Expats

Asseco Poland 2011 net falls 4 percent, less than forecasts [Mar 17, 2012] WARSAW (Reuters) - Eastern Europe's top software maker Asseco Poland reported a 4 percent drop in 2011 net profit, weighed down by lower margins at subsidiaries and long-term contracts drawing to a close. But it was a smaller fall than analysts had expected. The group, which is considering a Nasdaq listing, said late on Friday that its net was 397 million zlotys ($126.8 million), compared to a 9 ... [via YahooNews] More >>

Polish Refiner PKN Orlen To Issue PLN1 Billion Worth Of Bonds Monday [Feb 25, 2012] Poland's largest refiner, PKN Orlen SA, will issue Monday seven-year bonds worth 1 billion zlotys ($311.4 million) to several types of non-bank financial institutions, the state-controlled company said Friday. [via YahooNews] More >>

Mondi seen sweetening $374 mln bid for Polish unit [Feb 16, 2012] JOHANNESBURG/WARSAW (Reuters) - Shares in Polish paper maker Mondi Swiecie climbed above an offer price from its South African parent on Thursday, as investors bet Mondi Ltd would have to sweeten its $374 million buy-out bid. The South African paper maker owns two-thirds of Mondi Swiecie, whose products are used to make items including paper bags, and offered 69 zlotys per share for the ... [via YahooNews] More >>

Euro 2012 stadium official quits, still gets bonus [Feb 14, 2012] An official in charge of building the European Championship stadium in Warsaw has resigned because the project faced numerous delays and other problems. Rafal Kapler resigned Monday, but controversy surrounding the building of the National Stadium grew Tuesday with news that he will still receive a bonus of 570,00 zlotys ($180,000), in line with a 2008 contract he had. [via YahooNews] More >>

Rock concert opens Poland's main Euro 2012 stadium [Jan 30, 2012] Thousands of football fans attended a rock concert and fireworks display Sunday to celebrate the opening of Poland's new National Stadium where the 2012 European Championship will kick off in June. The 58,000-capacity Warsaw stadium was built specially for Euro 2012 at the cost of 2 billion zlotys ($600 million). [via YahooNews] More >>

Polish Lotos swings to loss on weak local currency [Nov 03, 2011] WARSAW, Nov 3 (Reuters) - Poland's refiner Lotos swung to a loss of 329 million zlotys ($103.9 million) in thethird quarter as the weak Polish currency pumped up the group'scosts and dollar-denominated ... [via YahooNews] More >>

Polish PKN eyes PLN 750 mln in third quarter EBIT [Oct 21, 2011] WARSAW, Oct 21 (Reuters) - Poland's top refiner PKN Orlen expects its third quarter operating profit to drop toaround 750 million zlotys ($233.24 mln) from 789 million zlotysa year earlier, the company ... [via YahooNews] More >>

Poland To Sell Foundry Coke Producer To JSW For PLN414 Million [Oct 06, 2011] WARSAW -(Dow Jones)- Polish coking coal producer Jastrzebska Spolka Weglowa SA (JSW.WA) has agreed to buy foundry coke maker Walbrzyskie Zaklady Koksownicze Victoria SA from the Polish government for 413.9 million zlotys ($125.8 million), the company and Poland's Treasury Ministry said in statements late Wednesday. [via YahooNews] More >>

Poland To Sell Foundry Coke Producer To JSW For PLN413 Million [Oct 06, 2011] WARSAW -(Dow Jones)- Polish coking coal producer Jastrzebska Spolka Weglowa SA (JSW.WA) has agreed to buy foundry coke maker Walbrzyskie Zaklady Koksownicze Victoria SA from the Polish government for 413.9 million zlotys ($125.8 million), the company and Poland's Treasury Ministry said in statements late Wednesday. [via YahooNews] More >>

Polish Netia Agrees To Buy KGHM Phone Unit Dialog For PLN944 Million [Sep 30, 2011] WARSAW -(Dow Jones)- Polish copper miner KGHM Polska Miedz SA (KGH.WA) has agreed to sell its phone unit Telefonia Dialog SA to telecommunications company Netia SA (NET.WA) for 944 million zlotys ($289.6 million), the companies said in statements late Thursday. [via YahooNews] More >>

Polish government approves 2012 budget [Sep 27, 2011] Poland's government has approved the 2012 budget that foresees debt of 35 billion zlotys ($11 billion; euro8 billion) ? 53 percent of GDP ? and predicts growth of 4 percent despite the economic turmoil in Europe. [via YahooNews] More >>

Poland's KGHM Raises 2011 Net Profit Forecast 16% [Sep 05, 2011] WARSAW -(Dow Jones)- Polish copper miner KGHM Polska Miedz SA (KGH.WA) has raised its 2011 net profit forecast 16% to 9.64 billion zlotys ($3.25 billion), the company said Monday. [via YahooNews] More >>

Poland suspends sale of [Aug 24, 2011] WARSAW (Reuters) - Poland has suspended the sale of its 15 percent stake in top lender PKO BP , worth about 6.78 billion zlotys ( [via YahooNews] More >>

Poland suspends sale of [Aug 23, 2011] WARSAW (Reuters) - Poland has suspended the sale of its 15 percent stake in top lender PKO BP , worth about 6.78 billion zlotys ( [via YahooNews] More >>

11 players given suspended prison terms in Poland [Jun 27, 2011] Poland midfielder Lukasz Piszczek and 10 other players have been fined and given suspended prison sentences by a Polish court for their role in fixing a topflight match in the 2005-06 season. Piszczek received a one-year prison term suspended for three years and was fined 100,000 zlotys ($33,000) Monday for his involvement in bribing players from Cracovia Krakow to help his then-team Zaglebie... [via YahooNews] More >>

Poland To Raise Up To $2.1 Billion In IPO Of Coalminer JSW [Jun 13, 2011] WARSAW -(Dow Jones)- Poland will raise up to 5.77 billion zlotys ($2.1 billion) in the initial public offering of its coalminer Jastrzebska Spolka Weglowa SA, or JSW, after setting the maximum price per share at PLN146, JSW said Monday in an appendix to its IPO prospectus. [via YahooNews] More >>

Polish end-April budget gap at 53.8 pct of plan [May 16, 2011] Poland-Budget WARSAW: Poland's central government budget deficit in the first four months of 2011 stood at 21.6 billion zlotys or 53.8 percent of the full-year plan, the finance ministry said in a statement on Monday. [via YahooNews] More >>

Santander buys 96 pct of Polish BZ WBK in tender [Mar 29, 2011] WARSAW (Reuters) - Spain's Santander has bought 96 percent of Bank Zachodni WBK for 15.9 billion zlotys (3.5 billion pounds), completing a public tender to take over Poland's fifth biggest bank, ... [via YahooNews] More >>

Poland State-Owned Bank BGK Places PLN2 Billion In 2-, 4-Year Bonds [Feb 11, 2011] WARSAW -(Dow Jones)- Poland's state-owned Bank Gospodarstwa Krajowego SA, or BGK, placed 2 billion zlotys ($694.5 million) in two- and four-year bonds, the bank said Friday. [via YahooNews] More >>

Polish Bank Handlowy 2010 Net Profit Jumps 50% [Feb 10, 2011] WARSAW -(Dow Jones)- Polish Bank Handlowy w Warszawie SA (BHW.WA), a unit of Citigroup Inc. (C), Thursday said its consolidated 2010 net profit rose 50% to 754.8 million zlotys ($263.9 million) on lower provisioning against non-performing loans and lower administrative costs. [via YahooNews] More >>