Locked content iTaxi to operate at Chopin Airport and Warsaw main stations

iTaxi won tenders for the service of Chopin Airport and the Central and West  Stations in Warsaw, the company stated. Its taxis will be available at two terminals of the arrivals hall at the Warsaw Chopin Airport from August 1 this year. The company’s taxis have already been operating at the C...

Locked content New car registrations up by 7.37% y/y in May

In May 47,729 passenger cars and delivery vehicles were registered; 7.37 percent more year-on-year, market researcher Samar reported based on data from the Central Register of Vehicles and Drivers. In comparison to April, the number of new registrations fell by 4.9 percent (2,458 vehicles). During t...

Locked content Unemployment in May at 6.1% – Rafalska

The unemployment rate in May was recorded at 6.1 percent, dropping by 0.2 percentage points from April, Minister of Family, Labor and Politics Elżbieta Rafalska said. This is in line with the expectations of economists. On a yearly basis, unemployment in May dropped by 1.2 percentage points. “...

Locked content World Bank board supports new strategy for Poland

Reforms of the health care system, improvement of air quality,  and support of regional development are the key areas of the six-year World Bank Group strategy for Poland. Poland has achieved the status of a developed country in the last decade, growing at an average rate above 3.5 percent GDP,  whi...

Locked content Agricultural drought recorded in Poland

The Institute of Soil Science and Land Care (IUNG) reported an agricultural drought on the territory of Poland. The biggest threat of agricultural drought occurred to spring cereal crops. Droughts were recorded in all voivodships in Poland, with 10 of them in all municipalities. The drought was reco...

Locked content Silvair plans to issue new shares under IPO

Silvair Inc., a company offering solutions in the field of IoT (Internet of Things) plans to issue new shares and to debut on the Warsaw Stock Exchange (WSE), the company said. The acquired funds will be used, among others, to construct distribution channels for products with global market potential...

Locked content Gino Rossi sales up 3.4% y/y in May

Fashion retailer Gino Rossi sales in May grew by 3.4 percent y/y to PLN 17.3 million. In the January-May period sales amounted to PLN 67.5 million, declining by 12.8 percent y/y. The share of B2B sales was 39 percent and increased compared to May 2017 by 15.5 percentage points. E-commerce sales decl...

Locked content Amica sees 2018 EBITDA margin not lower than in 2017

Kitchen appliance producer Amica expects that despite weaker results in Q1, its EBITDA margin in 2018 will be at least similar to the previous year, i.e. above 7 percent, vice-president Wojciech Kocikowski said. In Q1 EBITDA margin decreased by 2.1 percentage points to 6.7 percent. Revenues grew 10 ...

Warsaw’s Varso tower with BREEAM certification

Developer HB Reavis has secured a BREEAM Interim certificate for energy efficiency and environmental performance at the “Outstanding” level for its ongoing Varso office skyscraper project in downtown Warsaw. The scheme was earlier also pre-certified in the WELL system. The 310-meter Varso skyscraper...

Record low office vacancy rate in Warsaw – Cresa

The vacancy rate in Warsaw’s office property market decreased to 10.8% in the first quarter of 2018, which is the lowest level to have been recorded in the last five years, according to the latest report by Cresa. The company’s experts predict that the rate will continue to drop this and next year w...