Globalworth acquires Kraków office complex for €139 mln

Investor Globalworth Poland has finalized the acquisition of the Quattro Business Park office complex in Kraków from Starwood Capital Group for €139 million. With its portfolio of more than 290,000 sqm of office space in Poland, the company is now the biggest office property owner in the country. Th...

Locked content Bio-Gen enters Saudi Arabia and Morocco market

Polish biotechnological company Bio-Gen signed an agreement for sale of its products and joint researches in Saudi Arabia and Morocco. The agreement was concluded with Agriculture Solutions House ASH (Saudi Arabia) and Mikou Event (Morocco), Bio-Gen informed. Under the agreement, both companies beca...

Locked content Polish and Israeli Space Agencies strengthen cooperation

Polish Space Agency signed a letter of intent with Israeli Space Agency.   The Agencies will cooperate for the projects in areas such as robotics, advanced sensors or satellite systems and subsystems. “Israel is a valuable partner – as the world’s third most innovative economy, the internation...

Locked content Gdańsk offers 375 paid internships

Gdańsk offered 375 paid internships for students and graduates during the summer holidays. There were about 900 applicants, the minimum remuneration amounted to about PLN 1,400 gross. More than half applicants were students of the Gdańsk University of Technology, and over 30 percent applied from the...

Locked content PLN 3.3 mln will be invested in S19 road

About PLN 3.3 million will be invested in the preparatory works for construction of S19 expressway in the area between Sokołów Małopolski Północ and Jasionka. The road will be a part of Via Carpatia trail. The preparatory works are expected to be completed by 2020. The investment is a part of a bigg...

Locked content 39% of companies employ from outside EU

In Poland 39 percent of companies employ workers from outside of the European Union, Association For Legal Intervention reported. Medium companies employ the biggest number of foreigners (65 percent)  followed by the small companies (48 percent). One-fourth of the companies employing workers from ou...

Locked content Protector plans to lay off 30-85 employees

Protector – manufacturer and distributor of safety, specialized and military footwear – plans to lay off 30 to 85 employees as part of cost optimization program. The layoff will have a positive result on group result in 2018, the company said. The company estimated the maximum cost of layoffs ...

Locked content Inter Cars will pay dividend of PLN 0.71/shr

Shareholders of WSE-listed auto parts distributor Inter Cars decided to pay PLN 10.1 million as the dividend for 2017 equal to PLN 0.71 per share, the company said. The record date is set for June 29, and the dividend will be paid on July 13. In 2016 Inter Cars also paid the dividend of PLN 0.71R...

Locked content Pekao decides to pay dividend of PLN 7.9/shr

Bank Pekao shareholders decided to pay the dividend of PLN 7.9 per share for 2017 or PLN 2.07 billion in total, the bank said. The remaining net profit in the amount of PLN 14.6 million will be allocated to reserve capital. The record date is set for July 6, and the dividend will be paid…

Locked content CCC plans to issue bonds for PLN 210 mln

Footwear retailer CCC decided to issue up to 210,000 bonds for a nominal value of up to PLN 210 million.  Bonds will be offered to holders of series 1/2014 bonds. Bondholders should, in turn, sell all 1/2014 bonds to the company or to mBank. The new bonds will be issued as part of bond issuance̷...