Plac Małachowskiego sold to Europa Capital and White Star

Investors Europa Capital and White Star Real Estate have purchased the Plac Małachowskiego office scheme in a joint venture investment. Plac Małachowskiego is a recently redeveloped 18,000 sqm landmark office building close to Saski Gardens and Plac Piłsudskiego, between Warsaw CBD and the old town....

Locked content Polish town proposes own currency

A new currency may appear in Poland, the Otwock mark. It aims to support local businesses, as well as help older people and students. Three percent of the marks issued would go into the powiat (county) budget. Otwock city council member Marek Leśkiewicz has filed the appropriate applications with th...

Locked content VW opens new factory in Wielkopolskie region

A new Volkswagen factory was officially opened in Białężyce near Września in the Wielkopolskie region of Poland. By 2018 the plant will be producing 100,000 units of a new version of its VW Crafter delivery vehicle annually. The plant, which was built over a 23-month period, will employ around 3,000...

WSE to open Polish-Belarusian IPO Center

The Warsaw Stock Exchange (WSE), the Polish-Belarusian Chamber of Commerce and Industry, and Belarus State University have signed a letter of intent to create a Polish-Belarusian IPO Center, the WSE announced.

Locked content Stelmet to debut on WSE on October 25

Stelmet, a manufacturer and distributor of wooden garden architecture, will make its debut on the main market of the Warsaw Stock Exchange (WSE) on Tuesday, October 25, the WSE announced. 24,972,954 A-series shares, 2,923,051 B-series shares, and 1,468,210 rights to C-series shares will enter tradin...

Locked content NBP: downward signs for the business sector

In Q3 of 2016, the condition of the business sector in Poland can still be considered good, but there were some signs of a downturn, according to information published on Monday by the NBP. “In another quarter, signals of a worsening in the condition of the companies surveyed appeared. But the overa...

Locked content Poland’s leasing market grows 17.1% to PLN 42 bln in Q1-3

Poland’s leasing market expanded 17.1 percent y/y to PLN 42 billion in the first three quarters of 2016, with further acceleration expected in the main financing categories in Q4, the Polish Leasing Association (ZPL) announced. Passenger cars and vans of up to 3.5 tons accounted for 41 percent...

Locked content Biedronka sales grow 8.5% LFL in Q3

Sales in the Biedronka chain increased by 8.5 percent y/y in comparable stores (like-for-like, LFL) in Q3 of 2016, while total sales (in PLN) increased 10.2 perent y/y, Jeronimo Martins the owner of the chain announced. “In the first nine months, Biedronka sales grew by 9.9 percent (in local currenc...