Panattoni to develop 27,400-sqm Ideal Automotive factory

Developer Panattoni Europe will build a 27,400-sqm factory in Świdnica in Lower Silesia for car parts manufacturer Ideal Automotive. This will be the developer’s third project for this client with the first two schemes being located in Zielona Góra and in the Czech Republic. Construction work on the...

CPI acquires HopStop retail park portfolio

Czech investor CPI Property Group has finalized its acquisition of a portfolio of five HopStop-branded retail parks across Poland from developer Katharsis Development. The portfolio includes four existing properties – located in Radom (opened in 2013), Zamość (two parks, opened in 2015 and 2016) and...

Locked content CBOS: Duda work seen positive, Sejm negative

A new opinion poll has shown that the number of Poles who assess Polish president Andrzej Duda’s work positively has increased by 3 percentage points to 63 percent according to a poll conducted by CBOS. Currently, 28 percent (unchanged) of the respondents gave the president’s activity a ...

Locked content Energa with PLN 626 mln Q1 EBITDA – estimates

WSE-listed power utility Energa had a PLN 626 million EBITDA in Q1, according to the company preliminary results. Out of that figure, PLN 509 million came from the distribution sector. Last year, the company posted a PLN 601 million EBITDA. The company produced 1,039 GWh electricity and distributed ...

Employment and wages grow in March – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in companies in March grew by 3.7 percent year-on-year, while the wages grew by 6.7 percent y/y. In month-to-month terms, employment grew by 0.1 percent, while salaries increased by 6.2 percent as well.

Housing permits grow in March – GUS

In March, the number of dwellings on which construction has started inched down y/y by 4.3 percent to 20,178, according to data released by the Central Statistics Office (GUS), in m/m terms it soared by 45.7 percent. Moreover, the number of dwellings completed increased by 12 percent y/y to 15,332.

HICP inflation at 0.7% in March – Eurostat

The harmonized index of consumer prices for Poland stood at 0.7 percent year-on-year in March after the same growth in February, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices remained unchanged.

Locked content Small format stores sales grow 9% in March

The sales in small format stores (up to 300 sqm) grew by 9 percent y/y and 23 percent m/m in March, the Polish Chamber of Commerce PIH said. “This was not only due to the fact that March has three more days than February, but also due to increased purchases related to preparations for Easter…....

Locked content Orlen launches due diligence of Lotos ahead of potential takeover

WSE-listed, state-run fuel giant PKN Orlen launched the due diligence of its peer Lotos, as part of the planned merger process, Lotos said in a market filing. “The management board of the company informs that it has taken the necessary steps to ensure the due diligence process in accordance with app...

Locked content Asseco International mulls takeovers, potential IPO

Asseco International, a subsidy of WSE-listed IT giant Asseco, could enter a Western stock exchange to finance a prospective major acquisition, its CEO Józef Klein said. “We are planning to make further acquisitions, and we need capital for it. We have the opportunity to enter the stock exchange, bu...