Unemployment keeps dropping

Unemployment rate stood at 6.3 percent in April 2018, down by 0.3 pp from the March reading of 6.6 percent, statistics office GUS stated. The figure came in on par with earlier estimates of the Ministry of Labor and Social Policy. According to GUS data, there were 1.042 million unemployed registered...

Locked content Kernel reports $38 mln loss in Q1 2018

WSE-listed Ukrainian food producer Kernel Holding reported $38.08 million net loss in Q1 2018 (third quarter of the company’s 2017/2018 fiscal year), against a $32.93 million profit in the corresponding period of 2017. Operational profit came in at $52.64 million, down from $67.31 million in Q1 2017...

Locked content Mostostal Zabrze with PLN 3.3 mln profit in Q1 2018

Construction company Mostostal Zabrze recorded PLN 3.3 million of consolidated net profit in Q1 2018, against a PLN 2.19 million net loss in the corresponding period of last year, the company stated. Operational profit stood at PLN 6.99 million, compared to PLN 0.8 loss in Q1 2017. Consolidated reve...

Echo sells Wrocław offices for €35.8 million

Investor Globalworth Poland has finalized its acquisition of the West Link office building in Wrocław from developer Echo Investment for €35.8 million. Completed in March this year, the building comprises more than 14,200 sqm of office space and has already been fully leased out. The property is occ...

Polnord buys land for new Warsaw project

Warsaw Stock Exchange-listed developer Polnord has signed preliminary agreements for the acquisition of two plots of land located near ul. Lazurowa in the Bemowo district of the Polish capital where it is planning a new residential project comprising approximately 16,800 sqm of usable space. The sch...

Warehouse property market still booming – JLL

A record 1.1 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 JLL. The volume allows one to be optimistic about the prospects for the coming months, argued Tomasz ...

Locked content New Beskydy Tunnel Doubles Rail Capacity to Europe

By Jack Laurenson, managing editor of the Ukraine Business Journal Kyiv – The Beskydy Rail Tunnel, connecting Ukrainian train lines with the European Union and eliminating troublesome bottlenecks, officially opens today, ministers have confirmed. For decades, the old one-track tunnel was a vital tra...

PGZ joines multi-task aircraft construction program

Polska Grupa Zbrojeniowa (PGZ) joined the program for the construction of an innovative multi-task turboprop new generation ILX-34 – the armaments company said. According to PGZ, this is the first step towards the revitalization of the domestic aviation industry.

Locked content Consumer loans up PLN 1.47 bln m/m in April

The total value of consumer loans granted by banks increased by PLN 1.468 billion month-on-month in April reaching PLN 179 billion, NBP stated. The value of consumer loans denominated in foreign currencies decreased by PLN 122.1 million to a level of PLN 4.441 billion, while loans denominated in the...