Locked content Poland with 2 medals at PyeongChang Winter Olympics

Polish athletes won two medals at the PyeongChang Winter Olympic Games which concluded on Sunday. Ski-jumper Kamil Stoch won gold in the normal hill event, while the ski jumping team (Maciej Kot, Stefan Hula, Dawid Kubacki, and Kamil Stoch) took the bronze. Overall, in the medals table, Poland was 2...

Locked content Fuel prices continue to drop

Average fuel and diesel decreased by PLN 0.04 last week, while LPG prices dropped by PLN 0.03, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.60/liter, diesel at PLN 4.50/liter and LPG at PLN 2.05. “Due to the rapid changes in prices on the wholesale ma...

Locked content PGE Opole expansion with further delays

WSE-listed power group PGE said that after the negotiations with the general contractors, the construction of its two power units in Ostrołęka plant will be further delayed. The block number 5 will be finished by end-May next year (5monthsh later), while block number 6 will be delayed by 2 months to...

Locked content Banks to pay over PLN 2.2 bln to guarantee funds

Polish banks will pay PLN 1.24 billion to the banks’ guarantee fund BFG and PLN 960 to the resolution fund this year, the Banking Guarantee Fund said. The amount is 5 percent higher than in 2017 when lender had to pay PLN 1.182 for the resolution fund and PLN 915 million to BFG. Banks can…

Locked content Cyfrowy Polsat extends tender Netia shares

WSE-listed media group Cyfrowy Polsat extended its tender offer for shares of listed telecom Netia to April 9, as the antitrust watchdog UOKiK sent the case has been entered into the second phase of the proceedings, reserved for more complicated cases. Subscriptions originally were to have ended Mar...

Locked content Śląskie Kamienice mulls move to WSE main market

Listed on the small-cap, alternative market Śląskie Kamienice company will vote on a draft resolution on March 26 to move the company’s shares to the WSE main market. Additionally, the company plans to buy up to 2,083,892 of its own shares at PLN 0.1 to PLN 12 apiece. The company debuted on NewConne...

Locked content Idea Bank with PLN 27.9 mln impairment to Q3 results

WSE-listed Idea Bank, a unit of listed Getin Holding will have a PLN 27.9 million impairment to its Q3 results, after writing off loans worth PLN 34.3 million, the company said in a market filing. The company estimates that the write off will reduce its Q3 net profit by PLN 15.2 million. The amendme...

Locked content BZ WBK and Deutsche Bank Polska sign demerger plan

WSE-listed lenders BZ WBK and Deutsche Bank Polska agreed on the terms of the demerger plan and plan on finalizing the deal before end-2018, the banks said in a market filing. The banks will now file a motion with Financial Supervision Authority KNF to approve the demerger of Deutsche Bank Polska. M...

Locked content Foreign investors continue to dominate WSE

The share foreign investors on the Warsaw Stock Exchange main market remained unchanged at 53 percent in 2017, while the share of institutional investors declined by 3 percentage points to 31 percent. Individual investors were responsible for 16 percent of WSE trading, up by 3 percentage points. In ...

Locked content TFI’s profit up to PLN 683.5 mln in 2017

The Financial Supervision Authority (KNF) reported that the net profits of Investment Funds (TFI) totaled PLN 683.58 million in 2017, up by 37.1 percent y/y. The value of assets under management amounted to PLN 380.6 billion at the end-2017, whereas last year it stood at over PLN 354 billion. Revenu...