Cromwell, Bouygues form logistics partnership in CEE

Real estate investor and manager Cromwell Property Group has entered into a strategic partnership with Linkcity, part of construction group Bouygues Construction, to invest in the rollout of a portfolio of logistics and light industrial assets in Central and Eastern Europe that will eventually have ...

Locked content Play with PLN 153 mln Q1 net profit

WSE-listed telecom operator Play Communications recorded a consolidated net profit of PLN 152.9 million in Q1, below the PLN 164.7 million consensus and way up by 726 percent y/y (7 percent q/q growth). Operating profit was up to PLN 321.7 million representing a 2.7 percent increase. Adjusted EBITDA...

Locked content OFEs transfers PLN 668 mln to ZUS in April

Private pension funds OFE transferred PLN 667.9 million to the Social Security Fund ZUS under the pre-retirement asset shift in April. In the other direction, PLN 287.99 million in premiums were transferred. Under the Polish law, each OFE member has their assets transferred to ZUS over the 10-year p...

Brussels hopes to reach compromise over rule of law by June

The European Commission deputy president Frans Timmermans said that he hopes that Poland and EU will settle a dispute over the rule of law soon and mentioned the June 26 meeting of the General Affairs Council as a “make or break” date. “I hope the Polish government will see that it has to take a few...

GUS: Poland with trade deficit in Q1

According to data released by Poland’s Central Statistical Office (GUS), in Q1 Poland had a PLN 4 billion trade deficit. Last year, in the first three months of the year, Poland had a PLN 2.9 billion trade surplus.

Locked content Analizy Online: TFIs with PLN 8.6 bln outlows in April

Polish investment funds (TFIs) recorded a PLN 8.6 billion net outflows in April, largely due to nearly PLN 10 billion in net outflows from one of the non-retail Skarbiec TFI funds. Cash funds recorded PLN 1.8 billion net inflows, which brings the year-to-date figure to PLN 7.4 billion, according to ...

Locked content Poles want to work in Germany, the Netherlands – report

Poles are most willing to work in the euro zone countries, such as Germany (31.4 percent) and the Netherlands (15 percent), according to a recent report by HR consultancy Work Service. Moreover, if Poland were to adopt the euro it would be an incentive to travel abroad for work for over 1/3 of emplo...