Warsaw Business Journal (56)

Don’t let yourself burn out! 5 scientific methods to avoid professional burnout

Just as it’s hard to cut anything with a blunt knife, when you burn out at work, you cannot achieve your goals. Overworking and stress are the main causes of professional burnout. Do not think that this problem does not concern you. Poles are a society which is working its way up and over 40% ...

BBI signs major tenant for Centrum Marszałkowska in Warsaw

A debt buying company whose name has not been revealed has leased a total of more than 5,200 sqm of office space on four floors in the Centrum Marszałkowska mixed-use project that Warsaw Stock Exchange-listed developer BBI Development is now developing in...

Poland with third largest net logistics take-up in Europe in H1

The total net take-up in the logistics property market in Poland reached 1.3 million sqm in the first half of this year, which is the third best result in Europe, according to the latest report by JLL. Only Germany and the Netherlands saw higher net take-up leve...

30 casualties in road accidents during the long weekend

According to the police statistics, 30 people were killed on Polish roads during the August long, 5-day-long weekend. Another 610 were injured in 468 accidents, police stopped over 1,500 drunk drivers.

Poland wants to have 4.5 GW of nuclear capacity by 2040

According to the Minister of Energy, Krzysztof Tchórzewski, Poland wants to have 4.5 GW nuclear power capacity by 2040. He added that Warsaw should be able to finance the construction itself, but the technology will be purchased in the tender, “the choice of equipment will be such as to ...

Lotos eyes US oil

WSE-listed, state-owned gas giant Lotos is considering buying oil in the US, although doesn’t expect first deliveries this year. “We are working intensively on opening up the US routes when it comes to oil,” company’s deputy CEO Jarosław Kawula said.

EU subsidies reach PLN 117.9 bln

The value of EU subsidy applications submitted by August 16 amounted to PLN 235.4 billion, according to data released by the Ministry of Development. Till mid-August, 20,873 contracts for the EU co-financed projects amounted to PLN 117.9 billion in EU subsidies.

Penta completes first office project in Poland

Investor Penta Investments has completed its D48 project in Warsaw, which is the first office scheme of the company in the Polish market. Tenants are expected to start moving into the building in October. The development is located at the intersection of ul. Domaniewska and ul. Postępu in the ...

WSE suspended trading of six companies

WSE decided to suspend trading of Elkop shares on the main market between August 25-September 6. The bourse also suspended trading on shares of five companies listed on the small-cap, alternative market NewConnect: Alkal, Dase, Ekokogeneracja, Loyd and Polscy Inwestorzy, starting from August 18.

FootFall index up by 3.2% in July

The number of customers visiting commercial centers increased by 3.2 percent in July y/y, according to global retail intelligence expert FootFall Index.

Employment and wages growth continues in July – GUS

According to data released by the Polish Central Statistical Office , the average employment in July grew by 4.5 percent year-on-year, while the wages grew by 4.9 percent. In month-to-month terms, wages inched down by 0.1 percent, while the employment increased by 0.3 percent.

HICP inflation grows in July – Eurostat

The harmonized index of consumer prices for Poland stood at 1.4 percent year-on-year in July, compared to 1.3 percent in June, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices decreased by 0.2 percent.

KGHM Q2 profit falls

WSE-listed copper and silver giant KGHM posted a PLN 93 million net profit in Q2, down from PLN 135 million profit a year earlier. Revenues amounted to PLN 4.8 billion, up from PLN 4.44 billion last year.

JSW with PLN 566 mln Q2 profit

WSE-listed coal miner JSW had PLN 566.2 million Q2 net profit, beating the PLN 503.5 million expected by analysts polled by the Polish Press Agency . In the corresponding period last year, the company posted PLN 89.3 million loss.

Pbb helps CBRE PFCEE refinance Warsaw shopping mall

Lender pbb Deutsche Pfandbriefbank has provided the CBRE Property Fund Central and Eastern Europe investment fund with a €63-million loan, which will be used to refinance the Wars Sawa Junior shopping center in downtown Warsaw. “The deal underlines our continued strong interest in the C...

Electricity consumption up 2.3% y/y in July - grid operator PSE

Electricity consumption increased by 2.3 percent y/y in July to 13.428 GWh, while production grew by 1.9 percent y/y to 13.153 GWh, the national grid operator PSE said.

Best with UOKiK approval to takeover Kredyt Inkaso

WSE-listed debt collector Best, received the regulatory approval from the antitrust watchdog UOKiK to takeover its competitor Kredyt Inkaso. This way, the last regulatory hurdle to complete the tender for its shares have been cleared.

Brand24 mulls IPO

The shareholders of software firm Brand24 changed the company’s status in a move aimed at prepping the company for the stock debut on the small-cap, alternative NewConnect market, the company announced.

BizTech Konsulting to debut on NewConnect on August 21st

IT consulting firm BizTech Konsulting will debut on the small-cap, alternative market NewConnect next Monday, the WSE announced.

Open Finance with PLN 9.38 mln Q2 loss

WSE-listed financial advisory firm Open Finance recorded a PLN 9.38 million net loss in Q2, compared to a PLN 23.64 million loss the year before.

GDP growth at 3.9% in Q2 – flash estimate

Poland’s gross domestic product grew by 3.9 percent year-on-year in the second quarter of 2017, according to a flash estimate published by the Central Statistical Office . The quarter-to-quarter growth was at 1.1 percent.

Bytom with PLN 5.6 mln Q2 net profit

WSE-listed fashion retailer had a PLN 5.6 million net profit in Q2, up by 29.4 percent y/y, and a 500 percent q/q loss. The H1 net profit at PLN 4.2 million was down by 13 percent y/y.

PZU expects over 30k claims after last week’s storms

WSE-listed, state-run insurer PZU expects the total number of claims filed in the aftermath of last week’s storm to “significantly exceed 30k,” the company said. So far the number of property and farm damage claims reached 16k, while the number of vehicle damage claims is in the 6k ...

Retail investors on the rise on the WSE

Retail investors share in the turnover on the WSE main market increased in H1 by 5 percentage points y/y to 18 percent. The trade is still being dominated by foreign investors, who are responsible for 52 percent of the bourse turnover . Domestic institutional investor’s ...

Rafako to build power units in Indonesia for €73 mln

WSE-listed industrial builder Rafako won the tender to build two 50 MW coal-fired steam power units in Indonesia for €70.3 million. Rafako’s bid was part of the consortium one and constitutes some 35 percent of the total bid value.

Trakcja signs PLN 417 mln deal with PKP PLK

WSE-listed railway infrastructure builder Trakcja signed a net PLN 417.6 million deal for modernization works on the E20 railway line with railway infrastructure firm PKP PLK. The deal concerns the part of the line linking Siedlce with Terespol and concern modernizing 4 railway stations, two in ...

Energa expects PLN 150 mln boost from the new law on renewables

WSE-listed power utility Energa expects to increase its next year’s earning by PLN 150 million due to a new bill on renewables which affects the pricing of certificates of origin, the company said in a market filing.

Record supply expected in Warsaw office market in 2020 – C&W

A record 430,000 sqm of office space could be completed in Warsaw in 2020 provided that the current economic conditions remain unchanged and developers go ahead with all of their planned projects, according to the latest report by Cushman & Wakefield. By comparison, in the record year 2016, 410,...

Almost 723,000 sqm of office space leased in H1 – JLL

A total of nearly 723,000 sqm of office space was leased in Poland in the first half of this year, which is the best result of the history of the office property market in the country, according to the latest report by JLL. In Warsaw alone, tenants took up 391,400 sqm of office area in the period, ...

Metal riffs on classics. History comes full circle in the designer interiors of Hala Koszyki

It is hard to find a more climatic location for your business in Warsaw than Hala Koszyki. Offices in the former market place, located in the new buildings adjoining the main hall, mesmerize visitors with their clash of history and modern design. A significant part of their magic is created by the ...

T-Bull Q2 profit drops

WSE-listed game developer T-Bull had a PLN 1.14 million Q2 profit, down from PLN 1.26 million recorded last year.

The sixth victim of last week’s storms dies

A 60-year-old woman died in hospital on Tuesday, becoming the sixth casualty of the storm the hit northern and western Poland on Friday. She was hiding in the shed along with her husband when the building collapsed. She was taken to a nearby hospital where she eventually passed away. Her husband ...

Slovakian PM: our vital interest is the EU, not Visegrad Group

Slovakian PM Robert Fico said that it’s in Bratislava interest to be a part of a deeply integrated core EU, not with the Visegrad Group. “The fundamentals of my policy are being close to the core, close to France, to Germany. I am very much interested in regional cooperation within the ...

August inflation to reach 1.8% y/y – development ministry

Consumer inflation rate should reach 1.8 percent growth y/y in August, according to a forecast published by the development ministry. In July the inflation stood at 1.7 percent y/y.

Best extends Inkaso tender

WSE-listed debt collector Best extended its tender offer for 4.27 million Kredyt Inkaso shares till August 17, as it still did not secure the antitrust watchdog approval for the takeover, the company said in a market filing.

Inbap looking for Biała Podlaska mall contractor

Investment fund Inbap is now in the process of selecting a general contractor for the planned Rywal IV shopping center project in Biała Podlaska in eastern Poland. The two-floor scheme will be developed on ul. Narutowicza and will comprise a total of more than 9,000 sqm of space. It will include ...

Talanx with €225 mln Q2 net profit

WSE-listed insurance group Talanx posted a €225 million net profit in Q2 according to the company's financial results, raising the H1 profit to €463 million. “All departments contributed to a satisfactory increase in the result, particularly the retail segment...

Duda signs renewable power bill into law

President Andrzej Duda signed into law a controversial bill on renewable energy which rejigs substitution fees for power sales not covered by certificates of origin.

Base inflation flat at 0.8% in July - NBP

Poland’s base inflation amounted to 0.8 percent in July y/y. In m/m terms, it remained unchanged, according to data released by Poland’s Central Bank NBP. Other measures published by NBP, remained either flat as well, or went up, including without administrative pr...

Open Finance buys 2.78% stake in Noble Funds TFI for PLN 8.5 million

WSE-listed finance advisory firm Open Finance bought 5,170 registered D series shares of Noble Funds TFI, representing 2.78 percent of the company’s stake for PLN 8.5 million from LC Corp.

Eurostat: industrial production up by 6.9% in June

Seasonally adjusted industrial production in Poland increased by 6.9 percent year on year in June, according to data published by Eurostat.

LOT delivers Polish hyperloop capsule to Los Angeles

Polish state-owned airline LOT delivered Polish build hyperloop capsule to Los Angeles for a global competition organized by SpaceX. The capsule was designed and built by students of Warsaw and Wrocław University of Technology who formed a Hyper Poland University Team and advanced to the finals.

Diament Plaza hotel in Katowice to be expanded

Diament Investment has contracted construction company Warbud to expand the existing Diament Plaza four-star hotel in downtown Katowice. The builder will construct a new five-floor building with 89 rooms as well as add two floors to the existing hotel building on ul. Dworcowa. Construction work on ...

Poland with 8 medals in IAAF World Championships

Polish athletes won eight medals in the track and field IAAF World Championships held in London. Hammer throwers Anita Włodarczyk and Paweł Fajdek won the two gold medals, with Paweł Lisek and Adam Kszczot . Polish female 4×400 relay, Malwina Kopron and Wojciech Nowicki...

Five dead in storms across Poland

Five people, including two teenage girl scouts, were killed and more than 30 were injured as a result of falling trees in a series of severe storms that hit Poland on Friday night.

WSE excludes Inwestycje Alternatywne Profit from NewConnect trading

The Warsaw Stock Exchange has excluded the shares of Inwestycje Alternatywne Profit from the trading on the small-cap, alternative market NewConnect starting on Monday.

Poles use ad blocking software the most

According to a report compiled by Onudience.com, Poles remain the nation with the most ad block plug-ins users. As many as 46 percent Poles use such software, followed by Greeks and Norway .

Fuel prices highest in 3 months

Average fuel and diesel prices increased by PLN 0.02, according to BM Reflex, a fuel branch consultancy company, while LPG prices remained unchanged.

KUKE: Bankruptcies up by 7.4% in July

The number of bankruptcies in July totaled 58, an increase of 7.4 percent y/y, according to data from the Export Credit Insurance Corporation . In month-to-month term, the figure increased by 20.8 percent.

BGK grants PLN 40.95 bln ‘de minimis’ guarantees

Poland's state-owned lender BGK has granted PLN 40.95 billion in guarantees for loans worth some PLN 72.74 billion issued to SMEs as of end-July under the state program of 'de minimis' credit guarantees, the bank said.