As many as 76 companies became insolvent in February, which is 8 percent y/y increase, Euler Hermes said. The largest number of companies filed for insolvency was once again seen in the construction sector. “If we assume that the construction industry includes, the contractors of the works, as well as [...]
Tue, Mar 20, 2018 8:15:00 PM, Continue reading at the source
Electricity consumption increased by 2.99 percent y/y in February to 14.31 TWh, while production dropped by 2.22 percent y/y to 13.89 TWh, the national grid operator PSE said. Year-to-date, the consumption amounted to 29.68 TWh, a 0.83 percent y/y increase, while production reached 28.65 TWh, a 5.07 percent y/y growth…. [...]
Tue, Mar 20, 2018 8:07:00 PM, Continue reading at the source
The debt of the State Treasury of Poland increased in February by PLN 17.3 billion m/m (23.5 billion y/y), to PLN 952 billion, the Ministry of Finance said. Since the beginning of the year, the treasury debt has increased by PLN 23.5 billion, the ministry said. Out of the whole debt, [...]
Tue, Mar 20, 2018 8:03:00 PM, Continue reading at the source
WSE-listed builder Rafako submitted the best bid worth €50 million net (PLN 210 million) to build two gas pumping stations in Estonia for the state-run power and gas transmission system operator Elering. The turnkey installations will be built in Paldiski and Puiatu. Rafako is expected to complete the construction within [...]
Tue, Mar 20, 2018 7:58:00 PM, Continue reading at the source
Only 39 percent of the respondents believe that the government is doing a good job, while 46 percent thinks otherwise, according to a poll conducted by Kantar Public. The supporters number decreased by 4 percentage points m/m, while the number of opponents increased by 6 the same rate. PM Mateusz [...]
Tue, Mar 20, 2018 7:35:00 PM, Continue reading at the source
WSE-listed lender BZ WBK has priced its PLN 1 billion subordinated 10-year bonds at 160 bps over 6M WIBOR, the bank said in a market filing announcing closing the books on this issue. The bank has reserved the right to redeem the papers after 5 years from the issue date. [...]
Tue, Mar 20, 2018 7:30:00 PM, Continue reading at the source
WSE-listed game developer CD Projekt signed a preliminary deal to buy development studio Strange New Things in Wrocław. The team, consisting of 18 game developers will help the company develop its next blockbuster game Cyberpunk 2077, the company said. “We’re pretty hyped to be on the spearhead of this new [...]
Tue, Mar 20, 2018 6:50:00 PM, Continue reading at the source
The European Commission’s deputy head, Frans Timmermans, said that the white paper presented by Poland on the country’s judiciary reforms is not an answer the Brussels was looking for. “There was agreement across the table that this white paper is not the answer to the Commission’s recommendations. If this idea [...]
Tue, Mar 20, 2018 6:43:00 PM, Continue reading at the source
WSE-listed technical service provider for chain retail outlets Sescom is interested in acquisitions, the company’s CEO Sławomir Halbryt said. The company is looking for a potential target among its partners first, and in the case of a large transaction might issue new shares. “We are not only planning organic development [...]
Tue, Mar 20, 2018 6:18:00 PM, Continue reading at the source
Fund manager NN Investment Partners TFI hopes to reach 8 percent share in the market of employer-sponsored pension schemes PPK and expects it to bring profits within 4-6 years from its launch, the TFI CEO Małgorzata Barska said. “We assume inflows to such products to reach PLN 15-20 billion annually, [...]
Tue, Mar 20, 2018 6:16:00 PM, Continue reading at the source