Locked content Wielton signs term sheet for PLN 413 mln credit

Wielton signed a term sheet for PLN 413 million credit with PKO BP, BGŻ BNP Paribas and BGK. The credit facility will be used to refinance bridging loans and current group debt, as well as to finance investment expenditures and the company’s working capital. Under the agreement, PLN 130 millio...

Consumer spending will grow on average by 3% y/y in 5 years

Consumer spending is systematically growing: an average increase of 3 percent y/y is expected in the next five years. Over the next 12 years, the market should grow at the same or even faster pace and retail sales will become more interactive, both offline and online, according to CBRE report.

Locked content Over 31 mln fake goods seized at EU borders in 2017

The European Commission announced on Wednesday that customs authorities detained over 31 million fake and counterfeit products at the EU’s external border with a street value of over €580 million. The top category of fake goods was foodstuffs, accounting for 24 percent of the overall amount of...

Segro delivers second Corning facility at Stryków

Developer Segro has finished construction work on a 39,200-sqm production and warehouse project at Stryków in central Poland, which will be occupied by Corning Optical Communications. The scheme is located within the Segro Logistics Park Stryków complex that is the biggest logistics center of Segro ...

Locked content PKP Cargo goods transportation up 2% in August

Poland’s largest freight forwarder PKP Cargo transported 9.6 million tons of goods in August, 2 percent more than a year ago and 2.8 percent more than in July. The company’s share in the rail freight market grew in August to almost 46 percent, while a year ago it stood at 44.7 percent. In Janu...

Locked content WSE suspends 10 firms from trading as of Oct. 1

The Warsaw Stock Exchange (WSE) decided to suspend trading in the shares of ten companies from October 1 until December 31 included. The suspended companies are Zakład Budowy Maszyn Zremb-Chojnice, Regnon, MNI, Magna Polonia, Ideon, Clean&Carbon Energy, Calatrava Capital, Budopol-Wrocław, Ampli,...

Locked content Twisto: big e-stores offer over 5 payment ways on average

Large online retailers offer customers on average 5.7 payment methods, according to Twisto, which surveyed one hundred biggest online stores. The most frequently proposed payment ways are credit card (99 percent of stores) and pay-by-link (98 percent). BLIK mobile payment is on the third place and i...

Locked content Qumak with PLN 13.1 mln net loss in H1

Polish IT and technological company Qumak reported  H1 consolidated net loss attributable to shareholders of PLN 13.1 million versus loss of PLN 41.9 million in H1 2017. Operating loss narrowed to PLN 13.9 million from PLN 35.1 million a year ago. Revenue declined to PLN 54.6 million from PLN 146.4 ...

Locked content Inpro plans to issue up to PLN 25 mln bonds

Real estate developer Inpro plans to issue 3-year bonds for a total nominal value of up to PLN 25 million, the company said. The interest rate will be paid every six months. The funds raised from the issue will be used to finance the group’s operations, in particular, the purchase of land and constr...

Locked content Polish banking system outlook stable – Moody’s

The perspective of the Polish banking system remains stable, rating agency Moody’s stated in the report. Moody’s expects that the strong country economy will support the demand for banking services, as well as improve the quality of granted credits. The agency estimates that the sector&#...