News

POLAND The Treasury has been awarded PLN 22 mln in bank guarantees due to the failure of Radko to properly implement its contract.

Poor results for Helios

POLAND In Q2 this year the operating revenue of Helios cinemas decreased by 13.2 pct, down to PLN 34.3 mln.

Government sells 20 pct of Marina Hotele

POLAND The Ministry of Treasury wants to offer a 20 pct stake in the Marina Hotele company. An auction of 252 shares (20.1 pct of the share capital) is to take place on September 13th.

ABM to enter liquidation

POLAND ABM Solid has accepted the request of a court appointed administrator to move from a bankruptcy open to arrangement to enter into liquidation procedures.

Obstacles in the path of Nowy Sezam

POLAND The Moniuszki 10 Housing Cooperative has filed an objection against the final land development conditions decision for the Nowy Sezam project on ul. Marszałkowska in Warsaw, which is being developed by BBI Development.

Strabag to redevelop provincial road no. 653

POLAND Strabag has signed a contract with the Podlaskie Province Road Authority to redevelop the Suwałki-Bakałarzewo section of provincial road no. 653.

Redan: bonds worth up to PLN 10 mln

POLAND Grupa Redan, which owns clothing brands Top Secret, Troll, Drywash as well as the TextilMarket discount clothing chain, is planning to issue bonds worth up to PLN 10 mln.

Work to begin on Nikolsky Park

RUSSIA National Energy, a joint venture between Eastward Capital and National Consulting, has received a building permit for a 106,000 sqm logistics park near Nikolskoye around 35 km from Moscow.

Chinese eager to build in Serbia

Chinese eager to build in Serbia

Government fights over ownership of military sites

CROATIA The island of Vis is to sue the central government in an attempt to gain possession of four former military properties that have fallen into disrepair.

Three tenants for Panattoni in seventh Mysłowice building

POLAND Panattoni Europe is constructing a 28,100 sqm building in Panattoni Park Mysłowice.

SIAC wins preliminary decision

POLAND Irish company SIAC Construction, the builder of a 35 km section of the Tarnów –Dębica stretch of the A4 motorway in a consortium with PBG, Aprivia and Hydrobudowa Polska, has won a decision against the General Directorate of National Roads and Motorways.

Ronson to speed up in the next few months

POLAND Ronson Development is planning a PLN 100 mln bond floatation at the beginning of next year.

Seven companies compete to build Warsaw embankment

POLAND The bids tendered to redevelop the left bank of the Vistula river in Warsaw have now been opened. The offers submitted range in value from PLN 123 mln to PLN 176 mln.

Longer runway in Sofia

BULGARIA Sofia airport has opened a tender to extend the runway. The estimated cost comes to EUR 951,000 and includes the construction of a new taxiway as well as two platforms, including the extension of the eastern de-icing platform.

Fewer and fewer apartments

BULGARIA The National Statistical Institute has announced that 520 new residential buildings were built in Q2, a decrease of 26.3 pct on Q2 2011.

Griffin Topco II potential investor for Emilia

POLAND The state treasury has signed a preliminary contract to sell an 85 pct stake in Meble Emilia. The potential investor is Griffin Topco II, which has been given exclusive negotiating rights.

IAA honours Libeskind

09 August 2012

WORLD Daniel Libeskind, an architect with Polish roots, has become a member of the International Academy of Architecture (IAA), a non-governmental advisory organisation within the UN Economic and Social Council.

1,600 apartments in Park Ostrobramska

09 August 2012

POLAND Skanska Residential Development Poland has started building the Park Ostrobramska estate on ul. Ostrobramska in Warsaw.

Nap Invest plans Nowa Mleczarnia

09 August 2012