Locked content Cyfrowy Polsat Q2 net profit down at PLN 235.8 mln

In Q2 Cyfrowy Polsat reported PLN 235.8 million consolidated net profit versus PLN 291.2 million a year ago. Operating profit fell to PLN 475.6 million compared to PLN 517 million in Q2 2017. Revenue rose to PLN 2.6 billion from PLN 2.47 billion y/y. In H1 the company had PLN 536.6 million of net pr...

Locked content Public debt in 2019 will decrease by 1.7 p.p – Czerwińska

Government debt will be reduced by 1.7 percentage points in 2019, Minister of Finance Teresa Czerwińska said. She added that Poland has very low debt for EU standards. On Tuesday the Council of Ministers adopted a preliminary budget for 2019. It assumes 3.8 percent GDP growth, 2.3 percent inflation,...

Locked content Furniture export from Poland seen up 7% in 2018

The value of furniture export from Poland will amount to €10.95 billion (over PLN 46 billion) in 2018, a 7 percent increase y/y, a company specializing in furniture market analysis B+R Studio estimated. For several years, Germany has been the main recipient of furniture exported from Poland. In 2018...

Trei Real Estate opens ninth Vendo Park project in Poland

Developer and investor Trei Real Estate has opened for business its ninth Vendo Park-branded retail park project in Poland, which is located in Chodzież, approximately 70 kilometers north of Poznań. The scheme comprises more than 4,000 sqm of space and houses such tenants as Media Expert, KiK, Marte...

Colliers to advise on WELL certification

Colliers International has introduced a full range of services related to applying for WELL certification. Unlike BREEAM and LEED certificates, which are very popular in Poland and focus on the energy efficiency and environmental performance of buildings, WELL certificates focus on the health and we...

Locked content Unimot with net loss of PLN 14.7 mln

Petrochemical firm Grupa Unimot, part of AVIA International, recorded an operational and net loss in H1 2018 of PLN 14.7 million and PLN 14.7 million respectively, compared to PLN 17.6 million operational profit and PLN 12.1 million in net profit recorded in H1 2017. EBITDA for H1 2018 came in at ne...

Locked content PLN 10 mln for sports infrastructure – Mazowieckie voivodship

Mazowieckie voivodship has allocated PLN 10 mln for the construction and renovation of, among others, sports fields, skate parks and playgrounds. On Wednesday, the marshal of Mazowieckie voivodship Adam Struzik and representatives of 41 municipalities signed agreements for co-financing of these inve...

PM: Eastern Poland to see more infrastructure investments

The region of eastern Poland will be one of key regions, where infrastructure investments will be located, PM Mateusz Morawiecki said at the opening of the new section of the S12 expressway in the Lubelskie voivodship. “Our great infrastructural and road development program, both local and expresswa...

Locked content Tauron’s profit down in H1 to PLN 568 mln

Tauron’s H1 profit arrived at PLN 568.4 million compared to PLN 1 billion in the corresponding period of last year, while EBITDA increased by 2 percent y/y to reach PLN 2.19 billion, the company stated in its H1 report. Operational profit came in at PLN 954.9 million, compared to PLN 1.295.5 billion...