Locked content Talanx posts €219 mln Q2 profit

WSE-listed insurance group Talanx posted a €219 million net profit in Q2 (vs €225 million the year before) according to the company’s financial results, bringing the H1 profit to €437 million (€467 million the year before). The operating profit in Q2 increased from €549 million last year to €6...

Locked content Grupa Azoty with PLN 132 mln H1 profit. Affected by Q2 loss

WSE-listed, state-run chemical giant Grupa Azoty had PLN 132.1 million H1 net profit, down by 65 percent, which would imply a PLN 56 million Q2 loss, the company said in its preliminary financial results. “The lower level of earnings was a compilation of three major factors: a significant rise in co...

Caspio to open R&D center in Kraków

Software company Caspio has leased nearly 500 sqm in K1, the tallest office building in Kraków, where it will open a research and development center. The tenant, who was represented by Savills in the lease negotiations (the landlord was advised by JLL), will move into the property in two phases at t...

Poland comes 20th in global real estate transparency ranking

Poland is the 20th most transparent real estate market globally, according to the latest edition of the Global Real Estate Transparency Index (GRETI) prepared by JLL and LaSalle Investment Management. The country was recognized in the ranking as the most transparent market in CEE and came ahead of s...

Another Atut mall comes under construction in Kraków

Investor KG Group has recently launched construction work on its Atut Złocień convenience shopping center project in Kraków, which will comprise approximately 3,000 sqm of leasable space. The first phase of the scheme is scheduled to be completed in late November. Tenants will include Stokrotka, Pep...

Locked content Groclin plans mass layoffs due to shrinking revenue

The management board of automotive parts producer Groclin has launched consultation procedures due to group layoffs the company is planning to carry out between August and December 2018, making 321 employees redundant, which is 45 percent of the company’s payroll, the company stated. Groclin explain...

Locked content 750 firefighters’ interventions due to violent storms

Firefighters had to intervene 750 times due to violent storms and gales that swept the country on Saturday. Roofs on 69 buildings were torn, including 36 residential ones, fire services spokesperson Paweł Frątczak told PAP. The majority of interventions took place in the Mazowieckie voivodship (182)...

Locked content Ruling PiS with close to 42% support – poll

The ruling Law and Justice (PiS) party could count on the support of 41.8 percent of Poles, if election to the Sejm were held in early August, according to a poll conducted by research firm Estymator for DoRzeczy.pl. This would translate into 234 seats in the Sejm and a clear majority. Civic Platfor...

Locked content Record July passenger figures for Chopin airport

Warsaw’s Chopin airport serviced 1.9 million passengers in July, a historic high for the month of July and 12.6 percent more than in the corresponding month of last year. “The result was strongly influenced by the increase of passengers travelling internationally (mainly in transit),” said the airpo...

Locked content Edutech start-up raises $1.2 mln

A Polish edutech company NUADU has closed a $1.2 million funding round from Luma Ventures, a Poland-based VC fund active across CEE, focused on data science, supporting late-seed to growth stage start-ups from a variety of industries. Launched in 2016, NUADU provides an interactive online Personaliz...