BPO/SSC companies lease some 500,000 sqm in 2017 – JLL

Companies from the business services sector last year leased up to 500,000 sqm of office space across Poland, according to an analysis by JLL. The figure represents one third of the total take-up recorded in the major office markets in the country in 2017. Warsaw, Kraków and Wrocław each saw BPO/SSC...

Locked content Torpol with PLN 11.4 mln impairments

WSE-listed railway infrastructure builder Torpol will add PLN 11.4 million in impairments related to its Norwegian operations, which will be booked in the company’s last year’s financial report, the company said in a market filing. Write off for the Torpol Norge AS shares will amount to PLN 4.74 mil...

Locked content Morawiecki dismisses 17 deputy ministers

PM Mateusz Morawiecki dismissed 17 deputy ministers from his cabinet in a move aimed to trim the headcount and payroll. Morawiecki said that the changes were made to make government operations more efficient and were not “personal.” All of the dismissed deputies handed their resignations which were ...

Locked content Synthos to be delisted on April 3

The Financial Supervision Authority KNF approved the WSE-listed chemical group Synthos motion to dematerialize its shares and delist the company. The decision will come into effect on April 3. Back in December, the company’s majority shareholder, Michał Sołowow successfully tendered 31.4 percent of ...

I2 Development to consider finding strategic investor

Warsaw Stock Exchange-listed developer i2 Development has decided to review strategic options regarding its further growth. The company, which is active in the Wrocław market, is considering finding a strategic partner or investor. “We are ready to make another quantum leap in our development, takin...

Locked content Poles less happy about current situation in the country – CBOS poll

In March, the percentage of people assessing that the situation in Poland is going in the right direction has fallen to 46 percent from the previous result of 50 percent, while the number of respondents claiming that it’s going in the wrong direction has increased by 5 percentage points to 39 percen...

Locked content GSK Commercial to launch PLN 200 mln production line in May

Pharma group GSK Commercial will open its PLN 200 million production line of innovative medicine this year, probably in May, Krzysztof Kępiński, Director of External Relations and Public Market Department of GSK Commercial said. The line will produce “one of the most innovative anti-retroviral drugs...

Locked content Tauron confirms 2017 results. Q4 slightly down.

WSE-listed power utility Tauron confirmed its previous estimates of last year’s financial results. In 2017, the company had PLN 1.38 billion net profit (275.7 percent y/y growth), PLN 3.54 billion EBITDA (6.2 percent increase), and PLN 17.41 billion in revenues (1.3 percent drop). The increase in re...