Daily Archives: March 14, 2018

Record office leasing activity in Tri-city – report

March 14, 2018 Lokale Immobilia
The absorption of office space in the Tri-city market hit the record high of 79,400 sqm last year, compared to the annual average of over 58,000 sqm seen in the last five years, according to the latest report by Cresa. A total of 117,700 sqm was taken up in the market in 2017, which represents an al...

Locked content OFEs transfers PLN 716.5 mln to ZUS in February

March 14, 2018 Poland AM
Private pension funds OFE transferred PLN 716.5 million to the Social Security Fund ZUS under the pre-retirement asset shift in February. In the other direction, PLN 275.1 million in premiums were transferred. Under the Polish law, each OFE member has their assets transferred to ZUS over the 10-year...

Locked content KGHM with PLN 87 mln Q4 net profit

March 14, 2018 Poland AM
WSE-listed silver and copper giant KGHM recorded PLN 87 million net loss in Q4, compared to PLN 4.9 billion last year. The result was affected by PLN 310 million in impairments on its foreign assets. Revenues reached PLN 5.87 billion, down from PLN 6.01 billion in the previous year. In 2017, KGHM ha...

Locked content WSE suspends trading of 10 NewConnect companies

March 14, 2018 Poland AM
WSE management suspended trading of 10 companies, listed on the small-cap, alternative NewConnect market. They include loyalty sales scheme operator B2BPartner, renewable energy firm BGE, recycling company Ecotech Polska, Euroinvestment (aka Virtual Vision), water and heating installation provider G...

Locked content Government support inches up – CBOS poll

March 14, 2018 Poland AM
The government of Mateusz Morawiecki has 41 percent support which is 1 percentage point higher than the month before, according to the latest poll by CBOS. The number of its opponents reached 19 percent up by 2 percentage points. When asked about the government’s work, 50 percent of respondents said...

Locked content Raiffeisen still working on Polish IPO but might sell it instead

March 14, 2018 Poland AM
Raiffeisen Bank International CEO Johann Strobl that the lender is still working on the IPO of its Polish unit, however, it had not finally decided on whether to sell or list the business and is in negotiations with an investor to sell the unit. Raiffeisen Polbank was under the obligation to KNF to ...

Locked content SAF-T to replace VAT declarations next year – FinMin

March 14, 2018 Poland AM
According to the Finance Minister Teresa Czerwińska, the Standard Audit File for Tax (SAF-T) will replace VAT declarations starting from 2019. In January, 94.5 percent of VAT taxpayers submitted SAF-T files and after the analysis, 85,000 of them were flagged as suspicious. According to FinMin, they ...

Locked content BGŻ BNP Paribas profit soars

March 14, 2018 Poland AM
WSE-listed lender BGŻ BNP Paribas, had a PLN 279.71 million net profit in 2017, up from PLN 76.86 million in 2016.  Net interest amounted to PLN 1.92 billion, compared with PLN 1.82 billion in 2016, while net fees and commission stood at PLN 485.98 million, down from PLN 493.22 million. At end-2017 ...