More Skanska apartments available in Warsaw

Developer Skanska Residential Development Poland has launched sales of apartments in the second phase of its Jaśminowy Mokotów project in Warsaw’s Mokotów district. On offer are a total of 96 housing units in six two-storey buildings that are scheduled to be completed in 2020. Construction work on t...

YIT’s second Polish project gets under construction

Finnish developer YIT has launched construction work on the first phase of the Aroma Park residential project in Warsaw, which is the company’s second housing scheme in the city. The investment is located in the Białołęka district and will involve the revitalization of historic properties sitting on...

Locked content Fam, Uniwheels to leave WSE on February 20

The Financial Supervision Authority KNF approved the motions of WSE-listed companies Fam and Uniwheels to delist them effective February 20. Uniwheels is an alloy wheels producer, while Fam manufactures anticorrosive steel elements….

Locked content 52.9 mln mobile phone numbers in Poland in 2017 – GUS

According to data released by Poland’s Central Statistics Office GUS, at end-2017, there were 52.9 million mobile phone users, representing 3.5 percent drop y/y. The figure includes both prepaid numbers (18.6 million) as well as ones with long-term contracts (34.3 million). The number of long-term c...

Locked content Benefit Systems to acquire remaining stake in Zdrofit

WSE-listed employee benefits program operator Benefit Systems will buy 44.97 percent stake in fitness club chain Zdrofit for PLN 52.5 million. After the transaction, the company, through its subsidiary FitInvest will hold 100 percent Zdrofit shares. “The acquisition of all shares in the company will...

GDP grows by 4.6% in 2017 – GUS flash estimate

According to preliminary data from the Central Statistics Office, Poland’s GDP grew by 4.6 percent in 2017, the fastest since 2011. The growth was driven by domestic demand and higher economic activity in the region and the European Union, Poland’s main trade partners.

Locked content JSW with conditional offer to takeover PBSz shaft builder

WSE-listed coal group Jastrzębska Spółka Węglowa signed a conditional offer to acquire 95.01 percent stake in shaft builder PBSz from mining machine manufacturer Kopex. “JSW assumes that the submission of the offer will allow for negotiation of the detailed terms and conditions of the contract for t...

Locked content Duda signs Sunday trade ban bill

President Andrzej Duda singed a bill gradually banning Sunday retail trade. Starting from March 2018, shops will be closed on two Sundays per month, from 2019, the ban will extend to three Sundays per month while starting from 2020, shops will be allowed to operate only seven Sundays per year. The f...

Locked content PKO BP with PLN 1 bln bond issue program

WSE-listed lender PKO BP plans to issue 10-year subordinated bonds with a value of up to PLN 1 billion, the bank said in a market filing. The papers will have a call option to be redeemed after five years. Funds obtained from the issue will be allocated to the Tier 2 supplementary capital pending KN...