Locked content Giraffes added to list of endangered species

Two subspecies of giraffes are “critically endangered” with extinction, said the International Union for Conservation of Nature (IUCN). Out of the nine existing species of giraffe, the Nubian and Kordofan species that live in East, Central and West Africa have been added to the list. Bec...

Locked content EIA cuts oil price forecast

The American Energy Information Administration has lowered its previous forecasts for oil prices for 2018 and 2019. According to the latest report entitled “Short-term Energy Outlook,” the average price of the WTI oil barrel in 2018 will amount to $65.18, which is 2.4 percent lower than ...

Locked content Housing deficit in Poland at 2.1 million units

There is a lack of around 2.1 million apartments in Poland, and by 2030 this deficit will increase to 2.7 million units due to the growing number of households, according to a report prepared by HRE Think Tank entitled “How many apartments are missing in Poland?” According to HRE Think T...

Locked content Morawiecki: Poland will spend €3 bln on electromobility

Prime Minister Mateusz Morawiecki wrote on Twitter, that over the next 10 years, Poland will spend at least €3 billion on electromobility. “We take this issue seriously… The money will be invested to develop research projects that will translate into increased innovation and better air quality,” he ...

Locked content Tusk: ‘We will not renegotiate the Brexit deal’

The President of European Council Donald Tusk said that Brussels will not renegotiate the Brexit deal. “We will not renegotiate the deal, including the backstop, but we are ready to discuss how to facilitate UK ratification. As time is running out, we will also discuss our preparedness for a no-deal...

Locked content PiS support drops, PO grows – CBOS poll

Ruling Law and Justice (PiS) party support has decreased by 1 percentage points to 41 percent, according to the poll conducted by CBOS. Civic Platform (PO) was second with 24 percent support, up by 3 percentage points m/m. PSL was third with 7 percent support (unchanged) followed by Kukiz’15 with 5 ...

Locked content Groclin to sell majority stake in CADM

WSE-listed car seat producer Groclin signed a preliminary agreement with CADM Holdings owned by Abris Capital Partners investment fund regarding the sale of a 51 percent stake in CADM Automotive for PLN 42.5 million. The conditional agreement between the two sides was signed back in October. Groclin...

Locked content Allegro to acquire eBilet

Poland’s biggest online auction and e-commerce platform Allegro.pl submitted an application to the antitrust watchdog UOKiK for permission to takeover online ticket retailer eBilet Polska. The application was received on December 5, the case is pending. Allegro.pl is owned by investment funds Cinven...

Locked content WSE to launch 3 dividend-based indices

The Warsaw Stock Exchange will launch three new dividend-based indices on December 27, the WSE announced. The indices will track aggregate dividends paid by the stocks participating in the underlying index (respectively: WIG20, mWIG40, sWIG80) in the calendar year. “We are starting to publish the ne...

Locked content CCC wants to buy Gino Rossi

WSE-listed shoe retailer CCC wants to buy a 100 percent stake in other listed peer Gino Rossi for PLN 0.55 per share in a tender offer. This puts the company’s value at PLN 27.7 million. CCC has previously secured Rossi’s majority shareholder obligation to sell their 30 percent stake. The company pl...