Locked content Godlman Sachs raises price in the Robyg tender

Goldman Sachs through its subsidiary Bricks Acquisition Limited raised the price in a tender offer for 100 percent stake in the WSE-listed real estate developer Robyg to PLN 4 apiece from initial PLN 3.55 offer. Overall, Bricks wants to acquire some 289 million shares. The previous offer was blocked...

MLP Group: over 220,000 sqm leased in 2017

Warehouse space developer MLP Group has revealed it signed 32 lease agreements for a total of more than 220,000 sqm of warehouse space in 2017, which is over twice as much as in the previous year. In the final quarter of last year alone, the company signed agreements for a total of almost 80,000 sqm...

MF sells PLN 7 bln worth of bonds. Debt needs financed at 37%

The Ministry of Finance sold PLN 7 billion worth of bonds on auction. The five series will mature in 2020, 2022,2023, and 2028 (two series). Investor interest was at PLN 10.4 billion. According to the ministry after this bond issue, this year’s budget debt plan has been financed at 37 percent.

Locked content Fuel prices stabilize

Average fuel and diesel prices decreased by PLN 0.02, while LPG prices dropped by PLN 0.01 last week, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.70/liter, diesel at PLN 4.61/liter and LPG at PLN 2.12. This week should see a stabilization of the pric...

Locked content Tillerson: We’re against Nord Stream 2

The US Secretary of State Rex Tillerson called the planned Nord Stream 2 gas pipe between Russia and Germany as a threat to Europe’s energy security. “Like Poland, the United States opposes the Nord Stream 2 pipeline. We see it as undermining Europe’s overall energy security and stability. Our oppos...

Locked content Poland’s renewables share at 11% – Eurostat

The share of renewable energy sources in energy consumption in the European Union reached 17 percent at end-2016, the EU statistics office Eurostat announced. In Sweden, more than half (53.8 percent) of consumed energy came from renewable sources. Finland was second (38.7 percent), followed by Latvi...

Poles work 41.2 hours per week – Eurostat

On average, a full-time European employee works 40.3 hours a week, according to data released by the EU statistical office Eurostat. People work the longest in the UK (42.3 hours), while Denmark had the shortest (37.8 hours), Poland with 41.2 hours was fifth.

Locked content Israel criticizes Poland over Holocaust law

Israeli PM Benjamin Netanyahu called the proposed law which would outlaw the use of phrases such as “Polish death camps” and make it punishable by up to three years in prison, “baseless.” He also ordered his Polish ambassador to meet with Polish PM Mateusz Morawiecki to express his strong opposition...

New phase of Olivia Business Centre gets under construction

Developer Olivia Business Centre has launched construction work on the eighth building within its eponymous office complex in Gdańsk. The project will feature 15 floors and comprise 25,000 sqm of leasable space. It is scheduled to be completed by the end of next year. The development will be connect...