Locked content Redan revenues fall by 3% in April

WSE-listed clothing company Redan recorded in April consolidated revenue of PLN 50 million, a 3 percent decline year-on-year. “The area of entire sales network of Redan Group at the end of April 2018 amounted to 142,200 sqm,  by about 2 percent less compared to April 2017,”  the company ...

Locked content T-Mobile Polska Q1 adjusted EBITDA declines to PLN 401 mln

T-Mobile Polska recorded PLN 1.57 billion revenue in the first quarter, a 0.2 percent drop year-on-year. Adjusted EBITDA fell by 7 percent to PLN 401 million, the company reported. EBITDA was affected by increased costs of serving clients in roaming resulting from “roam like in home” regulation in E...

Locked content Ten Square Games will debut on WSE on May 11

Mobile games producer Ten Square Games will debut on the main market of the Warsaw Stock Exchange on May 11, the company said. Ten Square Games offered about 2 million shares in IPO equal to 28.1 percent of the capital. The price was set at PLN 46 per share. Ten Square Games was founded in…

Locked content Unemployment rate in April declines to 6.3% – MRPiPS

Poland unemployment rate in April fell by 0.3 percentage points to 6.3 percent, Ministry of Family, Labour and Social Policy (MRPiPS) said. There were 1.04 million of unemployed in April, 47,900 fewer than in March. The number of unemployed decreased in all Polish Voivodships with the strongest decl...

Locked content Cognor expects economic growth, rise of steel demand in Poland

Steel producer Cognor expects maintenance of economic growth in Poland and possible increase of demand for steel in the near future, company finance director Krzysztof Zoła said. Steel production in Poland will keep growing year-on-year in the second quarter, however without new investments, further...

Locked content Getback aims to return to normal operations

Troubled WSE-listed debt collector GetBack plans to rebuild the company value and return to normal operations. The company doesn’t exclude sale of some portfolios. A scenario with attracting an investor or investors is also possible, company representatives said. “Getback will honestly and timely in...

Ibis Styles hotel to open in Nowy Targ in 2019

Warsaw Stock Exchange-listed hospitality company Orbis Hotel Group, which is majority-owned by AccorHotels, has signed a franchise agreement regarding the opening of an ibis Styles-branded hotel in Nowy Targ in southern Poland. The hotel will include 106 rooms, a restaurant, a swimming pool and over...

Asbud apartments in Warsaw with green credentials

Developer Asbud Group has had its under-construction Metropoint Apartments residential project in Warsaw BREEAM-pre-certified at the “Very Good” level. According to the company, once completed the scheme will be the first housing development in Poland to feature such certification. The investment is...

Record demand for warehouse space in Q1 – C&W

A total of more than 1.18 million sqm of warehouse space was leased in Poland in the first quarter of this year, which is the best Q1 result in the history of the Polish market, according to the latest report by Cushman & Wakefield. The most space was taken up in the period in central Poland (20...