Locked content PGG expects ‘high’ profit this year

State-owned coal miner Polska Grupa Górnicza (PGG) hopes that this year it will reach a “high” profit for the year, CEO Tomasz Rogala told Radio Piekary. “The minimum goal is not to post a loss, as we should remember that KHW was taken over in a difficult situation,” Rogala said. “But we...

Locked content Raiffeisen to lay off nearly 1,000 employees

Raiffeisen Polbank announced that it will lay off a fifth (850-950 people) of its staff by the end-2019. “Up to 90 branches will be converted to cost-efficient formats by the end of 2019,” the company said, explaining that the changes will result in lay offs. The cuts are expected to bring €50 milli...

Prologis announces major Silesia lease deals

Industrial space developer Prologis has signed three lease deals for a total of 57,700 sqm at its logistics parks in Silesia. DHL has renewed its agreement for 44,600 sqm at Prologis Park Dąbrowa, while Polonia Logistyka leased an additional 9,300 sqm at Prologis Park Będzin II. For its part, Moto P...