Locked content Poland’s leasing market is worth PLN 15 bln in Q1

Poland’s leasing market grew by 12.7 percent y/y to PLN 15 billion in Q1, leasing industry lobby Związek Polskiego Lesingu (ZPL) said. Light vehicles (up to 3.5 metric tons) accounted for 44.6 percent of the market, followed by heavy vehicles with 28.2 percent share, while machinery and IT acc...

Locked content Macierewicz aide resigns in turmoil

Bartłomiej Misiewicz, an assistant to Poland’s defense minister resigned from the country’s ruling party last week, after Law and Justice (PiS) party commission, formed to investigate his issue said that he did not have sufficient training or experience required for high state jobs. Misi...

Locked content Quercus increases its stake in Integer

The Quercus investment group increased its holdings in the WSE-listed parcel locker operator by its umbrella fund SFIO2 to over the 5 percent mark, the firm said in a market filing. Previously, Quercus TFI announced that through its controlled funds, it has increased its stake in Integer to 7.29 per...

Locked content Poland welcomes NATO forces near the Russian border

Poland welcomed the first US troops in a multi-national force which is being deployed in Orzysz, some 60 kilometers from the Russian Kaliningrad enclave. The 1,100 strong formation, includes 900 US troops as well as 150 British and 120 Romanians. “Deploying of these troops to Poland is a clear demon...

Locked content Poland is the 48th safest travel destination: World Economic Forum

Poland took the 48th spot in the latest ranking of safest tourist destinations compiled by the World Economic Forum. Warsaw moved down, from the 35th place in 2015. The World Economic Forum, who ranks 136 countries by their competitiveness in the tourism sector, placed Finland as the world’s s...

Locked content BGK grants PLN 37.26 bln ‘de minimis’ guarantees

Poland’s state-owned lender BGK has granted PLN 37.26 billion in guarantees for loans worth some PLN 6.61 trillion issued to SMEs as of end-March under the state program of ‘de minimis’ credit guarantees, the bank said. As many as 123,058 SMEs took loans under the program. Firms ca...

Locked content Dino reduction rate in retail tranche reaches 75%

WSE-bound retail grocer Dino has allotted all 48.04 million shares in the IPO, with reduction rate in the retail tranche reaching 75 percent, the company said in a market filing. Dino sold 45.46 million shares at PLN 34.5 apiece to institutional investors and 2.4 million shares at PLN 33.5 to retail...

Locked content CCC plans to reach PLN 800 mln by 2019

WSE-listed footwear retailer CCC will seek EBITDA of at least PLN 550 million in 2017, PLN 650 million in 2018 and PLN 800 million in 2019, according its managerial incentives program approved by the supervisory board, the company said in a market filing. “The program assumes the minimal thresholds ...

Locked content Poles waste 9 mln tons food each year – Greenpeace

According to the environmental group Greenpeace, Poles waste some 9 million metric tons of food each year, putting the country in the fifth place among all EU nations. The organization has asked politicians to pass new laws which would limit food waste and increase food donations. According to the E...

Locked content WSE expects 2-3 REIT-type debuts in 2017. Reino vehicle among them

The Warsaw Stock Exchange (WSE) hopes to attract two-three REIT-type investment vehicles this year, after the IPO of Griffin Premium RE. “It’s hard to say what the capitalization will be,” WSE acting CEO Jarosław Grzywiński said. Polish parliament is currently working on a new bill which would...