Alma Tower
Image : Knight Frank

Locked content Kraków with strongest office demand

Almost 44 percent of the 136,500 sqm space currently under construction in Kraków (64 percent scheduled for completion still in 2014) has been secured by pre-let agreements, outperforming other major cities, where between 18.5 percent and 25.5 percent is pre-let (the exception being Szczecin, with 8...
Paweł TamborskiImage : Ministry of State Treasury

New WSE CEO wants quick decisions on Vienna merger

Paweł Tamborski, who was appointed on Friday as Warsaw Stock Exchange new CEO told reporters that the potential merger with Vienna bourse is one of his priorities. “I would like decisions on the matter to be taken possibly soon,” he stated.

Locked content Sejm approves hydrocarbon tax

Poland’s parliament voted on Friday in favor of adopting a law introducing special taxation of hydrocarbon extraction, the Polish Press Agency reports. The regulation will come into force on January 1, 2016, but the tax itself will be enforced starting from 2020. The hydrocarbon tax rate will be 3 p...

Locked content OFE re-applicants grow in number

The number of re-applicants for private pension funds (OFE) is growing. Until July 24, a total of 906,729 applicants have filed for maintaining a private pension fund account. The number of filings has surpassed 50,000 per day, as we approach the filing deadline of July 31. A recent government decis...
Image : West Real Estate

Locked content Hampton by Hilton hotel will be built in Wrocław

West Real Estate will build a Hampton by Hilton hotel in Wrocław, set to be completed in 2015. The company has already obtained a credit loan for the construction and, through its subsidiary Rialto, signed an agreement with a general contractor. “Research shows that the hotel industry is seeing stro...

Locked content Poland to have its own space agency

Polish parliament voted on Friday to approve setting up the Polish Space Agency (POLSA) with 434 votes in favor and only 3 votes against the motion. POLSA will coordinate the activities of Polish companies and scientists working in the space sector. Its main goal will be to help getting funds for va...

Locked content Azoty to borrow funds for acquisitions

Poland’s fertilizer producer Grupa Azoty will try to acquire loans for acquisitions abroad. The company believes it can finance its takeover projects with PLN 2 billion in debt. The amount is equal to half of annual EBITDA for Grupa Azoty. Azoty are currently the second largest fertilizer prod...