Locked content Poles prefer to save their money rather than to invest – ING

As many as 77 percent of Poles have savings account, while 42 percent have deposits. Only 14 percent invested their finds into stocks, while 15 percent put their savings into investment funds, ING study showed. Throughout EU, on average, 69 percent have savings account and 31 percent have deposits. ...

Locked content M Food mulls move to the WSE main market

M Food, which trades honey and beekeeping products wants to move its trading to the WSE main trading index this year, company said in a market filing. Since 2011, the company shares have been trading on the small cap, alternative NewConnect market. The company also plans to issue new shares to finan...

Locked content Trump to visit Poland in July?

According to Reuters, Poland will invite US President Donald Trump for a visit in July. The invitation could be extended next week, during Polish Foreign Minister Witold Waszczykowski trip to the US. Trump, who will be visiting the G-20 group summit on July 7-8 in Germany, could make a stopover in W...

Locked content Komputronik announces buyback offer. Plans delisting

WSE-listed IT retailer Komputronik announced, through its majority shareholder Marinera Invest that it wants to buy back outstanding 46 percent of the company’s shares. The offer stands at PLN 6.5 apiece and will go through if at least 36 percent of the stock is tendered. If it goes through, t...

Locked content PZU with new CEO. Changes to the supervisory board

WSE-listed insurer PZU, named Paweł Surówka as its new CEO. Surówka replaced Michał Krupiński, who was dismissed back in March. Till now, Surówka has been the CEO, of PZU subsidiary, PZU Życie. Additionally, PZU appointed Aneta Fałek, Robert Śnitko and Katarzyna Lewandowska to the supervisory board,...

Locked content KNF the number of pension accounts on the rise

According to data released by the financial market regulator KNF, the number of Individual Pension Accounts (IKE) at end-2016 stood at 902,6k (up from 855,2k in 2015), while the value of funds allocated there increased by 17.9 percent y/y to PLN 6.7 billion. The number of Individual Retirement Insur...

Locked content Trump: NATO no longer obsolete

US President Donald Trump said that NATO is no longer “obsolete,” reversing his previous stance. “I said it was obsolete. It’s no longer obsolete,” Trump said, adding that the Transatlantic alliance, which Poland joined in 199 was adapting to the broader mission against Islamic mil...

Locked content V4 to support Eastern Partnership countries

Foreign affairs ministers of the Visegrad Group countries have voiced “strong support” for the Eastern Partnership during a meeting in Warsaw. “We would like the Eastern Partnership to bring the Eastern Partnership countries closer to the European Union, and at the same time to significantly increas...

Locked content Superior bid for Uniwheels is final. No more dividends

Superior Industries said it won’t raise its offer for German WSE-listed alloy wheels producer Uniwheels shares. The current and final offer stands at PLN 236.07 per share. “We think it’s a fair price,” Superior CEO Donald J. Stebbins said. After agreeing to buy 61.29 percent of Uniwheels...

Locked content EBRD buys 9.48 percent stake in Griffin Premium RE

The European Bank for Reconstruction and Development acquired a 9.48 percent stake in WSE-bound real estate firm Griffin Premium RE IPO. The transaction was worth PLN 84.4 million. The company will begin its trading on the Warsaw Stock Exchange on April 13. After the IPO, the free float will reach a...