Locked content President Andrzej Duda commemorated Smolensk crash victims

President Andrzej Duda commemorated the victims of the Smolensk plane crash, who are buried at the Powązki Cemetery in Warsaw. Eight years after the catastrophe Duda laid flowers in front of Smolensk victims’ monument and on their graves. The president, who briefly spoke with relatives of the victim...

Locked content Smolensk disaster monument unveiled in Warsaw

On the eight anniversary of the Smolensk tragedy, a monument commemorating the 96 people killed was unveiled in Warsaw, on the Piłsudski square. The families of the deceased took part on the ceremony. The monument was designed by Jerzy Kalina. It lists all the casualties of the 2010 plane crash. The...

Clariant leases 4,000 sqm at Monopolis in Łódź

Swiss chemical company Clariant has leased almost 4,000 sqm of office space at the Monopolis mixed-use project, which Virako is currently developing in downtown Łódź. The tenant will open its new shared services center in the location. The Monopolis scheme will involve the revitalization and redevel...

FPP buys land for new Wrocław project

Developer Fadesa Polnord Polska (FPP) has acquired almost 6,000 sqm of land located in the Krzyki area of Wrocław, on which it plans to build a residential project with 144 apartments. The sales of units in the scheme are expected to be launched in third quarter of this year. Founded in 2005, FPP is...

Locked content Ergo Hestia with 13% growth y/y in insurance premiums in 2017

Sopot-based insurer Ergo Hestia Group posted PLN 5.854 billion in gross written premiums in 2017, a 12.8 percent increase y/y. The company’s net profit amounted to PLN 191.95 million. The premiums for property insurance stood at PLN 5.435 billion (up by 26.8 percent y/y), while the life insurance pr...

Locked content Kruk’s debt portfolio acquisitions 84% down y/y in Q1 2018

The nominal value of liabilities acquired by debt collector Kruk in Q1 2018 amounted to PLN 600 million, an 84 percent drop y/y. Investment outlays stood at PLN 125 million, a 41 percent decrease y/y, the company stated. “We’ve been closing the final details on several more major transactions, … alt...

Locked content PLN 130 mln for start-ups in eastern Poland

The Polish Agency for Enterprise Development (PARP) has earmarked PLN 130 million for start-ups in eastern Poland within a competition called “Launch platforms for new ideas.” Companies active in five eastern voivodships (Warmińsko-Mazurskie, Podlaskie, Lubelskie, Podkarpackie and Świętokrzyskie) wi...

Locked content Lotos may take over Orlen in planned Orlen-Lotos merger – sources

According to sources cited by daily Rzeczpospolita, it could be the Lotos Group taking over Orlen, rather than the other way round, in the planned transaction set to merge the two fuel concerns. Orlen will issue shares that will be acquired by the shareholders of the Płock-based Lotos Group. This tr...

Locked content Jeronimo Martins CIT payment up 12.4% y/y in 2017

Jeronimo Martins Polska, the owner of the Biedronka supermarket chain, will pay PLN 460.14 million in CIT tax for 2017, an increase of 12.4 percent y/y, the company stated. On April 6-7 the chain offered its clients over 2,000 products VAT-free. As many as 55 percent of clients took advantage of the...