More Ronson apartments on offer in Warsaw

Warsaw Stock Exchange-listed developer Ronson Development has launched sales of apartments in the fifth and final phase of its City Link residential project in the Polish capital. On offer are 107 new units that are scheduled to be completed in the final quarter of next year. The City Link scheme is...

Cornerstone laid for Biała Podlaska mall

Investor Karuzela Holding has held a cornerstone-laying ceremony at the construction site of its Karuzela shopping center project in Biała Podlaska in eastern Poland. The scheme is being built by general contractor Unibep on the site of a former furniture factory. The investment is valued at PLN 170...

Locked content Government support rises to 44% – Kantar Public

As many as 44 percent of the respondents believe that the government is doing a good job, while 41 percent think otherwise, according to a poll conducted by Kantar Public. The supporters number increased by 2 percentage points m/m, while the number of opponents dropped by 5 percentage points. PM Mat...

Economic climate improves in Q3 – IRG SGH

The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) increased by 6.2 points year-on-year and amounted 3.2 points in Q3. 21.9 percent of the surveyed enterprises considered the general condition of their company as good,...

Locked content Santander Bank Polska issues €500 mln eurobonds

Santander Bank Polska issued eurobonds with a nominal value of €500 million, the bank informed in a statement on Thursday. The bonds will be traded with a fixed coupon of 0.7500 percent paid annually. Santander Bank Polska (then BZ WBK) announced a eurobond program in May, under which the total nomi...

Basic agricultural product prices up 2% y/y in Aug.

Last month prices for basic agricultural products, i.e. wheat, rye, beef, pork, poultry, and milk grew by 2.9 percent compared to July and by 2 percent y/y, Polish Central Statistical Office (GUS) reported. In August the purchase prices of most agricultural products rose on the monthly basis, with t...

Locked content Airbnb will be transparent about prices – EC

Airbnb will present its prices in a transparent way, EU Commissioner Viera Jourova said. Property rental site Airbnb promised to inform its clients clearly about the price of reservation, including additional fees, such as service fees and cleaning costs.  If it is not possible to provide the final ...

Locked content Farmers’ debt above PLN 412 mln

The debt in the agricultural sector amounts to PLN 412.5 million, according to KRD Economic Information Bureau. The average debt of a farmer is PLN 49,000. The major part of the debt, in the amount of PLN 266 million, comes from liabilities to banks, debt collection companies, and securitization fun...

Locked content Grupa Żywiec may pay PLN 68 mln fine

Grupa Żywiec may have to pay a PLN 68 million fine as a result of control by tax office in Katowice, the company informed. The control referred to the 2013 corporate tax declaration. According to the tax office protocol, Żywiec incorrectly accounted for revenues and costs related to the settlement o...

Locked content Small format stores sales up 5% in August

Sales in small format stores (up to 300 sqm) grew by 5 percent y/y and by 0.7 percent m/m in August, the Polish Chamber of Commerce PIH said. The number of transactions in the previous month decreased by 2 percent compared to August 2017. The average value of a transaction stood at PLN 13.92 in̷...