Mera Spa Hotel in Sopot operating under Marriott brand

The Mera Spa Hotel in Sopot on the Baltic coast has recently joined the Marriott International hotel chain and now operates as the Sopot Marriott Resort & Spa. It is Marriott’s second flagship hotel in Poland, after the Warsaw Marriott Hotel. All of the rooms in the Mera Spa Hotel have been upgr...

Locked content Asseco with UOKiK approval for Macrologic takeover

WSE-listed IT giant Asseco’s subsidiary Asseco Business Solutions was granted the antitrust watchdog approval for the takeover of IT company Macrologic. Asseco launched a tender to buy 100 percent shares in its peer for PLN 59 apiece, which puts Macrologic value at PLN 111 million. Subscriptio...

Locked content Griffin Premium RE with Q1 loss

Recently listed real estate company Griffin Premium Real Estate had a PLN 22.17 million consolidated net loss in Q1, including €22.5 million net loss on valuation losses. Last year the profit stood at PLN 3.43 million. Consolidated revenue from rentals amounted to €5.9 million, up from €5.74 the yea...

FinMin: Debt financing reaches 66%

The level of debt financing at end-May, has reached 66 percent of this year’s financing needs, the Poland’s Finance Ministry said. Treasury liquid assets amount to PLN 77 billion.

Locked content PZU to spend 80% of 2017 profits on dividend – CEO

WSE-listed insurer PZU may pay up to 80 percent of its 2017 profits in dividend, company’s CEO Paweł Surówka said. For 2016 profits the pay-out stood at 62 percent. “This year is an exceptional one and responsible management should ensure preserving means for the takeover of Pekao and taking care of...

Eurostat: Unemployment drops to 4.8% in April

The seasonally adjusted unemployment rate in Poland dropped to 4.8 percent in April, a 0.1 percentage point decline m/m, the EU statistical office Eurostat said. This is a drop from April of 2016, when it stood at 6.4 percent. The pan-European statistics agency, which uses roughly the same criteria ...

Locked content PM: withholding EU funds would contradict EU rules

According to PM Beata Szydło, Germany proposition that would freeze access to EU finds for countries that do not meet the bloc’s standards on the rule law is against EU rules. “Proposals to withhold structural funds for selected member states is simply contradictory to EU treaties,” Szydło sai...

Locked content Duda couldn’t pardon anti-corruption chief – Supreme Court

Poland’s Supreme Court ruled that President Andrzej Duda could not pardon then-former head of the anti-corruption bureau Mariusz Kamiński as the verdict finding Kamiński guilty was not final at the time of the pardon. “The use of the right of mercy, prior to appeal proceedings does not result ...