the FM Bank?

As many as 14 subjects have registered to buy lender FM Bank from Abris Capital, Puls Biznesu reported. The information has yet to be confirmed. Most of the potential buyers are private equity funds including Enterprise Investments (owner of TFI Treasury and brokerage XTB), MCI fund (looking to expa...

Locked content Złoty in a stable postion

The Russia-Ukraine conflict have already started to influence fluctuations of the European currencies.  The złoty, however, is not predicted to lose its current value any more, conversely to the currencies of the countries from Central Europe like forint or Czech koruna. Michał Stajniak, DM X-Trade ...

More than 3 milion Poles use mobile banking

Most of the banks that offer mobile banking services have noted huge raises in the number of users making payments on their phones, Dziennik Gazeta Prawna reports. The total number of users for the top ten Polish lenders has exceeded 3 million.

Solaris extends Bolechów factory

Solaris Bus & Coach, a Polish bus producer, is  starting to develop its production facility in Bolechów near Poznań. The investment worth more thean PLN 45 million expected to result in a boost of production volume.  Eiffage Polska Budownictwo is responsible for the construction.

Locked content Polomarket splits into two companies

Two companies that operated the Polomarket shop chain has decided not to continue their cooperation.  Polomarket and market-Detal want to “independently pursue business goals,” Puls Biznesu reports. One company, Polomarket, will continue previous activity and operate 64 percent of the cu...

Locked content PKN Orlen wants to produce more propylene

PKN Orlen, the largest Polish petrochemical company, signed a deal for a license and a project of the Metatezy installation. It is the first stage of the planned investment, it will increase the volume of propylene production in Płock to the level of 550,000 metric tons annually. The launch of produ...

Locked content Rubicon Partners ends investment activity

Rubicon Partners, a Polish consulting and investing company, decided to withdraw from its investing activities, Puls Biznesu reports. “Till the end of the year we want to sell our shares and instruments, the value of which is estimated at about PLN 35 million. There are numerous reasons for th...

Locked content Kremlin threatens new sanctions

Moscow is capable of implementing additional protective measures if the West continues its current sanction policy, Kremlin spokesman Dmitry Peskov said on Tuesday. “Different variants are being developed. We have said several times that Russia is not a fan of speaking in terms of sanctions an...

Locked content Minister of Economy: Bigger threats from the West

Janusz Piechociński, the Polish minister of economy, opines that in his predictions, this year’s GDP is going to increase by 3 percent. As he suggests, a bigger threat to the growth comes from the economic downturn on the West then from the Eastern crisis. “The GDP slack in Q2 from 3.4 p...