Locked content PGNiG not worried about LNG deliveries from Qatar

WSE-listed gas giant PGNiG is not concerned about its orders of LNG from Qatar, after the recent tensions between Doha and several nations in the region. “When it comes to supplies, there are no developments that would worry us,” company’s deputy CEO Maciej Woźniak said. The company buys LNG from Qa...

Locked content Poles optimistic about economy – report

According to research published by the Pew Research Center think tank, as many as 64 percent of Poles think that the current economic situation in their country is good, while 31 percent think otherwise. This is the fourth most optimistic result among advanced polled countries. The Netherlands ranke...

Winning concept design for Tétris office takes shape

It is going to have an edge. Dynamic geometry of the interior, sharp angles of illuminated ceiling panels, unusual bending of space. We can finally show the evolution of the concept that won the competition for young architects regarding the new Tétris office in the Warsaw Spire building.

Locked content OFE net assets value drops in May

The net assets of the Polish private pension fund (OFE) amounted to some PLN 172.6 billion in May, a 1.7 percent month-on-month decrease, according to a report issued by researcher Analizy Online. “May was the worst month of the year so far for the Warsaw Stock Exchange, despite most global indices ...

Locked content Famur shareholder to sell 15% stake

TDJ, the majority shareholder of WSE-listed mining machinery producer Famur, launched an accelerated book building process to sell up to 72.97 million shares (15 percent stake) of the company. The proceeds from the sale will be used to purchase the same amount of new shares issued in the process of ...

Locked content Vistula and Bytom agree on merger

Management boards of fashion retailers Vistula and Bytom came to agreement on the terms of the merger between two companies. Bytom will transfer its assets to Vistula in exchange for the latter shares. Now the companies will choose a joint advisor for the process, and work out the details of the tra...

Locked content TGE with Nasdaq powered trading system

Power exchange Towarowa Giełda Energii (TGE) has launched a new trading platform provided by Nasdaq. “The latest technology will allow us to face European regulatory challenges and offer the necessary flexibility in shaping our offering while providing the users with enhanced portfolio management op...

Locked content Budimex with PLN 390 mln railway line modernization deal

WSE-listed Budimex’ subsidiary Budimex Budownictwo, signed a PLN 390 million deal with state-owned railway operator PKP PLK to modernize parts of the railway line 7, which connects Warsaw with Dorohusk. The works will be conducted on the Otwock-Pilawa portion of the line and should be completed with...

Locked content Banks to have 3% risk buffer – FinMin

According to the draft legislation prepared by the finance and development ministry, Polish banks will have to have a 3 percent systemic risk buffer as of next year. “This is an additional sum of Tier 1 capital, in the amount of 3 percent of the total risk exposure,” the draft document said. “The in...