Locked content GDP up by 3.9% y/y

Poland’s GDP (not seasonally adjusted) totaled 3.9 percent in the forth quarter of 2015, compared with an increase of 3.5 percent in the third quarter, the Central Statistical Office (GUS) reported. The data is slightly higher than experts’ expected, as the market consensus stood at 3.8 ...

Locked content BIEC: no inflationary pressures

The future inflation index (WPI) calculated by the Bureau for Investments and Economic Cycles (BIEC) inched up by 0.4 points month-on-month to 76 points in February, BIEC reported. “Still, despite the increase of the inflation index , the risk of inflationary pressures is not on the horizon. T...

Locked content Ghelamco to develop office scheme near Warsaw Spire

Property developer Ghelamco will carry out another office scheme in Warsaw, Wronia 31 will be located next to Warsaw Spire. Construction work on the new office scheme in the Wola district of Warsaw, at Europejski Square has already started.  The 15-storey Wronia 31 will feature 16,000 sqm of GLA. It...

Locked content Banking net profits fall in 2015

Poland’s banking sector recorded an aggregated net profit of PLN 13.09 billion in January-December 2015, compared with PLN 15.86 billion in the corresponding period of 2014, according to data from the central bank NBP. It fell by 17.5 percent on a yearly basis. Net income from banking activity stood...

Sejm passes 500+

With 261 votes in favor, 43 against and 140 abstentions, the Sejm passed the ‘Family 500 plus’ benefit program on Thursday.

Locked content Panattoni lets 11,600 sqm

Panattoni Europe has let 11,600 sqm at Panattoni Park Szczecin, a company press release read. Europe’s leading supplier of fishing tackle – Svendsen Sport leased a total of 8,300 sqm, of which warehouse space will amount to 8,103 sqm, and office space – 173 sqm. Another new tenant ...

Locked content Nestlé hiring

Nestlé is going to increase employment at its Nestlé Purina production plant up to 800 this year, the company reported. The Nowa Wieś Wrocławska-based animal food factory was open in March 2015, currently it employs 500 people. Nestlé is also planning to launch new production halls. The entire inves...

Locked content Azoty to invest more than PLN 300 mln

Grupa Azoty ZAK SA will invest PLN 380 million this year, the company reported. Azoty will spend nearly half of the amount (PLN 170 million) on the construction of a new electric and heating plant which will be this year’s “flagship” project. Last year, the company spent PLN 263 mi...

Locked content Power companies to be supervised by Ministry of Energy

The lower chamber of parliament, the Sejm, has passed an amendment to department law, according to which supervision over Polish power companies will be transferred from the Ministry of the State Treasury to the Ministry of Energy. The Ministry of Energy will control energy utilities: PGE, Tauron, E...