Locked content Analysts expect fuel prices to drop

Fuel prices decline should continue this week, BM Reflex analysts said. On some stations, the prices may be below PLN 4.7 per liter of gasoline and PLN 5 per liter of diesel. On average at the end of November, a liter of gasoline cost PLN 4.97, while the price for a liter of diesel stood…

Locked content Ursus Q3 net result turns to loss of PLN 24 mln

Farm machinery producer Ursus recorded PLN 24.01 million of consolidated net loss attributable to shareholders in Q3 versus a profit of PLN 3.74 million a year ago. Revenue fell to PLN 67.24 million from PLN 90.3 million in Q3 2017. In the 9-month period revenue stood at PLN 142.41 million compared ...

Locked content PGZ in consortium to deliver 40 drones for Polish Army

A consortium of PGZ and its units signed an agreement to supply 40 short-range drones for the Polish Army, the Ministry of National Defense informed. The contract value is PLN 789.7 million. Under the contract, 8 unmanned aerial vehicle systems will be delivered with an option right to buy 4 additio...

42% of global coal power plants run at a loss – Carbon Tracker

Two-fifths of the world’s coal power stations are already running at a loss because of high fuel costs, Carbon Tracker study revealed. For 35 percent of coal power plants, operating costs exceed the costs of building new renewable energy sources, the report added. By 2030 this number is expected to ...

Locked content Railway with 7% more passengers in October

As many as 28 million passengers traveled in Poland by train in October, according to the data released by the Office of Rail Transport (UTK). This is almost 7 percent increase versus a year ago. The average distance traveled by a passenger in October was 67 km. From the beginning of the year, the r...

Locked content GDP growth seen at about 5% in 2018 – analysts

Analysts expect GDP growth in 2018 at about 5 percent despite the expected slowdown in Q4. Domestic consumption remains the main driver of the Polish economy, and a clear investment recovery was recorded in Q3, analysts said. On Friday Poland Central Statistical Office (GUS) reported that seasonally...

PHN eyeing Polnord’s Warsaw office buildings

State majority-owned, Warsaw Stock Exchange (WSE)-listed real estate investor Polski Holding Nieruchomości (PHN) has recently signed a letter of intent with WSE-listed developer Polnord regarding the acquisition of two buildings of the Wilanów Office Park complex in Warsaw. Called Betheone and Befre...

Echo to sell Warsaw offices for over €76 mln

Developer Echo Investment will sell Biura przy Bramie – the first office building in its Browary Warszawskie mixed-use complex in Warsaw – to a fund managed by GLL Real Estate Partners for €76.5 million. The under-construction building is to be completed in December and will deliver 15,700 sqm of GL...

Locked content 95% entrepreneurs are afraid of 2019 tax changes – Lewiatan

95 percent of entrepreneurs believe that in 2019 business activities will be most difficult by unclear tax regulations and the growing costs of hiring employees – this is the result of the Smartscope survey commissioned by the Lewiatan Confederation. Among the barriers that businesspeople are ...

Locked content Ban of overnight alcohol sales is suspended – Kraków

The Voivodship Administrative Court in Kraków has suspended the implementation of the city council’s resolution regarding restrictions on alcohol sales in the Old Town and Kazimierz. This means that the ban on the sale of alcohol planned from December 26 will not come into force. On September ...