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Equity markets
No ?quiet period? for PKO BP
IPO candidates are refusing to publish even the most basic information about their proposed offerings, fearing the wrath of the Polish Securities and Exchanges Commission. New rules on pre-IPO announcements were imposed on May 1st in a revised Securities Law. One company, state-owned PKO BP bank has no such qualms. Poland?s biggest lender already said it wants to sell 5 to 6 billion zloty worth of existing stock, or up to 30 percent of the company.
Public finances
Poland cuts spending by limiting
pension hikes
Polish parliament has approved a government plan to limit increases in the retirement benefits on Friday. Sejm, the lower house, has agreed to the proposal to adjust public pensions once accumulated inflation rate rises over...
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