Rhenus takes up 41,000 sqm at Błonie warehouse park

Logistics company Rhenus Logistics has leased 41,000 sqm of warehouse space at a distribution center located at Błonie west of Warsaw. JLL supported the tenant during the process of selecting the location and negotiating the lease agreement. “For years, Rhenus has been designing and implementing sto...

Locked content KPMG: half of the top brands on the local market are Polish

According to the KPMG report on the top 100 brands on the Polish market, 51 of them are Polish. “Polish companies understand Polish consumers well, know how to build brands and manage their clients’ experiences effectively,” said Andrzej Musiał from KPMG. Cosmetic producer Ziaja was voted as t...

Locked content KUKE: 1,200 companies will go bankrupt this year. A 11% y/y increase

The Export Credit Insurance Corporation (KUKE) estimates that In 2019, about 1,200 companies will declare bankruptcy, 11 percent up from the 1,081 companies that filed for bankruptcy or restructuring last year. KUKE bases its forecast on assuming the rate of economic growth in 2018 at the level belo...

Locked content Poland proposes new backstop solution to a mixed reaction

Polish Foreign Minister Jacek Czaputowicz put forward his own proposal limiting the Irish backstop to five years in an attempt to break the Brexit deadlock. “I’ve just discussed that idea with my Irish counterpart Simon Coveney and also with British Foreign Minister Jeremy Hunt today, I think it wou...

Housing permits drop in December – GUS

In December, the number of dwellings on which construction has started decreased by 9 percent y/y to 11,091, according to data released by the Central Statistics Office (GUS), in m/m terms it dropped by 34 percent. Moreover, the number of dwellings completed increased by 12.8 percent y/y to 20,938.

Locked content Factoring firms with a 26.7% turnover increase in 2018

Polish factoring companies had a  26.7 percent increase in turnover to PLN 242.8 billion in 2018, factoring lobby Polski Związek Faktorów (PZF) announced. This is the best result in 8 years. Overall, 16.9k companies are currently using such services. They’ve issued over 15 million invoices last year...

Locked content Energa finalizes restructuring process. Cutts back entities in half

WSE-listed, state-run power group Energa has completed its restructuring process and reduced the number of subsidiaries from 44 to 22. According to the company, the changes have increased management efficiency while reducing administrative costs. The number of employees remained unchanged. “Restruct...

Locked content Skarbiec TFI sacks CEO

Investment fund Skarbiec TFI sacked its CEO Ewa Radkowska-Stępień and board member Dariusz Lasek. Anna Milewska was named acting CEO, while Krzysztow Stupnicki was called up to the board. This is another round of management changes in the fund after its owner, WSE-listed Skarbiec Holding was acquire...