Locked content Macron and V4 leaders to “smooth things out”

French President Emmanuel Macron met with the Visegrad four leaders in Brussels last week during the EU summit. “”At the Visegrad meeting this morning we established which issues we disagree on and where we will continue to talk to better understand each other’s constraints. There are is...

Locked content Torpol signs PLN 356 mln deal with PKP PLK

WSE-listed railway infrastructure builder Torpol signed a gross PLN 356.1 million (net PLN 289.5 million) deal for works on the 219 railway line with railway infrastructure firm PKP PLK. The works concern the part between Szczytno-Ełk. The 219 line connects Olsztyn with Ełk. Criteria in the tender w...

Locked content Asseco sells 4.28% stake in Asseco SEE to group of managers

WSE-listed IT group Asseco Poland sold 2.22 mln shares in its subsidiary Asseco SEE (4.28 percent stake) for PLN 24.2 million to a group of 22 Asseco SEE managers, Asseco said in a market filing. “The sale price will be secured by the establishment of a pledge on the shares of each buyer. There were...

Locked content KNF deputy Filip Świtała dismissed

PM Beata Szydło dismissed Financial Supervision Authority (KNF) Deputy President Filip Świtała. The supervision over the banking department will now be held by the KNF head Marek Chrzanowski, KNF said in a statement. Świtała was appointed KNF deputy president back in March, when he replaced Wojciech...

Locked content Prices continue to drop at the gas stations – BM Reflex

Average fuel prices decreased by PLN 0.07, while diesel prices fell by PLN 0.09 last week, according to BM Reflex, a fuel branch consultancy company, LPG prices went down by PLN 0.04. Currently, gasoline sells at PLN 4.37/liter, diesel at PLN 4.15/liter and LPG at PLN 1.89. “Next week, gasoline shou...

Locked content Jujubee mulls switching to WSE main market

Video game developer Jujubee, listed on the small-cap alternative WSE market is considering a move to the bourse main market. “We are seriously thinking about moving to the WSE’s main market, we want to give recommendations to the board on this issue,” Jujubee CEO Michał Stępień said, adding t...

Locked content Poland not impressed with May Brexit proposal

Polish government called the British Brexit offer to secure the rights of EU citizens residing in the UK “incomplete.” British PM Theresa May said EU citizens who had lived in Britain for five years or longer would be entitled to healthcare, education, welfare and pensions just like a UK national, b...

Locked content Gas deliveries through Yamal pipeline resumed

The reverse-flow deliveries of Russian gas to Poland resumed on Friday, after a two-day suspension due to concerns over the gas quality. “From this afternoon on, the quality of natural gas that enters the gas transportation system of Poland corresponds to that foreseen in the contract,” Gazprom said...

Locked content Nordic Development with IPO plans

Real estate developer Nordic Development plans IPO on the small-cap, alternative NewConnect market this year, the company said in a market filing. The company doesn’t plan any new share issues coinciding with the IPO, according to company’s CEO Piotr Rybojad. “We want to be listed to inc...

Locked content NIK criticizes the Polish Space Agency

Poland’s Supreme Audit Office (NIK) has negatively assessed the Polish Space Agency. “Expenses exceeded the allotted plan, airplane tickets were purchased without proper procedures, and the work of external experts ordered by the Agency was not properly assessed and verified,” NIK head Krzyszt...