Locked content Government approves Central Airport plan

The government has approved the plan to build a Central Airport, said PM Beata Szydło. The hub will be located in Stanisławów in the Baranów municipality confirming the previous media reports. According to Szydło, next week, the project proxy, Mikołaj Wild will submit the detailed outline including ...

Locked content KNF: insurers with PLN 3.79 bln H1 profit

Net profit of insurers operating on the Polish market increased to PLN 3.79 billion in H1 compared to PLN 2.25 billion a year earlier. Gross written premiums amounted to PLN 31.57 billion compared to PLN 27.42 billion a year earlier, the Financial Supervision Authority (KNF) reported. Insurance cost...

Locked content Czarnecki sells his stake in LC Corp

The majority shareholder of WSE-listed real estate developer LC Corp, Leszek Czarnecki, together with units controlled by him sold a 51.7 percent stake in the company, the company said in a market filing. After the sale, Czarnecki has no stake in LC Corp. Last week, the consortium set the sale price...

Locked content LNG terminal to be expanded

State-run gas transit infrastructure operator Gaz-System announced that it will expand the LNG terminal in Świnoujście, and has already started design and preparatory works. Gaz-System plans to build a second quay, including an additional loading and unloading station for ships and a loading station...

Law on REITs to be delayed

Despite earlier plans, the legislation on real estate investment trusts (REITs) will not come into force on January 1, 2018, as works on the draft bill are still in the analysis phase. Moreover, the law will only cover residential projects, the Finance Ministry said.

HICP inflation at 1.4% in August– Eurostat

The harmonized index of consumer prices for Poland stood at 1.4 percent year-on-year in August, the same as in July, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices increased by 0.2 percent.

Locked content Kredyt Inkaso with PLN 300 mln bond issue

WSE-listed debt collector Kredyt Inkaso has launched a PLN 300 million bond issue program. According to the plan, the company will issue unsecured, ordinary, bearer bonds within the next 12 months. Kredyt Inkaso plans to use the funds raised from the bonds issue to finance the purchase of portfolios...

Locked content Vistal Group creditors terminate loans, credit lines

WSE-listed steel construction producer Vistal had his credit lines terminated by several lenders, including state-owned BGK. On the day of the termination, Vistal has PLN 8.4 million in outstanding debt. Moreover, BGK suspended the company’s credit line. BGK joins other banks, including ING Bank Ślą...

Locked content The Yachting Club mulls NewConnect IPO

Yachting charter company The Yachting Club, plans IPO on the small-cap, alternative, NewConnect market. For this purpose, the company signed an agreement with WSE-listed financial advisory INC which will prep the company for the potential floatation which is planned for Q3, 2018. “The Yachting Club&...