Locked content Uncertainty around Iran may affect Polish złoty

The geopolitical tension around Iran may cause investors’ aversion to the Polish złoty, head of sales and education at CMC Markets Maciej Leściorz said. There are speculations that President Trump may soon announce new sanctions on the Ayatollah state. The EUR/PLN exchange rate on Thursday mor...

Locked content Cyfrowy Polsat sees single-digit growth in 2018

WSE-listed Cyfrowy Polsat was positively surprised by the growth in TV advertising market in Q1, but has maintained its single-digit growth forecast for 2018,  board member Maciej Stec said during the conference. According to Polsat’s estimates based on the Starcom data, expenses for advertisi...

Locked content British Automotive Holding car sales grow by 25% in April

WSE-listed automotive distributor British Automotive Holding (BAH) sold 283 Jaguar Land Rover cars in April,  25 percent more than a year ago. In the first four months of 2018 BAH car sales reached 1,111 units, growing by 33 percent y/y. The most popular model for several months in a row was Jaguar ...

Locked content Energa Q1 net profit down at PLN 275 mln

Energa consolidated net profit in Q1 declined to PLN 275 million from PLN 210 million a year ago, the company reported. EBITDA grew by 4 percent y/y to PLN 626 million. The result had a positive impact from “limiting additional legal and contractual burdens.”  Sales revenue in Q1 slightly fell to PL...

Locked content Pekao, Alior will decide about merger by end of Q2

Negotiations about merger or cooperation of Pekao and Alior should finish by the end of Q2. “We would like to take the decision as soon as possible, no later than by the end of Q2,” Pekao CEO Michał Krupiński said. Pekao and Alior announced they were considering cooperation or a merger in October 20...

ASK moves into 12,000-sqm BTS facility in southern Poland

Automotive sector company ASK Poland, part of the JVC Kenwood group, has moved into a new built-to-suit facility at Wilkowice near Bielsko-Biała in southern Poland, which was completed by developer and builder P.A. Nova. The tenant, who was advised by Axi Immo during the lease negotiations, occupies...

More Archicom apartments on offer in Wrocław

Warsaw Stock Exchange-listed Archicom, one of the biggest residential developers in Wrocław, has launched apartment sales in the third and final phase of its Forma project in the city. On offer are a total of 255 housing units in three buildings that are scheduled to be completed in 2020. When fully...

Dekada Grójec extension fully leased out

Developer Dekada has revealed that the new part of its eponymous convenience shopping center project in Grójec in Mazowieckie voivodship has already been fully commercialized. The company is currently extending the 5,700-sqm scheme by an additional 3,000 sqm of GLA with the investment scheduled to b...