Poland needs more VC investors – Emilewicz

Poland lacks a well developed venture capital market, according to the Minister of Entrepreneurship and Technology Jadwiga Emilewicz. She said that the government is close to finishing its work on crating legal framework for the so-called simple joint stock company, which would make VC investments e...

Locked content Investment growth at 4-5% – Borys

Investment in Poland is growing at 4-5 percent annually, according to the president of the Polish Development Fund (PFR) Paweł Borys. He stated that while in the first half of 2017, lower investments were disconcerting, the second half of last year saw investment levels increase. “It would be good i...

Locked content PFR: We can finance nuclear plant project with ‘several PLN blns”

The state-run Polish Development Fund PFR can invest “several PLN billions” in the planned nuclear plant, PFR President Paweł Borys said. “The topic of potential participation in financing the construction of a nuclear power plant has been brought up and we declare that we are just financing large i...

Locked content PFR: We’re ready to co-finance Poland’s nuclear plant

Polish Development Fund PFR will co-finance the construction of the first Polish nuclear plant if needed, its CEO Paweł Borys said. “The Polish government and potentially Polish companies are getting close to final talks and if positive decisions are made and Poland will build nuclear power units, t...

Locked content Tauron secures PLN 880 mln financing from PFR

WSE-listed power group Tauron secured PLN 880 million financing from two funds managed by state-run Polish Development Fund for its 910 MW Jaworzno project, the company said in a market filing. The two funds will contribute PLN 440 million each. The joint share of funds in the SPV  should amount to ...

Locked content WSE in talks to acquire Tel Aviv Stock Exchange

According to Parkiet daily, Warsaw Stock Exchange was invited to bid on the 72 percent stake in the Tel Aviv Stock Exchange. The value of the transaction is estimated at some PLN 490 million. WSE confirmed that, along with the state-run Polish Development Fund, it had filed a non-binding offer. Othe...

Locked content PFR with preliminary investment deal for Pesa

The Polish Development Fund (PFR) has signed a preliminary agreement regarding investment in rolling stock producer Pesa. “The Polish Development Fund has concluded an initial agreement regarding the investment in PESA and currently has the right to exclusive negotiations,” PFR CEO Paweł Borys said....

Locked content Tauron to sign deal with PFR on Jaworzno project ‘within weeks’

WSE-listed power utility Tauron hopes to sign the deal with state-run development fund PFR regarding the investment in the Tauron’s Jaworzno plant “within weeks,” the company said in a market filing. The talks are still ongoing despite the deadline running out. Back in June, PFR said it can invest u...

Locked content PFR head: Pekao should consider supermerger with PKO

According to the president of the state-run Polish Development Fund (PFR) Paweł Borys, two of the largest state-run lenders Pekao and PKO should consider a merger in order to compete with rivals outside Poland amid expected consolidation in Europe’s banking sector. “There is an example of a merger b...

Locked content Tauron extends talks with PFR on Jaworzno project

WSE-listed power utility Tauron extended the deadline for negotiations with state-run development fund PFR for another two months regarding the investment in the Tauron’s Jaworzno plant. Back in June, PFR said it can invest up to PLN 880 million to aid the construction of the new 910 MW block in Jaw...