Locked content Retail sales up 6.4% y/y in September

The value of turnover in retail trade, not adjusted seasonally, has increased by as much as 6.4 percent in September, compared to the corresponding month of last year, according to data released by statistics office GUS. In August 2017, the value of retail turnover also increased, by 6.7 percent y/y...

Locked content BusinessEurope critical of summit compromise on posted workers

Employers’ association BusinessEurope has criticized the compromise reach after the Monday summit of EU labor ministers in Luxembourg. The consensus lowers the maximum time a posted worker can work abroad to 12 months, with an option to extend it to 18 months, upon the company’s application. Initial...

Locked content Lublin-Lubartów expressway to cost PLN 900 mln, completion in 2024

The General Directorate for National Roads and Motorways (GDDKiA) has announced a public tender for the construction of a 24-kilometer section of the Via Carpathia route between Lublin and Lubartów. Construction costs have been estimated at PLN 900 million, and is scheduled to be built in 2020-2024,...

Number of gas stations drops by 179 in Jan-Sep

The number of gas stations in Poland fell by 179 over the first three quarters of 2017, from 6,803 existing at the end of last year to 6,624 at the end of September, according to data presented by oil industry organization POPiHN. The market leader, Orlen, had 1,758 stations, including 81 under the ...

Locked content PGE with PLN 6.1 bln EBITDA after Q3

After the first nine months of the year, energy giant PGE posted an estimated EBITDA of PLN 6.108 billion and PLN 2.96 billion in net profit of the dominant company, the firm stated. According to preliminary estimates, over the first nine months of the year the company produced 41.5 TWh of electrici...

Locked content GetBack to acquire PLN 600 mln debt portfolio

Debt collection firm GetBack has won a tender for a debt portfolio with a nominal value of PLN 600 million, the company informed in a press release. The firm’s CEO said that for the entire 2017, the firm expects to acquire a total of PLN 2 billion worth of debt. Over the first three quarters… ...

Locked content PKO introduces instant bank transfers

Poland’s biggest lender PKO BP has introduced instant bank transfers Express Elixir to its clients. “The service allows for instantaneous transfers between banks, which means that funds appear in the recipient’s account within seconds. Over nine million clients can make instant transfers online and ...

Warsaw’s Centrum Królewska building with new tenant

Law firm Dubiński Fabrycki Jeleński i Wspólnicy has leased almost 740 sqm of office space in the Centrum Królewska building in downtown Warsaw, which is owned by Rezydent Group. Skyline Real Estate and Cushman & Wakefield represented tenant and the landlord during the lease negotiations respecti...

18% of food producers are eying acquisitions

Almost a fifth (18 percent) of agricultural and food producers in Poland are planning acquisitions of their competitors within the next three years, in order to boost their company’s exports, advisory KPMG stated. Most acquisitions are focused on the CEE markets. “Almost eight out of 10 companies wi...

New tenant at P3 Poznań logistics park

Logistics company Colian Logistic has leased approximately 9,000 sqm of warehouse space in the P3 Poznań logistics park in western Poland, which is owned by developer P3. The company has already moved into its new premises. JLL experts represented the tenant during the process of selecting the locat...