Locked content Hyundai Rotem beats Pesa in Warsaw tram tender

The city of Warsaw has settled the tender for the purchase of 213 new trams that will be manufactured by Hyundai Rotem. “We buy them primarily for the new routes to Wilanów, Gocław and Białołęka,” wrote the capital’s president Rafał Trzaskowski. The deadline for submission of offer...

Locked content DataWalk raises over PLN 10 mln through public offering 

Data analysis company DataWalk has raised more than PLN 10 million through the allocation of 457,548 series M shares in a public offering with an issue price of PLN 22, the company said in a press release. After the public issue of shares, the company intends to move to the main market of the WSE. T...

Locked content Grupa Azoty Police with contract to buy PLN 240 mln of phosphate

Grupa Azoty Zakłady Chemiczne Police has signed a three-way contract with the Swiss company Ameropa and Somiva from Senegal for the purchase of low-margin phosphate rock of Senegalese origin. The contract value is approx. PLN 240 million. The contract has been concluded for a definite period from Fe...

Locked content More than PLN 2 mln raised for Wisła Kraków football club

As of Tuesday evening, some 3,349 investors had raised more than PLN 2 million via the Beesfund crowdfunding site for Wisła Kraków football club, which is on the verge of bankruptcy. Ultimately, the club is aiming to raise PLN 4 million (the upper limit of funds that can be obtained via crowdfunding...

Bankruptcies increased by 4.1% y/y, restructurings up by 33% in 2018

There were 615 bankruptcies of companies published in the Court and Economic Monitor in the whole of 2018, compared to 591 a year earlier, according to the Central Economic Information Center (COIG). This means an increase of 4.1 percent y/y. In turn, the number of restructuring proceedings increase...

Locked content T-Mobile services disrupted after fire

Following an industrial fire that occurred on Thursday, access to some T-Mobile services is still limited. The company is working on restoring full sales services. The fire occurred in the T-Mobile Annopol offices in Warsaw. Representatives from the company informed that customer services have alrea...

Locked content Germania airline files for bankruptcy

Budget German airline Germania has filed bankruptcy proceedings in court in Berlin and canceled all flights with immediate effect, the company’s management said on Monday night. The Berlin-based airline has been struggling with serious financial problems and in recent weeks has taken steps to ...