Locked content ‘Memento-Smoleńsk’ monument unveiled in Budapest

A memorial monument “Memento-Smoleńsk” was unveiled in Budapest’s Budafok-Teteny district on Friday, commemorating the April 2010 Smolensk airplane crash, which claimed 96 lives, including that of President Lech Kaczyński. The late president’s brother and head of the ruling Law and Justice party Jar...

Locked content PLN 350 mln for Silesia railway revamp

Polish Railway operator PKP PLK has announced a tender for refurbishing railway lines in Upper Silesia. The estimated value of the work is PLN 350 million, the operator stated. The refurbishment will be carried out in the “Design & Build” system. The renovation is to increase the speed of cargo ...

Locked content Warimpex with €41.5 mln profit in 2017

Real estate investor and developer Warimpex posted €42.37 million in consolidated revenue for 2017, with EBIDTA at €33.58 (up by 57 percent y/y) and EBIT at €55.7 million (a 116 percent growth y/y) and net profit at €41.5 million (an 81.5 percent increase y/y), according to the company’s preliminary...

Demand for mortgage loans up 13% y/y in March – BIK

The demand for mortgage loans in March (calculated as the total value of mortgage loans, for which inquiries were filed with Credit Information Bureau BIK) increased by 13 percent in March year-on-year, BIK stated. “In total 41,380 mortgage loan applications were submitted in March, compared to 44,7...

Locked content Duda sends condolences on Muenster attack

President Andrzej Duda has sent his condolences to the German President Frank-Walter Steinmeier, on the tragic attack that took place on Saturday in Muenster, western Germany. “On behalf of the Polish Nation and my own I offer our sincerest condolences. I join the families of the victims in sorrow a...

20 Polish firms in FT1000 ranking

Twenty Polish companies made it into the FT1000 ranking of the fastest growing European companies, published by the Financial Times. As many as 60 percent of the Polish firms were tech companies, including Benhaur (26th spot), Tooploox (30th), RTB House (46th), CodiLime (49th), Cloud Technologies (6...

Locked content Commerz System to employ 500 people in Łódź

German IT firm Commerz Systems wants to employ 200 people by the end of 2018 in its latest office in Łódź, opened on April 6, and plans to create 500 workplaces in total in its Polish branch. At the moment it has a payroll of 150 employees in Łódź. The company operates in Frankfurt and…

Locked content Developers sell 5,973 units in Q1 2018, record 11.5% growth y/y

Fifteen WSE-listed developers (including Victoria Dom listed on Catalyst) sold a total of 5,973 apartments in Q1 2018, 11.5 percent more than in the corresponding period of last year, according to the companies’ market filings. Robyg sold the highest number of units (914, which was 2.5 percent fewer...

Locked content Rafako to bid for PLN 7.6 bln worth of contracts

Energy construction company Rafako is planning to place tender bids for a total of PLN 7.6 billion in 2017, including PLN 4.44 billion in the energy sector and nearly PLN 3.2 billion in gas, oil and other fuels. It expects to win contracts for a total of PLN 0.9-1.2 billion, the company stated…...

Locked content 32 mln tourists visited Poland in 2017

In 2017, 32 million tourists stayed at hospitality facilities with 10 beds or more and accounted for 83.9 stays in total, according to GUS data. Compared to 2016, the figures increased by 6.2 percent and 5.7 percent respectively. The occupancy level stood at 39.3 percent in total and at 48.9 percent...