Locked content Alma wants to sell part of the company to Leclerc

Alma Market filed a motion to approve the sale part of the company to Immomok, a subsidiary of Leclerc for PLN 94 million, the company said in a market filing. “The sale of an organized part of a business will allow you to obtain the most favorable price in bankruptcy and, moreover, it will secure&#...

Locked content GetBack mulls entering Spanish market

WSE-listed debt collector GetBack is mulling acquiring a receivables portfolio in Spain this year, as it plans to diversify its operations, CEO Konrad Kąkolweski said. “We understand the Spanish legal system well. We think there are a lot of interesting portfolios as well as a lot of companies that ...

Locked content Factoring firms with a 13.6% turnover increase in H1

Polish factoring companies had a 13.6 percent increase in turnover to PLN 83.6 billion in H1, factoring lobby Polski Związek Faktorów (PZF) announced. In the first six months of the year, such companies had 8.1k customers (up from 7.2k y/y), they financed nearly 4 million of invoices (valued PLN 21....

Locked content KNF approves Raiffeisen Bank Polska IPO suspension

The Polish financial regulator KNF approved an annex to issue prospectus suspending the IPO of Raiffeisen Bank Polska. No new dates regarding the IPO timeline were given, however, KNF previously said that “it would take all necessary steps to assure shares are listed on the WSE as soon as possible.”...

Locked content Prince William and Duchess Kate visit Poland

Britain’s Prince William, along with his wife, Duchess Kate and their children started their two-day visit to Poland on Monday. “Their Royal Highnesses will take time during the tour to acknowledge the complex 20th-century history of each country,” Kensington Palace tweeted. They’ve visited th...

Locked content KGHM to seek opportunities to sell services in China – CEO

WSE-listed, state-owned copper and silver giant KGHM is may look for opportunities to sell its services on the Chinese market, CEO Radosław Domagalski-Łabędzki said. “We are interested in the development of Polish-Chinese cooperation, and the Chinese market is one of our most important markets. Our ...

Locked content Poland and China sign agreement on cooperation in nuclear energy

Deputy Minister of Energy Andrzej Piotrowski and his Chinese counterpart Li Fanrong signed a cooperation agreement on peaceful use of nuclear energy on Friday in Beijing. China has adopted a closed fuel cycle policy and consistently uses Western technologies to develop its own reactor design (such a...

Locked content LOT receives eighth, final Dreamliner

State-owned airline LOT received its eighth and final Boeing 787-8 Dreamliner plane. The plane landed on Saturday in Warsaw, flying straight from the Everett factory near Seattle in the United States. “The new plane will allow us to increase the frequency of flights to Seoul and Tokyo, and will also...

Locked content Fuel prices remain stable

Average fuel prices decreased by PLN 0.01, while diesel prices remained unchanged last week, according to BM Reflex, a fuel branch consultancy company, LPG prices dropped by PLN 0.01. These were first increases after 10 weeks of declines Currently, gasoline sells at PLN 4.36/liter, diesel at PLN 4.1...