S+B sells Warsaw office building

Developer S+B Gruppe has finalized the sale of the Jabłonowski Palace office building in downtown Warsaw to Generali Real Estate. The value of the transaction has not been revealed. Originally built in 1773, the building housed the Polish capital’s city hall. It was destroyed during WWII and rebuilt...

Locked content Poles plan to spend on average PLN 719 for Christmas

On average Poles are ready to spend PLN 719 for the organization of Christmas holidays, nearly the same as in the previous years, according to Barometr Providenta survey. Participants aged 40-59 are willing to spend the most – an average of PLN 812. Seniors declared the lowest budget (PLN 554)...

Locked content Nextbike unit wins tender for bike system in Poznań

Nextbike unit offer for the commissioning and operation of public bike rental system in Poznań until 2022 was chosen as the most favorable. The value of the offer is PLN 19.05 million gross, Nextbike said. The order concerns a fourth generation bike system consisting of 500 bikes, including 30 elect...

Locked content PGNiG signs long-term deal for LNG supply with Cheniere

PGNiG signed a binding long-term contract for the purchase of liquefied natural gas (LNG) from Cheniere Marketing International. “Thanks to this agreement we will have regular supplies of LNG from the USA starting as early as 2019,” the company said. It added that the contract is for 24 ...

Locked content General government deficit seen at 0.9% GDP in 2018 and 2019

European Commission (EC) forecasted Poland’s deficit in the general government sector at 0.9 percent of GDP this year and in 2019 versus 1.4 percent of GDP in 2017. In 2020, the Commission expects the deficit to rise to 1 percent of GDP. In May the Commission expected a deficit of 1.4 percent ...

Locked content Cyfrowy Polsat Q3 net profit at PLN 226.1 mln

Cyfrowy Polsat recorded PLN 226.1 million of consolidated net profit attributable to shareholders (according to IFRS 15) in Q3 versus PLN 242.9 million (according to IAS 18) a year ago. Operating profit amounted to PLN 396.5 million (IFRS 15), compared to PLN 421.9 million (IAS 18) y/y. Revenue grew...

Locked content UPC Polska with 1.43 mln clients at end of Q3

At the end of Q3 UPC Polska registered 1.43 million clients using 3 million services in total, the company said. The number of provided services grew by 51,900 compared to a year ago. At the end of September, UPC Polska provided 1.15 million Internet access services (30,500 more y/y), 1.03 million d...

Locked content Grupa Azoty plans to pay 2018 dividend – CEO

Grupa Azoty plans to pay a dividend from 2018 net profit in accordance with the dividend policy, CEO Wojciech Wardacki said. He added that dividend payment also would be beneficial for the group’s listing as an argument to invest in the company. The updated strategy for 2013-2020 adopted in Ma...

75% of Poles are concerned about climate change – EIB

75 percent of Polish citizens are concerned about climate change, while the EU average is 78 percent, according to the European Investment Bank (EIB). 40 percent of Poles believe that climate change is already a threat to humanity compared to the EU average of 59 percent. In general, Southern Europe...