Locked content Idea Bank’s management calms investors after recent stock plunges

The management of WSE-listed Idea Bank issued a statement in which it reiterated that the lender is in stable condition and recent stock declines have “no fundamental grounds.” “There are no fundamental grounds justifying the recent stock price fluctuations. The bank’s situation is stable,” th...

Locked content Danwood suspends IPO

Prefabricated houses producer Danwood suspended its IPO after failing to “secure satisfactory terms” regarding the issue price. “The reason for the suspension of the offer is the price offered by institutional investors during book building, which according to the selling shareholder does not reflec...

Locked content Chemoservis-Dwory in ‘difficult financial condition’

WSE-listed chemical and industrial infrastructure operator Chemoservis-Dwory said it is in a “difficult financial condition,” and does not rule out restructuring, the company said in a market filing, adding that two weeks ago it received a call for bond payments for some PLN 16.5 million from Noble ...

Atal with new housing scheme in Poznań

Warsaw Stock Exchange-listed developer Atal has launched sales of apartments in its Rezydencja Chwaliszewo residential project in downtown Poznań. The scheme, which is scheduled to be completed in the second quarter of 2020, will be located close to the city’s Old Market Square and the bank of the W...

Dom Development launches upscale Warsaw project

Warsaw Stock Exchange-listed developer Dom Development has launched sales of units in its Apartamenty Dolny Mokotów upmarket residential project in the Polish capital. The scheme, which was designed by the HRA Architekci studio and will be located on ul. Jana III Sobieskiego in the Mokotów district ...

Retail investment volume could exceed €3 bn in 2018 – JLL

The total value of investment deals closed in the retail property market in Poland in the first quarter of this year amounts to more than €1.7 billion, according to JLL data. The company’s experts predict that – given the number of ongoing transactions and the availability of retail product in the c...

Locked content Jagiellonian University and Grupa Azoty sign cooperation agreement

The Faculty of Chemistry at the Jagiellonian University in Kraków and Grupa Azoty, the largest Polish chemical corporation, have signed a cooperation agreement. It involves scientific and research cooperation in the field of chemical sciences, new materials and technologies as well as environmental ...

Locked content ME, PGNiG, PKN Orlen, PGE recruiting for internship program

The Ministry of Energy, the Polish state Oil and Gas Company (PGNiG), the Polish Energy Group (PGE) and PKN Orlen have launched the third edition of the “Energy for the future” internship program, PGNiG announced. The companies and the ministry offer, as part of the program, an annual pa...

Locked content LOT orders 3 more Dreamliners, to have fleet of 15 by end 2019

Polish national airline LOT has ordered another three Boeing 787-9 Dreamliners under an operating lease. The aircraft will be delivered in 2019, the carrier has announced. Taking into account all contracts signed, in this and next year the carrier will have six Dreamliners in its fleet, reaching the...