Locked content Echo and EPP buy plot in Warsaw for €120 mln

Echo Investment and Echo Polska Properties (EPP) have signed a contract concerning the joint purchase of land from Griffin Real Estate and a construction investment at ul. Towarowa 22 in Warsaw, according to Echo. The buyers will pay a total of €120 million, out of which €78 million will be paid imm...

Black Monday: Polish women go on strike against abortion ban

Thousands of women across Poland have gone on strike to protest against proposals for a total ban on abortion. They marched through the streets of Warsaw and other Polish cities wearing black as a sign of mourning for their reproductive rights. Women opposed to the ban stayed away from work and scho...

Locked content Shopping malls see rise in turnover and customer visits – PRCH

Data collected by the Polish Council of Shopping Centers (PRCH) shows that in the first half of 2016, the turnover of shopping malls increased by 2.1 percent compared to the same period in 2015, totaling around 58 billion net. The PRCH also reports that customer visits are trending upwards, with the...

Locked content KNF approves Best prospectus on PLN 200 mln bond issue

The Polish Financial Supervision Authority (KNF) has approved Best’s basic prospectus on a bond issue worth PLN 200 million as part of a public bond issue program, the company stated. The group plans to make use of funds from the issue as a source of financing for further growth. “The approval...

Locked content M&A transactions fall by half y/y in Q3

The number of M&A transactions reached 33 in Q3 compared to 66 contracts a year earlier, according to Alicja Kukla-Kowalska of Fordata. After the first three quarters of 2016, a total of 132 transactions took place, compared to 177 in 2015. “The fact that, compared to the years 2013-2014, the Po...

Locked content PiS loses support, Nowoczesna gains in new poll: Rzeczpospolita

The latest IBRiS opinion poll for Rzeczpospolita shows that the current abortion controversy has caused a drop in support for the governing Law and Justice (PiS) party. Although PiS is still in the lead, with 29 percent of support, the Nowoczesna party is close on its heels with 25 percent. (This re...