Locked content Transfers to Poland down, transfers to Ukraine up

Transfers from Polish emigrants in Q1 2018 reached PLN 3.7 billion, while transfers from Poland to other countries amounted to PLN 3.4 billion, NBP stated. The majority of transfers to Poland originated in Germany (PLN 1.3 billion) and the UK (PLN 0.8 billion). Compared to Q1 2017, the value of tran...

Locked content Introl receives offer for sale of RAControls

An undisclosed sector investor has submitted its intent to acquire Introl’s subsidiary, RAControls, Introl stated. In January 2018, Introl decided to look for strategic options supporting the company’s further development. RAControls is an authorized distributor of equipment and software produced by...

Szczecin’s Galeria Gryf mall remodeled

Retailer Carrefour Polska has finished remodeling its Galeria Gryf shopping center in Szczecin in north-western Poland. The modernization project was launched in June 2017 and entailed the renovation of the building’s façade and interior, as well as the arrangement of a new 300-sqm restaurant area i...

Generali acquires Plac Małachowskiego offices in Warsaw

Europa Capital and White Star Real Estate have completed the sale of the Plac Małachowskiego office building in downtown Warsaw to Generali Real Estate. The value of the transaction has not been disclosed. Dating back to 1907 and thoroughly refurbished in 2013, the property comprises 14,500 sqm of l...

Atal offering office units in Kraków

Warsaw Stock Exchange-listed residential developer Atal has launched sales in the latest phase of its Atal Residence housing project in Kraków that will offer 21 office units sized from over 22 sqm to more than 514 sqm. This phase of the scheme, which will involve the revitalization of a historic fa...

Prologis launches SBU investment in Poznań

Developer Prologis has launched construction work on a 13,000-sqm SBU (Small Business Unit) project within its new Prologis Park Poznań III logistics park in Poznań. The scheme is scheduled to be completed in the final quarter of this year. The SBU development is currently 14-percent leased out to E...

Locked content Budimex and Strabag with PLN 480 mln A1 deal

WSE-listed builder Budimex along with its partner Strabag signed a PLN 478.8 million deal with road authority GDDKiA for the A1 highway segment connecting Tuszyn and Bełchatów. Both companies have 50 percent stake in the bid. The length of this sections of the highway is roughly 16 kilometers long. ...

Locked content Ministry wants power groups to trade all energy on TGE power exchange

The Ministry of Energy wants power utilities to sell all of their output on the TGE power exchange. Excluded would be cogeneration and renewable energy. The ministry hopes that such move will stabilize prices on the energy market which have gone up in recent months. “I hope that it will prevent unju...

BIEC: Economic sentiment drops in July

The leading indicator of economic sentiment (WWK) in Poland estimated by the Bureau for Investments and Economic Cycles (BIEC) decreased by 0.3 points and stood at 167.3 points in July.