Locked content OTP withdraws bid for FM Bank

Hungarian lender OTP Bank has withdrawn its bid to buy FM Bank PBP, according to an anonymous source quoted by Reuters. OTP Bank was one of the candidates to buy FM Bank, among Polish banks, Alior Bank and BOS Bank, and a private equity firm, AnaCap Financial. The Polish Financial Supervision Author...

Locked content Bloober Team to intensify its presence in China

Bloober Team, a video game developer, plans to increase its presence in the Chinese market. The company will open an office in Hong Kong before the end of Q1. Bloober wants to secure financing of promotion and new games development by issuing €2.5 million worth in stocks. It also plans to move from ...

Locked content PKN Orlen sign deals with BP, Lukoil and Shell

PKN Orlen has signed deals worth PLN 8.5 billion with BP Europa SA, Lukoil Polska and Shell Polska for oil delivery. An estimated value of the contract with BP amounts to PLN 5.4 billion. The deal with Lukoil is worth PLN 1.28 billion, while the Shell one, PLN 1,82 billion. The agreements are valid ...

Prepped and ready

Tomasz Siemoniak, Minister of Defense, talks with WBJ Observer about Poland’s military at a time of crisis in ukraine and aggressive movements of Russia

To know or not to know

Some say it empowers people and democratizes data. Companies can’t wait to tap its seemingly endless potential. Still, there are quite a few naysayers who point to the potential threats of big data – not only to our privacy, but more importantly, to social relations and stability

The Polish wallet – mainly empty and full of holes

Seneca once wrote, “It is too late to spare when you reach the dregs of the cask.” This also goes for the finances of Polish households. They want to save, and even know they should, but they’re just unable to do so

Back to the Fruits

Poland’s organic food industry is coming into its own. Inspiration abounds, oftentimes coming out of the woodwork in the most unexpected forms. One entrepreneurial duo has started a company that has an international flavor, yet is deeply rooted in the local landscape

On the path to consolidation

Poland is known to be the regional leader in mergers, acquisitions and stock exchange deals. Though the market has slowed down in the past years, recent activity suggests that we are back on the way towards growth