Locked content TFI’s profit up to PLN 683.5 mln in 2017

The Financial Supervision Authority (KNF) reported that the net profits of Investment Funds (TFI) totaled PLN 683.58 million in 2017, up by 37.1 percent y/y. The value of assets under management amounted to PLN 380.6 billion at the end-2017, whereas last year it stood at over PLN 354 billion. Revenu...

Locked content Tarczyński raises tender price again

The main shareholders of WSE-listed meat processor Tarczyński, Elżbieta and Jacek Tarczyński raised the price offered for the company’s shares yet again. This time to PLN 14 apiece from the previous PLN 12.6. The initial price was set at PLN 10.5. Tarczyńscy through its subsidiary EJT Investment wan...

NBP: loans and mortgages up in January

The value of consumer credits edged up by 0.7 percent or PLN 1.18 billion in January month-on-month and reached PLN 175.3 billion, Poland’s Central Bank (NBP) announced.

Locked content KNF: brokerages’ net profit up by 12.2% in 2017

Polish Financial Supervision Authority (KNF) reported that net profits of brokerage houses amounted to PLN 222.09 million in 2017, whereas it stood at PLN 197.88 million in the corresponding period last year. The gross profit of brokerages totaled PLN 271.33, up from PLN 249.29 million in 2016. Oper...

Locked content CEZ to sell its Bulgarian assets

WSE-listed energy utility CEZ will sell its Bulgarian assets to Intercom Bulgaria, the company said in a market filing. The deal includes seven companies: CEZ Bulgaria, CEZ Elektro Bulgaria, CEZ Razpredelenie, CEZ Trade Bulgaria, CEZ ICT Bulgaria, Free Energy Project Oreshetz, and Bara Group. Accord...

GUS: economic outlook on the rise in February

The synthetic economic outlook (SI) in February increased in m/m and y/y terms, the Central Statistical Office (GUS) reported. The indicator increased in the all sectors: services, retail, construction, manufacturing, and reached 114.1 points. The indicator has been above its long-term average since...

Locked content Poland to spend PLN 10 bln to fight air pollution

The Ministry of the Environment will spend over PLN 10 billion on measures to improve air quality by 2020, the ministry said. “Poland is consistently working to improve air quality, however, long-term negligence in this area means that these activities require time and cooperation at the level of go...

Locked content Anwil dismisses CEO

Chemical firm Anwil, a unit of WSE-listed fuel giant Orlen dismissed its CEO Jacek Podgórski. Two management board members, CFO Waldemar Gabruś and Sales Director Mirosław Kwiatkowski were also dismissed. The company named Dariusz Ciesielski as acting CEO. Anwil did not give the reason for the perso...