Locked content EBRD considers buying 5-10% of Dino shares in the upcoming IPO

The European Bank for Reconstruction and Development (EBRD) may buy a 5-10 percent stake in retailer Dino in the ongoing IPO, company wrote in its prospectus. “Dino has obliged to make every effort to ensure that the share of the EBRD to be acquired in the offer amount to no less than 7.5 percent an...

Locked content Macierewicz accuses Tusk of diplomatic treason

Poland’s defense minister Antoni Macierewicz filed a motion with the prosecutor’s office accusing the European Council President Donald Tusk of “abuse of trust in foreign relations.” Charges stem from the 2010 Smoleńsk plane crash, which took lives of President Lech Kaczyński and 95 othe...

Locked content Work Service with several foreign acquisitions on the horizon

Exact Systems, a subsidiary of WSE-listed Work Service has signed term sheet addendum regarding acquiring shares in outsourcing companies in France, Romania, Morocco and Turkey, the company said in a market filing.The preliminary takeover deals are expected to be signed by May 31. Exact plans to buy...

Locked content Government gives greenlights the Sunday trade bill

Poland’s cabinet approved the draft bill aimed to limit trade on Sundays. However, the cabinet recommends a number of changes including potential penalties and gradual implementation of the new rules. “That would enable analysis of social and economic effects of the new solutions on a running ...

Locked content Energa to get PLN 3.2 bln from EIB

Energa Operator, a subsidiary of state-owned WSE-listed power utility Energa might get over PLN 3.2 billion financing from the European Investment Bank, the ministry of development said. The funds would be spent on modernizing and expansion of distribution grid. EIB has financed 11 investment projec...

Locked content T-Mobile Polska with new CEO

Telecom operator T-Mobile Polska’s current CEO Adam Sawicki will step down from his post as of March 31. He will be replaced by Austrian Andreas Maierhover, who currently helms Telekom Macedonia. The other change in personnel concerns the member of the management board responsible for private market...

Locked content Poles spend 4 hours each day on video content – PwC

The average Pole spends four hours daily watching video content online and on TV, according to a report published by the PwC consultancy. As many as 62 percent respondents watch content on mobile devices, while 45 percent watch it on TV sets. Furthermore, 36 percent of Poles binge watch shows online...

Locked content Ciech profits up. No planned dividend payout

WSE-listed chemical group Ciech had a PLN 593 million net profit in 2016, up from PLN 343 million in 2015. EBITDA grew to PLN 883.8 million from PLN 707.5 million the year before, while revenues increased to PN 3.46 billion, from PLN 3.27 billion y/y. In key segment, the core soda business generated...

Locked content PO closing the gap on PiS – IBRiS poll

According to the latest IBRiS poll, conducted for the Rzeczpospolita daily, the ruling Law and Justice (PiS) party would enjoy 29 percent support (down by 5 percentage points), while CIvic Platform (PO) support reached 27 percent (up by 10 pp). Support for Nowoczesna remained unchanged at 9 percent....

Locked content Estonian Inbank launches services in Poland

Estonian Inbank has launched its operations in Poland and hopes to give PLN 100 million worth of loans this year. “Poland is a big market, open to new technologies in banking. We see positive trends and big growth dynamic when it comes to consumer loans,” Priit Põldoja, Inbank’s co-founder sai...