Locked content Bogdanka to double its coal resources with new field in Ostrów

Coal miner Bogdanka, a subsidiary of state-owned utility Enea, has filed a motion for a new mining license at Ostrów field, which if approved would increase company’s resources by some 186 million metric tons. With this move, and expanding its Bogdanka field, the company will nearly double its resou...

Locked content Alior Bank won’t update its strategy – acting CEO

WSE-listed lender Alior Bank sees no reason to update its recently announced strategy and expects to pay a dividend no sooner than in 2020, acting CEO Michał Chyczewski said. ”We will implement all strategic goals and parameters, by end-September we want to have an operational plan for meeting parti...

Pension revaluation to reach PLN 5.4 bln in 2018 – FinMin

According to the Ministry of Development and Finance, the cost of pension revaluation will reach PLN 5.4 billion in 2018, instead of previously planned PLN 4.8 billion. “Current macroeconomic forecasts indicate that pension inflation for 2017 will amount to 102.1 percent, instead of the previously e...

Locked content KUKE with new CEO

Shareholders of the Export Credit Insurance Corporation (KUKE) have appointed Piotr Antkiewicz as its new CEO. “Piotr Antkiewicz is a highly qualified manager with 20 years of insurance, banking, and management experience gained in international organizations,” KUKE said. Antkiewicz replaces Marek C...

Locked content Bieńkowska: Poland will receive less EU funds in 2021

EU commissioner for the internal market, industry and entrepreneurship Elżbieta Bieńkowska said that Poland will likely receive significantly less in EU funds in the next financial perspective which will begin in 2021. The exact figures will be known next year, she added. “Poland receiving €10...

Locked content Poland abstains in Ukrainian trade preferences vote

Agriculture ministers from EU Member States have voted to adopt the trade preferences for Ukraine, aimed at strengthening the country’s economy. Polish and Latvian representatives abstained from voting. Poland’s deputy agriculture minister Ryszard Zarudzki explained that Poland has reser...

Locked content Poland with €325 mln financing from EIB for epressways

The European Investment Bank (EIB) will loan €325 million for financing the construction of the parts of the S7 and S8 expressways. The loan will be taken by the state-owned lender BGK and will finance some 110 kilometers of the roads in the Mazowieckie voivodship. “EIB funding will help reduce cong...

Locked content Alma wants to sell part of the company to Leclerc

Alma Market filed a motion to approve the sale part of the company to Immomok, a subsidiary of Leclerc for PLN 94 million, the company said in a market filing. “The sale of an organized part of a business will allow you to obtain the most favorable price in bankruptcy and, moreover, it will secure&#...

Locked content GetBack mulls entering Spanish market

WSE-listed debt collector GetBack is mulling acquiring a receivables portfolio in Spain this year, as it plans to diversify its operations, CEO Konrad Kąkolweski said. “We understand the Spanish legal system well. We think there are a lot of interesting portfolios as well as a lot of companies that ...