Image: Savills/M. Gorgolewski

Crown Square building in Warsaw fully leased out

Real estate services firm Savills has completed the process of commercializing the Crown Square office building in Warsaw. Sports betting solutions provider Sportradar Polska and publishing house Mediaplanet have leased around 280 sqm and almost 200 sqm of space in the building respectively. Located...

Locked content Fresh produce market drops in July – GfK

The fresh produce market has dropped by 3.5 percent y/y to PLN 6.1 billion in July, according to data released by GfK. In terms of volume, the market dropped by 1.8 percent y/y to PLN 1,978 metric tons. “The average Polish family consumes 146 kilograms of vegetables a year, less than 3 kilograms a w...

Locked content WSE to resume Termo2Power trading

The trading of Termo2Power shares on the small-cap, alternative market NewConnect, will resume on Wednesday, the Warsaw Stock Exchange said in a market filing. The decision was made after the Financial Supervision Authority (KNF) reversed its August 3 decision to suspend the trading. Termo2Power is ...

Locked content Poland’s PGNiG in talks on short- to mid-term LNG contracts

WSE-listed, state-owned gas giant PGNiG plans to sign short and mid-term contracts for LNG by mid-2018, company’s Deputy CEO Maciej Woźniak told Reuters. “For a few month, we have been in talks with our partners on further LNG supplies to Poland. Of course, we are talking not only to the US contract...

Locked content PGE confirms H1 results

WSE-listed power utility PGE had a PLN 1.49 billion H1 net profit, the company said in a market filing confirming the previous estimates. This is up from PLN 546 million net profit posted a year earlier. The company’s EBITDA amounted to PLN 3.44 billion, rising by 10 percent y/y. Revenues amou...

Demand for housing loans up by 23.6% in July – BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 23.6 percent y/y in June. Overall, there were 31.3k mortgage applications filed in July with the average amount of loan amounting to PLN 232.8k and was higher by 6....

Locked content PlayWay takeovers Creative Octopus

WSE-listed game developer PlayWay signed a deal with the owners of Creative Octopus to takeover 50.01 percent of the company for PLN 250,000, the company said in a market filing. Creative Octopus will focus on creating five new development teams, and further developing its 911 Operator series of gam...