Locked content Procom System may be floated in 2016

Electrical contractor Elektrotim plans to list its subsidiary Procom System on the Warsaw Stock Exchange, but no earlier than 2016, the parent company’s CEO Andrzej Diakun told ISBnews. “The plan to float Procom System is still in the pipeline. We would however like the company to first increase its...

Locked content Rank Progress finalizes sale of mall to Immofinanz

Property developer Rank Progress has signed the final agreement on the sale of a shopping mall project in Piła, northwestern Poland, to Immofinanz Group for PLN 57.7 million net, the company said in a press release on Wednesday. Immofinanz has refinanced the outlays that Rank Progress has already ma...
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FinMin: GDP growth at 3.4% in 2015

Poland’s Ministry of Finance will suggest a 3.4 percent GDP growth forecast for the 2015 budget framework, Finance Minister Mateusz Szczurek was quoted as saying by the Polish Press Agency.

Locked content Gaz-System: Poland with enough gas reserves

Poland has enough gas reserves and will be therefore safe throughout the upcoming winter, the president of Gaz-System Jan Chadam told the IAR news agency. Doubts arose when Russia announced a planned halt on gas transfer through Ukraine in the winter 2014/2015. Chadam also added that Poland not only...

Locked content WSiP buys textbooks brand

Educational publishing house Wydawnictwa Szkolne i Pedagogiczne (WSiP) has acquired rights to the Zamkor brand and 58 educational publications designed by the seller, Wydawnictwo ZamKor, the company said in a press statement. WSiP said that the acquisition would support its product offer in the area...

Locked content PLN 19 billion to be available for infrastructure in 2014

Bank Gospodarstwa Krajowego (BGK), a state-owned bank, will earmark PLN 19 billion by the end of 2014 for investment credits supporting industrial and logistics infrastructure, Włodzimierz Karpiński, Poland’s Minister of State Treasury, told the Sejm on Tuesday. The undertaking will guarantee PLN 30...
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More births in Poland – GUS

The number of births in Poland increased in H1 of 2014 by 3.3 percent (5,500) as compared to the same period of 2013 and currently amounts to 186,900 children, according to data from the Central Statistical Office (GUS).

Image : Kraków Business Park

Locked content Kraków Business Park may go on sale

Kraków Business Park (KBP), a bankrupt company operating one of the largest office complexes in Poland, may soon go on sale, reports Puls Biznesu. The asking price may be as high as PLN 360 million, covering the value of the company’s shares and its debt. “The court must approve the valuation and th...

Locked content PZU publishes Q2 2014 results

The consolidated net profit of Poland’s largest insurer PZU in the second quarter of 2014 increased to PLN 959,9 million from PLN 837,2 a year before, the company reports. PZU’s profit was slightly higher than market expectations, which assumed it to be PLN 904,7 million. The predictions...