Image: Savills

Savills leasing GLL offices in Warsaw

German investment fund management company GLL Real Estate Partners has appointed Savills as the exclusive leasing agent of its office properties in Warsaw. GLL’s office portfolio in the Polish capital comprises five buildings – Zaułek Piękna, Liberty Corner, Griffin House, Renaissance and Marynarska...

Locked content Brussels not satisfied with Poland’s response over rule of law

Despite the previous media reports, the European Commission decided to continue its case against Poland for infringing the rule of law. “We remain open to dialogue, we remain open to finding constructive solutions. But, at the same time, we must discuss internally in the Commission, and with member ...

Locked content AmRest buys 51% stake in PizzaPortal.pl

WSE-listed restaurant operator AmRest has finalized the deal to buy 51 percent stake in food delivery portal PizzaPortal.pl for PLN 10 million, the company said in a market filing. According to transactions terms, AmRest will acquire newly issued shares of Germany-based Delivery Hero subsidiary Rest...

FinMin: Debt financing remains at 72% at end-August

The Ministry of Finance has not sold any bonds in August, which means that the level of debt financing has reached 72 percent of this year’s financing needs, the Poland’s Finance Ministry said, and taking into account lower than planned financing needs for this year, the debt financing l...

KUKE: Exports grow 12.1% in July

Euro-denominated exports in July increased by 12.1 percent y/y amounting to €15.13 billion, the Export Credit Insurance Corporation (KUKE). Compared to June, the value of exported goods and services decreased by 9 percent. For the whole year, KUKE forecasts a 10 percent increase in euro-denominated ...

Eurostat: Unemployment in Poland drops in July

The seasonally adjusted unemployment rate in Poland stood at 4.8 percent in July, compared to 5 percent the month before, the EU statistical office Eurostat said. This is a drop from June 2016, when it stood at 6.1 percent. The pan-European statistics agency, which uses roughly the same criteria as ...

GUS confirms GDP Q2 growth at 3.9%

The Central Statistical Office (GUS) confirmed its previous flash estimate of Q2 3.9 percent GDP growth in year-on-year terms. The quarter-to-quarter seasonally adjusted growth was at 1.1 percent.

Locked content PZU doesn’t plan on buying more bank assets – CEO

WSE-listed insurer PZU doesn’t plan any new acquisitions in the banking sector, but might be tempted to acquire other assets across the group if the investment opportunity arises, the PZU representatives said. “I do not think PZU wants to buy a new bank, but if it is a question of whether a group of...

Locked content PKP Cargo with PLN 20.8 mln Q2 net profit

WSE-listed railway freight carrier PKP Cargo recorded a net profit of PLN 20.8 million in, compared with a net loss of PLN 128.5 million last year, the company said in its report. The company’s operating profit amounted to PLN 42.2 million, versus an operating loss of PLN 132.3 million in the ...