Over 13 million sqm of industrial space in Poland

From the beginning of July to the end of September 940,000 sqm of modern industrial space was delivered to the market and as a result the total stock in Poland exceeded 13 million sqm. Over 1 million sqm of space is under construction – according to the latest Colliers International report.

Poland to develop transport connections with China – PM Szydło

Transport is an area of cooperation between Poland, Central and Eastern Europe and China that has some of the best prospects for growth, and the Polish government’s intends to develop it, said PM Beata Szydło at the inauguration of the 2nd Meeting between Transport Ministers and Business Forum 16+1....

New multi-screen cinema to open in Arkady Wrocławskie mall

An OH KINO multi-screen cinema will open in the Arkady Wrocławskie shopping center in downtown Wrocław on October 26. The multiplex will feature ten screens and will be the second cinema of the chain with the first one located in Mysłowice in Silesia. The Arkady Wrocławskie mall, which is owned by L...

Moving to tax havens should become easier – ECJ’s decision...

The European Court of Justice has decided that member states cannot demand that a company be first liquidated if it wants to move its statutory seat to another country. The decision was in relation to the dispute between Polish construction firm Polbud and Polish courts. In 2013 Polbud moved its sta...

Locked content Tauron posts net profit for Q3 at PLN 189 mln

Energy firm Tauron Energia recorded PLN 189 million in net profit in the third quarter of 2017 and PLN 343 million in operating profit, the company stated citing preliminary data. The firm’s revenue stood at PLN 4.12 billion in Q3 of this year. Tauron estimates coal production of 1.36 million tonnes...

Locked content PKP PLK wants to double speed in railway transport within five years

Polish railway operator PKP PLK plans investments that will double the speed in railway traffic within five years, the company’s CEO Ireneusz Marchel stated. “By 2030 we want to have at least 1,500 kilometers of tracks that will allow trains to reach velocity of between 200-250 kph. Right now we don...

Locked content Orange Polska with EBITDA of PLN 776 mln in Q3

Telecom Orange Polska posted EBITDA profit for Q3 at PLN 776 million, higher than the market consensus of PLN 761.3 million. In Q3 2016 the company recorded profit of PLN 831 million. The firm’s revenue in Q3 inched down by 1.3 percent y/y to PLN 2.814 billion. Revenue from mobile communication serv...

Locked content PKO launches OneClick payment service for BLIK users

PKO BP has launched its new service, called OneClick to its clients using the BLIK payment system. The service allows them to make quick and secure transactions online, BLIK operator Polish Payment Standard (PSP) stated. During the first BLIK online payment in a store, OneClick will allow the client...

Locked content Sygnity with PLN 120 mln in write-downs

IT firm Sygnity will make write-downs of at least PLN 119.9 million for the 2016/2017 fiscal year, which ended on September 30, the company’s CFO Piotr Wierzbicki stated. “Our radical move are related to the difficult situation Sygnity is in and the need to thoroughly restructure the company, its co...