Locked content Asseco with PLN 6.18 billion for 2017

WSE-listed IT giant Asseco Poland has a PLN 6.18 billion, the company said in a market filing. This is a 10 percent y/y growth. The backlog for proprietary software amounted for PLN 5.35 billion (9 percent y/y growth) of that figure….

Fortum power sells Polish gas infrastructure assets

Nordic energy group Fortum agreed to sell its gas infrastructure unit Duon Dystrybucja to the infrastructure arm of M&G Investments, Infracapital for an undisclosed price. Fortum cited company’s plan to shed non-core assets as the reason for the deal. Fortum will keep the electricity sales...

Locked content Petrolinvest removed from the WSE

Warsaw Stock Exchange announced that the shares of Petrolinvest have been permanently removed from the bourse indices, following the Financial Supervision Authority (KNF) decision to delist it. The company was additionally fined PLN 800,000. The decision is final, although the company can appeal to ...

Locked content Fuel prices to continue to fall – BM Reflex

Average fuel prices decreased by PLN 0.03, while diesel prices fell by PLN 0.04 last week, according to BM Reflex, a fuel branch consultancy company, LPG prices declined by PLN 0.04. Currently, gasoline sells at PLN 4.51/liter, diesel at PLN 4.32/liter and LPG at PLN 2.02. “This week should see cont...

BIEC: Economic sentiment grows by 2 pts

The leading indicator of economic sentiment (WWK) in Poland estimated by the Bureau for Investments and Economic Cycles (BIEC) grew by 2 points and stood at 169.1 points in May.

Locked content Zbigniew Brzeziński passes away

Zbigniew Brzeziński, who served as US President Jimmy Carter’s national security adviser passed away at the age of 89. “He was known to his friends as Zbig, to his grandchildren as Chief and to his wife as the enduring love of her life. I just knew him as the most inspiring, loving and devoted...

Locked content PFR to invest PLN 8 billion in the next 12 months

Polish state-run fund PFR plans to invest PLN 8 billion within the next 12 months, mainly on infrastructure and energy. “Within the last 12 months PFR’s investments, including Pekao stake, amounted to PLN 8 billion. It would be good to repeat this sum in the coming year,” PFR CEO Paweł Borys s...

Locked content Poland to introduce 8.5% tax on REIT-like firms

Poland wants to tax the REIT-like firms with 8.5 percent CIT rate for income allocated to dividend payments and zero tax rate for dividend income from such firms, both for retail and institutional investors. Furthermore, amortization will not be booked as cost reducing taxable income. To be consider...

Locked content JW Construction to launch aparthotel network

WSE-listed real estate developer JW Construction plans to open a series of aparthotels, with first projects to be launched in Warsaw and Gdynia. “We will manage most of those units,” JW Construction board member Małgorzata Szwarc-Sroka said at the opening of the 115-units aparthotel in Warsaw. Const...

Locked content Żabka buyer looking for more acquisitions in Poland

Equity Fund CVC Capital Partners is interested in more M&A targets in Poland after it bought discount retail chain Żabka back in February. “The purchase of Zabka does not satisfy our appetite for further investment in Poland. We are actively looking for investment ideas and perhaps this is why I...