Image: Dom Development

More Osiedle Cybernetyki apartments now on sale in Warsaw

Warsaw Stock Exchange-listed residential developer Dom Development has launched apartment sales in the second phase of its Osiedle Cybernetyki project in the Mokotów district of the Polish capital. On offer are a total of 247 units in three buildings, which are scheduled to be completed in the final...

Locked content Tax fuel to be raised?

According to Rzeczpospolita daily, the government plans to increase the fuel tax to raise funds to build new roads. According to the daily, the tax is expected to rise by PLN 0.2 per liter, which would translate to a PLN 0.25 price increase. Funds collected in this way – estimated at about PLN...

Locked content Poland, seven other nations sign NATO ‘battle ready’ declaration

Four international battalions stationed in Eastern Europe are now ready to respond to any Russian “aggression,” the defence ministers from eight NATO countries said signing the Enhanced Forward Presence declaration. “Today, we declare that (these battalions) are ready and able to deter and, if neces...

Commercialization of Fashion Outlet Kraków proceeding apace

Developer and property manager PRÔM (Peakside ROS Outlet Management) has revealed that the space in the ongoing Fashion Outlet Kraków project has already been almost 50 percent leased out with major tenants including Rossmann, Media Expert and Cinema City. The scheme is being developed in the Dąbie ...

Locked content PKO BP to pay dividend payment from 2017 profit – CEO

WSE-listed, state-owned bank PKO BP, plans to recommend a dividend from this year’s profit, CEO Zbigniew Jagiełło said. “We have a very good economic situation, we have good relations with clients and we expect a good bank’s profit for 2017, so we would like to return to the normal mode of sha...

Locked content Farmers lost PLN 316 mln due to natural disasters so far

The estimated losses in agriculture caused by natural disasters amounted to PL 316 so far this year, said the Ministry of Agriculture, based on the reports from the voivodes So far more than 20,000 farms occurred losses, the areas affected by disasters encompass some 79k hectares, on 35k of them, th...

Locked content Polimex to build PLN 982.3 mln power block for PGNiG Termika

WSE-listed builder Polimex-Mostostal along with Japanese Mitsubishi signed a consortial deal worth PLN 982.3 million and €111.9 million for the construction of new power block at the Żerań heating plant for PGNiG Termika, Polimex said in a market filing. Polimex’s share in the deal is 26.01 pe...

Locked content JSW to put PLN 1.0-1.1 bln in stabilization fund

WSE-listed coal group JSW will set up a  PLN 1.0-1.1 billion stabilization fund in H2 in cooperation with a selected investment fund company, acting CEO Daniel Ozon said. “It will be our safety buffer, to be used in a time of downturn,” he added. JSW is currently in talks with several investment fun...

Locked content iFun4all plans switching to WSE main market

The shareholders of the listed on small-cap alternative market NewConnect, game developer iFun4all, authorized the management of the company to take actions aimed at moving the company’s stock to the main market of the Warsaw Stock Exchange. The shareholders also accepted, among others. Assumptions ...

Locked content Torpol signs PLN 329 mln deal with PKP PLK

WSE-listed railway infrastructure builder Torpol signed a gross PLN 329.2 million (net PLN 267.6 million) deal for works on the 216 railway line with railway infrastructure firm PKP PLK. The 216 line connects Olsztyn with Działdowo. Criteria in the tender were: total gross price (60 percent), contra...