Briefs

Budimex wins contract to extend Reduta in Warsaw The Polish construction firm Budimex has won a EUR 12.9 mln contract to conduct work on an extension to the Reduta shopping centre in Warsaw. The work is due to begin on December 15th and be complete by October 31st next year. Good results for Hochtief German Hochtief can boast improved results in Europe, though the strengthening of the Euro in relation to the US dollar has had a negative impact on the situation in other markets. In the third quarter of this year, Hochtief generated a net profit of EUR 16.8 mln. In the same period last year the loss amounted to EUR 6.8 mln. Both operating profit and turnover fell by 7.7 per cent. Building permit refused for Okęcie extension Construction of the new terminal at Warsaw Okęcie Airport is expected to be delayed by several months, after local authorities refused permission for the work to begin. The reasons fo