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.

Locked content PKP Cargo with PLN 90 mln H1 net profit

WSE-listed rail freight operator PKP Cargo had PLN 89.6 million net profit in H1 according to preliminary results. This is a 361.9 percent y/y growth. Estimated revenues of the group amounted to PLN 2.51 billion compared with PLN 2.27 billion last year. Operating profit grew by 194.9 percent y/y to ...

Locked content Żywiec with PLN 124 mln net profit in H1

WSE-listed beer producer Żywiec, subsidiary of Heineken, had a PLN 123.8 million net profit in H1, down from PLN 134.7 million last year, the company said in a market filing. Revenues amounted to PLN 1.64 billion, compared with PLN 1.58 billion last year. “Very good weather in April and May and addi...