ARTICLES IN Economy TOPIC

09
Jul
2021

Hungary levies 90% tax on construction materials

by Property Forum
The government’s recently announced measures to curb construction material prices were published in the Official Gazette late on Thursday, including the supplementary mining tax, a new type of tax for certain market players.
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20
Apr
2021

Croatia, Bulgaria and Romania to gain the most from more EU funding

by Property Forum
An increase in European Union funding available to Central and Eastern European governments will boost GDP growth, suppress debt burdens and improve debt affordability, although implementation challenges will hinder gains in some countries, Moody's Investors Service said in a new report.
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16
Apr
2021

Hungary's construction industry surprises with February slump

by Property Forum
The volume of Hungary’s construction output in February decreased by 11.7% compared to the January data, based on seasonally and working-day adjusted indices construction output. Aside from the unpleasant surprise of lower output, the volume of orders was also not very rosy. Nevertheless, it would be too early to give up on this year's outlook.
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13
Apr
2021

Romania seeks €2.2 billion for building renovations

by Property Forum
Romania seeks backing from the European Union for the green rehabilitation and seismic consolidation of buildings. The country aims to receive €2.2 billion worth of EU funds as part of the recovery and resilience mechanism of the European Commission. The scheme deployed across Europe aims to kick start economic growth after the pandemic shock. 
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12
Apr
2021

Mortgage loans in Romania at 8.6% of GDP

by Property Forum
The market for mortgage loans was dynamic in 2020 and this trend is continuing in early 2021, while the segment of consumer loans is narrowing, says Sergiu Oprescu, President of the Association of Romanian Banks (ARB). 
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30
Mar
2021

Gdynia plans for another 20,000 inhabitants

by Property Forum
The authorities of Gdynia state that the maximum amount of useable residential floor space that the city needs by 2045 could be as high as 11.29 million sqm. With this much space around 266,000 people could live in the city – currently, there are around 246,000. For the city's further development both public and private investment is needed. The restrictions imposed because of the pandemic have harmed both sectors. The city of Gdynia has announced that most of the planned investments will be completed, some will be delayed, and others are to be developed as PPP projects.
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09
Mar
2021

Facade materials market in Poland to reach €900 million by 2026

by Property Forum
Manufacturers of facade products were successful in generating a little over PLN 3.6 billion (€800 million) in revenue in 2020 in spite of slower activity in the building construction sector, especially in the non-residential segment, according to the findings presented in the report released by research company Spectis entitled “Facades and facade materials in Poland 2021-2026”.
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17
Feb
2021

Romania records Europe’s strongest GDP growth in Q4 2020

by Property Forum
In the fourth quarter of 2020, seasonally adjusted GDP decreased by 0.6% in the euro area and by 0.4% in the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. These declines follow a strong rebound in the third quarter of 2020 (+12.4% in the euro area and +11.5% in the EU) and the sharpest decreases since the time series started in 1995 observed in the second quarter of 2020 (-11.7% in the euro area and -11.4% in the EU). According to the first estimation of annual growth for 2020, based on seasonally and calendar adjusted quarterly data, GDP fell by 6.8% in the euro area and 6.4% in the EU.
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01
Feb
2021

Polish construction industry likely to recover in H2 2021

by Property Forum
December turned out to be a good month for construction companies and producers of building materials, according to the latest monthly report by research company Spectis, “Construction market in Poland – February 2021”. However, the outlook for the construction industry in 2021 remains moderately bleak, mostly because of a high comparison base of Q1 2020. That the second half of the year could see an upturn is yet suggested by higher order books reported by the top 20 construction companies.
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14
Jan
2021

CEE economies to grow robustly in 2021 and beyond

by Property Forum
The stable 2021 outlook for sovereigns in Central and Eastern Europe (CEE) reflects their robust economic growth prospects and strengthened ability to carry and reduce debt, which make their credit profiles resilient to the sharp deterioration of their public finances in 2020, Moody's Investors Service said in a report published today. Ageing populations and structural economic change will remain longer-term challenges for the region.
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Latest news


New leases

  • Internet radio station, newonce.radio will move its headquarters to the Norblin Factory in Warsaw. On an area of 366 sqm there will be a new radio studio, editorial offices and office facilities, including a conference room.
  • Specjał Group, Polish-owned FMCG distributor, has leased another 1,400 sqm of warehouse space for its Warsaw branch in Panattoni Park Konotopa II. The tenant was represented during the lease transaction process by real estate advisory firm Cresa Poland.
  • Poczta Polska has leased 3,300 sqm of warehouse space and almost 1,000 sqm of offices in 7R City Flex Gdynia. The agreement has been signed for ten years.

New appointments

  • Two new professionals are joining MDC2 - a warehouse and industrial developer operating on the Polish market. Wojciech Kosiór has been appointed as a Head of Development and will be responsible for project development in Central and Northern Poland. Bartłomiej Kazirod has been appointed as a Project Director working within the construction team.
  • Paweł Suracki joined Colliers as the Investment Services Director. He will be responsible for managing sales and purchasing processes on behalf of Colliers' clients and for establishing and maintaining relationships with potential and current Colliers' partners in Poland.
  • Avison Young has announced a key change to its directors’ team in Budapest with the arrival of Martina Cifer at the helm of its Office Leasing department. In her new capacity, she shall oversee both the company's Landlord and Tenant Representation divisions.


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