Locked content Poles waste 9 mln tons food each year – Greenpeace

According to the environmental group Greenpeace, Poles waste some 9 million metric tons of food each year, putting the country in the fifth place among all EU nations. The organization has asked politicians to pass new laws which would limit food waste and increase food donations. According to the E...

Locked content WSE expects 2-3 REIT-type debuts in 2017. Reino vehicle among them

The Warsaw Stock Exchange (WSE) hopes to attract two-three REIT-type investment vehicles this year, after the IPO of Griffin Premium RE. “It’s hard to say what the capitalization will be,” WSE acting CEO Jarosław Grzywiński said. Polish parliament is currently working on a new bill which would...

Locked content Poles prefer to save their money rather than to invest – ING

As many as 77 percent of Poles have savings account, while 42 percent have deposits. Only 14 percent invested their finds into stocks, while 15 percent put their savings into investment funds, ING study showed. Throughout EU, on average, 69 percent have savings account and 31 percent have deposits. ...

Locked content M Food mulls move to the WSE main market

M Food, which trades honey and beekeeping products wants to move its trading to the WSE main trading index this year, company said in a market filing. Since 2011, the company shares have been trading on the small cap, alternative NewConnect market. The company also plans to issue new shares to finan...

Inflation to reach 2.1% this year, GDP 3.4% – NBP poll

According to the results of macroeconomic poll conducted among analysts by the Poland’s Central Bank,  inflation will reach 2.1 percent this year. In 2018, the inflation will reach 2.1 percent, while in 2019 it will grow to 2.4 percent, getting close to the NBP’s inflation target, which ...

GK Immobile to build a four-star hotel in Warsaw

GK Immobile through its subsidiary Focus Hotels has signed a contract with Woronicza Prestige PM to build and lease a four-star hotel in Warsaw, with at leas 238 rooms. After the construction is completed, Focus will manage the facility for the period of 15 years, for minimum PLN 84 million. The hot...

JLL: slow pace for retail market in Q1

After the busy end of 2016, Q1 2017 was rather quiet in terms of new completions of retail projects. The market grew by only a mere 36,800 sqm, including two extensions of existing projects and two developments of stand-alone retail warehouses, JLL said in its report.

Locked content Trump to visit Poland in July?

According to Reuters, Poland will invite US President Donald Trump for a visit in July. The invitation could be extended next week, during Polish Foreign Minister Witold Waszczykowski trip to the US. Trump, who will be visiting the G-20 group summit on July 7-8 in Germany, could make a stopover in W...

Loans up by 4,2%, deposits by 8.3% at end-February

The Polish Financial Supervision Authority (KNF) published data regarding banks’ loans and deposits in the first two months of this year. The total value of loans in the banking sector in Poland, including foreign units, increased by 4.2 percent y/y reaching PLN 1,017.68 billion. The value of ...