Locked content Echo debuts in Johannesburg

The shares of Echo Polska Properties (EPP), a company jointly owned by Echo Investment  and South Africa’s Redefine Properties, debuted on the Johannesburg Stock Exchange on September 13. Two weeks ago, the company began trading on the Luxembourg Stock Exchange. The value of EPP’s initial portfolio ...

Locked content PwC opens start-up accelerator

International consultancy PwC has opened Startup Collider in Poland, a seed accelerator tasked with supporting start-ups in the region of Central and Eastern Europe. The first cohort will include fintech start-ups. “PwC will provide the supervision of mentors and will assist with shortening th...

Locked content Hines begins construction of Graffit

Hines, the international real estate firm, has announced the start of construction at Graffit, a project to be developed in the Warsaw district of Mokotów. Warbud S.A is the general contractor, the company said. The full planning permission for Graffit was issued in October 2015. Construction works ...

Locked content Public debt at PLN 936 billion after Q2

The state public debt of Poland has grown by 6.8 percent (PLN 59 billion) since the beginning of the year and stood at PLN 936.87 billion after Q2, according to data from the Ministry of Finance. Public debt grew by 4.2 percent or PLN 37.63 billion compared with the first quarter of the year, the mi...

Locked content PKP Energetyka to invest PLN 1.5 bln by 2020

PKP Energetyka will invest PLN 300 million this year in the upgrade of distribution networks and PLN 1.5 billion by 2020, Wojciech Orzech, the CEO of the company told the Polish Press Agency (PAP). The investment is to translate into improved supply reliability and improved SAIDI and SAIFI indicator...

Locked content Development Ministry downgrades export and import forecasts

Analysts from the Development Ministry have reviewed the export forecast, lowering it from 7 percent to 3 percent in 2016. Additionally, they have downgraded the import forecast from 5 percent to 2 percent. The ministry expects that trade balance will be positive and will stand at around €4 billion....

Locked content NBP: FX loans bill could cost double expected amount

The central bank NBP has published an analysis, according to which the refund of FX spreads for FX mortgage loan borrowers will be twice as pricey as the estimate included in the recently presented bill. “In the opinion of the NBP, the cost of implementing the bill for banks will be higher tha...

Locked content Poland is considering how to finance nuclear plant

Energy Minister Krzysztof Tchórzewski said that Poland is mulling over the financing options for a nuclear plant as the proposal made by the investor is too costly. “A stronger engagement of the Polish state in preparing the financing model for the nuclear plant will allow for lowering the cos...

Locked content EBRD supports Poland’s Arctic Paper with €30 million loan

The European Bank for Reconstruction and Development has granted a €30 million loan to paper producer Arcitc Paper to finance investments for improvements in the company’s operational and energy efficiency as well as to expand future production capacity in Poland. The EBRD loan will be part of...