Locked content New Millward Brawn poll shows PiS support plummeting

A new survey by Kantar Millward Brown showed that the Law and Justice-led (PiS) right-wing coalition support dropped by 12 percentage points to 28 percent. Opposition Civic Platform (PO) increased by 6 percentage points to 22 percent compared with last month’s poll. Third is Kukiz’15 with 10 percent...

Locked content Open Finance with PLN 18.17 mln 2017 loss

WSE-listed financial advisory firm Open Finance recorded a PLN 18.17 million net loss in 2017, compared to a PLN 19.18 million loss the year before. Operating loss amounted to PLN 28.33 million vs. PLN 153.06 million loss in 2016. Consolidated sales revenues amounted to PLN 351.66 million in 2017 co...

Locked content Poland signs $4.75 billion Patriot deal

Poland signed its largest weapons procurement deal in history by agreeing with the US to buy Raytheon’s Patriot missile defense system for $4.75 billion. “It is an extraordinary, historic moment; it is Poland’s introduction into a whole new world of state-of-the-art technology, modern weaponry, and ...

Moody’s upgrades Poland’s GDP forecast for 2018

Ratings agency Moody’s upgraded Poland’s GDP outlook for 2018 to 4.3 percent from the previous 3.5 percent estimate. The agency added that this forecast is based on the assumption, that the conflict between Warsaw and Brussels will not escalate. “Judicial reform reduces the risk of weakening the ind...

Locked content Elektrobudowa plans to spend PLN 100-150 mln on takeovers

WSE-listed construction and engineering firm Elektrobudowa wants to spend PLN 100-150 million on acquisitions to expand its product range, Deputy CEO Paweł Skrzypczak said. According to CEO Janusz Juszczyk, the company is undertaking “very intensive” efforts regarding potential M&A and prefers b...

Locked content Tauron secures PLN 880 mln financing from PFR

WSE-listed power group Tauron secured PLN 880 million financing from two funds managed by state-run Polish Development Fund for its 910 MW Jaworzno project, the company said in a market filing. The two funds will contribute PLN 440 million each. The joint share of funds in the SPV  should amount to ...

Atal launches second Poznań scheme

Warsaw Stock Exchange-listed developer Atal has launched sales of apartments in the first phase of its Apartamenty Milczańska residential project in Poznań, which is the company’s second scheme in the city. On offer are 81 housing units that are scheduled to be completed in the final quarter of next...

Panattoni completes GLS Poland distribution center near Warsaw

Developer Panattoni Europe has finished construction work on a 7,600-sqm parcel distribution center at Janki near Warsaw, which it built for courier company GLS Poland. The official opening of the BTO (build-to-own) and BTS (build-to-suit) facility, which will handle an average of 80,000 parcels a d...