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OUTLOOK 2021 Lithuania
EBRD says loan to Estonia’s controversial Porto Franco project was never disbursed
Czech MPs pass protectionist food law in violation of EU rules
M&A in Central and Eastern Europe fell 16% in value in 2020, says CMS report
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COVID-19 and Trump’s indifference helped human rights abusers in 2020
OUTLOOK 2021 Poland
OUTLOOK 2021 Slovakia
BRICKS & MORTAR: Rosier future beckons for CEE retailers after year of change and disruption
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BALKAN BLOG: Superstition and resentment surround vaccination plans
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BALKAN BLOG: US approach to switch from quick-fix dealmaking to experience and cooperation
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OUTLOOK 2021 Moldova
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World Bank revises projection for Moldova’s 2020 GDP decline to 7.2%
North Macedonia plans to cut personal income tax in IT sector to zero in 2023
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OUTLOOK 2021 Romania
OUTLOOK 2021 Slovenia
Slovenia’s opposition files no-confidence motion against Jansa cabinet
Slovenia’s government to release funds to news agency STA after EU pressure
UK Moneyhub picks Slovenia for post-Brexit European base
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CAUCASUS BLOG : What can Biden offer the Caucasus and Stans, all but forgotten about by Trump?
Armenia ‘to extend life of its 1970s Metsamor nuclear power plant after 2026’
OUTLOOK 2021 Armenia
COMMENT: Record high debt levels will slow post-coronavirus recovery, threaten some countries' financial stability, says IIF
OUTLOOK 2021 Georgia
Iran’s Khamenei menaces private citizen Trump with image of aircraft shadowing blond golfer
Iran’s technology minister indicted for failing to properly implement internet censorship
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TEHRAN BLOG: Will Biden bet on a quick return to the Iran nuclear deal?
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OUTLOOK 2021 Tajikistan
OUTLOOK 2021 Turkmenistan
Turkmenistan: How the Grinch stole New Year
COMMENT: Uzbekistan is being transformed, but where are the democratic reforms?
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Poland-based parcel locker operator InPost will carry out an initial public offering (IPO) on Euronext Amsterdam, the company said on January 13.
The announcement confirms earlier speculation of the IPO, which could come as soon as February and value the company at €7bn-€8bn. InPost wants to capitalize on surging demand for parcel services at a time when millions of European consumers have switched to online shopping during COVID-19 (coronavirus) lockdowns.
InPost is eyeing expansion in the UK – where it already operates over 1,100 APMs – and “tap into new international markets in continental Europe,” it said in a statement.
“The intended [IPO] will consist of a private placement of existing shares to institutional investors in various jurisdictions,” the company said. BlackRock, Capital World Investors and GIC have already offered to buy just over €1bn worth of InPost shares.
InPost is the leader in the Polish e-commerce logistics market and the preferred APM delivery company for merchants and consumers in Poland. InPost handled 249mn parcel deliveries through more than 12,200 of its Polish APMs last year.
The company’s share of the domestic B2C [business to consumer] delivery parcel volume in Poland more than doubled from 21% in 2017 to 43% last year. In effect, the company’s revenue doubled y/y to PLN1.67bn (€377mn) as of the third quarter.
“The intention is to potentially become listed in February, if all goes well,” InPost’s CEO Rafal Brzoska told Reuters.
The European Investment Bank (EIB) launched a new €100mn loan to the Polish company Pekao Leasing for the financing of small and medium-sized enterprises, the EIB said on January 19. In ... more
The European Bank for Reconstruction and Development (EBRD) has provided a loan of PLN117mn (€26mn) to a joint-venture of Finland’s investment fund Taaleri Energia and Masdar from the United Arab ... more
Poland’s anti-monopoly watchdog UOKiK blocked the takeover of media group Eurozet by one of Poland’s largest media companies, the Warsaw-listed Agora, UOKiK said on January 7. The decision was ... more
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