Locked content Pharmacy market up 7.1% y/y in July – PEX PharmaSequence

In July sales in the pharmacy market in Poland amounted to over PLN 2.7 billion, up 7.1 percent versus a year ago and down 2.9 percent compared to June, a report prepared by PEX PharmaSequence stated. An average pharmacy turnover in July was PLN 182,000, an 8 percent increase versus July 2017. PEX P...

Locked content Bankruptcies in July down 15.5% – KUKE

In July 49 companies went bankrupt, 15.5 percent less versus a year ago, Export Credit Insurance Corporation (KUKE) reported. On a monthly basis, the number of bankruptcies in July fell by 18.3 percent from 60 bankruptcies in June. Assuming economic growth rate of 4.4 percent in 2018 and net turnove...

Locked content Salaries up 7.2% in July – GUS

The average gross salary in July amounted to PLN 4,825, 7.2 percent more versus a year ago,  Polish Central Statistical Office (GUS) reported. Employment grew by 3.5 percent y/y. The wage growth in July was below Bank Pekao analysts’ forecast of 7.6 percent and declined compared to 7.5 percent...

Locked content Electricity consumption up 3.6% in July – grid operator PSE

In July electricity consumption in Poland grew by 3.6 percent y/y and amounted to 13.9 TWh, the national grid operator Polskie Sieci Elektroenergetyczne (PSE) said. In the 7-month period electricity consumption grew by 2.1 percent to 99.0 TWh. Electricity production in July increased by 4.7 percent ...

Locked content UOKiK approves Vistula and Bytom merger

The antitrust watchdog UOKiK gave the green light for the merger of Vistula Group and Bytom, the companies said. According to the merger plan, Vistula Group will receive a 100 percent stake in Bytom. Initially, the companies agreed that one share of Bytom will be exchanged for 0.82 percent Vistula s...

Locked content Mercor Q1 net profit up at PLN 5.1 mln

Producer of fire protection systems Mercor recorded Q1 consolidated net profit of PLN 5.1 million compared to PLN 2.9 million a year ago. Operating profit almost doubled to PLN 7 million from PLN 3.7 million y/y. EBITDA stood at PLN 9.3 million. The results were positively impacted by one-off factor...

Archicom revises 2018 apartment sales forecast

Warsaw Stock Exchange-listed developer Archicom expects its 2018 apartment sales to reach a similar level to that achieved last year when the company offloaded 1,431 housing units. Earlier this year, Archicom revealed that it wanted its apartment sales to grow by some 15 percent y/y in 2018. However...

More Vantage apartments now under construction in Wrocław

A subsidiary of developer Vantage Development has launched construction work on the third phase of the Dorzecze Legnickiej residential project in Wrocław. Builder Erbud, which is also the general contractor of the previous two phases of the scheme, will construct the latest phase of the development ...

Unimax completes upscale Warsaw scheme

Developer Unimax Development has finished construction work on its Rezydencja Niska 30 upscale residential project in Warsaw. The boutique scheme is located in the Wola district of the Polish capital and comprises 19 apartments. The delivery of the Rezydencja Niska 30 development means that the comp...