Image: SEGRO

NNR Global Logistics expands in SEGRO’s Nadarzyn park

Logistics company NNR Global Logistics has almost doubled the amount of space it occupies in the SEGRO Logistics Park Warsaw, Nadarzyn near the Polish capital and moved to a different building within the complex. The tenant has leased more than 4,000 sqm of warehouse space in the BREEAM-certified bu...

Locked content Dino Q2 profit up by 23.2%

WSE-listed retailer Dino increased its first quarter net profit by 23.2 percent y/y to PLN 46.69 million, the company said in a market filing. Revenues amounted to PLN 1.1 billion, up 34.1 percent y/y, while operating profit stood at PLN 68.05 million, a 31 percent y/y increase. Like-for-like sales ...

Locked content Szydło: no final decision on WWII reparations

In an interview with Gazeta Polska weekly, PM Beata Szydło said that the government has not yet made a final decision whether Poland will seek World War II reparations from Germany. “We were victims of totalitarian German policy during World War II and for decades Poland never received any compensat...

Locked content Greece tops Poles holiday’s destination list

Greece was the favorite destination of Poles for this year’s holidays, according to data from the Polish Chamber of Tourism (PIT). Bulgaria took the second spot, while Spain was third. “Just like last year, Greece was the favorite destination of Poles going for summer holidays with tour operators, w...

Locked content Netia appoints Iwuć as CEO

WSE-listed telecom group Netia appointed its acting CEO Katarzyna Iwuć as its permanent CEO, the company said in a market filing. Iwuć, took over the post in June, when Netia’s then-CEO Tomasz Stopa stepped down from his post effective immediately. Iwuć was the company’s CFO previously, before that,...

Locked content Vistula hopes to iron out Bytom merger details within 2 weeks

Fashion retailer Vistula said that it plans to complete the merger talks with its competitor Bytom within two weeks. Vistula plans to set the share parity in the pending merger at 0.82, meaning that for every Bytom share, its shareholders would receive 0.82 Vistula share. The negotiation process sta...

Locked content Waterland sets up €2 bln fund. Looking for acquisitions in Poland

The Waterland Private Equity Investments Group, within less than two months of launch, has set up a €2 billion fund to institutional clients and is actively seeking further investment projects, among others. in Poland. “WPEF VII intends to acquire majority stakes in well-performing mid-size co...

Locked content Poles with PLN 576 bln liabilities – report

As many as 15.3 million Poles had outstanding loans at end-2016, according to the latest report published by The Polish Bank Association (ZBP). The average value of the loan stood at PLN 38,000, and the total amount of Poles liabilities was PLN 576 billion. According to the report, 8.3 million Poles...

Locked content WP Q2 profit grows

WSE-listed media group and operator of the wp.pl portal, Wirtualna Polska had PLN 13.8 million consolidated net profit in Q2 up from PLN 12.81 million last year, the company said in a market filing. Revenues were at PLN 110.88 million, up from PLN 100.77 million the year before. EBIDTA was at PLN 34...