Locked content JLL: Warsaw still needs investment in retail

Though the first half of this year was “very calm” for the retail property sector in the Warsaw agglomeration, the second will bring the launch of a number of new projects, according to Anna Wysocka, head of retail agency at JLL. In her opinion, there is still demand for new retail investments, of d...

Locked content Pernod Ricard to expand in Poland

Alcoholic beverages group Pernod Ricard Polska plans to expand on the Polish market, especially in the premium segment, the company’s CEO Guillaume Girard-Reydet told ISBnews. “In the 2013/2014 financial year we increased Polish revenue by 13 percent despite the growth of the excise tax on spirits t...

Locked content Ciech to invest in Thailand

Ciech, a Polish pesticides producer has registered its products, produced by a subsidiary Organika-Sarzyna, in Thailand, reports Parkiet daily. Ciech plans to produce other products, including synthetic sodium, in North America, Africa and South-east Asia. A pesticides factory in Vietnam is also tak...

Locked content Central bank reserves at €77.4 billion

As of the end of August 2014, the National Bank of Poland’s official reserve assets stood at €77.4 billion, €98 million higher than at the end of July, the NBP said. When calculated in US dollars, the reserve assets were $102 billion compared to $103.5 billion at end-June. The NBP invests foreign cu...

Locked content NATO summit 2016 to be held in Warsaw

The next NATO summit, in 2016, will take place in Warsaw, Poland, Polish President Bronisław Komorowski said on Friday, during a press confenerence with NATO Secretary General Anders Fogh Rasmussen. Rasmussen expressed satisfaction about Poland hosting the event. He also confirmed the information ab...

Locked content Mid Europa to invest PLN 2.5 bln in Poland

Private equity firm Mid Europa Partners will invest some PLN 2.5 billion within the next few years, the company’s managing partners told Puls Biznesu. “We will get engaged into several large projects,” senior partner Zbigniew Rekusz told the daily. The company has raised €800 million for its new PE ...

Locked content ARP sold 300 mln Polimex shares to SPV

The Polish Industrial Development Agency (ARP) sold 300 million shares in troubled construction company Polimex-Mostostal to subisidary SPV Operator, the agency announced Friday. The shares constitute 20.44 percent of Polimex-Mostostal initial capital. “The transaction was conducted outside of the r...

Locked content AXA to buy BRE Ubezpieczenia – paper

French insurance giant AXA is close to acquiring BRE Ubezpieczenia, the insurance unit of lender mBank, according to sources quoted by Puls Biznesu. The acquisition also involves bancassurance cooperation with the seller. “AXA won the auction for BRE Ubezpieczenia. It is offering PLN 500 million for...

Locked content UOKiK: few complaints about travel agencies

In 2014 Poles filed few complaints about travel agencies to the Polish Office of Competition and Consumer Protection (UOKiK), the watchdog said on Friday. Most of the complaints addressed such matters as the agencies’ default to fulfill the terms and conditions of the agreement, e.g. wrong hot...