Poland recorded 1,326 new coronavirus cases on September 29, the third consecutive day when 1,300 cases were confirmed.
Pricing puts the offering’s valuation at PLN8.1bn, one of the biggest-ever IPOs on the Warsaw bourse.
The coronavirus pandemic has had a seismic effect on the real estate sector, and the office segment is no exception.
Poland’s last two coal mines will cease operations in 2049, according to an agreement reached by the country’s powerful mining unions and the right-wing populist government.
Warsaw has proposed that coal’s share in electricity generation will fall to 37-56% in 2030 and then to just 11-28% in 2040. Miners flatly reject the plan.
Poland’s top online retailer and auction portal Allegro set the maximum price of PLN43 (€9.59) per share for its debut on the Warsaw Stock Exchange.
Innovation in electric batteries is central to electromobility and the transition to the green economy, but European firms have so far lagged behind their peers from East Asia.
After dynamic production increases to meet pent up demand in May-July, the growth in industrial production in August was well below consensus.
Poland’s United Right coalition appeared to be coming apart at the seams after a bill boosting protection of animal rights passed in the parliament thanks to cross-party support rather than the usual partisan vote.
Several hundred protesters gathered in front of the headquarters of Poland’s ruling Law and Justice party to rally against plans to ban fur production in Poland.
Polish mines will go on strike unless a deal is reached over Poland’s path to reduce the use of coal in its power sector, the country’s powerful mining unions said on September 14.
Allegro says it hopes to raise PLN1bn (€224.9mn) from the IPO on the Warsaw Stock Exchange. It's set to become Poland’s biggest listed company and one of the biggest on the Warsaw bourse.
Poland, which still produces over 70% of its electricity by burning climate-warming coal and lignite, has to build a cleaner energy mix in the coming decades.
Warsaw wants providers of hardware and software to be vetted for potential influence from non-EU or non-Nato countries. Such requirements would clearly work against China’s Huawei.
The potential IPO could be worth $2.3bn-3bn, which would put Allegro’s valuation around $11bn.
Poland — one of the most emissions-intensive economies in Europe —wants to reduce coal’s share in the country’s energy mix to 37-56% in 2030 from the current figure of over 70%.
The restart of Belarus' self-appointed President Alexander Lukashenko's brutal crackdown on protesters has led to a growing exodus of IT professionals that will destroy one of the country’s most successful sectors.
Ever since the plague in Athens in 430 BC described by Thucydides, epidemics have followed movements of people and changed the course of history. Today Covid-19 risks challenging the foundations of business in our modern interconnected world
Poland’s huge mining sector is inefficient and loss-making while EU climate regulations and the rise of renewable power are limiting demand for coal.