Vantage commercializes Zielona Góra mall

Developer Vantage Development has revealed that its Grona Park shopping center in Zielona Góra in western Poland is now fully leased out after gardening equipment supplier Hecht Polska leased the last available unit in the mall. The tenant will occupy more than 700 sqm in the location. Grona Park of...

Orbis to buy a hotel in Bucarest for €11.3 mln

WSE-listed hotel operator Orbis unit, Accor Hotels Romania signed a deal to purchase hotel Mercure Unirii in Bucharest for €11.35 million and hopes to finalize the agreement within five working days from signing the deal, Orbis said in a market filing.

Locked content Energa appoints Siwko as CEO

WSE-listed, state-run power utility Energa appointed Arkadiusz Siwko as its CEO. He replaces Alicja Klimuk, the company’s COO, who was its acting CEO since February this year when Daniel Obajtek left the company to helm state-run fuel producer Lotos. Previously, Siwko was the CEO of state-run arms p...

Locked content Coface: Bankruptcies grow by 16% y/y in 2017

The number of bankruptcies and restructurings in H1 of 2018 amounted to 467, which is 21 percent more than last year, according to a report by Coface, which forecasts that the figure will grow by 29 percent y/y at end-2018. Bankruptcy remains the most popular form of default, representing 59 percent...

PMI grows to 54.2 points in June

The Purchasing Managers Index for Poland in June has increased to 54.2 points, from 53.3 points in January. The market consensus was 53.1 points. This is the best result since the beginning of the year.

Unemployment in Poland at 3.8% in May – Eurostat

The seasonally adjusted unemployment rate in Poland stood at 3.8 percent in May, the same as the month before, the EU statistical office Eurostat said. This is a drop from May 2017, when it stood at 5.2 percent. The pan-European statistics agency, which uses roughly the same criteria as Poland’s Cen...

CCC sales grow 7.9% in June

WSE-listed shoe retailer CCC recorded PLN 405.4 million in consolidated sales revenue in June, a 7.9 percent more compared to a year earlier. In H1, revenues stood at PLN 2.02 billion, an increase of 9.6 percent y/y.

Brussels launches new case against Poland over Supreme Court reform

The European Commission launched a new case against Poland over changes to the Supreme Court which it claims undermines judicial independence in the country. The new law, which comes into force on Tuesday, lowers the retirement age for Supreme Court judges from 70 to 65, which affects one-third of t...