Olsztyn shopping malls with higher vacancies – Colliers

Vacancy rate in shopping centers in Olsztyn (northeastern Poland) increased to 2.9 percent at the end of 2016, up from 1.5 percent in December 2015.  Rents are under slight downward pressure, due to the increasing competition in the market and the prevalence of “tenant market,” a recent ...

Locked content Ciech profits up. No planned dividend payout

WSE-listed chemical group Ciech had a PLN 593 million net profit in 2016, up from PLN 343 million in 2015. EBITDA grew to PLN 883.8 million from PLN 707.5 million the year before, while revenues increased to PN 3.46 billion, from PLN 3.27 billion y/y. In key segment, the core soda business generated...
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Poland promises to fight idea of multi-speed Europe at EU summit

According to the ruling Law and Justice (PiS) leader Jarosław Kaczyński, Poland will “put up the fight” to stop the idea of multi-speed Europe. “We cannot accept any announcements of a two-speed Europe. This would mean either pushing us out of the European Union or downgrading us to an inferior cate...
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Tusk: I will present Brexit guidelines within 48 hours

After British PM Theresa May announced that she will trigger Article 50 on March 29, which will start the two-year long process of the UK leaving the European Union. European Council President Donald Tusk said that he will present necessary guidelines within the next two following days. “Within 48 h...

Locked content PO closing the gap on PiS – IBRiS poll

According to the latest IBRiS poll, conducted for the Rzeczpospolita daily, the ruling Law and Justice (PiS) party would enjoy 29 percent support (down by 5 percentage points), while CIvic Platform (PO) support reached 27 percent (up by 10 pp). Support for Nowoczesna remained unchanged at 9 percent....

Eurostat: Labor costs up 5.4% in Q4

Nominal hourly labor costs in Poland grew by 5.4 percent year-on-year in the fourth quarter of 2016, the EU’s statistics office Eurostat said in a data release. Wages grew by 5.4 percent and non-wage costs grew by 5 percent.

Locked content Estonian Inbank launches services in Poland

Estonian Inbank has launched its operations in Poland and hopes to give PLN 100 million worth of loans this year. “Poland is a big market, open to new technologies in banking. We see positive trends and big growth dynamic when it comes to consumer loans,” Priit Põldoja, Inbank’s co-founder sai...

Locked content Makarony Polskie to build factory in Egypt?

WSE-listed pasta producer Makarony Polskie is in talks with Egyptian Raya Holding for Technology & Telecommunications regarding potential strategic partnership, the company said in a market filing. The agreement would concern entering the African markets, including building a factory in Egypt. A...