Account
The venerable Vienna Stock Exchange swallowed centuries of national pride this month to enter into talks that could lead to a merger with its upstart rival in Warsaw.Vienna, the central capital market of the Habsburg Empire in the eighteenth century and later gateway to central and eastern Europe after the fall of the Iron Curtain, has been usurped by the Warsaw exchange , with its friendly regulation and privatisations, as the main arena for investing in the region.Warsaw passed Vienna in terms of share of trading in central and eastern Europe (CEE) in 2008. The capitalisation of listed companies of 684 billion zlotys ($215 billion) on the main WIG20 market now dwarfs Vienna's 80 billion euros ($104 billion).But Warsaw itself, part-owned by the government, currently faces a slowing rate of share offerings, while pension reforms could cause an exit of pension-fund assets from the stock exchange - making a merger in its interests too.A combination could make investors take notice in an ...
Poland's treasury ministry next year plans to receive 5 billion zlotys ($1.6 billion) in dividends from companies it controls in order to help plug the budget gap, T...
PYZDRY, Poland--State-controlled gas firm PGNiG SA (PGN.WA) plans to pick advisers for the initial public offering of its oil services unit in September or October, ...
Multi Commodity Exchange of India Ltd. (534091.BY) made a solid debut on the stock market with investors Friday scrambling to buy the shares of the first local excha...
Poland's largest insurer, PZU SA (PZU.WA) wants to make its employee compensation system more merit based, and has terminated its collective-bargaining agreement wit...
Spain's Banco Santander SA (SAN.MC) and Belgium's KBC Group NV (KBC.BT) have hired a consortium of investment banks to advise them on the planned share offering on t...
Polish refiner PKN Orlen SA (PKN.WA) said Monday it has signed short-term contracts to buy natural gas from five outside suppliers, getting a head start as Poland pr...
Poland's state-controlled natural gas utility PGNiG SA (PGN.WA) has merged five of its drilling service subsidiaries to pave the way for an initial public offering o...
Poland's gas monopoly Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA) hopes its new stategy that focuses on gas production, streamlining and possible job cuts wi...
Poland's privately held Alior Bank SA plans to raise 700 million zlotys ($215 million) in an initial public offering this year to boost its capital, while its owner ...
Spain's Banco Santander SA (SAN) could receive approval by the end of November to merge two of its Polish-based units, the country's financial regulator said Tuesday...
Polish copper miner KGHM Polska Miedz SA (KGH.WA) may raise its 2012 unconsolidated net profit forecast by more than 10% because of strong profits generated through ...
