Locked content Kopex prolongs PLN 620 mln debt restructuring with 7 banks

Polish mining equipment producer Kopex has landed a deal with banks on setting the key conditions of the group’s restructuring issue, the company informed in a market filing. The agreement was signed between Kopex (including its units) and such banks as PKO BP, Pekao, ING Bank Śląski, BGŻ BNP ...

Locked content PKP in 2015: PLN 222.9 mln income and PLN 1.77 bln debt

The Polish State Railways (PKP SA) recorded a net profit of PLN 222.9 million in 2015, compared with PLN 219 million in 2014. At the end of 2015, debt reached PLN 1.77 billion and must be paid in full by 2022. However, as a result of completed privatization transactions (including TK Telecom, PKP En...

Locked content Transportation sector with record high debt

The Polish transportation sector’s debt grew by PLN 149 million throughout last year, to PLN 487 million, the National Debt Registry (KRD) reported. In January-December 2015 the percentage of transportation firms in debt increased by 60 percent and totaled 16,038. The average company debt amou...

Locked content 20% of micro firms get loans

On average, 20 percent of micro-enterprises use bank credits designed for businesses, according to the Bureau of Credit Information (BIK). At the end of November last year, 8 out of 10 micro-entrepreneurs benefiting from corporate loans (48 percent) also had a loan as a private person (52 percent). ...

Polish seniors’ debt at PLN 2 bln

Polish seniors’ debt has increased from PLN 1.27 billion to PLN 2.05 billion (by 61 percent) from January 2015 to December 2105, the National Debt Register (KRD) reported.

Locked content Sfinks Polska gets loan to consolidate debt

Polish restaurant company Sfinks Polska has signed an investment loan with state-controlled BOŚ valued at over PLN 80 million, dlahandlu.pl reported. Sfinks aims to consolidate its liabilities regarding ING Bank Śląski and PKO BP through the loan. Just recently, the company has issued 3,5 million sh...

Locked content Ciech to refinance its debt

Polish chemical company Ciech has signed a credit deal for PLN 1.34 billion in total and decided to redeem bonds worth €245 million, in order to refinance its outstanding debt, the company informed. In addition, Ciech will be provided with PLN 250 million revolving credit which is to be earmarked fo...

Locked content Construction sector deep in debt – KRD

The outstanding debt of the Polish companies operating in the construction sector is valued at PLN 1.23 billion, an increase of PLN 136 million in annual terms, the National Debt Registry (KRD) informed. The average debt of each of 31,000 registered companies amounts to PLN 33,000. Statistics show t...

Locked content Indebtness of hotels amounts to PLN 31,6 mln

The Polish  Economic Information Bureau (Krajowy Rejestr Długów – KRD) reported that in 2015 the debt of 1,100 noted hotel businesses amounted to PLN 31,6 million. The creditors come mainly from the  trade sector. Moreover KRD published that in “the last three years the amount of indebte...

Locked content Huge increase in money suppy in May

The value of companies’ deposits increased by 1.8 percent m/m (PLN 3.8 billion) to a total of PLN 213.7 billion in May and the value of households’ deposits stood at PLN 605.4 billion, 0.4 percent (PLN 2.1 billion) higher than in April, the National Bank of Poland said. At the same time,...