Locked content Anwil dismisses CEO

Chemical firm Anwil, a unit of WSE-listed fuel giant Orlen dismissed its CEO Jacek Podgórski. Two management board members, CFO Waldemar Gabruś and Sales Director Mirosław Kwiatkowski were also dismissed. The company named Dariusz Ciesielski as acting CEO. Anwil did not give the reason for the perso...

Locked content T-Mobile Q4 EBITDA drops

Telecom operator T-Mobile Polska had a PLN 450 million EBITDA in Q4, a 24.9 percent y/y decline. The result was affected by the abolition of the roaming fees across the EU, without it, the Q4 EBITDA would be down by 17.6 percent y/y. T-Mobile revenue amounted to PLN 1.66 billion in Q4, and PLN 6.42&...

Eiffage to build Riva Verona project in Kraków

Investor Riva Verona Building has appointed construction company Eiffage Polska Budownictwo as the general contractor of its Riva Verona residential project in Kraków. The scheme will be located on ul. Madalińskiego in the Stare Dębniki area in the downtown of the city, near the Vistula river, and w...
Image: Amstar

Most prestigious Złota 44 penthouse put up for sale

Amstar and BBI Development have put up for sale an almost 600-sqm, three-level penthouse accommodated on floors 52,53 and 54 of the Złota 44 residential tower in downtown Warsaw. According to the companies, this is the highest apartment in the European Union – it includes a bedroom at 190 meters. Th...
Image: CA Immo

CA Immo: 20,700 sqm leased in Poland in 2017

Austrian real estate company CA Immo has summed up its 2017 leasing activity. In Warsaw and Kraków, the developer and investor last year signed lease agreements for a combined 20,700 sqm of space. In total, in 2017 CA Immo secured tenants for more than 255,000 sqm of office area in ten countries. Ne...

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...