Locked content Tower Investments withdraws 2018 net profit guidance

Tower Investments decided to withdraw 2018 consolidated net profit guidance of PLN 19.43 million, which was published in June. The decision was caused by the combination of reasons. Firstly, key clients have had an extended decision period regarding acceptance of the locations indicated by the compa...

Locked content Tauron tests drones to inspect power grids

Energy producer Tauron tests drones to control operations of power grids, the company said. Tauron wants to use Unmanned Aerial Systems (BSL) for inspection tasks and online image transmission. Drone flights can provide detailed data on various network elements in a short time. “Until now, we ...

Locked content Potato prices are expected to grow – IERiGŻ

Analysts of the Institute of Agricultural Economics and Food Economy (IERiGŻ) expect significant growth of potato prices in the next months. “Until the end of the year, average prices of potatoes at marketplaces can increase to PLN 110 per quintal, while in winter and early spring they can exc...

Locked content Rental prices reach up to €30/sqm in Warsaw

Rental prices for offices in Warsaw went up due to the growing demand and low space availability. In the center of the capital, the prices for the best real estate objects vary from €19 to €27 per sqm. On some occasions they reach €30 per sqm, Andrzej Brochocki from Kancelaria Brochocki real-estate ...

Locked content Ghelamco to build 180-meter skyscraper in Warsaw

Ghelamco started the construction of Warsaw UNIT – a 180-meter skyscraper next to Rondo Daszyńskiego metro station. The building will have around 57,000 sqm of office space on 45 floors. Taking into account the technical equipment on the roof, its height will reach 202 meters. The investments ...

Locked content Atal sells 1800 units in Q1-Q3 2018

Developer Atal recorded consolidated profit assigned to shareholders of PLN 166.72 million in Q1-Q3 2018, compared to PLN 132.67 million in the corresponding period of last year. Consolidated revenue reached PLN 878.49 million (vs PLN 647.1 million in Q1-Q3 2017). “Between January and September 2018...

Locked content EU agrees on foreign investments screening rules

On Tuesday European Union negotiators reached an agreement on the EU framework for screening foreign direct investments. The new rules should protect EU members “essential interests”, European Commission (EC) said in a statement. “We need scrutiny over purchases by foreign companie...

Locked content InPost starts deliveries with electric cars in Kraków

InPost started using electric cars to deliver parcels. First such deliveries have already begun in Kraków. By 2020, the company plans to have 30 percent of electric cars in its fleet, InPost said. “Nissan is the supplier of currently used electric cars, but we will not limit ourselves to just ...

OECD raises 2018 GDP growth forecast for Poland to 5.2%

The Organisation for Economic Cooperation and Development (OECD) has raised its 2018 GDP growth forecast for Poland to 5.2 percent from 4.6 percent previously. For 2019 OECD upgraded GDP growth estimate to 4.0 percent from 3.8 percent previously.