Locked content Tusk to May: ‘We miss you already’

President of the European Council Donald Tusk, reacted to the British Prime Minister triggering of Article 50, saying that there is “no reason to pretend this is a happy day.” “We miss you already. Thank you and goodbye,” he said during a press conference in Brussels after he received the formal not...
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Mastercard: Poles buy online the most among Europeans

According to the report published by Mastercard, 9 percent of Poles shop online everyday, the most (along with Lithuania) among all of the European nations. However, most of the shopping is done domestically. The European average is 6 percent.

Locked content Selena FM acquires majority stake in Italian Uniflex

WSE-listed construction chemicals producer Selena FM has acquired 64 percent in Italian Uniflex for PLN 7 million, the company said in a market filing. “We want to strengthen our position in Western Europe, that’s why we’ve acquired majority stake in Uniflex,” company said. The transacti...

Locked content M-Trans sets NewConnect listing date

M-Trans, will begin trading its shares on the alternative, small-cap WSE market NewConnect on April 3, WSE informed. The company will issue over 13.5 million shares priced at PLN 0.10 apiece. M-Trans is a transport and logistic company.  …

Locked content Griffin Premium confirms IPO price at PLN 5.7

Griffin Premium Real Estate has set the final issue price in its IPO at PLN 5.7, confirming earlier media reports. The maximum price set in the book building process was set at PLN 6.5. The company also announced how many shares will be floated. “The offering comprises issuance of 22,201,267 new sha...

Locked content Poland to cap investment fund management and redemption fees

Financial market regulator KNF said that the fixed management by investment fund houses (TFI) should be capped at 2 percent. “The management fee on open-end mutual funds and sub-funds should be capped at 2 percent of net assets under management and adjusted to the investment policy, profit and risk ...

Locked content Consultations on capital pension system reform will launch in Q2

Poland will send draft legislation on revamping of its capital pension savings system to consultations in Q2, the Social Dialogue Council wrote in a statement. “The complete set of bills implementing the changes, concerning both capital pension plans and changes to private pension funds OFE system, ...

Locked content Poland shuts its consulates in Ukraine after grenade attack

Poland has temporarily closed its consulates in Ukraine after a grenade attack on its diplomatic post in Lutsk. They will remain closed “until the expectations of Poland regarding the protection of diplomatic and consular missions in Ukraine have been fulfilled,” Polish deputy Foreign Minister Jan D...

Locked content Poland to play a smaller role in Eurocorps forces

Poland will not leave the pan-European military body Eurocorps, but will not seek the full membership, which it previously planned to become this year. Instead, Warsaw will remain an “associate-nation” and will limit the number of its soldiers in the force from the current 120. “We’ve decided ...

Locked content PGE sells Exatel to the Treasury

WSE-listed, state-controlled power utility PGE signed the deal to sell its telecom unit Exatel to the state Treasury for PLN 368.5 million, the company said in a market filing. Earlier, this month, PGE said that it hopes to sell Exatel by the end of Q2 this year. In May, last year, PGE and state-own...