Atal launches Baltica Towers project in Gdańsk

Warsaw Stock Exchange-listed developer Atal has launched apartment sales in its Atal Baltica Towers project in Gdańsk, which will comprise two 13-floor buildings – a residential building and an apartment hotel building – and offer a total of almost 250 units. The residential building in the scheme w...
Image: poczta-polska.pl

Poczta Polska nixes IPO plans

State-owned postal operator Poczta Polska has decided against its earlier IPO plans, according to its latest strategy plan. “We do not see the necessity to be listed. The regulations regarding such companies can limit the possibilities to accomplish set goals, as you have to take into consideration ...

IMF revises GDP forecasts for Poland

The International Monetary Fund has raised its GDP forecast for Poland to 3.4 percent in 2017, from the previous 3.3 percent. For 2018, the IMF predicts a 3.2 percent growth, down from the previous 3.3 percent figure.

Locked content The Dust mulls NewConnect IPO in Q3

Mobile game producer The Dust, part of the Tech Invest Group portfolio is planning an IPO on the small cap alternative NewConnect market by Q3 “at the latest,” the company said in a market filing. “The company is developing very dynamic, which in turn has increased our financial results. In Q1 this ...

Locked content Report: 279 M&A transactions worth €11.2 bln in 2016

According to the Emerging Europe M&A Report 2016/17 compiled by DNB, there were 279 merger and acquisition transactions in Poland last year, worth €11.2 billion combined. “The biggest number of such transactions was in the real estate and construction sectors, as well as in production, services ...

Locked content Polish farmers with PLN 13 bln in direct payment from EU last year

Polish farmers received PLN 13 billion in direct payments last year under the EU Common Agriculture Policy program. That figure amounts for 88 percent of all funds allocated for that purpose, Polish agriculture ministry said. As many as 1.2 million farmers received the money, which is 89 percent of ...

Locked content Poland’s average electricity price falls in Q1

Poland’s volume-weighted average electricity price on the competitive market fell to PLN 164.78 per MWh in Q1 2017 from PLN 169.57 q/q and from PLN 169.13/MWh y/y, energy market regulator URE said. The price was calculated from the data submitted by power generation firms. The volume of survey...

Locked content Poland acknowledges Turkey referendum results

Polish foreign ministry released a statement in which it acknowledges the results of Sunday’s referendum in Turkey. “Turkey remains Poland’s strategic partner in NATO and in the broadly understood security architecture. We look forward to continuing developing the traditionally good bilateral ...

Locked content Road accidents claim 19 lives over Easter holiday weekend

Nineteen people died in 187 accidents on Polish roads during the Easter weekend from Saturday till Monday, police statistics showed. Furthermore, 261 people were injured and police apprehended 765 drunk drivers. The stats are better than the last year’s, when 29 people died in 173 accidents, w...

Locked content KUKE: Bankruptcies down in March

The number of bankruptcies in February totaled 42, a decrease of 30 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month term the figure remained unchanged. “If we assume a 3.7 percent GDP growth for this year, and the increase of net profit margin by...