The luxury residential real estate market in Poland has continued to grow steadily over the past few years. As Poles become more and more affluent, the prospects for this niche sector remain positive By Adam Zdrodowski Poland’s luxury residential property market has seen stable growth in recent years with the growing [...]
Fri, Jul 21, 2017 2:47:00 PM, Continue reading at the source
After 15 years of development, the outlet center market in Poland is not expected to see many new project openings in the near future. This does not mean that the sector is not in for major changes By Adam Zdrodowski There are now 14 existing outlet centers in Poland, which, according to [...]
Fri, Jul 21, 2017 1:11:00 PM, Continue reading at the source
WSE-listed restaurant operator AmRest enjoyed a Q2, 27.2 percent y/y revenue increase to PLN 1.24 billion, the company said in a market filing of preliminary data. For the CEE region, sales were up by 15 percent y/y to PLN 617 million. Russian operations amounted to PLN 150 million revenue, up [...]
Thu, Jul 20, 2017 8:57:00 PM, Continue reading at the source
The Polish parliament voted against holding a nation-wide referendum on the government’s school reform program with 236 MPs against, and 210 in favor of the bid. The referendum bid was organized by the teachers’ unions which gathered 910,000 signatures under the petition to hold the vote on the reforms. The [...]
Thu, Jul 20, 2017 8:50:00 PM, Continue reading at the source
The European Council President and former PM Donald Tusk sent a letter to President Andrzej Duda, asking him “for an urgent meeting to discuss the dangerous consequences for Poland’s standing on the world stage.” The request for the meeting was denied by the president’s office saying that “the reforms to [...]
Thu, Jul 20, 2017 8:38:00 PM, Continue reading at the source
The World Games sporting event has started in Wroclaw with the opening ceremony on Thursday. The games, dubbed by some as “the biggest sporting event you’ve never heard of,” are an international multi-sport event, meant for sports that are not contested in the Olympic Games, although are organized in cooperation [...]
Thu, Jul 20, 2017 8:23:00 PM, Continue reading at the source
WSE-listed real estate developer Echo Investment signed a preliminary deal to sell the Sagittarius Business House office scheme in Wrocław to a German fund W-HIH Immo Invest. The deal is worth €56 million, but could be increased to €63 million if at least 80 percent of space in the building [...]
Thu, Jul 20, 2017 8:06:00 PM, Continue reading at the source
WSE-listed, state-owned utility Tauron has been sued by wind farm company Gorczyca Wind Invest for terminating a long-term contract for the deliveries of electricity and green certificates by Tauron subsidiary Polska Energia – Pierwsza Kompania Handlowa. Wind Invest is demanding PLN 39.7 million in damages and PLN 466 million in [...]
Thu, Jul 20, 2017 7:53:00 PM, Continue reading at the source
The Polish government will replace the de minimis guarantee system with the new National Guarantee Fund and expects it to grant PLN 9 billion in guarantees per annum, which would translate into PLN 16 billion loans from the lenders. “Instead of a program renewed annually by the government, we want to [...]
Thu, Jul 20, 2017 7:44:00 PM, Continue reading at the source
WSE-listed railway infrastructure builder ZUE signed a gross PLN 457 million (net PLN 371.6 million) deal for works on the 1 railway line with railway infrastructure firm PKP PLK. The deal concerns the part of the line linking Częstochowa with Zawiercie. After the works are completed, passenger trains will be [...]
Thu, Jul 20, 2017 6:53:00 PM, Continue reading at the source