Alior Bank and Bank Pekao call off merger

The management boards of Alior Bank and Bank Pekao have decided to end analyzes and negotiations regarding their possible merger. It was considered that, taking into account the current valuation of both companies, the analysis of profitability and feasibility, the more beneficial option from the sh...

KIR settled 155.95 million transactions worth PLN 454 bln in July 

In July, The National Clearing House (KIR) settled in the Elixir system 155.95 million transactions with a total value of PLN 454 billion. In the Express Elixir system, for the first time in the system’s history, the monthly number of settled transactions exceeded 1 million, and their value am...

PGE net profit in H1 2018 at PLN 1.281 bln 

PGE Group net profit attributable to equity holders of the parent company amounted to PLN 1.281 billion in the first half of 2018 compared to PLN 1.497 million profit a year earlier, the company informed in its semi-annual report. The result is in line with previous company estimates.

Balin junction on A4 motorway completed

On August 8 the refurbishment of the Balin junction on the A4 highway between Katowice and Kraków will be completed, said Stalexport Autostrada Małopolska (SAM), which manages the road.

Cormay issues up to 7 mln shares in private offer

The shareholders of PZ Cormay decided on Tuesday to issue up to 7 million series M shares through private subscription excluding pre-emptive rights, the company announced in a statement. The General Assembly also adopted a resolution regarding the issue of up to 3.86 million N series shares to be al...

Sener Polska mechanism to be part of Mars mission

Sener Polska has designed and manufactured one of the key mechanisms of the Mars rover. The “umbilical cord,” or mechanical-electrical connection between the rover and the lander, was created as part of the ExoMars mission, in which Poland participates as a member of the European Space Agency (ESA),...

Poland 9th in global honey production

Poland ranks 9th in terms of global honey production. The country is 8th among global honey importers and at the same time 13th place in the list of exporters of the product. This is according to BGŻ BNP Paribas analysis.