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.
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.
There is no threat to the existence of the ruling coalition, according to a statement from government spokesperson Małgorzata Kidawa-Błońska reported by TVN24. Any personnel decisions may only be expected after the summer vacation, she said.
Railway infrastructure operator PKP PLK has signed an agreement with state-owned lender Bank Gospodarstwa Krajowego (BGK) on the issue of bonds worth PLN 2.2 billion, the bank said in a statement on Wednesday.
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.
Polish center, Marcin Gortat has signed a new 5 year deal with NBA outfit Washington Wizards a team which he played for last season, before his contract expired and he became a free agent.
Poland’s State Treasury announced late on Tuesday that it has closed the due diligence process for real estate group Polski Holding Nieruchomości (PHN) without selecting an investor.
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 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.
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.