Fitch sees GDP growth in Poland at 4.8% in 2018

Fitch Ratings predicts the economic growth in Poland will reach 4.8 percent in 2018, and then it will slow down to 3.6 percent in 2019 and even further to 2.9 percent in 2020. The agency also predicts that investment growth will amount to 5.6 percent this year, 2.8 percent in 2019 and 0.6 percent in...

WSE moves to FTSE Developed All Cap Index

The Warsaw Stock Exchange leaves the FTSE Emerging All Cap Index and joins the FTSE Developed All Cap Index as of Monday, September 24.  Reclassification as a Developed market has resulted from continuous improvements in Poland’s capital markets infrastructure, supported by the country’s...

Locked content Tesgas signs 2 deals with Gaz-System at PLN 8.2 mln net

Tesgas signed two agreements with Gaz-System for a total value of PLN 8.2 million net. The contracts were signed for construction works as part of the reconstruction of the DN500 gas pipeline Adamów (Turek) – Nowiny Brdowskie, the company said. Tesgas deals with the construction, operation, de...

Locked content Unified Factory signs deal with Nextbike Polska

Listed on the small-cap, alternative NewConnect market sales software developer Unified Factory has signed an agreement with Nextbike Polska regarding the implementation of the CSA platform, the company said on Friday. “Implementation of the contact center system using multi-channel communicat...

Locked content AmRest Q2 net profit at €8.1 mln, below consensus

WSE-listed restaurant operator AmRest posted a €8.1 million net profit attributable to shareholders in Q2 versus €7.9 million a year ago. The result was below the consensus of €9.5 million. Revenue amounted to €364.2 million, in line with the company’s estimates. The group’s EBITDA stood...

Panattoni signs major tenant for huge Łódź scheme

Polska Grupa Ceramiczna has recently leased a total of 6,500 sqm of warehouse and office space at the Central European Logistics Hub, which Panattoni Europe is now developing in Łódź. Axi Immo represented the tenant in the lease negotiations. Located close to the A1 motorway, the Central European Lo...

Locked content Polish-Chinese consortium will build 400 kV Baczyna-Plewiska line

Polish-Chinese consortium, consisting of Shanghai Electric Power Construction, PBE Elbud Warszawa, and Agencja Promocji Inwestycji signed an agreement with Polskie Sieci Elektroenergetyczne (PSE) for construction of 400 kV Baczyna-Plewiska line. The contract value is over PLN 365 million gross, the ...