PKN Orlen to issue series D bonds

PKN Orlen Management Board has decided to launch a series D issue of bearer bonds as part of the public bond issue program to individual investors. The final terms of the series D bonds were transferred to the Polish Financial Supervision Authority (KNF) and will be published on May 16.

Brussels hopes to reach compromise over rule of law by June

The European Commission deputy president Frans Timmermans said that he hopes that Poland and EU will settle a dispute over the rule of law soon and mentioned the June 26 meeting of the General Affairs Council as a “make or break” date. “I hope the Polish government will see that it has to take a few...

GUS: Poland with trade deficit in Q1

According to data released by Poland’s Central Statistical Office (GUS), in Q1 Poland had a PLN 4 billion trade deficit. Last year, in the first three months of the year, Poland had a PLN 2.9 billion trade surplus.

Locked content Grupa Azoty sees higher investments for 2014-2020

Poland’s largest chemicals maker Grupa Azoty will have significantly higher investment costs for 2014-2020 than the previously announced PLN 7 billion, said the company’s deputy CEO, Paweł Łapiński. By 2017 the state-controlled group already allocated around PLN 4 billion to investments. In 20...

Locked content Uncertainty around Iran may affect Polish złoty

The geopolitical tension around Iran may cause investors’ aversion to the Polish złoty, head of sales and education at CMC Markets Maciej Leściorz said. There are speculations that President Trump may soon announce new sanctions on the Ayatollah state. The EUR/PLN exchange rate on Thursday mor...

Locked content GDP growth at 4% in 2018 – EBRD

Poland’s economic growth will increase to 4 percent in 2018 and then slow down to 3.3 percent in 2019, according to the latest forecast by the European Bank for Reconstruction and Development (EBRD). Compared to the estimates published in November 2017, this year’s GDP growth was increased by 0.6 pe...

Locked content Piotr Korycki to head Discovery and TVN in Poland

Piotr Korycki became the president of the board and MD of Discovery and TVN in Poland after acquisition of Scripps Networks Interactive by Discovery had been completed. He will report to Katarzyna Kieli, head of Discovery EMEA. Korycki has been with TVN Group for 15 years and was recently the VP of ...