Locked content PFR launches PLN 700 mln start-ups fund

State-owned development vehicle PFR has launched a PLN 700 million fund for financing start-ups, PFR Starter FIZ. The fund will be supplemented with private contributions, PFR CEO Paweł Borys said. According to him, several hundred start-ups could receive financing in the coming years. The fund is o...

Locked content PM Szydło: I control PZU

Prime Minister Beata Szydło said at the press conference that she took a “direct control” over Poland’s biggest insurer PZU. “Supervision of the firm is conducted by me,” Szydło said. “I’ve determined that for the good of the firm it will be beneficial,” she added. The company as a finan...
Joanna Schonthaler-for web

Addressing a market niche

There is demand for modern office space from small and medium-sized enterprises in Warsaw and the needs of those tenants should properly be addressed, says Joanna Schönthaler, the CEO at Park Avenue, the developer of the eponymous office project in the center of the city

Extensions to drive European retail development in 2017-2018

Extensions to established shopping centers will be a significant driver of new retail space development across Europe in the next two years, according to the latest report by Cushman & Wakefield. The total amount of new retail area set to be delivered in the period is estimated at 6.8 million sq...
DSC_7882_duze_Paweł Brodzik IV_Tetris

Open Book brings savings to fit-out

Last year saw a new practice on the fit-out market – Open Book. What turned out to be revolutionary was combining it with working on the Gross Maximum Price. Now, a company interested in arranging a new space no longer needs to worry about the budget, quality and timing
Image : Shutterstock

Running on autopilot

How many times have you forgotten to pay a bill, write an email, make a phone call or cancel an ap­­pointment? And every time you do, you probably say to yourself “I should get an assistant.” However, if for whatever reason hiring another human to share your workload is not the answer for you, perha...

Poland with €340 mln in EU subsidies in March

According to the Polish ministry of finance, the value of EU funds transferred to Poland in March amounted to €340.16 million. That figure includes, €284.55 million in capital transfer and €55.6 million in current transfers. As part of the Cohesion Fund, Poland received €324 million, while the Commo...
Image : Shutterstock

Wind farms with 23% share in the energy mix

Last Saturday, wind farms had a 23 percent share in Poland’s energy mix, portal gramywzielone.pl said. This was the best result this year so far. Polish wind farms, which have 5.8 GW capacity, produced 99 GWh of energy. On the same day, throughout the EU, only four other countries had bigger shares ...

Poland with 54.4% general government gross debt – Eurostat

According to data released by Eurostat, in 2016, Poland had general government gross debt at 54.4 percent of its GDP, way below the EU average which stood at 83.5 percent. Estonia had the least general government debt, with only 9.5 percent of the GDP, while Greece was at the other end of the spectr...

Locked content Puławy chemicals to spend PLN 695 mln on nitric acid installation

State-owned Azoty Puławy plans to build a nitric acid installation worth up to PLN 695 million, company’s CEO Jacek Janiszek said. The facility, with 1,000 metric tons daily capacity will be located in Puławy and is expected to be delivered by 2024 at latest. “We are signing a contract for license, ...