Developer 7R has launched construction work on its Beskid Park logistics park project in Czechowice-Dziedzice in Silesia, which will consist of two warehouse buildings comprising a total of approximately 30,000 sqm of space. The scheme is scheduled to be completed in the first quarter of next year ...
Toru√Ö¬Ą Plaza shopping center sold for over √Ę¬ā¬¨70 mln
Developer Plaza Centers has finalized the sale of the Toru√Ö¬Ą Plaza shopping and entertainment center in Toru√Ö¬Ą in northern Poland to a private investment fund. The value of the transaction, in which the seller was advised by Colliers International and JLL, amounts to more than √Ę¬ā¬¨70 million. ...
Yareal eyeing Soho residential site in Warsaw
Warsaw Stock Exchange-listed investor Soho Development has revealed that it is now in talks with developer Yareal Polska regarding the planned sale of a residential site located on ul. Mi√Ö¬Ąska in the Praga Po√Ö¬āudnie district of the Polish capital, within the company√Ę¬Ä¬ôs Soho Factory complex. ...
AFP to buy five Panattoni schemes for √Ę¬ā¬¨42 mln
South African investment fund AFP purchased 5 logistic centers from Panattoni for √Ę¬ā¬¨41.9 million. √Ę¬Ä¬úThe deal on the Polish market is complementary to our strategy of investing in real estate with a long lease period, strategic for large, international and regional companies,√Ę¬Ä¬Ě AFP ...
Medicalgorithmics with Q3 profit
WSE-listed medical diagnostic device producer Medicalgorithmics recorded PLN 11.27 million consolidated net profit in Q3 compared with PLN 5.6 million profit a year earlier, the company said in a market filing. EBIT was at PLN 14.09 million, up by 58.7 percent y/y, while revenues amounted to PLN ...
Creepy Jar sets IPO price
NewConnect-bound game developer Creepy Jar has set a PLN 65 per share price tag in its bookbuilding process and has started the subscription for its shares that will run till November 27, the company said in a market filing. Creepy Jar plans to sell nearly 33k new series C shares to retail ...
The number of public tenders on the rise - UZP
The number of published public tenders in October increased by 44 percent y/y to 27,284, according to data released by the Public Procurement Office UZP. At end-October that number reached 230,461 representing a 13 percent y/y increase.
KNF revokes FinCrea TFI license and slaps PLN 5 mln fine
Financial Supervision Authority KNF revoked investment fund FinCrea TFI operating license and put a PLN 5 million fine for failing to supervise some of its portfolios.
KNF raises mBank√Ę¬Ä¬ôs FX mortgage capital buffer
The Financial Supervision Authority KNF asked WSE-listed mBank to raise its FX-denominated mortgage buffer to 4.10 pps, from the previous 3.81 pps. Of the buffer, 75 percent is to be maintained in Tier 1 capital and 56 percent in Core Tier 1 capital.
Poland's state-owned lender BGK has granted PLN 43.17 billion in guarantees for loans worth some PLN 76.7 billion issued to SMEs as of end-October under the state program of 'de minimis' credit guarantees, the bank said.
Unibep with PLN 68 mln deals with GDDKiA
WSE-listed builder Unibep signed two road construction deals with road authority GDDKiA worth PLN 68 million with PLN 65.6 million allocated to Unibep, the company said in a market filing. Both deals concern road work in Podlaskie voivodship, with the first one worth PLN 54.8 million net (with PLN ...
GUS: Consumer sentiment grows in November
In November, the consumer confidence indicator increased by 0.8 percentage points compared with last month, according to a report by Central Statistical Office . Now it stands at the level of 5.4. Compared to last year, the indicator is up by 7.8 percentage points
Energy prices in Poland to remain stable √Ę¬Ä¬ď Moody√Ę¬Ä¬ôs
Polish wholesale power prices to reach PLN 160-180 per MWh through 2022, according to Moody√Ę¬Ä¬ôs. The country√Ę¬Ä¬ôs fuel mix will continue to be dominated by coal and renewables growth will be restricted.
AmRest to open 300 restaurants next year
WSE-restaurant operator AmRest maintains its target to open over 200 restaurants this year, and plans to open over 300 next year, company√Ę¬Ä¬ôs management board member Wojciech Mroczy√Ö¬Ąski said. √Ę¬Ä¬úIn 2017 we focus on developing the Pizza Hut and KFC chains on new markets. In Q3 we completed ...
CD Projekt Q3 profit drops
WSE-listed game producer CD Projekt had PLN 35.73 million consolidated net profit in Q3, which is 2.4 percent less y/y. Operating profit amounted to PLN 43.17 million , while revenues stood at PLN 84.89 million . V
New tenant at Warsaw√Ę¬Ä¬ôs Astrum Business Park
Freight forwarder Eurogate Logistics has leased 866 sqm of office space at the Astrum Business Park complex in Warsaw. The transaction was brokered by Cushman & Wakefield, which represented Irydion, the owner of the property. Astrum Business Park is located near the intersection of Al. Jerozolim...
More Atal apartments on sale in Wroc√Ö¬āaw
Warsaw Stock Exchange-listed developer Atal has launched apartment sales in the second phase of its Nowe Miasto R√É¬≥√Ö¬ľanka residential project in Wroc√Ö¬āaw. On offer are a total of 250 housing units in two buildings, which are scheduled to be completed in the final quarter of 2019. Apart from ...
Scouring the web
100 milliseconds is not a lot of time, yet that is how long an auction for an advertising spot takes. With big data analytics, advertisers no longer have to choose randomly which spots to bid for. And as many examples show, intuition can be flawed: if you want to sell men√Ę¬Ä¬ôs deodorant, ...
Ogrodowa Office in √Ö¬Ā√É¬≥d√Ö¬ļ topped out
General contractor Unibep has held a topping-out ceremony at the construction site of the Ogrodowa Office project, which Warsaw Stock Exchange-listed investor Warimpex is now developing in downtown √Ö¬Ā√É¬≥d√Ö¬ļ. The seven-floor scheme is scheduled to be completed in the spring of next year. The ...
Szyszko: We can√Ę¬Ä¬ôt be fined for logging in Bia√Ö¬āowie√Ö¬ľa
According to the Environment Minister Jan Szyszko, Poland can√Ę¬Ä¬ôt be fined for logging in the primeval Bia√Ö¬āowie√Ö¬ľa forest as it has been abiding by the EU laws. √Ę¬Ä¬úWe do not face any penalties and this is clearly stated in the provisional application that we received from the European ...
Average Pole to spend PLN 882 on Christmas - report
This year Poles intend to spend PLN 882 on average on gifts, food, and meetings with their close ones on Christmas, which is 2 percent more than last year, according to a study by consulting firm Deloitte. It was added that we would like to spend more on gifts than on food. Last year, Poles ...
Court declares Alma bankrupt
The District Court in Krak√É¬≥w declared WSE-listed retailer Alma bankrupt and approved the terms of sale of part of its assets to Immomok for PLN 94 million net, Alma said in a market filing.
EU to abolish geoblocking in e-commerce
The EU has agreed to abolish geoblocking in online retail trade. After the new regulation come into force, customers from the whole bloc will be able to purchase goods and services on any website in the EU, without being redirected to local sites with differing prices. √Ę¬Ä¬úRemoving unjustified ...
GetBack acquires √Ę¬ā¬¨246 mln Spanish debt portfolio
WSE-listed debt collector GetBack won the tender to buy debt portfolios with a combined nominal value of √Ę¬ā¬¨246 million from an unnamed Spanish bank, the company said in a market filing.
Polish non-financial firms earnings up 7.9% y/y √Ę¬Ä¬ď GUS
Polish non-financial enterprises earned net PLN 95.9 billion at end-Q3, up 7.9 percent y/y, while investment outlays dropped by 1 percent to PLN 80.2 billion, data from Poland's Central Statistical Office showed.
PGG to invest PLN 750 mln on modernization of processing facilities by 2030
State-owned, biggest coal miner Polska Grupa G√É¬≥rnicza will invest some PLN 750 million by 2030 on the modernization of processing facilities in order to improve coal quality and meet market requirements, company√Ę¬Ä¬ôs CEO Tomasz Rogala said.
AmRest Q3 profit grows
WSE-listed restaurant operator AmRest posted a PLN 85.25 million attributable net profit in Q3, above consensus expectations for PLN 70 million, and up by 36.5 percent y/y.
PGNiG signs deal for LNG supplies from the US
WSE-listed, state-owned gas giant PGNiG signed a 5-year deal with Centrica LNG Company Limited for the deliveries of US LNG.
LPP confirms its Q3 net profit
WSE-listed fashion retailer LPP had a PLN 85 million net profit in Q3 confirming its early estimates. Last year, the company had PLN 6.49 million loss. The group√Ę¬Ä¬ôs consolidated revenue stood at PLN 1.81 billion, a 22 percent y/y growth, while EBIT amounted to PLN 103 million compared to PLN 4.8 ...
Asseco with PLN 288 mln Q3 net profit
WSE-listed IT group Asseco had PLN 288.6 million net profit in Q3, up from PLN 82.1 million last year, but slightly below the PLN 295.3 million market consensus. Revenues amounted to PLN 1.24 billion, down by 34.7 percent y/y, while EBITDA amounted to PLN 172.7 million, down by 38.5 percent y/y.
Panattoni completes huge Amazon project near Szczecin
Developer Panattoni Europe has finished construction work on an over 161,500-sqm logistics center project at Ko√Ö¬ābaskowo near Szczecin in north-western Poland, which will be used by e-commerce company Amazon. This is the fourth built-to-suit scheme to have been completed by Panattoni Europe for ...
Northern Aerospace planning PLN 43-mln project in south-eastern Poland
Aircraft components manufacturer Northern Aerospace plans to build a new production and warehouse project on an almost three-hectare site located in the Trzebownisko Subzone of the Special Economic Zone Euro-Park Mielec in south-eastern Poland. The company wants to invest over PLN 43 million in the ...
Ronson Development with new CEO
Nir Netzer has been appointed as the new CEO of Warsaw Stock Exchange-listed residential developer Ronson Development. He has replaced Tomasz √Ö¬Āapi√Ö¬Ąski who tendered his resignation in September, but continued to perform his duties until now to ensure a smooth succession. The management board of ...
Challenges vs. opportunities
With historically low unemployment, employers are hard pressed to find the talent they need. Not only do they have to use innovative candidate-sourcing techniques, but they should also pay more attention to employer branding and increasing employee loyalty. Which industries are facing the biggest ...
UnionPay to issue cards in Poland
Chinese banking card payment processor UnionPay signed a strategic deal with Portuguese Banco Comercial Portugues to issue its payment cards on the markets where the bank operates. BCP is the owner of WSE-listed Bank Millennium. Besides Poland and Portugal, BCP operates in Switzerland, Angola,...
Gino Rossi with PLN 3.3 mln Q3 loss
WSE-listed fashion retailer Gino Rossi recorded a consolidated net loss of PLN 3.32 million in Q3, compared to PLN 3.41 million loss a year earlier, the company said in its report.
Comarch with Q3 loss
WSE-listed IT group Comarch had a PLN 3.6 million consolidated net loss in Q3, down by 142.9 percent y/y. EBIT pummeled by 31.8 percent to PLN 7.2 million. Revenues were up by 16.3 percent to PLN 260.5 million.
Treasury debt inches down in October
The debt of the State Treasury of Poland dropped in October by PLN 8.7 billion , to PLN 932 billion, the Ministry of Finance said. Since the beginning of the year, the treasury debt has increased by PLN 34 billion, the ministry said.
Retail sales up by 8% in October√Ę¬Ä¬ď GUS
Retail sales increased in October by 8 percent year-on-year and 3.3 percent m/m, according to GUS. Market consensus prepared by the Polish Press Agency , saw the sales increase by 8.1 percent y/y and 3.4 percent m/m.
Industrial production up by 12.3% in October √Ę¬Ä¬ď GUS
The industrial production in October increased by 12.3 percent y/y, while m/m it grew by 5.1 percent, according to Central Statistics Office GUS.
Housing construction up by 4.5% in October √Ę¬Ä¬ď GUS
In October, the number of dwellings in which construction has started increased y/y by 4.5 percent to 16,275, according to data released by the Central Statistics Office , in m/m terms it contracted by 4.2 percent. Moreover, the number of dwellings completed decreased by 6.4 percent y/y to 15,5...
Poland loses race to host two EU agencies
Poland won√Ę¬Ä¬ôt be a new home to European Medicines Agency or European Banking Authority as it failed to secure enough votes to get through to the second round. Both election processes were very close and needed three rounds of voting which both ended in a tie. The final decision was made by ...
ECJ orders Poland to halt Bia√Ö¬āowie√Ö¬ľa logging immediately
The European Court of Justice court ruled on Monday that Warsaw would be fined √Ę¬ā¬¨100,000 for every day it continues logging in the primeval Bia√Ö¬āowie√Ö¬ľa forest.
FKD wants to be traded on WSE main market
Listed on the small-cap, alternative NewConnect market Fabryka Konstrukcji Drewnianych has started the necessary work to switch its shares to the WSE√Ę¬Ä¬ôs main market, the company said in a market filing. √Ę¬Ä¬úWithin these activities, the Management Board intends to conclude agreements with the ...
OFEs interest in bonds soars in October
Polish pension funds increased their fixed income allocation by 7.6 percent m/m, putting it at 8.5 percent, Financial Market Authority data showed. The bulk of it was spent on local government bonds and covered bonds . Equities, which at end-Octo...
US approves Patriot sale to Poland
The US State Department approved a potential $10.5 billion sale of Raytheon Patriot missile defense system to Poland.
Green Factory expands in Sosnowiec
Logistics company Green Factory Logistics has renewed its lease of 1,800 sqm of warehouse space in the √Ö¬öl√Ą¬Öskie Centrum Logistyczne complex in Sosnowiec, which is owned by investor Biuro Inwestycji Kapita√Ö¬āowych. The tenant has also taken up an additional 2,700 sqm in the location. The ...
Major tenant stays at Hines logistics park
Metal products distributor thyssenkrupp has rewened its lease of a total of 6,260 sqm of warehouse and office space at the Distribution Park Sosnowiec logistics park in Silesia, which is owed by Hines Global REIT and asset- and property-managed by Hines Polska. The tenant will stay in the location ...
Girls go start-up! Academy second edition launched
The second edition of the Girls go start-up! Academy program was launched on November 6. The 12-months mentoring and training program is aimed at women interested in founding their own tech start-up. The program is primarily directed at female STEM ...
Regus with another location in Warsaw
Flexible workplace solutions provider Regus has leased 950 sqm of office space in the Villa Metro building in Warsaw√Ę¬Ä¬ôs Mokot√É¬≥w district and plans to launch its new business center there in the second quarter of next year. JLL advised the tenant during the process of selecting the location ...