Locked content CCC revenue up 11% y/y in April, online sales soar

The consolidated revenue of footwear retailer CCC increased by 11 percent y/y in April and reached PLN 345 million, the company said in a market filing. Revenue for the period between January and April stood at PLN 1.064 billion and was 25.9 percent higher y/y. CCC recorded PLN 48 million in revenue...

Listed residential developer Ronson to have new CEO

Tomasz Łapiński, management board member and CFO at Warsaw Stock Exchange-listed residential developer Ronson, is set to become the new company CEO after his predecessor, Shraga Weisman, resigned towards the end of April. Along with the recommendation of Łapiński (who has been at Ronson since 2008) ...

Carrefour to replace Tesco in Piotrków Trybunalski mall

Retailer Carrefour Polska has leased approximately 3,500 sqm of space in the Focus Mall shopping center in Piotrków Trybunalski and will open its hypermarket there in the third quarter of this year. The company has taken up the space that was previously occupied by retailer Tesco whose supermarket w...

EPP acquires Katowice office building for over €27.5 mln

Developer Echo Investment and investor Echo Polska Properties (EPP) have signed an agreement regarding the sale of the third office building in the A4 Business Park complex in Katowice. A preliminary agreement for the sale of the property was announced by the companies in October last year when EPP ...

Locked content Duda: Macron will have to regain Poland’s trust

If Emmanuel Macron wins the presidential election in France, he will have to work on getting back Poland’s trust, Polish President Andrzej Duda said. Macron has been criticized by Poland’s ruling Law and Justice (PiS) officials after he called PiS leader Jarosław Kaczyński “Putin and Le Pen ally,” h...

Locked content PZU, PFR with KNF approval for Pekao takeover

Financial market watchdog KNF has approved the purchase of Pekao by PZU and PFR, which clears the last obstacle to finalize the transaction. The buyers want to finalize the deal in early June, just in time to qualify for the banks’ dividend, set at PLN 8.58 per share. Back in 2016, Polish insurer PZ...

Eurostat: Retail sales up by 6.4% in March

The volume of seasonally adjusted retail trade in Poland grew by 6.4 percent year-on-year in March, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it fell by 0.6 percent.

OFE net assets value soar in April

The net assets of the Polish private pension fund (OFE) amounted to some PLN 175.8 billion in April, an increase of 4.9 percent month-on-month, according to a report issued by researcher Analizy Online. Driven mostly by good trading results on the Warsaw Stock Exchange, where the blue-chip WIG20 ind...

Locked content Report: Car manufacturing on the rise in Poland

The number of cars manufactured in Poland in Q1 has reached 202,500, representing a 7.3 percent y/y increase, the KPMG and PZPM sector lobby report showed. The production of buses has increased by 36.1 percent, passenger cars by 2.3 percent, and the delivery trucks and vans by 30 percent, the report...