Locked content Ad market to grow by 2.3% in 2018 – report

Media house ZenithOptimedia expects Poland’s advertising market to grow by 2.3 percent to PLN 7.23 billion in 2018, increasing its previous forecast of 1.9 percent growth. The growth will be fueled by major sporting events such as the Winter Olympic Games in PyeongChang and the FIFA World Cup ...

Locked content Ciech Q4 profit drops

WSE-listed chemicals firm Ciech had a PLN 137.4 million net profit in Q4, down by 21 percent y/y, but above the PLN 127l2 million consensus. EBITDA amounted to PLN 270 million (a 21.8 percent growth), while revenues stood at PLN 961.7 million, up by 5.9 percent. For the whole 2017, Ciech had a PLN 3...

Locked content Oettinger: no separate eurozone budget

“We will not propose any euro zone budget. We do not want a Europe of different speeds,” said European Commissioner for Budget and Human Resources Monday, Guenther Oettinger while answering Polish MPs questions. “We want to have a budget of 27 countries, in which the interests of all member states w...

Locked content KNF head: merging KNF with NBP in politicians hands

The draft law on the integration of the KNF with the NBP was prepared more than a year ago and is still waiting for a political decision said the president of the Financial Supervision Authority KNF Marek Chrzanowski. He added that integration would guarantee independence for supervisors, especially...

Locked content Echo Investment with PLN 450 mln bond program

WSE-listed real estate developer plans to launch a bond program worth up to PLN 450 million this year. As many as PLN 300 million worth of papers will be directed to retail investors, company’s Deputy CEO Maciej Drozd said. The remaining bonds will be offered to institutional investors. Additionally...

Locked content Assseco and Comarch IT with bids to develop ZUS core system

WSE-listed IT firms Asseco Poland and Comarch submitted their bids in a tender organized by the Social Insurance Board (ZUS)  to develop the core IT system KSI, ZUS announced. Asseco’s price for one functional point in Asseco’s offer was set to PLN 12,625.95, while Comarch’s was PLN 14,7...

Locked content CCC plans to increase its retail space by 110k sqm in 2018

WSE-listed footwear retailer CCC plans to add at least 110k sqm to its retail space this year, with another 100k sqm planned for 2019, the company said in a market filing. Out of that number, 43 percent will be opened in Poland. Moreover, CCC plans to sign new franchise deals in 2-3 countries, inclu...

LH Market expands in Arkady Wrocławskie mall

Retailer LH Market has doubled the amount of space it occupies at the Arkady Wrocławskie shopping center in Wrocław. The company’s store now takes up a total of almost 2,000 sqm on two floors at the mall. Located in the center of Wrocław, Arkady Wrocławskie houses a combined 110 stores and points of...

Construction on Golub’s Kraków dormitory gets underway

Developer and investor Golub GetHouse has launched construction work on its Livinn Kraków dormitory project with builder Unibep acting as the general contractor. The scheme will involve the modernization and redevelopment of a former factory building located in the Zabłocie area of Kraków. Livinn Kr...