Locked content PGNiG Q2 net profit up at PLN 704 mln

WSE-listed gas giant PGNiG reported PLN 704 million of consolidated net profit in Q2 compared to PLN 499 million a year ago. Operating profit grew to PLN 969 million from PLN 768 million y/y. EBITDA rose to PLN 1.63 billion from PLN 1.41 billion y/y. Revenue amounted to PLN 7.64 billion. In H1 net p...

Locked content Poles have about PLN 71 bln of debt

Total debt of Poles resulting from, among others, late payments of credits, loans, alimony and utility bills stood at nearly PLN 71 billion, BIG Infomonitor and BIK informed. In H1 2018 the debt grew by about PLN 6.5 billion: by PLN 5.25 billion in Q2 and by PLN 1.24 billion in Q1. In Q2 the…

Poland Business Run 2018

September 2nd is the date for the 7th Poland’s largest charity relay; Poland Business Run 2018. As in the previous years, 5-people team pulling together, among others, representatives from Polish companies and institutions, will make their start simultaneously in the biggest cities in Poland i...

Unidevelopment starts new residential project in Warsaw

Developer Unidevelopment has launched pre-sales of apartments in the first phase of its Osiedle Coopera residential project in Warsaw. On offer are 100 housing units that are scheduled to be completed towards the end of next year or at the beginning of 2020. The entire scheme will comprise 400 apart...

Medical center in Warsaw’s Koneser complex

The Centrum Medyczne Damiana medical center chain, part of the Medicover Group, has leased almost 800 sqm of space in the Centrum Praskie Koneser mixed-use complex in Warsaw, which will open for business this autumn. The medical center itself will open on September 1 and will be the first location o...

Pandora leases over 3,000 sqm in Warsaw’s Graffit building

Developer and investor Hines has signed jewelry manufacturer and retailer Pandora for its Graffit office building in Warsaw. The tenant, who was represented by Colliers International, has leased almost 3,200 sqm in the property. Graffit, which was completed in the first quarter of this year, is loca...

Grupa Azoty in M&A talks with three companies

Chemicals producer Azoty Group is negotiating acquisition of three foreign companies, deputy CFO Paweł Łapiński said at a press conference. He added that two of the companies were from neighboring countries, including one from Germany.

Value of new mortgage loans grows 18% y/y in Q2

The value of new mortgage loans granted by banks in Q2 2018 increased by 6.4 percent q/q to PLN 13.74 billion, while the number of loans fell by 2.67 percent against the previous quarter to 53,686 loans, a report by Amron-Sarfin stated. Compared to Q2 2017, the value of new mortgage loans grew by ov...

Polish data market worth $21 mln – report

The value of the Polish data market will increase to $21 million at the end of 2018 from $11.9 million a year earlier, according to a report “Global Data Market Size” analyzing 23 key data markets in the world, prepared by OnAudience.com, part of the Cloud Technologies group. Next year, its value co...