Locked content PGE electricity production increases by 18% y/y Q1 2018

Electricity production in the Polish Energy Group (PGE) amounted to 17.66 TWh in the first quarter of 2018 (an increase of 18 percent y/y), the company announced. In the first quarter of 2018, the energy production in the group amounted to 17.66 TWh, of which 9.82 TWh, 7 percent less than in the pre...

Locked content PKP Intercity offers free travel on Children’s day

On Children’s Day this year the youngest passengers will be able to travel for free on PKP Intercity trains, the railway carrier has announced. In addition to free travel for children and youths, PKP Intercity is to offer cheaper tickets for their parents and guardians. The “ChildrenR...

Locked content PLN 2.16 billion dividend for PZU shareholders

PZU Management has recommended the payment of dividend from profits for 2017 amounting to PLN 2.16 billion, or PLN 2.50 per share, the company said in a statement. The Management Board proposed that the dividend day be set for September 12, 2018, and payment of dividends on October 3, 2018. In March...

PKN Orlen to issue series D bonds

PKN Orlen Management Board has decided to launch a series D issue of bearer bonds as part of the public bond issue program to individual investors. The final terms of the series D bonds were transferred to the Polish Financial Supervision Authority (KNF) and will be published on May 16.

Locked content Polish Mint to pay PLN 1 dividend per share

Shareholders of the Mint of Poland have adopted a resolution regarding a dividend payment of PLN 1 per share, the company has announced. The date of setting the right to dividends is May 22, 2018. The dividend payment date was set for May 29, 2018. The number of shares covered by the dividend is 51,...

Alior Bank appoints new president

The Polish Financial Supervision Authority has unanimously agreed to appoint Katarzyna Sułkowska to the position of President of Alior Bank, the Commission announced on Tuesday.

Locked content MF working on new corporation tax

The Ministry of Finance is working on a new concept for company taxation. It is possible that the changes will come into force in 2020, deputy finance minister Paweł Gruza announced on Tuesday during the European Economic Congress in Katowice. “The works will come out of the conceptual phase s...