Murapol buying more land in Siewierz Jeziorna

Developer Murapol has signed a preliminary agreement for the purchase of more than four hectares of land in Siewierz Jeziorna near Katowice from Chmielowskie, a subsidiary of Warsaw Stock Exchange-listed investment company Alta. The value of the transaction, which is expected to allow Murapol to dev...

Major tenant to move into G9 office building in Warsaw

A new tenant, whose identity is yet to be revealed, has leased more than 7,200 sqm of office space in the G9 building in Warsaw and will move into the property by the end of this year. Colliers International advised the company during the negotiations process, while BSWW Legal & Tax represented ...

Locked content Stokrotka sales 8.9% up y/y in April

Sales of retail chain Stokrotka, part of Emperia Holding, increased in April by approx. 8.9 percent y/y reaching PLN 209 million, Emperia stated in a market filing. Revenue for the January-April period amounted to PLN 796 million, a 4.3 increases y/y. In April, the chain opened three new stores: two...
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New car registrations up by 20% y/y in Q1 – report

As many as 125,900 new passenger cars were registered in Q1 2017, 20.3 percent more than in the corresponding period of last year, according to a report prepared by consultancy KPMG and sector lobby PZPM. “We continue to see a rapid increase in the number of registrations in the premium car se...

Locked content Polish food exporters to benefit from CETA – Bogucki

Polish food producers will enjoy lower barriers to entry to the Canadian market, once Comprehensive Economic and Trade Agreement CETA is in effect, Deputy Agriculture Minister Jacek Bogucki told PAP during his visit to Canada. The trade part of the agreement will be in force starting July of this ye...

Locked content Micro-firms may pay lower contributions starting 2018

Social security (ZUS) contributions for microenterprises may be lowered as early as January 2018, Minister Henryk Kowalczyk told TV Republika. Currently, all micro firms pay a lump sum contribution of at least PLN 1,200 a month. “It is a barrier to entrepreneurs, and many decide to terminate t...
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Polish emigrants transfer PLN 4.2 billion in Q4 2016 – NBP

Polish emigrant workers transferred PLN 4.2 billion to Poland in Q4 2016, PLN 100 million more than in Q4 2015, according to NBP. Long-term migrants transferred PLN 100 million less in Q4 of last year, but transfers from short term migrants increased by PLN 200 million, NBP stated. The transfers fro...

Locked content LPP with PLN 524 million revenue in April

Fashion retailer LPP recorded consolidated revenue of PLN 524 million in April, which marks an 11 percent increase y/y, the company stated. For January-April 2017, revenue amounted to PLN 1.886 billion, a 15 percent increase y/y. Internet sales stood at PLN 22.2 million in April and was 76 percent h...