Locked content Bytom with PLN 4.3 mln net profit in H1

Fashion retailer Bytom reported H1 consolidated net profit of PLN 4.3 million, almost flat compared to a year ago. Operating profit grew to PLN 6.9 million from PLN 5.3 million y/y. Revenue stood at PLN 98.8 million compared to PLN 87.5 million in H1 2017. The growth was mainly attributable to the i...

KUKE sees export growth at 7-7.5% in 2018

The Export Credit Insurance Corporation (KUKE) targets the growth of export from Poland at 7-7.5 percent in 2018. This would be a lower growth slowdown than estimated previously. In March KUKE forecasted export growth at 6-7 percent for this year.

Imagine in Łódź secures first tenants

Developer and investor Avestus Real Estate has signed online marketing company Bluerank for its Imagine office project in Łódź. The company, which is the first office tenant at the scheme, has leased over 2,000 sqm for the period of seven years. Meanwhile, Kids&Co. (a bilingual kindergarten) and...

Poland’s investment market outperforms Europe’s in H1

The total volume of investment transactions in the commercial property market in Europe reached more than €97 billion in the first half of this year, which marks a 5% decrease y/y, according to Savills data. The H1 investment volumes in the UK and Germany went down by 9% and 7% respectively, while t...

Locked content Soho Development to buy 7.34 mln of own shares

Soho Development will purchase 7,339,449 of its own shares for almost PLN 24 million. Purchase offers were submitted for purchase covering a total of 35,245,764 shares, the company said in a statement. The expected allocation rate will be around 20.8 percent. In mid-September, the company announced ...

Locked content Government adopts bill to facilitate sale of farm foods

The Council of Ministers has adopted a bill amending certain laws to facilitate the sale of food by farmers to stores and restaurants, submitted by the minister of agriculture and rural development. The project creates tax incentives for agricultural producers that receive additional revenues from p...