Image: Segro

Schöck to move to Segro Industrial Park Tychy 2 in Silesia

Schöck Group, a manufacturer of thermal and acoustic insulation used in the construction industry, has leased over 4,000 sqm of space in the Segro Industrial Park Tychy 2 complex, which Segro is now developing in Silesia. Savills represented the tenant in the lease negotiations. Shöck is expected to...

EU subsidies reach PLN 121.5 bln

The value of EU subsidy applications submitted by end-September amounted to PLN 252.2 billion, according to data released by the Ministry of Development. Till that day, 23,574 contracts for the EU co-financed projects amounted to PLN 131.5 billion in EU subsidies.

Locked content Duda sends his condolences after Las Vegas shooting

President Andrzej Duda sent condolences to US President Donald Trump, following the mass shooting in Las Vegas, where at least 59 people were killed and over 500 injured. “On behalf of the Polish Nation and on my own behalf, I wish to offer into your hands, Sir, our deepest condolences,” Duda wrote ...

Locked content KNF asks WSE to suspend trading of three companies

The Financial Supervision Authority KNF filed a motion to the Warsaw Stock Exchange to suspend the trading of three companies: broadband infrastructure operator Mediatel, furniture maker Drewex, and IT company Regnon. All of these companies failed to submit their financial reports for H1. KNF wants ...

Locked content AmRest finalizes the takeover of Russian KFCs for PLN 105 mln

WSE-listed restaurant operator AmRest finalized the takeover of 21 KFC restaurants in Russia for PLN 105 million, the company said in a market filing. Local businesswoman Svetlana Mikhailovna Popova was the seller. Currently, AmRest operates 120 KFC restaurants in Russia. The deal was signed back in...

Locked content Poland to introduce electronic ID cards in 2019

According to the Ministry of Digitization, the first electronic IDs in Poland will be issued in Q1, 2019. The new IDs will be “contactless” and have a PIN number. According to Karol Okoński from the ministry, the current systems will be adapted to new cards by the Q3, 2018, by the end of next year&#...

Locked content WSE turnover grows in September

Equity turnover on the main market of the Warsaw Stock Exchange in September amounted to PLN 19.55 billion, a 10.9 percent year-on-year increase, the stock exchange has announced. In the period between January-September, turnover increased by 15.6 percent y/y and reached PLN 199.92 billion. The bour...

Locked content Ontex to open new plant in Radomsko for €40 mln

Belgian hygiene products manufacturer Ontex announced that it will build a new factory in Radomsko for €40 million and employ 170 people by 2020. The facility will have 24k sqm of industrial area, and Ontex hopes that it will “optimize production processes and service its Polish and international cu...

KUKE: Exports grew 11.7% in August

Euro-denominated exports in August increased by 11.7 percent y/y amounting to €15.59 billion, the Export Credit Insurance Corporation (KUKE). Compared to July, the value of exported goods and services increased by 5.1 percent. For the whole year, KUKE forecasts a 10.4 percent increase in euro-denomi...

Locked content Number of bankruptcies in Q1-3 grew by 14% y/y – Coface

The number of bankruptcies and restructurings in the first three quarters of 2017 amounted to 635, which is 14 percent more than last year, according to a report by Coface. Due to changes to the law, which made implementing restructuring processes to avoid bankruptcies easier, the number of companie...