Locked content Strabag expands Oliwskie Quay in Port of Gdansk

Strabag Group consortium will carry out a comprehensive expansion among others of the Oliwskie Quay in the Port of Gdansk with a total length of about 1.2 km. Construction works will start in January 2019 and will last for around two years. The value of the investment is PLN 183 million. “This...

Neinver managing Silesia Outlet in Gliwice

Outlet centers developer and operator Neinver has been appointed as the manager of the Silesia Outlet project, which investor 6B47 is developing in Gliwice. The scheme will offer 20,000 sqm of retail space and house 120 stores at full build-out, and will be the biggest outlet center in Silesia. Its ...

Locked content Deutsche Bank Polska: GDP growth may slow down to 3.8% in 2019

Strong domestic demand and low unemployment, associated with wage growth and rising purchasing power, should continue in 2019, the main economist of Deutsche Bank Polska Arkadiusz Krześniak said. “It is worth underscoring, however, that the Polish economy, like the economies of the euro area, ...

Locked content Asseco Poland will create system to protect EU borders

Asseco Poland signed a framework agreement with the European Border and Coast Guard Agency (Frontex) for the development of a new version of the Opera system, which primarily serves to control borders, the company said. The system will serve to keep data in one place. Currently, it is stored in vari...

Locked content CCC gets green light to buy stake in HR Group

The German and Austrian antitrust authorities gave a green light for the acquisition of 30.55 percent of stake in HR Group by CCC.  The deal value is estimated at over €20 million. HR Group includes 363 Reno stores (in Germany, Austria, and Switzerland) and Hamm wholesale business. CCC estimates cos...

Skanska acquires flexible office space operator

Developer Skanska has bought the remaining stake in co-working space operator Business Link from Akademickie Inkubatory Przedsiębiorczości (AIP). The company has to date held a 40-percent stake in the entity. The entity acquired by Skanska manages five Business Link offices: in Warsaw (Astoria build...

Locked content PGNiG: share of gas imports from Russia fell in 2018

The share of gas imports from Russia in total import volume fell in 2018 to less than 67 percent, PGNiG said. The company imported over 0.62 bcm less natural gas from Russia than in 2017, down 6.4 percent y/y.  LNG imports (from Qatar, Norway and the USA) in 2018 increased by nearly 1 bcm (+58.2 per...

Locked content Eurostat: unemployment in Poland at 3.8% in November

The seasonally adjusted unemployment rate in Poland amounted to 3.8 percent in November, and remained unchanged from the previous month, Eurostat reported. In November 2017 unemployment stood at 4.4 percent. The number of unemployed in Poland was 647,000 in November against 654,000 in October. In th...

Locked content Orange Polska appeals against PLN 11 mln fine

Orange Polska appealed against the PLN 11 million fine imposed by the Office of Electronic Communications (UKE) before Christmas.  UKE said that Orange violated Telecommunications Law when handling applications for number transfer in fixed networks. Orange said that the penalty was imposed “co...

Locked content Empik wants to increase number of stores to 370 in 2023

Empik plans to keep the speed of expansion in the following years and increase the number of stores to 370 in 2023, the company wrote.  “The year 2018 was very successful for us also in terms of expanding online and digital channels, revenue from which already reached 30 percent,” CEO Ew...