TriGranit slashes projects

The company's chairman, Sandor Demjan, told the Financial Times that the firm had cut the value of its pipeline from €8 (zł.31.26) billion to €4 (zł.15.62) billion. The Hungarian company has decided to cut costs because of growing difficulty in obtaining financing.

"We had a pipeline of about E8 billion a year-and-a-half ago, and we have now focused on about 50 percent of that and increased the pipeline's duration," Demjan told the FT.

However, according to TriGranit Development Polska, the company's investments in Poland are safe. "The changing financial situation does not directly concern projects in Poland," said Tomasz Lisiecki, managing director of TriGranit Development Polska.

"The investments planned and under construction in Kraków, Katowice and Bydgoszcz are developing according to the established assumptions, taking into account the present situation in the financial market," he added.