Warbud seeks to beat the EU investment wave

One of the largest domestic construction companies, Warsaw-based Warbud, plans to geographical extend its operations and diversify across the whole country. "Our target is that 40% of our revenues would be generated outside the Warsaw market. Due to this, we have opened branches in cities, which in our opinion have the biggest potential," said Warbud president Jarosław Popiołek. An analyst with ING IM Marek Świętoń believes that, "The market outside Warsaw is much more affected by the crisis in the sector and profit margins are lower. However, after Poland joins the EU, the spread of i nvestment should become more even across the country". Warbud already opened offices in Białystok, Gdańsk, Kraków and Poznań. The company would not reveal how much it will spend as part of its diversification program. (Puls Biznesu, p. 8) M.M.