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2020-05-28  10:55
CIJ News iDesk II
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Company News

Coventry University's Polish campus to...

Coventry University’s new campus in Wrocław will be ready to welcome its first batch of students in September if the Polish government’s Covid-19 restrictions are lifted. The Wrocław campus occupies two floors in the Centrum Południe complex being developed by Skanska. Testing and commissioning of the building is scheduled to take place in the summer. “We are progressing with fit-ou...
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2020-05-28  10:51
CIJ News iDesk II
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Company News

Polish office sector turns over € 618.1...

Turnover in the Polish office sector for Q1 totaled €618.1m, up 15 percent y-o-y, according to Cushman & Wakefield. Overall vacancy stood at 8.3 percent, down 1 percent y-o-y. Gross take-up climbed to 359,000 sqm, representing a 33-percent increase on the previous year. The total office stock of Poland’s nine largest markets, including Warsaw, Krakow, Wrocław, Tricity, the Upper...
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2020-05-28  10:37
CIJ News iDesk II
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Politics

Poland’s government announces next stage of...

Poland’s government has announced the fourth stage of unfreezing of lockdown measures, including loosening face-covering requirements, reopening gyms, cinemas and cultural institutions and also allowing mass gatherings. From 30 May face covering will be no longer obligatory in outdoor areas where one person can maintain distancing of two metres from others. However in shops or other p...
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2020-05-28  10:24
CIJ News iDesk V
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Company News

Novo Nordisk leases 580 sqm at Tiriac Tower

Novo Nordisk leased 580 sqm of offices at Tiriac Tower, going up on Victoriei Square in Bucharest. The transaction was brokered by CBRE. The property will offer nearly 16,500 sqm on 12 floors. Completion is scheduled for 2021. The tenant mix currently includes law firms as well as strategic consulting, engineering and insurance companies. Approximately 30 percent of the space has been...
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2020-05-27  17:23
CIJ iDesk I
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Research

Lack of supply pushing Americans into...

The American economy may be heading straight for a severe recession, but you wouldn't know it to look at the number of mortgage applications. They rose again last week by 9 percent, marking the sixth straight week of rising figures and representing a 54 percent recovery since a low point in April. It appears to be enough in the view of prospective home buyers for states to begin ...
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2020-05-27  17:00
CIJ News iDesk VII
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Events

Portugal seeks safe zone treatment for...

Tourists from Britain are the main source of tourism for Portugal. That's what's behind Portugal's initiation of negotiations for a safe air corridor, which would enable British visitors to avoid having to quarantine themselves upon returning home from the country. Portugal fears what the impact on tourist numbers will be following a decision by the U.K. to force anyone...
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2020-05-27  16:59
CIJ News iDesk VII
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Economy

Spanish government sets up €3bn for poverty...

Spain will €3bn to provide a minimum income to the poorest of its citizens. Social Protection Minister Jose Luis Escriva said he expects the government to approve the country's first, non-universal support program this week, which is intended to support 850,000 households nationwide. Under the scheme, households with children will be given priority to the support, which will be c...
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2020-05-27  16:58
CIJ News iDesk VII
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Events

Viennese hotels practically running on empty

Hotels may have reopened in Vienna last week, but as of yet, they're not even coming close to covering costs, to say nothing of making a profit. Just to break even, occupancy has to reach 77 percent, but at the moment hotels in the city are barely at 5 percent. Until the corona virus crisis, there were more than 67,000 guest beds in Vienna and in 2019, they were used for 17.6...
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2020-05-27  16:48
CIJ News iDesk III
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Events

Day 2 of HOF Awards & Forum 2020: Retail...

Day 2 of the HOF Awards & Forum began with an hour-long discussion on the current state of Central & Eastern Europe's retail sector with Hadley Dean, CEO of EPP, Jonathan Hallett, Executive Partner at Cushman & Wakefield, and Maciej Malewski, Hennes & Mauritz's expansion manager for the region. The retail sector has been growing rapidly in CEE for the past fe...
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2020-05-27  12:58
CIJ iDesk I
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Company News

German consumer mood survey detects tiniest...

As the country begins to loosen the restrictions that helped it contain the coronavirus pandemic, German consumers are finally displaying a slightly improved mood. The market research company GfK writes that its mood index rose 4.2 points for June to -18.9. While the result is clearly good news, the company was quick to point out that this was the second lowest value it had ever recor...
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