Warimpex opens Ogrodowa Office in Łódź

Austrian developer and investor Warimpex has officially opened for business its Ogrodowa Office building in downtown Łódź. The property, which is located close to ul. Piotrkowska and the Manufaktura shopping mall, comprises more than 28,000 sqm of space, including almost 4,000 sqm of retail and serv...

Locked content Ultimate Games Q3 prelim. net profit at PLN 0.6 mln

Ultimate Games recorded preliminary revenue of PLN 1.3 million and net profit of PLN 0.6 million in Q3. In the nine-month period, preliminary revenue stood at PLN 2.9 million, while net profit amounted to PLN 1.2 million. Ultimate Games is a unit of game developer and incubator PlayWay. In June Ulti...

Locked content PKP PLK: if Astaldi does not resume works, there are solutions

If Italian constructor Astaldi does not resume works under the contracts on Lublin – Warsaw, and Poznań – Wrocław rail routes, PKP PLK has prepared other options, PKP PLK board member Arnold Bresch said. He added that on Friday there was a deadline for works renewal. In the case of both ...

Locked content Foreign investments fell by 56% in 2017 – NBP

The inflow of foreign direct net investments in 2017 fell by 56 percent y/y to PLN 34.7 billion, according to final data of Poland’s Central Bank (NBP).  Most investments came from Germany (PLN 12.8 billion), Luxembourg (PLN 12.4 billion) and Cyprus (PLN 5.5 billion). The largest withdrawals o...

Locked content Diesel prices will grow – e-petrol

Fuel prices at the petrol stations may increase this week with the diesel prices rising the most, according to e-petrol report. The main reason is the growth of wholesale prices at the beginning of October. “The level of margins, especially for diesel, is already so low that hikes are unavoida...

Nextbike ups market potential at 50,000-60,000 in 2025

Nextbike raised its forecast for the Polish city bike market potential to 50,000-60,000 in 2025 from 48,000 expected earlier, CEO Robert Lech said. The company plans to close this year with 17,800 bikes versus 12,200 at the end of 2017. In addition, Nextbike expects its fleet to grow by another 5,30...

Locked content Gino Rossi revenue down 34% in September

Fashion retailer Gino Rossi recorded revenue of PLN 10.9 million in September, 34 percent less than a year ago, the company said. The share of B2B sales was 25.4 percent, down by 9.8 percentage points y/y. E-commerce sales declined by 20.5 percent versus September 2017. In January-September Gino Ros...

Bankruptcies and restructuring will rise by 20.2% in 2018

The number of company bankruptcies and restructuring in Poland will increase by 20.2 percent y/y in 2018 and by 9.3 percent y/y in 2019, according to Coface estimates. In 2017 the growth amounted to 16.4 percent. In the whole Central and Eastern European region (14 countries, including Russia) an in...

Locked content Qumak starts review of strategic options

Polish IT and technological company Qumak decided to start reviewing strategic options to support company operations. The decision followed failure to obtain PLN 35 million through series M share issue and merger with Euvic. “The review of strategic options is aimed at acquiring a strategic in...

Locked content GetBack reports H1 prelim. net loss of PLN 1.12 bln

GetBack preliminary net loss in H1 amounted to about PLN 1.12 billion compared to profit of PLN 111.6 million a year ago, the company reported. Operating loss in H1 stood at PLN 826.8 million compared to profit of PLN 156.1 million a year ago. The group recorded negative net revenue of PLN 392 milli...