Image: Wikimedia Commons

Retail trade down by 2% y/y – Eurostat

The volume of retail trade in Poland declined by 2 percent year-on-year in May 2014, according to a data release from the EU’s statistics office Eurostat on Thursday. In month-on-month terms the volume declined by 1.1 percent.
Image: PGE

Stake in PGE sold for PLN 1.32 bln

Poland’s State Treasury has announced the successful completion of the accelerated book-building process for shares in the country’s largest power utility PGE. The Treasury generated PLN 121.5 million from the sale, while state-owned investment vehicle PIR got PLN 1,204 million.
Image: Netia

Vectra bids for 33% in Netia

Cable TV operator Vectra has announced a tender offer for 114.81 million shares, standing for a 33 percent stake in Poland’s second largest telecommunications firm Netia, the offer’s manager UniCredit CAIB Poland announced on Wednesday. The offered price is PLN 5.31 apiece.
Image : shutterstock

Amica bids for Spanish Fagor

Polish household goods producer Amica has submitted an offer to buy the assets of bankrupt Spanish market peer Fagor Electrodomésticos Soc. Cooperativa, according to the company’s press release quoted by ISBnews.
Martin SchulzEuropean Parliament

Martin Schulz remains head of EP

Martin Schulz was re-elected president of the European Parliament by MEPs on Tuesday. He will serve another two-and-a-half year term, a press release from the EP said. He won by 409 votes out of 612.
The June PMI reading reflects stagnation in the sector

PMI inches down to 50.3

Poland’s Manufacturing PMI is reflecting stagnation, with a reading of only 50.3 points in June compared to 50.8 points in May, according to a press release from HSBC and Markit Economics.