Locked content HSBC: Polish companies expect increase in foreign trade turnover

As many as 78 percent of Polish exporters and importers expect their trade turnover to increase in 2018, according to an international survey of companies by HSBC. This result places Polish entrepreneurs in the first place among companies from the European Union that took part in the survey. In glob...

Locked content SES Encoal Energy mulls small-scale coal gasification projects

SES Encoal Energy, a joint venture of Synthesis Energy Systems and EnInvestments, plans to implement the SES’s gasification technology SGT in Poland. The projects could cost between $200-700 million. “SGT is based on the U-GAS gasification process, developed by the Gas Technology Institute since the...

Green light for Yareal’s Lixa offices in Warsaw

Developer Yareal has secured a building permit for the first phase of its planned Lixa office project in Warsaw, which will be the biggest office scheme in the company’s history. The development will be located in the Rondo Daszyńskiego area of the Wola district of the Polish capital and will compri...

More Cybernetyki 17 apartments on offer in Warsaw

Warsaw Stock Exchange-listed developer Dom Development has launched apartment sales in the fourth phase of its Cybernetyki 17 residential project in the Polish capital. On offer are a total of 240 housing units in two buildings that are scheduled to be completed in the third quarter of next year. Th...

Dantex pleased with 2017 sales results

Developer Dantex has revealed it sold a record 1,050 apartments last year, which marks an almost 20-percent increase y/y. The company’s target for 2017 was 1,000 units. The developer expects to see equally good apartment sales this year, provided that the market situation and macroeconomic condition...

Locked content Poland arrests suspected Russian spy. Will expel 4 Russian diplomats

Poland’s security agents have detained an Energy Ministry official on suspicion of providing Russia with secrets about Polish energy sector The official, who has been identified only as Marek W (name withheld under Polish privacy law) is suspected of providing Moscow with the information on how Wars...

Locked content AAT Holding to buy 20 percent stake from its main shareholder

Lock Syndication, the main shareholder of WSE-listed security system developer AAT Holding, will sell 1.6 million shares of the company (20 percent stake) as part of the company’s buyback program, the firm said in a market filing. Lock Syndication owns 70 percent stake in AAT Holding. Earlier this m...

Locked content Torpol with PLN 3 bln backlog

WSE-listed construction firm Torpol backlog amounts to PLN 3.06 billion the company said in a market filing. “The record-high backlog will allow us to steadily achieve sales revenues in Poland in the coming years at the level of PLN 1 billion annually. We want to strengthen our position as one of th...

Foreigners spent PLN 41.5 bln in Poland last year – GUS

Foreign nationals spent some PLN 41.5 billion last year in Poland on goods and services, data from the Central Statistics Office (GUS) showed. In comparison, Poles spent PLN 20.1 billion during their visits abroad. Both figures represent 6.2 and 6.1 percent increase y/y respectively.