Awbud to build Międzyzdroje apartment hotel

Investor Minde has selected builder Awbud as the general contractor of its planned By The Sea Resort apartment hotel project in Międzyzdroje on the Baltic coast. The value of the contract amounts to PLN 70.5 million. The four-floor scheme will comprise 207 rooms and will also include conference spac...

Locked content GetBack CEO sees chance to return to development in 2-3 years

GetBack management sees for the company a chance of returning to the development in 2-3 years. The proposals presented in the restructuring plan may change and the company is open to attract a strategic investor, but currently, nobody is interested, company CEO Przemysław Dąbrowski said. In Dąbrowsk...

J.W. Construction launches sales in Warsaw high-rise project

Warsaw Stock Exchange-listed developer J.W. Construction has launched pre-sales of apartments in Bliska Wola Tower, the final phase of its flagship Bliska Wola project located at the intersection of Al. Prymasa Tysiąclecia and ul. Kasprzaka in the Wola district of the Polish capital. The 27-floor sc...

Locked content Poczta Polska and NCBR will work on development of electric cars

Poczta Polska and The National Centre for Research and Development (NCBR) signed a letter of intent on cooperation for the development of electric cars in Poland. They will also work in the field of automation and robotics,  Poczta Polska said. In April, Poczta Polska started the largest tests of el...

Locked content Court declares Admiral Boats bankruptcy

The District Court in Gdańsk declared the bankruptcy of Admiral Boats, the company said on Thursday. At the same time, the court dismissed an application to approve terms of Admiral Boats sale in the course of the liquidation procedure. The Management Board of Admiral Boats filed an application for ...

Locked content Standard Chartered will open office in Warsaw

Standard Chartered plans to open an office in Warsaw. The new office will provide support and consulting services for other companies of the group. “Standard Chartered Global Business Services Sp z o.o. will be the global bank’s business center, joining the network of such centers alread...

Locked content Dębica shareholders to vote on buyback and dividend policy

Dębica minority shareholder Altus TFI proposed changing Dębica dividend policy for 2018-2022 and to pay 100 percent of net profit as dividends. Altus TFI also suggested a share buyback of up to 2.6 million shares at PLN 170 per share. The buyback amount should not exceed PLN 436.5 million. Dębica sh...

Locked content GUS: Inflation expected below 1.5% at end of 2018

Consumer inflation in May was at 1.7 percent y/y, in line with the expectations of Polish Central Statistical Office (GUS). In the following months, it may be even higher, exceeding 2 percent y/y.  But at the end of the year it may be below 1.5 percent y/y, analysts said. The main reasons for inflat...

Locked content ASM Group looks into new acquisitions abroad

ASM Group is exploring possible new acquisitions abroad, primarily in Western, Central and Eastern Europe. Last week ASM Group bought German Grupa Vertikom. The company CEO Adam Stańczak said that, following the expansion in Italy, it was a natural step to enter DACH region (Germany, Austria, and Sw...

Locked content Triggo plans to debut on NewConnect

The developer of electric vehicles Triggo plans initial public offering (IPO) on NewConnect at the end of 2018- the beginning of 2019. The company wants to raise €2.5 million in IPO and to operate on the car-sharing market. Triggo works on the development of an electric microcar, which should be an ...