ZBP: last year was the best for mortgages in 6 years

Polish banks granted some 190.6k new housing loans in 2017 worth PLN 44.57 billion, according to data released by market lobby ZBP. This was the best result in 6 years. In Q4 alone, the banks granted 44.7k mortgages worth PLN 10.93 billion, which was a 0.2 percent q/q drop.

Locked content Eurocash Q4 results below expectations

WSE-listed FMCG retailer Eurocash had PLN 8.8 million attributable net profit in Q4 2017, 86.9 percent lower y/y, and below the PLN 56.2 million expectations. Revenues were up 8.4 percent y/y to PLN 5.8 billion, mainly on increased sales of own shops in the Delikatesy Centrum brand. Q4 EBITDA droppe...

Panattoni to develop DHL Parcel distribution center

Developer Panattoni Europe will build an almost 9,000-sqm distribution center at Radzymin near Warsaw for DHL Parcel Polska. Construction work on the project has already been launched and is scheduled to finish in October this year. The lease agreement between Panattoni and DHL, which was brokered b...

Ideal Idea Park IV in Warsaw fully leased out

Diag-Med, a company from the medical sector, has leased the last available unit in the Ideal Idea Park IV complex in Warsaw. The tenant, who was represented by Axi Immo during the lease negotiations, will occupy 530 sqm of office space and 500 sqm of warehouse area in the property. Ideal Idea Park I...

MK Bowling enters Warsaw

The MK Bowling chain, which is currently present in eleven cities across Poland, will open its first bowling club in Warsaw next year. The club will occupy more than 1,000 sqm of space in the Galeria Młociny shopping and entertainment center in the Bielany district of the Polish capital and will inc...

Locked content Morawiecki to reduce number of deputies

PM Mateusz Morawiecki said that he plans to reduce the number of deputy ministers in his cabinet. Currently, Poland has the most such positions in the EU, with the headcount surpassing 100, the highest-ever. “I am now reviewing the deputy ministerial positions. In the next few weeks, I will present ...

Locked content Orlen to takeover Lotos

The Treasury plans to merge two WSE-listed, state-controlled fuel giants Orlen and Lotos, as the former company signed a letter of intent with the Polish state to take over a minimum of 53 percent stake Lotos. The deal is expected to be completed within a year and would be conducted via public share...

Locked content Monnari plans to improve margins, expand retail space

WSE-listed fashion retailer Monnari hopes to improve its margins for this year, after increasing gross sales margin to 55.4 percent in 2017 (from 54.5 percent in 2016), the company’s CEO Mirosław Misztal said. The company also plans to expand its retail space by 5-7 percent y/y this year. Monnari ha...