Assicurazioni Generali SpA based in Trieste, Italy has submitted an application to the Office of Competition and Consumer Protection (UOKiK) regarding the takeover of Concordia Polska Towarzystwo Ubezpieczeń Wzajemnych and the Wielkopolska Life and Annuity Insurance Society Concordia Capital.
BGŻ BNP Paribas has decided to issue 2.5 million series J shares and 10.8 million shares K series shares as part of a private subscription, the bank said. The purpose of the issue is to increase funds by approx. PLN 800 million.
The majority of Poles would consider buying a car regular gas engine (57 percent), while 45 percent would consider a hybrid, 36 percent a diesel engine car and 32 percent an electric car, according to a survey conducted by ING. The reasons why Poles would think of purchasing an electric car are: low...
The Ministry of Investment and Development will allocate PLN 300 million from the Infrastructure and Environment Program for cities wishing to buy electric buses and trolleybuses, and the construction of charging stations.
Prime Minister Mateusz Morawiecki has taken over the power to exercise the property rights of PKN Orlen and Grupa Lotos from the Minister of Energy, effective as of June 1, 2018.
A biomass heating plant with 17MW capacity is to be built by the end of 2019 in Biała Podlaska in the Lubelskie voivodship. The construction cost is over PLN 30.5 million. The investment was co-financed by the National Fund for Environmental Protection and Water Management.
The revenue of Polish footwear manufacturer and distributor Wojas fell in May 2018 by 5.3 percent y/y to PLN 18.3 million, the company said in a statement.
Developer Robyg is considering issuing five-year unsecured PB series bonds for an amount not higher than PLN 100 million until June 29, 2018, the company has announced.
Polish retailer Wittchen has announced consolidated sales revenues of PLN 13.1 million in May 2018, which is an increase of 14 percent y/y.
LOT Polish Airlines and EL AL Israeli have signed a memorandum that initiates cooperation between carriers in the field of sales, operations and training. The agreement is to lead to signing a code-share agreement and exploring other areas of potential partnership, to strengthen the relationship bet...