Locked content BGK grants PLN 37.26 bln ‘de minimis’ guarantees

Poland’s state-owned lender BGK has granted PLN 37.26 billion in guarantees for loans worth some PLN 6.61 trillion issued to SMEs as of end-March under the state program of ‘de minimis’ credit guarantees, the bank said. As many as 123,058 SMEs took loans under the program. Firms ca...

GUS: Trade turnover at PLN 151 mln at end-February

In the first two months of 2017, Polish exports amounted to PLN 132.18 billion, while imports amounted to PLN 132.03 billion. Trade turnover reached PLN 151.6 million. In comparison to the corresponding period of the 2016, exports increased by 4.8 percent and imports by 8.6 percent, data from Poland...

General government debt reached PLN 44.73 bln in 2016

The general government debt, i.e. the deficit of central and local governments, stood at PLN 44.73 billion at the end of 2016, an decrease from PLN 46.19 billion in 2015, according to data compiled by Poland’s Central Statistical Office (GUS).

Locked content Dino reduction rate in retail tranche reaches 75%

WSE-bound retail grocer Dino has allotted all 48.04 million shares in the IPO, with reduction rate in the retail tranche reaching 75 percent, the company said in a market filing. Dino sold 45.46 million shares at PLN 34.5 apiece to institutional investors and 2.4 million shares at PLN 33.5 to retail...

Locked content CCC plans to reach PLN 800 mln by 2019

WSE-listed footwear retailer CCC will seek EBITDA of at least PLN 550 million in 2017, PLN 650 million in 2018 and PLN 800 million in 2019, according its managerial incentives program approved by the supervisory board, the company said in a market filing. “The program assumes the minimal thresholds ...

Locked content Poles waste 9 mln tons food each year – Greenpeace

According to the environmental group Greenpeace, Poles waste some 9 million metric tons of food each year, putting the country in the fifth place among all EU nations. The organization has asked politicians to pass new laws which would limit food waste and increase food donations. According to the E...

Locked content WSE expects 2-3 REIT-type debuts in 2017. Reino vehicle among them

The Warsaw Stock Exchange (WSE) hopes to attract two-three REIT-type investment vehicles this year, after the IPO of Griffin Premium RE. “It’s hard to say what the capitalization will be,” WSE acting CEO Jarosław Grzywiński said. Polish parliament is currently working on a new bill which would...

Locked content Poles prefer to save their money rather than to invest – ING

As many as 77 percent of Poles have savings account, while 42 percent have deposits. Only 14 percent invested their finds into stocks, while 15 percent put their savings into investment funds, ING study showed. Throughout EU, on average, 69 percent have savings account and 31 percent have deposits. ...

Locked content M Food mulls move to the WSE main market

M Food, which trades honey and beekeeping products wants to move its trading to the WSE main trading index this year, company said in a market filing. Since 2011, the company shares have been trading on the small cap, alternative NewConnect market. The company also plans to issue new shares to finan...