Locked content AmRest to takeover Pizza Hut’s business for Germany

WSE-listed restaurants operator AmRest signed a preliminary agreement to become Pizza Hut’s master franchisee for Germany and to acquire two Pizza Hut delivery stores in Düsseldorf, AmRest said in a market filing. “As a result of the planned transaction, AmRest would become the master-franchis...

Locked content Tusk and Duda tie in a presidential poll

According to a poll conducted by IPSOS, Donald Tusk would get 50.1 percent of the votes, while Andrzej Duda could enjoy 49.9 percent support, if both politician would square off in the second round of presidential elections. In other potential scenarios, Duda would beat his political woes. Matched a...

Locked content PKO BH with €500 mln bond issue

PKO Bank Hipoteczny, a mortgage unit of PKO BP, issued €500 million worth of covered bonds. “In the book-building process, over 70 investors issued declarations of purchase for the total of over EUR 800 million,” the company said in a market filing. The pricing was set 27 bps above EUR Mid-SWAP. Hal...

Locked content Poland concerned about unrest in Minsk

The Polish foreign ministry has issued a statement saying that it was concerned by “the way Belarusian authorities impeded the organisation of peaceful protests” in Minsk on Saturday. “Preventive detentions and arrests, along with the intimidation of journalists and independent organizations activis...

Locked content Bank Pocztowy to launch EnveloBank in H2

Bank Pocztowy CEO Sławomir Zawadzki said that the lender will launch EnveloBank offshoot in mid-2017. The product will be a “digital platform connecting the Poczta Polska mail and courier services with the banking and insurance products in a mobile transaction model.” With the launch bank will offer...

Locked content Duda: We want a Union of free and equal nation states

Poland remains fully committed to the European Union despite the recent number of spats, Polish President Andrzej Duda said in an interview with Reuters. “Today any party which came out and openly said ‘We are a group … that is striving to quit the EU, we don’t want Poland in the E...

Locked content WSE suspends Bumech trading for one month

The Warsaw Stock Exchange, acting on the motion from the Poland’s Financial Market Supervisor (KNF) suspended the trading of Bumech for a period of one month, until April 24. KNF asked for the suspension due to irregularities in recent stock acquisition transactions. If all concerns are allevi...

Locked content Poland beats Montenegro. Extends group lead

Polish national football team, defeated Montenegro 2:1 in the World Cup qualifier. Thanks to the result, Polish team extended its lead in the Group E to six points, midway through the campaign. Robert Lewandowski opened the score with a beautiful free kick and, although Stefan Mugosa equalized just ...

Locked content Poland signs the Rome declaration

After some news reports, that Poland might not sign the Rome declaration, Polish PM Beata Szydło joined the other 26 EU leaders in endorsing the document at the EU summit. “The time has come to prepare good projects which will be another step for us to see a developing, single and happy Europe,” Szy...

Locked content Polish banks face more consolidation in 2017 – KNF

Polish banking sector will likely continue the consolidation process in 2017. “The process of consolidation and takeovers in 2017 will probably advance and it will probably follow from conditions at their parent banks, albeit not so much tough financial conditions as changes in strategy,” the deputy...