Urban renewal in numbers

The Second Life of Buildings Initiative, which brings together experts from various areas of the real estate market and focuses on urban revitalization and renovation projects across Poland, has recently launched what is arguably the country’s first comprehensive report on the matter. The study incl...

Locked content BGK to finance €80 mln Rafako’s Indonesian project

State-owned Bank Gospodarstwa Krajowego will loan €80.8 million to Indonesian company PT Perusahaan Listrik Negara (Persero). The credit will be used to finance the construction of a power plant on the Indonesian island of Lombok which will be built by WSE-listed builder Rafako. The contract include...

Locked content Orange eyes acquisitions

WSE-listed telecom Orange Polska is interested in M&A especially in ICT and fiber infrastructure, the company’s CEO Jean-Francois Fallacher said. He added that the company is interested in assets that could “help implement elements of our strategy.” He mentioned recent takeover of electricity sa...

Locked content Most EU members support linking funds to rule of law – reports

A significant number of EU member states are in favor of the proposal to link access to funds with the rule of law. “This issue was discussed during the sherpa discussions (representatives of countries preparing the EU), a significant group of member states said that the future Commission proposal s...

Locked content Mostostal with PLN 89.5 mln deal with BASF

WSE-lister builder Mostostal Zabrze signed a PLN 89.5 million net contract with BASF Polska for process installation for catalysts production in the BASF Środa Śląska plant, the company said in a market filing. The deadline for the project completion was set for January 31, 2019. Earlier this month,...

Locked content Enea to reverse PLN 879 mln impairment

WSE-listed power utility Enea will reverse the previously booked PLN 879.3 million impaired on in shares in its generation unit Enea Wytwarzanie. The company added that this is an accounting move and would not affect company’s financial results for last year. The valuations are preliminary and can s...

Locked content Budimex with PLN 126 mln deal with Dom Development

WSE-listed builder Budimex signed a PLN 125.9 million net deal with listed real estate developer Dom Development for building the second phase of residential project Marina Mokotow II in Warsaw, the companies said in market filings. The construction will be launched at end-August this year and will ...

Locked content KGHM to take PLN 311.9 mln hit on asset impairments

WSE-listed copper and silver giant KGHM will take a PLN 311.9 million hit to its consolidated results for 2017, following impairments to valuations of selected foreign assets, the company said in a market filing. On its Canadian Sudbury project, KGHM will book a PLN 411.8 million impairment loss, wh...

Locked content Orbis with PLN 232 mln profit in 2017

WSE-listed hotel operator Orbis posted a consolidated net profit of PLN 232.44 million in 2017, up from PLN 207.15 million last year. Operational profit stood at PLN 315.68 million, up by 19.4 percent y/y, while consolidated revenue reached PLN 1.45 billion, a 5.4 percent y/y growth. “Positive econo...