Locked content EC proposes strong euro zone integration. No separate budgets

The European Commission revealed its proposals for deep financial reforms in the EU. The bloc’s executive arm wants to transform the bailout fund ESM into a European Monetary Fund and give it more responsibilities. The EMF would still provide loans to member states in financial trouble but also deve...

Locked content ZUE with PLN 330 mln deal with PKP PLK

WSE-listed railway infrastructure builder ZUE once again placed the best offer in the state-run railway infrastructure firm PKP PLK tender. Their bid for the route linking Chabówka with Zakopane stood at net PLN 330 million. The previous build, worth PLN 330 million was canceled due to an accounting...

Locked content FinMin: MiFID II to come into force in late March, early April

The Finance Ministry expects MiFiD II regulations to come into force in late March or early earlier. Meaning that planned date at the beginning of next year is off the table as the parliament did not pass the proper laws yet. “We expect the bill to be passed to the Council of Ministers in the…...

Locked content Poland approves capacity market bill

The Parliament passed the capacity bill, which introduces auctions for reserve capacities and creating incentives for investments in the energy sector. First auctions are planned for December next year and will be delivered in 2021,2022, and 2023. The annual cost of the market will depend on the auc...

Locked content Azoty should takeover Anwil’s fertilizer business – CEO

The CEO of state-owned chemicals group Azoty would like to see his company taking over the fertilizer portion of another state-owned company Anwil. “I personally support the concept of spinning off Anwil’s fertilizer operations. It would perfectly fit Azoty,” Wojciech Wardacki said. “I know th...

Echo Investment touts 2017 apartment sales

Warsaw Stock Exchange-listed developer Echo Investment has revealed it sold 1,248 apartments from January to November, which marks a 75-percent increase upon the same period last year. In November 2017 alone, the company offloaded 203 housing units. Echo Investment will sell at least 1,300 apartment...
Image: GTC

GTC with €200-mln Warsaw mall refinancing

Warsaw Stock Exchange-listed developer and investor GTC has secured up to €200 million in bank financing from Bank Pekao that it will use to refinance its Galeria Północna shopping center project in Warsaw. The company has previously obtained up to €116 million in bank financing from the same lender...

Marvipol and Panattoni planning more joint projects

Developers Marvipol Development and Panattoni Europe are to jointly develop a new warehouse project near Warsaw, which will comprise approximately 40,000 sqm of leasable space. Construction work on the scheme is expected to finish in June next year. The planned development will be the sixth joint wa...

CEEQA 2018 entry process opens

Entries for the 2018 CEEQA awards opened on December 6, 2017 and will close on January 31, 2018. Candidates receiving notification in January of a jury nomination will be granted a deadline extension to February 7, CEEQA organizers stated.