Housing permits drop in July – GUS

In July, the number of dwellings on which construction has started increased by 3.4 percent y/y to 18,900, according to data released by the Central Statistics Office (GUS), in m/m terms it dropped by 15 percent. Moreover, the number of dwellings completed decreased by 12 percent y/y to 15,252.

Locked content CD Projekt sets up mobile games unit

WSE-listed video games developer CD Projekt has acquired the majority stake in the company Spokko. The new subsidiary will work on a yet-to-be-announced project for mobile devices, the company said. “We’ve known people behind Spokko for a few years and they came to us with an interesting...

Locked content Esotiq & Henderson July sales up by 4% y/y

WSE-listed clothing and cosmetics retailer Esotiq & Henderson had PLN 14 million revenue from sales in July, about 4 percent more y/y. January-July sales amounted to approx. PLN 86.5 million and were higher by 1 percent as in the corresponding period of the previous year. Last month, revenue fro...

Locked content LPP plans further Israeli expansion

WSE-listed fashion retailer LPP plans to open its second Reserved store in Israel in H1 2019, furthermore, it mulls opening a Sinsay brand store there as well. The company ultimately wants all its brands to debut on the Israeli market and together with its franchise partner H&O, is currently hol...

Locked content Duda vetoes new election laws

President Andrzej Duda last week that he is vetoing a law proposed by the ruling Law and Justice (PiS) party that would benefit bigger parties in European Parliament elections next year. “The proposed law goes too far from the required rule of proportionality. Its introduction would result in a larg...

Locked content Remango submits Exact Systems takeover motion

Remango Investments submitted an application to the antitrust watchdog UOKiK regarding the takeover of control over Exact Systems. The application was filed on August 16, the case is pending. Back in May, Work Service signed the framework conditions for the sale of all its 69 percent stake in the Ex...

Locked content AmRest to redeem early PLN 140 mln bonds

WSE-listed restaurant operator AmRest plans to early redeem PLN 140 million worth of bearer bonds on September 28, instead of their original redemption date of September 10, next year, the company said in a market filing. “The early redemption of the Bonds at the request of the Issuer will be carrie...

Panattoni developing 10,000-sqm BTO project in Nysa

Developer Panattoni Europe has launched construction work on an over 10,000-sqm warehouse project for snacks producer Intersnack Poland, the owner of such brands as Felix and Crispers. The scheme, which will be located in Nysa in south-western Poland, next to the client’s existing production plant, ...