Locked content Waszczykowski meets with Tillerson, discusses visas and Smoleńsk

Polish Foreign Minister Witold Waszczykowski discussed visas for Polish nationals during a meeting with US Secretary of State Rex Tillerson in Washington. “The introduction of the Visa Waiver Program would go a long way towards developing this economic cooperation,” Waszczykowski said. Polish foreig...

Locked content AmRest with PLN 1.15 bln revenues in Q1 – prelim. results

WSE-listed restaurant operator AmRest had a 33.7 percent y/y increase in Q1 revenues to PLN 1.147 billion, according to the company’s preliminary financial results. In local currencies, the revenues increased by 30.6 percent. “Q1 sales were boosted by taking over Starbucks (May 2016) and KFC (...

Locked content Biedronka with 8.4% LfL sales growth in Q1 2017

Retail chain Biedronka, owned by Portuguese Jeronimo Martins, had a 8.4 increase in like-for-like sales in Q1 2017, Jeronimo Martins said in a market filing. Sales in PLN increased by 9.7 percent y/y and reached €2.53 billion. “Consumer environment remained favorable, benefiting from family subsidie...

Locked content Polish judges protest against judiciary reforms

Judges in Poland on Thursday stopped the proceedings for 30 minutes in protest against planned reforms to the judiciary system. Since, according to Polish law, judges are not allowed to strike, the judges went on a break during which they’ve discussed the proposed changes to the system. The pr...

Locked content NIK: Polish companies lost PLN 2.1 bln on forex market

According to data released by Poland’s Supreme Audit Office, between 2012-2016, Polish companies lost PLN 2.1 billion on the forex market. To prevent such losses in the future, NIK recommends banning advertisement of such companies and putting the currency exchange websites under the supervisi...
Image: Skanska Property Poland

Citi leases 13,600 sqm in Generation Park in Warsaw

Citi Service Center Poland and Skanska Property Poland have signed an agreement for the lease of 13,600 sqm of office space in building ‘X’ of the Generation Park complex in Warsaw. The tenant, who was represented by Cushman & Wakefield in the negotiations process, will move to its n...

Marvipol will not buy Soho Development shares

Warsaw Stock Exchange-listed developers Marvipol and Soho Development have announced they have broken off negotiations regarding the acquisition by Marvipol of a major package of Soho shares, citing lack of agreement on the price and the other key terms of the transaction as the main reason. Marvipo...

Locked content Solaris sells 40 buses to the Netherlands

Polish bus and tram producer Solaris signed its first contract in the Netherlands. The company has sold 40 of its Solaris Urbino buses to Connexxion firm, Solaris said in a press release. “The fact that we were able to enter the very isolated Dutch market is a big achievement for us. We can assure R...