Locked content Vistula revenue up 18.1% in July

WSE-listed fashion retailer Vistula Group recorded July revenue of PLN 62.3 million, a growth of 18.1 percent y/y, the company reported. Revenue from sales in the clothing segment (Vistula, Wólczanka, Deni Cler brands) amounted to PLN 31.9 million, 8.4 percent higher compared to July 2017. During th...

Locked content Nextbike will build city bike system in Chorzów

Nextbike Polska signed an agreement with Chorzów city for delivering and servicing municipal bike system. Under the plan, the system will include 46 stations and 460 bikes. The contract value is about PLN 6.7 million gross. The system will be launched in three stages. The first stage (providing 150 ...

Locked content Ailleron establishes Software Mind in US

Poland’s tech company Ailleron established a 100-percent owned subsidiary Software Mind in the USA. The company was created to accelerate development on the US market. It will mainly develop sales in Software Services segment, Ailleron said. In this segment, the group provides programming outs...

Locked content Wojas revenue up 5.7% in July

In July revenue of Polish footwear manufacturer and distributor Wojas grew by 5.7 percent y/y to PLN 16.3 million, the company informed.  Consolidated revenue from retail sales in July amounted to PLN 14.3 million, registering an increase of 8.1 percent compared to a year ago. During the first seven...

Almost €3.9 bn transacted so far in 2018 – JLL

The total value of investment transactions signed in the commercial property market in Poland in the January-July period amounts to approximately €3.88 billion, according to the latest report by JLL. The company expects the aggregate 2018 transaction volume to exceed €5.5 billion. The retail sector ...

C&W to help sell Zepter Business Center in Warsaw

Cushman & Wakefield has been appointed as the exclusive agent responsible for the sale of the Zepter Business Center office building in Warsaw. The property is located on ul. Domaniewska in the Służewiec business area of the Mokotów district of the Polish capital and offers 13,000 sqm of leasabl...

Eiffage to build more Browary Warszawskie apartments in Warsaw

Developer Echo Investment has appointed builder Eiffage Polska Budownictwo (EPB) as the general contractor of phases “D” and “F” of its Browary Warszawskie mixed-use project in downtown Warsaw. The company will build five connected residential buildings comprising a total of 451 apartments with a co...

Nearly 60% of Ukrainian employees would rather move to Germany

Over a half (59 percent) of Ukrainians working in Poland would leave for Germany, once the migration policy of Poland’s western neighbor changed to offer conditions similar to those in Poland, a study conducted by Work Service revealed. “The fact that Ukraine’s citizens are coming to the Polish job ...

Locked content Industrial PMI down to 52.9 points, lowest in 11 months

Polish industrial sector PMI dropped to 52.9 points in July from 54.2 points recorded the previous month, research firm Markit informed. This is the lowest reading over the past 11 months, signaling a slower growth rate, Markit stated. Market consensus put the figure at 54.2 points. “The latest read...

Locked content Exports up 7.8% y/y in June – KIG

Exports from Poland increased by 7.8 percent y/y and by 3.6 percent m/m, chief economist of the National Commerce Chamber (KIG) Piotr Soroczyński stated in a report. In June exports stood at an estimated €17.873 billion. He added that the value of exports in July may turn out lower than that recorde...