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Gant shrouded in controversy

Financial Supervision Authority is examining the controversy around developer Gant, which has published a number of contradictory statements this week, causing major fluctuations in the company’s stock price.

Locked content No confidence votes moved to Friday

The Sejm will consider no confidence motions filed by main opposition party Law and Justice on Friday and not on Wednesday, Polish Television reported. The votes will be separately against Interior Minister Bartłomiej Sienkiewicz and the government as a whole. The parliament will debate both motions...
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Locked content HB Reavis launches phase two of GBC

Slovakian developer HB Reavis has launched phase two of its Gdański Business Center office project, located north of Warsaw’s city center. The second stage will comprise two buildings, altogether offering 50,000 sqm of class A office space, designed by Hermanowicz Rewski Architekci. It is scheduled ...
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Poland may still benefit from shale gas – Deloitte

Poland, as well as Romania, the United Kingdom and Ukraine, are likely to be successful in their quest for shale gas, Deloitte said in its Oil and Gas Reality Check 2014 report. Energy from shale fuels could allow these countries to become less dependent on Russian gas, the analysts said.

Locked content Ghelamco to issue PLN 200 million worth of bonds

Ghelamco Invest has launched public offer of its series PC bonds with face value at PLN 100,000 each. The total value of the issue is up to PLN 200 million. The company has directed its issue at investors purchasing at least PLN 500,000 worth of bonds each. Investors have until July 10 to subscribe ...
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Locked content Grupa Waryński with permit for EQlibrium

Developer Grupa Waryński has obtained a valid building permit for the construction of office scheme EQlibrium, which will be located in Warsaw’s Wola district. The construction will be launched in Q3 2014, the company said in a statement. The building will feature 9,878 sqm of class A office and ret...

Locked content OECD’s indicator for Poland drops in May

The Composite Leading Indicator (CLI) for Poland amounted to 100.72 points in May 2014, compared to 100.77 points in April, according to data from the Organisation for Economic Co-operation and Development (OECD) quoted by ISBnews. In May 2013 the CLI was at 99.96. The CLI for the euro zone grew to ...

Locked content Four Poles head EP committees

The European Parliament has approved the final composition of its committees, with four Polish MEPs on chairperson positions, according to a news release from the EP. As has been reported earlier, Janusz Lewandowski will head the Committee for Industry, Research and Energy (ITRE) and Czesław Siekier...

Locked content Chojna-Duch: Rates should be cut by 25 bps

Interest rates should be reduced by a further 25 basis points, Monetary Policy Council (RPP) member Elżbieta Chojna-Duch said in an interview with business news station TVN24 Biznes i Świat. In the case of long-term deflation, the RPP should even cut rates by 50 points, the central banker said. Choj...

Locked content Samar: Car production inches up in June

The volume of passenger car and van production inched up by 0.1 percent year-on-year to 53,832 in June, according to data from research firm Samar quoted by ISBnews. In month-on-months terms the volume declined by 1.81 percent. In the first half of 2014, more than 315,500 cars and vans were produced...