Number of insolvencies up by 14% y/y in H1

The number of insolvencies of Polish companies increased by 14 percent y/y to 580 in the period from January to July 2018, according to Euler Hermes on the basis of official data from Court and Economic Monitor. The transport sector saw the most insolvencies where the y/y increase amounted to 29 per...

Record leasing activity in warehouse sector – JLL

Approximately two million sqm of warehouse space was leased in Poland in the first half of this year, which is the best result in the entire history of the Polish market, according to the latest report by JLL. Retail chains, logistics companies and companies from the light production sector generate...

TK Maxx stays at Sarni Stok mall in Bielsko-Biała

Fashion retailer TK Maxx has renewed its lease agreement for 2,445 sqm of retail space at the Sarni Stok shopping center in Bielsko-Biała in southern Poland. The tenant has been present in the location since 2009. Sarni Stok comprises more than 33,000 sqm and houses 90 stores and points of service. ...

Octava leases 5,000 sqm of office space across Poland

Investor Octava Property Trust has in recent months finalized almost 20 lease agreements for a total of around 5,000 sqm of office space across its Polish portfolio. The deals concern space in buildings including Renaissance Tower in Warsaw (OptiOffice, 1,376 sqm), Lighthouse in Warsaw (Nowatorska S...

Locked content Pilab to move to WSE main market

Listed on the small-cap, alternative NewConnect market, IT firm Pilab, filed a motion to the Financial Supervision Authority KNF to issue up to 1.35 million new shares, with the exclusion of pre-emptive rights and transfer of quotations to the regulated market of the WSE. On August 6, EGM of Pilab a...

FinMin: Next year’s budget deficit at PLN 28.5 bln

The budget deficit planned for 2019 is PLN 28.5 billion, said the Minister of Finance Teresa Czerwińska in an interview with TVP Info. She added that this year’s deficit may be implemented in 60-70 percent. “We have planned a deficit of PLN 41.5 billion this year and there are many indications that ...

Treasury debt inches down to PLN 947.1 bln

The debt of the State Treasury of Poland decreased in June by PLN 9.1 billion m/m to PLN 947.1 billion, the Ministry of Finance said. Since the beginning of the year, the treasury debt has increased by PLN 18.6 billion, the ministry said.