Fitch: EU membership is a strong support for V4′ sovereign ratin...

Without the EU membership, V4 countries sovereign ratings would risk a drastic decline, Fitch ratings agency said in its report. “A deterioration in the relationship between the V4 and the EU could lead to negative pressures on the ratings in the medium to long term, depending primarily on its impac...

Locked content KNF: Banking sector profit down in Q1

Poland’s banking sector recorded an aggregated net profit of PLN 2.84 billion in Q1, according to data from the Financial Supervision Authority (KNF), representing a 11.4 percent decline y/y. Net income from banking activity stood at PLN 14.74 billion and increased by 3.8 percent y/y. Banks’ net int...

Locked content BGK with PLN 1.2 bln bond issue

State-owned lender Bank Gospodarstwa Krajowego (BGK) sold PLN 1.2 billion worth of three-year floating rate bonds. The bonds were placed 43 basis points above the WIBOR rate. “The aim of the issue was to roll over papers maturing on May 19, 2017,” BGK said in a market filing, adding the size of the ...

Katowice office market slows down

Katowice, the fifth largest office property market in Poland, will this year see the lowest annual supply of new space since 2011, according to a recent report by Savills. The existing stock in the city, which amounted to 447,100 sqm at the end of Q1, is expected to grow by only 7,700 sqm in 2017, t...
Alain Dehaze for web

Bridging the skill gap

WBJ asked Alain Dehaze, CEO of The Adecco Group, about the causes of youth unemployment in Poland, despite the record low rates and the challenges the job market will have to face in the future
Image: Unidevelopment

Unidevelopment, CPD planning another joint project in Warsaw

Developers Unidevelopment and CPD are to develop a new residential project in the Ursus district of Warsaw, which will be called URSA Park and will offer a total of 385 apartments in two phases. Construction work on the first phase of the scheme (189 housing units) is scheduled to launch by the end ...
Juan Maria Porcar is Senior Vice-President, Services Business Group, at Fujitsu Technology Solutions

The digital era

WBJ talks to Juan Maria Porcar, the VP and Head of Eastern Europe, Russia & CIS and Africa at Fujitsu, about the digital age