Locked content Hillwood sells 450,000 sqm portfolio

Real estate development company Hillwood has confirmed in an e-mail sent to Eurobuild CEE that it has agreed to sell a 450,000 sqm portfolio of warehouse and industrial properties to CBRE Global Investors across Germany and Poland. The transaction, which will give CBRE GI properties in Bielsko-Biała...

Gov’t considers growing medical marijuana

The Ministry of Health wants to change the law in order to allow the growing of marijuana for medical use in Poland and is in talks with the Ministry of Justice over the matter, Deputy Health Minister Krzysztof Łanda told Polish daily Dziennik Gazeta Prawna.

Locked content Juncker: Europe cannot accept Polish workers being killed in UK

European Commission President Jean-Claude Juncker told MEPs during his state of the EU address that “Europe can never accept Polish workers being harassed or being murdered on the streets of Essex,” following the killing of a Pole in the UK earlier this month. “An integral part of ...

Locked content Development Ministry expects deflation at 0.4% in IX

The Ministry of Development is expecting that the deflation rate to fall in September to 0.4 percent from 0.8 percent in August. “The ministry estimates that prices will grow by 0.2 percent in 2016 due to an increase in the prices of clothes and shoes. The annual inflation rate should stand at...

Locked content ASM debuts on the WSE

ASM Group commenced trading 102,000 A series, 53.65 million B series and 3.26 million C series shares on the Warsaw Stock Exchange main market in Wednesday. It is the 12th debut this year and ASM Group has become the 484th company traded on the WSE this year and the sixth that has moved from theR...

Locked content Gov’t to increase minimum pension to PLN 1,000

The government has proposed increasing the minimum pension to PLN 1,000 starting next year from the current level of PLN 882,56. In addition they plan to revaluate them by the rate of 100.73 percent. After changes “a person, which for example receives PLN 1,500 in pension will get PLN 1,510.93...

Locked content Banking market will consolidate at around 5-6 universal banks – ...

NBP board member Jacek Bartkiewicz said that the Polish banking market will eventually consolidate around five-six universal banks, with other banks occupying market niches, the Polish Press Agency (PAP) informed. “I would like to note that we are now dealing with the second phase of market co...

Tusk: We need a strong, stable and united Europe

President of the European Council Donald Tusk said after a meeting with Prime Minister Beata Szydło in Warsaw ahead of an informal EU summit in Bratislava later this month that he persuaded the Prime Minister that Europe is something worth caring about, not attacking or questioning. “We need E...

Locked content Credit Suisse opens office in Warsaw

Investment bank Credit Suisse has leased 7,500 sqm in Warsaw’s office scheme Atrium 2 and will open its second Business Delivery Center in Poland. “By the third quarter of this year we will proudly open a new Credit Suisse Warsaw that will add to our existing site in Wrocław and provide ...