Syrena Invest launches new Warsaw scheme

Spanish developer Syrena Invest will soon start construction work on its Mińska 63 residential project in Warsaw. The scheme will be located in the Praga Południe district of the city and will comprise 179 apartments as well as four commercial units. The development is scheduled to be completed in t...

Locked content Benefit Systems starts reorganization of capital group structure

Employee benefits program operator Benefit Systems decided to start capital group structure reorganization, which should be completed by the end of September 2019, the company said. The first stage of the reorganization includes the acquisition of the subsidiary Fit Invest by Benefit Systems and mer...

Locked content Javier Calleja named CEO of Solaris Bus & Coach

Javier Calleja has been appointed the new CEO of Solaris Bus & Coach (Solaris). The decision was made by Spanish CAF Group, which acquired a 100 percent stake in Solaris at the beginning of September. For the past 20 years, Calleja has been a partner at the consulting firm Bain & Company. He...

Locked content GetBack receives three offers for selected assets

By October 4 GetBack has received three offers for purchase of selected company assets, including offers to buy debt portfolios, GetBack said in a statement. According to the board, the offers are in line with the company’s need for rehabilitation. The offers will be presented to CreditorsR...

Locked content Work Service signs prelim. deal to sell Exact Systems

HR company Work Service signed a preliminary agreement to sell 69.09 percent stake in Exact Systems. The buyer is Remango Investments, an SPV established by Paweł Gos, Lesław Walaszczyk and a fund tied to CVI Dom Maklerski. The price was set at PLN 139.8 million, however, the payment of PLN 13 mln w...

Locked content Nestmedic signs LoI with Finnish Steripolar

Medical equipment producer Nestmedic signed a Letter of Intent (LoI) with Steripolar Oy for distribution of Pregnabit telemedicine system on the Finnish market, the company said. Pregnabit tests at the Helsinki University Hospital have been successful, parties informed. Steripolar declared its inter...

Locked content Diesel market grew by 30% in 2 years – Orlen estimates

PKN Orlen estimated that in the last two years diesel oil market in Poland grew by around 30 percent due to the reduction of the so-called gray zone. “The increase in the legal sale of fuels has been maintained, which was beneficial for the entire industry, not only for PLN Orlen,” the c...

Locked content AAA Auto: 1.9 mln used cars sold in Poland in Q1-Q3

The total number of used cars sold in Poland in Q1-Q3 amounted to 1.9 million, 272,451 cars more than a year ago, according to AAA Auto report. The average price of a used car offered for sale grew by PLN 200 compared to the same period in 2017. The most popular models were Opel Astra,…

Locked content TXM revenue declines due to warm weather

Clothing company TXM recorded preliminary consolidated revenue in September of about PLN 29 million, registering 20 percent decrease y/y. The results were affected by the weather: high temperatures in September led to lower sales of Autumn collection, TXM CEO Marcin Gregorowicz said in a statement. ...

Unemployment rate at 5.8% in September

September unemployment rate remained unchanged compared to August and stood at 5.8 percent, the Minister of Labor Elżbieta Rafalska said. The number of unemployed people in September was about 948,900, which is 9,700 less than in August. On the annual basis, unemployment decreased by 15.1 percent.