Nowy Wilanów

Nowy Wilanów is a residential complex now under construction in Warsaw’s prestigious district of Wilanów. The project, which is in keeping with the urban concept of the Miasteczko Wilanów neighbourhood, is unique in every respect. >>

Piotr Majewski MWH Architekci

The Piotr Majewski MWH Architekci design studio has been present on the market of services for the construction industry since the very start of Poland’s transformation of the late 1980s and early 1990s. It is one of the first private design offices operating on the Warsaw market. >>

Buyers to benefit from eco-friendly homes

The competitive buyer’s market we are currently experiencing after a housing boom in the years 2005-2007 has forced developers to look for new ways to attract clients. The energy-efficient building systems and environment-friendly materials, which until recently were used mainly by private individuals in their self-built houses, are becoming increasingly popular with developers working on new residential projects. >>

Emmerson grows

Early May the company called Emmerson Evaluation officially started its activities. It does property valuations. Following Emmerson Zarządzanie (property management) and Emmerson Lumico (travel agency) Emmerson Evaluation is another daughter company, the dependant entity with Emmerson Real Estate shareholding. >>

Pirelli Pekao Real Estate Sp. z o.o.

Pirelli Pekao Real Estate Sp. z o.o. (75% Pirelli RE - 25% Bank Pekao, UniCredit Group) will realise a new investment project of approx. 150 000 m2 residential and service complex at Ostrobramska Street in Warsaw. >>

Polish Market

ECONOMIC MONITOR

download pdf

• ● In December 2009 and January 2010, as in previous months in the second half of 2009, the Polish economy stood out against other countries in terms of GDP growth. Poland’s economic growth was higher than projected and higher than in other European countries.
read more »

• In 2009 construction output increased by 3.7%.
read more »

• Retail sales increase in most product groups.
read more »

• On the Warsaw Stock Exchange, stock prices were very volatile in January 2010.
read more »

• At the end of December 2009 the registered unemployment rate (claimant count rate) amounted to 11.9% versus 11.4% in November.
read more »

• At the end of January the president signed the 2010 budget bill into law. The bill was adopted by the parliament on December 18.
read more »

• In the fourth quarter of 2009 the Polish economy turned out to be more resistant to the global crisis than had been projected and than the economies of Polish neighbours, something which boosts optimism in forecasts for 2010 and the next years.
read more »

PODCAST

• Why do Israeli property developers pick Poland?

• New Polish president’s economic priorities

• Storm over homoerotic art show at Warsaw’s National Museum

• Poland’s new president Bronislaw Komorowski: a pragmatic, pro-business, euroenthusiast

• Poland and OECD innovation strategy

• How to make the Polish economy more innovative?

COMING UP

18th International Defence Industry Exhibition >>

Biotechnological Cracow >>

WEEKLY MARKET ANALYSIS

Retail sales up again in June
Retail sales growth in nominal terms accelerated in June to 6.4% y-o-y from 4.3% y-o-y in May. The increase was higher than expected. In real terms, retail sales growth accelerated to 4.5% y-o-y from 2.0% y-o-y. June was a consecutive month with retail sales figures stronger than expected, which indicates that consumption is recovering after it slowed significantly at the beginning of the year. Private consumption is driven by an improvement on the labour market coupled with a rise in disposable incomes. In Q2 2010 retail sales grew by around 3% y-o-y in nominal terms and around 1% y-o-y in real terms. On the basis of retail sales and industrial production data, it can be estimated that the GDP growth rate was close to 3%.

MARKET INFO