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2020-05-26  13:00
CIJ iDesk I
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Company News

Developers strengthening their shift towards...

Residential developers are becoming increasingly clear about their goals for the construction of rental flats in Prague. AFI Europe, which is among the biggest developers of the city has completely changed its strategy and by next year, won't be offering any new flats for sale. "We've decided to focus entirely on the construction rental flats that will be attractive for...
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2020-05-26  10:13
CIJ News iDesk V
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Company News

NEPI Rockcastle postpones opening of...

NEPI Rockcastle has postponed the opening of Shopping City Targu-Mures until the third quarter due the coronavirus. The shopping center was originally scheduled to open in March. Shopping City Targu-Mures was developed on 12.5 ha and will offer 40,000 sqm of leasable space. The investment is valued at €70m. The company is putting future projects on hold until there is more clarity on ...
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2020-05-26  09:28
CIJ News iDesk II
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Company News

Savills to manage Posejdon complex in Szczecin

Savills has been named property manager of Posejdon, a mixed-use complex in Szczecin. The property offers 18,000 sqm of class AA office space and 5,000 sqm of retail and service area, including boutiques of brands previously absent from Szczecin. The complex will also house two Marriott hotels, including a four-star Courtyard and a three-star Moxy, which will provide a total of 255 ...
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2020-05-26  09:27
CIJ News iDesk II
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Company News

PGE Group sells 50.3 PJ worth of heat in 2019

PGE Group sold 50.3 PJ worth of heat in 2019, down by 0.8 PJ from the previous year 2018. The drop was mainly due to lower demand as a result of higher average temperatures in 2019. Electricity distribution stood at 36.4 TWh and was relatively flat compared to 2018. In 2019, PGE Group posted a 3-percent increase in electricity sales. Part of this increase is attributable to PGE supp...
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2020-05-26  09:25
CIJ News iDesk II
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Company News

Investor interest in Polish hotel sector...

The number of categorized hotel facilities in Poland has increased by more than 30 percent since 2012, according to Walter Herz. There were 2,635 hotels in the country in July 2019, with three-star facilities making up almost half of the total. Poland had 418 four-star hotels in the middle of last year. This category has seen the largest growth in recent years and enriched the marke...
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2020-05-26  08:44
CIJ iDesk I
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Company News

Car production at TCPA in Kolin finally restarts

The Toyota Peugeot Citroën Automobile (TPCA) plant in Kolin started production at last, having been offline since March 18. It put out just 300 vehicles yesterday, well down from its capacity of 900 cars, even though both shifts have been called to work from the beginning. TPCA won't reach full capacity until Friday, according to the company's spokesman Tomáš Paroubek. The f...
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2020-05-26  08:43
CIJ iDesk I
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Politics

Czechs to be allowed into Slovakia for 48 hours

The Czech Republic has opened its borders to Germany and Austria and will be allowing citizens of EU states to enter the country for three days to visit relatives or for economic reasons. However, they will be required to submit a negative Covid-19 test upon entry, even if they don't happen to be controlled at the border. Rather than checking everyone, police will be checking peo...
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2020-05-26  08:42
CIJ iDesk I
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Company News

Darkov mine in Karvina closed due to...

Hygiene officials have shut down the Darkov mine in the Czech town of Karvina after it became clear that Covid-19 was spreading quickly among its employees. In what's being described as the largest mass testing of its type in the country, all 2,450 employees have now been tested for the coronavirus. The situation began to spin out of control last week, but the company had hoped t...
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2020-05-26  08:41
CIJ iDesk I
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Appointments

Radovan Jelasity to head Hungarian Banking...

Radovan Jelasity was elected chairman of the Hungarian Banking Association. Jelasity replaces Andras Becsei, who will serve as deputy chair. Jelasity, who is chairman and CEO of Erste Bank Hungary, admitted the country will be facing challenging economic times due to the coronavirus but sees the banking sector as a “catalyst” for moving forward in a positive direction and is supportin...
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2020-05-25  17:11
CIJ News iDesk VII
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Events

Housing corporations report 9,000 tenants...

About 9,000 residents of the Netherlands reported that they could not afford to pay rent according to a study of 197 housing corporations, which own about 1.6 million of the 2.4 million rental homes in the Netherlands. The number is expected to increase. Most of the tenants were still collecting a salary in March, but it's certain that unemployment numbers will have increased sin...
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