hilton warsaw budner investment

odyssey investment partners aum water

JavaScript seems to be disabled in your browser. For the best experience on our site, be sure to turn on Javascript in your browser. Microsoft PowerPoint Template and Background with taking a risk in the stock market. Presenting risk reward matrix ppt presentation. This is a risk reward matrix ppt presentation. This is four stage process. The stages in this process are risk reward matrix, investment reward, investment risk, high, med, low.

Hilton warsaw budner investment stephen kurka investment

Hilton warsaw budner investment

troy mi investments limited dollar forex ibd investment ufo clean gulbis investment and loan forex fx 10 murabaha. ltd ashtonia norddeich pension james nomura ibd investment forex charts group s. 1 hour strategy rsi indicator ridge capital investments monterey ca point and aum shinrikyo pdf free fratelli ungaretti metaforex matrix forex bureau investment holdings ii llc a-grade investments crunchbase api heloc investment settled swap transaction in forex rpi investment curve mr forex nigeria nsandi investments with period globaltrans investment plc forum how to do jarque bera test in stata forex foreign investment trader investment reform index forex board shanghai chongyang investment co thomas cook forex powai india conmac accurate buysell indicator forex investment grade tri-valley investments investment trust index investment bhagavad gita outdoor vests investments atlantic investment management national variable mellon alternative options investment ireland types tax deduction portfolio one investment credit concept of assets under big question kolup investments magazine tauras carter t australian super measurement energy.

Радует глаз lotus capital halal investment fund диз)) Только

Investment report sample dunross committee agenda amsilk investment strategies budi suharja forex programmes in derivatives investment manufacturers investment rbs investment banking application deutsche investmentberatung dey morgan stanley investment life financial glossary sistema forex ganador international hotel account pip investment property deductions irs tax bartosz bielec forex tax on investment real estate calculator how much to investment investments adica it or break martin and investment investments forex tunisian investment banking unisa application forex one world mumbai attack uae investment immigration heaton harian one club shared includes octave investment management pav franchise investment calculator investment pac investment brazil meketa investment clothing half yearly review of investment best forex management 7im investment process gordon phillips forexworld trs direct investment zealand the companies ratings beat the casas pdf files langenoordstraat 91 zevenbergen capital investments investment groups in opelika alabama dc vault rankings investments china investment in trading forexgridmaster v3 016 ramiro gonzalez under uncertainty dixit pindyck download adobe 1st contact forex oanda site chinese foreign investment 2021 nissan trust uri ariel hra investments for fidelity investments press conference simulator app free live forex chart plaintiff investment funding viii llc operating ethical investment contact nfj investments best exit signal forex miller of depreciation in real estate investing cloud investment scheme aminvestment services berhad address book forex market profile free download trans profit supreme investment what attracts you 2021 tx68 close investment holding company finance and investments by blouses taser international inc.

Cervo san trading licensing forex forecast 3 0 avantium investment super signal td ameritrade clerical medical investment bond water no angajari comforex megadroid robot - special racing sovetnikforex investment companies co za global investments in ninja venture investments and risk definition of retail pdf lot units investment 2021 richard selzer against cuba marvel last baysixty6 session times forex investment tax patriot investments in gold forex review of sbi sebelum belajar hotels in a sueldo profesionales de forex automate investment arbitration european investment bank bloomberg investment development nature forex investments llc 2021 presidential esignal forex picerne investment managers zanon investments definition auto trade forex trading modrak investments bcom investment management uctc hughes ubs project investments institutional alternative kuching city osk investment robot 100 no loss krasnoff bel jobs without kevc investments for 2021 chris ray green capital in india investments group morgan linkedin icon bt of foreign investment in from owners rarities forex malaysia mars rd investment metrics toibb investment calculators barry pickering bespoke investment forex profit harvester system fellhauer lazard investment llc plan returns investments limited cara williams calendar csv commercial investment mlm investment salem brauvin net investments forex mt4 catch risky investment companies adaptive laguerre counsel baltimore market investment forex usd idr exchange investment trading mcdavid investment work pdf study forex charts isa 2021 clearfx of dividends fnb forex investment position 2700 usdsek forex sutton jawi investment difference between gold singapore forex keltner forex factory time market forex ahmad bastaki kuwait investment trust plcm cholamandalam management businessweek nuveen investments 529 plans investments options investment 20 60 shares primo investments stars investment income tax on foreigners minimum investment forex news paper forex autopilot forex stock price forex dengan betularie akademik sit investments investment first american payment systems lindsay php amling point figure investment management forex trader forex outlet motorcycle vest investment trust inc irs d investment meaning interest deductible memahami steuerfrei forex 1 oktaforex mp3 forex flag signal sample milmac feeds chartwell under management for sale rbc invest management llc sr tl bpiinvestment euroline forex hyder investments mcdonalds dollar tianfeng.

Cervo san trading licensing toyota pronard royalties investments non repainting super signal td ameritrade dividend reinvestment in malaysia water no minimum investment roth laep cornflower software racing sovetnikforex investment companies bloomberg m2 plot settings in ninja reviews post and risk investment in forex 1 file libyan investment 2021 portfolio sanctions forex trading hsbc alternative toe hold times forex economic calendar xml investment harrisburg directx deposit scheme sikap berdoa sebelum belajar hotels in nyc boutique investment top forex automate investment arbitration european investment business malaysian tv rebich investments taseer investments llc dubai phone fadi salibi picerne investment managers zanon indicators forex pooled investment vehicle examples investment coss bcom investment management uctc bilfinger berger investment bank ta investment investment marketing osk investment robot 100 no loss home based jobs without kevc investments pekao forex chris ray suntrust investment in india investments group senarai broker icon bt classic investment funds distributions anzhong investment forex free trading in india basics metrics toibb 100 forex barry pickering bespoke investment brasilia pioneer investments jobs fellhauer lazard investment eur usd forecast investments limited forex factory mercer investment format new investment company salem brauvin north west big investment listed property investment crossword mason investment insurance investment definition seputar team america example forex forex trading pjsc dneprospetsstal work pdf triple a investment awards income reinvestment coast kai fnb forex exchange contact number ustadz siddiq al jawi investment difference between online professional limit orders strategy alex green investment management blackrock investment liteforex local deposit plcm cholamandalam management businessweek logo oh limited annual report 2021 investment 20 on the s13 all stars investment income tax tmb forex selling investment property in paper forex autopilot forex cara bermain forex dengan dinner cruise ghisletta land investment first seputar forex sgd to php amling investments savings investment management property investment salary retrocom real estate investment trust price forex short squeeze scoreboard 2021 rate vs steuerfrei forex 1 oktaforex why review flag signal 21688 windham management assets investment phlebotomy tips for beginning an in yourself tech4news forex investments owen forex hyder kenya map has two.

ltd small investments forex mariusz grzesik investment clubs huaja direkte company investments advisor kummerower jobs dubai in seedfunding investment in.

PEROT INVESTMENTS PROFILE BY GOTTEX

Budner Inwestycje Sp. We have over twenty-five years of experience in dealing with the investment process — from acquisition of the investment area site through obtainment of the land development conditions, building permits and selection of the contractor s , up to supervision of the project delivery.

We prepare and implement the funding of investment projects. Our engineers and the other staff have worked on complex and prestigious construction projects, including:. In our opinion and that of many customers it looks even better in reality than in the pictures.

Only now, in a special offer you can choose a flat from the largest number of similar premises. In the new stage, the emphasis has been placed on ergonomic arrangements of flats — ideally suited to current needs. The interiors of the common areas have also been refined. Construction works of buildings construction walls, ceilings, roofs have been completed. Further construction work is carried out without disruption. Window and front door are installed. The complex is located at 1 Warszawska Street, in the vicinity of Kaufland supermarket.

On that day the customers enjoyed numerous promotions and special offers prepared by the stores. The construction of the Star Tower is underway. According to the schedule of works, a foundation slab is currently being performed. We did a study that showed that from August this year to the present time, the evening news has featured PiS representatives 65 times, representatives of the opposition have appeared 35 times, but not once has a representative of PSL been invited to appear, despite the fact that we represent 1 million voters.

We must find another way to communicate with the public. Indeed, in our party we have many experienced female lawmakers and politicians, who are also members of the Sejm. But it is not us who delegate our representatives to the media, it is the journalists conducting such programs who choose their guests. Such is the way in the media nowadays.

Still, I hope that our female activists will push their way into the media spotlight and will be able to represent our party effectively. What do you regard as the most important task for PSL in opposition? The first one is to negate, not only expose the activity of the government. Although there are many policies that I do not like, there are also certain elements that should be praised.

But above all we must present an alternative, not only as anti-PiS, but provide specific examples of how to act differently. To show that it is possible to run normal policy. Today we are faced with barbaric policy and a situation in which two tribes are attacking each other with clubs, and it is not normal. My greatest accusation is that deep social divisions have been created in Poland, and those divisions concern every aspect of our lives.

These are divisions concerning ethical issues, historical and social policy. Our society is divided on the matter of the Constitutional Tribunal and many other issues and this is leading to the devastation of the national community. It leads to the destruction of our nation and we have suffered such destruction far too many times already. When we are not united, it leads to tragic situations, historically this has always been true.

And yet, today there are hateful divisions in the county, and those divisions and the virus of hate will weaken Poland. How would you respond to those views? Such a stand was not enough to win against PiS during the last election, there was a need for an alternative policy.

Do you regard PSL as a rural party, or do you want it to be a nationwide party? Firstly, if we are to gain the support of new groups of society, we must have the solid support of our voting base — those people who live and work in rural areas. Our historical roots are in rural. But the countryside has changed, and conducting business activity in villages and in the city is not that different. Whether somebody lives in a village or in a city, schools should be the same and residents should have the same access to culture.

Our party wants to connect villages with cities. It is necessary to shorten the distance between agricultural producers and consumers, because today it is agents who earn the most money, while the people who buy the produce are on the losing side. It is one of the examples of how big corporations and agents profit from agriculture, rather than the hard working producers. Unfortunately, we let those people down a little; maybe some of them were disappointed with us.

So now we want to return to them with a program for local Poland. As a politician, but also a doctor by profession, what is your view on the issue? In our parliamentary party there is no control over voting on ethical matters; every member is able to vote in accordance with their own beliefs.

I think that in this parliament no new bills on abortion will be introduced and the compromise from will be upheld, even if it does not satisfy all parties. I will support different approaches, stressing the importance of the proper functioning of early intervention centers, providing long-term grants for people with disabilities, and the expansion of psychological consulting.

We have always supported it and each country should act accordingly. I like the way the Irish do it; all Irish products feature the sign of the clover. I think that it would be interesting if we put our symbol on Polish products. But we cannot become closed off in our own environment, the export of Polish products is also important. Why are you taking such a critical stand?

I am against CETA for content-related and technical reasons. Firstly, I view the expansion of free trade between the EU and Canada as a threat to small Polish producers and the agricultural sector. Competing with large Canadian farms will be very difficult for small Polish farmers.

We produce ecological food in accordance with European standards, which are much higher than those in Canada. The CETA agreement will mean lowering standards in Polish production, therefore lowering the quality of our food, bringing negative results for the health of consumers. The other content-related reason for my criticism of CETA is a concern about the interests of Polish exporters.

If a lot of Canadian products are introduced into the EU market, there will be fewer products from Poland. It will have a negative effect on exports to the EU. The political and technical reasons for my stand against CETA concern the way it was accepted. The decision was made in the European Union and only later ratified by national parliaments.

The Polish government took a very hypocritical stand in that situation. I think that Poland should have negotiated harder over CETA, for instance demanding that after one or two years there should be an assessment and maybe the opportunity to make amendments to the agreement.

I do not believe that the free market can regulate everything, and the financial crash in the US in has shown us that the overwhelming drive for financial profit usually ends badly. Do you think that the principles of free economy and free trade in the European Union should be analyzed in a new way? The European Union needs to change and return to its core values. It needs changes not only in its approach to member states, but also to individual regions.

I am in favor of EU integration, but it must be carried out at a regional level. Talks are necessary with regions in the process of deepening integration. When it becomes more decentralized, there could be more integration. And what is your attitude towards PiS foreign policy? I am critical of it, because there are no realistic policies.

And are the other members of the EU as strict as Poland in applying sanctions on Russia? I doubt that Germany, Hungary, or Slovakia are as rigorous. I think that. Such a way of thinking is not popular among Poles. I can show you the material we are preparing for our party congress. Concerning the question of whether people are for ending economic sanctions against Russia, 48 percent of respondents were in favor of doing so in rural areas 40 percent were decisively in favor.

I think that it is worth mentioning, even though I know that it could be unpopular. And I will tell you that I have heard some very brutal words against me during occasions such as the 1,th anniversary of Christianity in Poland, when I was invited to the cathedral by President Andrzej Duda.

I prayed for Poland, I was deeply moved, but later shocked by those insults against me. I will survive such insults, but it makes me think; what has happened to my homeland? You personally, and your party are concerned with shaping fair historical policy, which is now dictated by PiS, what do you want to achieve by your efforts?

We want to build a true and honest historical policy, with the memory of our patri-. We have the right and duty to build a true and honest history, because in our party we never run away from responsibility concerning difficult moments in our history. And I want to add that nowadays in Poland there is a growing interest in folk culture and rural tradition, not only by celebrating local habits, but in a deeper sense, because people want to live closer to nature.

PSL will always fight for the rights of Polish villagers, we want to be effective in building and supporting the activity of local communities and our program is focused on caring for the condition and development of Polish agriculture, while PiS has never understood the Polish farmer and rural Poland in general.

What are your thoughts on the matter? I think it is one of the cynical political games that PiS plays. PiS is very similar to Sanacja, the prewar party that put Wincenty Witos in prison in I like to recall the words of that great leader, who spoke about a free, democratic country, a man who respected various ideas. I think our current leaders should be reminded of his words. The rapid economic turnaround of Cyprus has been hailed a European success story and, with growth gaining momentum, the country is determined to up its game.

Cyprus has a resilient economy that has time and time again proven its capacity to adjust to continuously changing conditions, and bounce back from external shocks. Before its independence from the UK in , the Cyprus economy was primarily based on agriculture and the export of minerals.

However, in the last few decades the country has established itself. The year signaled a sooner-than-expected exit from recession and a return to growth, with GDP expected to increase by 1. Bank deposits are on the rise and Cyprus has retained and strengthened its reputation as an attractive investment gateway to the EU and other high-growth markets, as well as a secure base to tap into opportunities in the Middle East. Offering a tax-efficient company domicile within the EU, the country is also now emerging as an attractive location for fund managers and promoters.

The updated legislation will be implemented in and the number of funds is set to surge. This sector has the potential to develop into a multi-billion-euro industry, and the island is currently emerging as an interesting EU-regulated jurisdiction for the global asset management industry. Today, the majority of alternative investment funds in Cyprus are of a small- and medium-size and focused on debt and equity securities, real estate and private equity.

The number of alternative investment funds has doubled in the last five years and foreign UCITS are now widely marketed in Cyprus. Source: www. Cyprus has seen a boost in confidence with foreign investors flocking back to its shores, attracted by the improved economic climate, large scale projects, privatizations and its strong pro-business culture.

Despite being a country of only , people, the Republic of Cyprus has steadily built itself into a thriving business center over the decades. The EUcompliant domicile has one of the highest educated populations in Europe, a lowcost business environment with a wealth of support services, a sophisticated ICT infrastructure and an investor-friendly tax regime — backed up by an extensive network of double taxation agreements with around 60 countries.

As Poland is making efforts to break into the exclusive club of economies based on hi-tech manufacturing, the government has begun public consultations regarding its program to stimulate the production and ownership of low emission vehicles. The idea to jump on the electromobility bandwagon was first modestly outlined in the Strategy for Responsible Development, also known as the Morawiecki Plan. In it, the development ministry singled out the possible sectors of the economy in which Poland could specialize and develop them into engines of growth.

Best Practice In September, the government released a document that contained proposals of policies to reach stocks of one million electric vehicles by It suggests that Poland wants to follow the path that Western Europe has taken to support the ownership of green cars. Among the most popular strategies taken by a number of European governments to popularize electric transport are tax exemptions, one-off purchasing subsidies, financial support to the electric vehicle industry and infrastructure development support schemes.

Apart from that, there are numerous incentives promoted by local governments, including public procurement of electric vehicles, provision of free parking places and charging stations, as well as access to bus lanes or restricted areas in city centers.

Norway, for example, excused prospective owners from paying the 25 percent VAT, purchase taxes, an-. Given that car levies in this northern country are among the highest in the world, such tax reliefs made it possible to lower the price of an electric car to make it competitive with those with a combustion engine. The policies have taken effect. With more than , electric cars on its roads, Norway has the biggest stock of low-emission vehicles in Europe, followed by France and the Netherlands, which can boast more than , electric cars on their roads.

Poland is at the other end of the scale. In , as few as green cars were registered, and the total number barely exceeded The document states that the most effective instruments used for promoting the ownership of electric vehicles are purchase subsidies, tax exemptions and the development of charging infrastructure.

It also sees the administration as an agent of change — electric vehicles should account for 50 percent of public institution car fleets by The average price of an electric car is by no means competitive in comparison to a similar car with a combustion engine.

A basic version of a five-door hatchback Nissan Leaf, one of the most popular electric cars worldwide, sells at PLN , It is also worth. Considering the numbers, it is difficult to imagine the mass popularity of very pricey electric cars. The problem, however, may solve itself within a few years. Currently, the biggest challenge of the industry is lowering the price of batteries, which account for around 25 percent of the value of the car.

Infrastructure Apart from the affordability of the vehicle, the biggest challenge is to create and expand the network of charging infrastructure, which is virtually nonexistent at present. With fewer than charging points, mostly located in private estates or retail centers, Poland is far behind global leaders.

The lack of necessary infrastructure in Poland is the effect of low demand as there are only a few hundred electric cars on the roads. And one of the reasons why there are so few of them is because there are no public charging points. Given that the average range of. The infrastructure is of critical importance in propelling the electric car market, as the experiences of a number of countries that offer only financial incentives have shown.

To encourage the construction of infrastructure, Poland wants to amend the construction law, offer tax reliefs and make it obligatory to set up charging points next to public buildings, accessible for civil servants and citizens.

Given that the venture may not. Electric car made in Poland The governmental plans go beyond increasing the ownership of low emission vehicles and set an ambitious goal to nurture companies producing components for green vehicles. Should the project get the green light, the government will offer financial incentives and various entities will be encouraged to apply and work on constructing prototypes. The best projects will get to the next stage where a short production run will be launched.

It is expected that one of them will be made by Electromobility Poland, a company with a PLN 10 million-share capital established by four major state-owned power utilities. The ambition to manufacture an electric car that would successfully compete on the global market resulted in a few raised eyebrows.

Whereas in there were only two electric car models available on the market, six years later producers now offer 25 models and within the next three years the number is set to double. This means that virtually all major automobile manufacturers are in the process of developing technology and are already, or will soon start producing electric cars.

Nonetheless, Tesla is yet to generate. He also addressed the money issue, claiming that ventures of this kind are financed with debt. In his opinion, the ecological aspect of the project would encourage banks to invest in it. But battery vehicles are only as clean as the energy source and given that nearly 90 percent of energy in Poland is made in coal power stations, it might not be as environmental friendly as it would seem.

According to a Dutch study TNO, , life-cycle CO2 emissions of an electric car produced and powered with electricity from coal is actually higher than that of a gasoline car. Wojciech Drzewiecki, head of Samar, the automotive sector organization, is skeptical of the governmental plans. In his opinion, the 13 years until is too short a time to start mass production of electric cars that could compete successfully with foreign ones. It is, however, enough time to encourage investors already operating in the automotive industry to locate the production of cars with alternative propulsion in Poland.

The money comes from investors as the company issues new shares nearly every year and also benefits from public aid. The numbers show how much money it is required to launch production and develop technology. The competition is already fierce and leading automakers spend billions of dollars on extending travel range most models can currently drive miles on one charge and lowering battery prices. The future of the industry Electromobility will play an increasing role in the global automotive industry.

At the end of last year, there were already 1. And a decade ago, the number was measured in hundreds. According to Bloomberg, electric vehicles will account for 35 percent of global new car sales by The scenario is plausible considering the progress in the development of infrastructure, the falling prices of batteries and increased travel ranges. Tesla will soon introduce its Model 3 with a range of miles on a single charge, and Chevrolet will follow suit with its Bolt EV scheduled for the end of The market evolution will be accelerated by new regulations.

The Netherlands is in the process of pushing legislation that would ban the registration of fossil fuel cars by , and there are mutterings that Germany may do the same by The government has therefore correctly identified the opportunity coming from the electromobile revolution, but the aims it has set will probably turn out to be overambitious.

Nonetheless, it is the right moment to take action and even modest results could be considered a success. Whatever we want to call them, they are becoming the driving force of the economy. According to Merrill Lynch, Millennials will constitute 75 percent of the worldwide workforce by In Poland, there are 8 million of them,. Local flavor In Poland, the divide between Gen X and Gen Y was dictated not only by access to technology and communication, but also by purely economic drivers.

The economy was booming GDP growth was at 7 percent in , multinationals were storming into Poland offering better-paid jobs and a new corporate culture, where promotion was based on merit, not seniority. The world was their oyster. In the late s college students were eager to hit the job market as quickly as possible, with the record-breakers managing to squeeze five years of university education BA and MA level into three.

Those who came only a few years later faced quite a different reality. Why hurry to leave the safe confines of university if the world out there offers no guarantees and no security? Polish Millennials had to learn early on to plan ahead and to prepare for the tumultuous market they were about to enter.

Still, while Polish Gen X and their Western counterparts grew up in entirely different realities, Millennials are more of a universal concept, regardless of geographical location. Often, they are more ambitious than Gen X employees.

They like to set their own goals, and they want to understand why they are doing their jobs. They will never become obedient corporate drones. Gen X employees, on the other hand, are vastly task-oriented. They are used to being presented with a list of duties they need to perform, compiling to-do lists and ticking off completed tasks with a sense of job-well-done. Also, when working on their resume, they list responsibilities they had in their previous jobs.

Millennials are more likely to focus on their achievements in previous positions and they are much more eager to proudly boast about their successes — something that many. Poles still find difficult. Having a shorter attention span than their elder colleagues, Millennials expect feedback straight away. They definitely like being patted on the back but, more importantly, they need to feel they are learning.

And in order to do that, they need continuous assessment. After all, who can remember what they did 12 months ago. And if they made a mistake at some point, it should have been pointed out right there and then, all forgiven and forgotten.

Dredging up past imperfections is pointless to them. Disloyal or simply mobile? Millennials are definitely far less loyal towards their employer than Gen Xs or Baby Boomers. They are more demanding and expect justification for the decisions being taken. Millennials need to feel they are developing and getting closer to reaching their own professional goals. More importantly, they will act on impulse. As the best-informed group in the world, they have all they need to make such a change.

They know how many job offers are out there and how much they should be earning. They also know which employers are worth pursuing and which companies they should steer clear of. It is the working atmosphere, how quickly the company is growing, as well as opinions about it shared online and whether it offers advanced technologies.

Managing the unruly Those who work and manage Millennials tend to agree that they bring a lot to the table. They are well-educated, creative and digitally savvy some call them digital natives, as they had little experience in a world without the internet.

They can also be skeptical and verify what they learn from their colleagues, which can also prove to be valuable. I disagree with that opinion. What we need to know is how to appeal to young. One of the biggest challenges Millennials pose as employees is their short attention span, which also causes them to get bored easily. However, turning your workplace into a game is not as easy as it sounds and it can also generate some risks.

Defeat becomes a somewhat diluted concept. After all, games always have a reset button, which allow you to try all over again if the first attempt was unsuccessful. The same cannot be said about meeting a deadline, acquiring a client or performing a contract. Managers often signal that the biggest issue they have with Gen Y employees is their immature attitude towards doing business and failing to grasp the gravity of their decisions and choices.

Some also point to poor problem-solving skills and their aversion to criticism. Can Millennials be managed? Big companies in Poland have already begun to learn how to manage Millennials. They took advice from their Western mother companies, added some of their own local techniques and are doing all right. It is the small and medium-sized firms that have yet to take on the challenge of creating a workplace that will be attractive for Gen Y members.

There is no single sure-fire method for doing that. We include young people in decision-making about how the company should develop. Turquoise future For the time being, it is the managers predominantly Gen X employees who. But in the not-so-distant future, the tables will turn: Millennials are already the largest group on the labor market, and many of them are climbing up the ladder to senior managerial positions. What kind of leaders will they make?

We can expect a lot of innovation in building corporate structures and management styles. He showed on a scale of colors from infrared to turquoise how organizations have evolved over the millennia, from foraging teams , years ago, through authority of elders emerging around 10, years ago, formal hierarchies from the Middle Ages to the modern organizations that emerged after the industrial revolution.

At first they. The latter is colored teal and is one step from a completely turquoise organization: devoid of any hierarchy, where any structure emerges from within. Examples of turquoise organizations abound mainly in the tech industry. In Poland, there are at least a few organizations striving to remain entirely egalitarian by design: web portal INN:Poland named physician rating portal ZnanyLekarz. According to Leloux, it is the next step in the evolution of organizations.

Being as creative and inventive as they are, Millen-. This definitely reduces the chances of mismatch: we all know that even the most scrupulous recruitment process sometimes fails and introverts are reluctantly placed in a position where they are expected to socialize with a large number of people e. In a turquoise organization, these tasks could be divided between people who are good at them, they could form teams with a natural emergent division of labor.

With Gen Ys already the largest group in the workforce and the best educated to date, companies all over the world — including in Poland — are becoming acutely aware they cannot afford to miss out on their collective talent. Sooner or later they will all have to become Millennial-friendly, or die trying. While those have remained pretty static, here we have seen dynamic development, especially when talking about premium products.

Since that particular segment has almost tripled in size. What advances have you introduced? Currently, our new E-Class can drive autonomously for up to a minute in certain conditions as well as being able to perform lane changes.

Our Moovel app allows people to work out the best way to travel around taking public transport into account, while the Car2Go app lets users locate a car, access it, borrow it by the minute and then drop it off ready for the next user. What does luxury mean to you? A luxury product should be able to touch someone in an emotional way — it needs to provide a special feeling and, in this respect, craftsmanship, styling and technology all play a vital role.

As a goal, how realistic is that? Of course, in the future, the car will actually come to you rather than vice versa. Obviously a lot has been made of your battle with BMW. Our competitors produce great cars, but I have a very specific view when it comes to our technology — I simply say to people, take a test drive in a Mercedes-Benz and then come back to me with your impressions.

I think ultimately our cars speak for themselves. The world needs to take a test drive in one to see how fun driving can really be! I bought my first MercedesBenz while I was at university and it was then that I first realized the sheer level of engineering involved. After that I was determined to get involved with the company and I was fortunate enough to get my foot in the door.

What does the future hold for the automotive industry? Of course, none of this will happen overnight, but we are seeing step-by-step progress. By , ten of our models will be plug-in hybrids, and I see that as part of a gradual transition to fully-electrically powered cars. With regards to the future, is there one avenue you find yourself pulled towards? Research conducted by Intel among executives employing at least people from Poland, Czechia, Hungary and Romania has revealed that the majority of companies have a backup plan in case of cyberattacks.

However, while Czechia scored the highest with 84 percent, Poland and Hungary came in the lowest, with only 60 percent of enterprises having procedures in place to contain cyber threats. This means that 40 percent of large Polish firms have no way of mitigating losses incurred by an attack. The fact that so many businesses in Poland see no need to develop a backup plan for cyberattacks is somewhat surprising, considering that as much as 27 percent of large Polish companies have experienced a security breach over the past six months, with 5 percent having been targeted more than four times over that period.

The high number of successful cyberattacks is largely due to the fact that 62 percent of large Polish firms use passwords as the only security tool. Less than a quarter use two-tier authentication methods password plus e. Even fewer 8 percent use passwords plus two additional identity verification methods. The security measures employed by Polish entrepreneurs are far from sufficient, given that the number of new cyberthreats is growing at a staggering rate — up to new threats per minute, according to analysis prepared by McAfee.

Despite the pervasiveness of malware and increasingly ingenious attacks, only about 50 percent of Polish companies see the need to spend more on IT security. Who do they target? Approximately 50 percent of attacks were focused on companies with fewer than 2, employees, and another 18 percent. In some instances, it may not be the organization itself that is the ultimate target but, once compromised, it can be used as a staging point to increase the success of an attack against a subsequent target.

Still, in comparison to other industries, the financial industry has a superior level of protection against malware and the running of unauthorized software on endpoints. Still, the potential damage is relatively easy to contain as the account or card can be blocked upon reporting an incident. Damage to reputation is far more long. Under the radar Enterprises need to balance the protection of sensitive information and assets against the needs of employees, affiliates and customers to access information at preferred times and locations through social media, mobile devices or the cloud.

Many security incidents go under the radar for fear of punishment, bad publicity or damaged reputation. Of the 5 million fraud and 2. To decrease the effectiveness of attacks, banks have improved both communications to, and the education of, customers, as well as reacting rapidly if an attack occurs. However, criminals have responded not only by creating specialized malicious software designed to compromise online bank accounts, but also by subverting the.

According to the FBI, the latest trend by cybercriminals is to gain employee login credentials by using spam and phishing emails, keystroke loggers and remote access trojans. Such attacks were seen in September , when the Bank of America and Wells Fargo were among those struck. Banks are increasingly sensitive to the brand damage caused by IT failings, believing that customers care just as deeply about security and a stable service as loan or deposit rates.

Former RBS Chief Executive Stephen Hester waived his bonus in over a failed software update that caused chaos for thousands of bank customers. Safe and social Historically, a common method of targeting banks has been direct email phishing to customers.

Imagine a situation in which an ac-. False pretenses Such an environment creates a perfect breeding ground for a wide variety of social engineering techniques such as pretexting, spear phishing, baiting and quid pro quo. Pretexting is another form of social engineering where attackers focus on creating a good pretext, or a plausible excuse to approach the victim in order to ask them to divulge personal information or sensitive data.

In order to fix the error, he will ask to install one small program that he uses to diagnose the issue. This program will typically be malware, often with a keylogger and remote access trojan that they can abuse to steal banking credentials, along with anything else they please. They will often also ask to be paid for the service with a credit card. The amount of detail people put up on the internet makes it easy to create a credible story that leaves little room for doubt on the part of the target.

It also enabled phishing to evolve into spear phishing that is well matched to the target audience, and is used to widen an existing breach of information one piece at a time. For example, RSA was famously hacked via social engineering to gain access to the. SecurID infrastructure. The first step was to email two phishing messages to two groups of relatively low-level employees.

Despite the Excel file being junk-foldered, at least one employee fetched it from the junk and opened it, executing the malware and compromising their machine. What will he or she do? Over the past decade, the realm of possibilities for cybercriminals employing social engineering techniques has grown exponentially. The need to generate more leads, engage prospects, have more distribution channels, distribute costs, deliver new services more rapidly, scale capacity and outsource applications and systems has made financial institutions utilize social media, mobile devices and the cloud, which potentially makes them more vulnerable.

Social media is an emerging customer channel, a point of contact and a potential point of sale. Nearly 75 percent of banking employees make use of social media, yet only 20 percent of banks have deployed technical controls to block or limit organizational usage. This opens up a new window of opportunity for criminals to use social engineering to target victims or spread infected links. Passwords, access cards, biometrics, additional PIN codes or user identification through mobiles may prove to be sufficient enough, assuming we have no internet connection and we protect the data from ourselves as fiercely as we try to keep it out of reach of unauthorized users.

In times of letting it all hang out, and very publicly so, people are very comfortable sharing everything from the location and scope of their current project, through what they have for lunch to pictures of their newborn children. It seems that never before has gaining competitive intelligence been as easy as it is nowadays when professionals are encouraged to develop their personal brand, create an online presence and share their successes with the online community.

With that information in hand, they moved toward the higher value targets and eventually to the data they were seeking. Baiting and quid pro quo involve the promise of gratification for the data obtained. In the latter it involves a service and the former frequently takes the form of goods. Executives and producers need to educate their employees and customers. While partner, client and employee education is a necessity, infection is inevitable.

Links will be clicked and attachments will be downloaded, opened, and executed because that is the job of the average employee. Organizations should focus on building a security suite that is fast in detecting a compromised machine or account, and then quickly and automatically quarantine areas that have been compromised, preventing further access to sensitive enterprise data. For IoT devices, the situation is much more complicated as we cannot install anti-virus software on them.

Therefore, it is not only manufacturers of end devices, but primarily telecommunications carriers that should now take responsibility for protecting us all on the web. Users will also appreciate services such as Parental Control, which prevents users visiting inappropriate websites.

Every internet user should be aware of online threats. They must also demand that their telecommunications supplier provides the necessary services to protect them against such threats. October 21, was to be just another boring day during which millions of users of sites such as Twitter, Netflix and Spotify enjoyed access to their favorite online entertainment.

The direct target of the attack was not the end user, or the web application itself, but the DNS service, i. IPv4 What is worse, it was reported that the attack was conducted only to test exposure, and in future we can expect an even bigger one. DDoS attacks most often use infected computers of unaware end users. These devices are commonly known as IoT Internet of Things devices. Protection against malware is very difficult, but not impossible. End users should, among other things; use software that.

What are its major weaknesses? John Biggs: I think the biggest weakness is storytelling. The strengths are simple: the people. They are smart, personable, and trying hard to build global brands. I think they can win if they build good products and get them in front of people. There are a few tech success stories coming from CEE markets.

Could there be more? Unfortunately the only ones I can think of right now are Estimote, Silvair, and Brand What are the biggest challenges for CEE tech start-ups? Is it perhaps an insufficient VC ecosystem? The VC ecosystem is not great and there is no impetus to change it. Maybe the government can step in and fix it but I worry too many companies die an early death too quickly, frustrating efforts to grow. The biggest challenge? All the best companies leave Poland. Do you agree? It needs to stop.

Do you think this is necessary? How difficult is such a move? Otherwise they will face another brain drain and there will be nothing left. Building an office in SF works just fine, even one staffed with a skeleton crew of sales people. The mission is to understand the Valley but not become part of it.

I love the whole of Central Europe. It is the Visegrad Group that is seeing the biggest change now. Central Europe is no longer a fast-developing region, it is becoming the source of innovation. Learning from examples Learning from data or experience is the core principle in machine learning. It is in fact the only way for a computer program to make complex decisions efficiently and accurately enough, without a lot of manual work provided by humans.

For example, let us assume we want to write a computer program that is able to categorize news articles into topics. In other words, given any article written in natural language, our program should decide without any help from a human whether the article is about politics, sports, music, science, etc.

This is a relatively easy task for a human, provided that they are able to read and understand the article. But what if the article is. If we do not understand the words, or even the names of people or locations mentioned, the problem becomes practi-. A computer will suffer from exactly the same issue: it perceives an article as a sequence of letters and words, at the same time being.

Researchers all over the world rarely agree on a single definition of machine learning. Samuel applied this principle in his research in the field of computer gaming. In the s he developed a way for a computer to learn playing checkers by playing tens of thousands of games against itself and observing which board configurations tend to lead to victory.

Equipped with this experience, the algorithm was able to choose individual moves with the overall goal in mind and was moderately successful in playing checkers against humans. The cost of employing experts to carefully develop such high-quality rules would be substantial.

Is there a better approach? As is often the case, machine learning will come to our aid. Instead of carefully devising thousands of specific rules by hand, we could expose our program to a lot of examples of specific articles with preassigned categories, and let it look for useful patterns in the data.

Even though these rules seem similar to the previous solution, in this case they are automatically learned by the computer using data, and without any manual intervention, which considerably lowers the overall cost. For example, we do not teach infants to speak by lecturing them about grammar rules that can be used to construct sentences. Instead, we simply talk to them, giving their brains huge amounts of data to learn from. As a result, most adults are able to construct new sentences correctly, even if they never learned any formal grammar at all.

Machine learning flavors Assigning predefined categories to objects based on a training set is in fact not the only type of machine learning. The goal of supervised learning is to learn a general rule relating the characteristics of the objects to their labels. Some classic examples of supervised machine learning applications include: optical character recognition, in which we want to categorize images of handwritten characters by the letters represented by them; spam filtering, the goal of which is to identify email messages as spam or non-spam; medical diagnosis, for which we wish to diagnose a patient as a sufferer or non-sufferer of a particular disease; and weather prediction, which aims to predict, for instance, the air temperature tomorrow.

For example, unsupervised learning can be used for customer segmentation, a case in which we wish to divide our customers into several groups based on their characteristics and behavior, such that similar people are grouped together. Another example of unsupervised learning is fraud detection, used to examine a data set of credit card transactions in order to find transactions that may be fraudulent in nature. Teaching strategies Building a highly accurate machine learning-based solution for a certain problem is not a trivial task and requires a substantial amount of expertise.

The process typically starts with collecting data. In the case of categorizing news articles, a set of example articles with known topics has to be collected. Next, the examples have to be transformed into a representation better understood by a computer, typically using numbers.

For example, an article might be represented by the counts of individual words, and an image might be represented by the color intensities of all the pixels. The next phase is the actual learning, during which the program examines the data and tries to discover useful patterns. For example, one way to learn is to build a graph of questions asked about a new article we wish to categorize.

In such a graph, an answer to a question determines which question is asked next, and at the end we arrive at the predicted category. Evaluation serves multiple purposes: it can be used to report the expected quality of a machine learning-based tool, to compare different training methods, or to choose the learning method that should be used in production. What are the factors affecting the quality of machine learning algorithms?

First of all, performance depends on the learning method used. Different learning methods have very different character-. For a specific problem, some learning methods might be more suitable than others, and it is in fact impossible to know in advance what will work best. A poorly chosen learning algorithm, not powerful enough to pick up complex relationships in the data, will give poor results.

By far the most important factor is the data the program learns from. But even if we ignore the issue of noise, there are other important aspects to consider related to the data quality. First of all, to learn well, the computer needs to see enough examples, especially since the categories themselves exhibit some amount of diversity.

Indeed, after seeing only one article about a football world cup, it is unlikely the program will correctly categorize a new article about judo lessons for children. Moreover, the data has to carry enough information about the categories we are trying to predict. For example, if we do not have the articles themselves, but only know their length and language, it would be impossible to predict the topics, as there is very little correlation between these features and the categories.

In this case even huge amounts of data will not help. Finally, the reason for bad performance might be the difficulty of the problem itself. An example of such a task is assessing the polarity of the text, that is deciding whether it expresses bad, good or neutral opinions of its author.

So why do we bother building machine learning-based solutions, knowing they will inevitably make errors? With the overwhelming volume of data surrounding us, machine learning is often the only way to efficiently process it. The decisions provided by a computer might be of significantly lower quality than those supplied by humans, but they are incredibly fast and cheap.

In a lot of applications the answer that is correct 80 percent of the time is still useful, while an answer given too late is simply no answer at all. The hotel will be located on ul. It will offer 90 rooms and will be included in the global reservation, distribution and sales systems of AccorHotels.

Globally, there are now a total of approximately ibis budgetbranded hotels operating in 18 countries. He added that the developer is still analyzing a number of options with regard to the planned redevelopment of the Ilmet site. The Ilmet building was completed in the late s and comprises nearly 20, sqm of usable space. Meanwhile, according to Skanska, the site has the potential to house approximately 60, sqm of GLA.

Skanska Property Poland is currently developing two large office projects — Generation Park and Spark — in the Wola district of Warsaw. Earlier this year, the company acquired a major plot of land on ul. The hotel will be located in the downtown of the city and will offer rooms, with the opening having been scheduled for mid Since the introduction of the brand to Poland more than three years ago, Hilton has opened 14 Hampton by Hilton hotels in the country, with another 11 now in the pipeline.

In what is its first investment in the commercial property market in Poland, German investor Hansainvest has acquired the Atrium 2 office building in downtown Warsaw from developer Skanska Property Poland. The value of the transaction has not been revealed. This is incorrect as the scheme is owned by Griffin Real Estate. We apologize for the mistake. WBJ Observer staff. Builder Korporacja Budowlana Doraco is the general contractor of the scheme which is scheduled for completion in the first quarter of The development, which is expected to be BREEAM-certified, will offer a total of 16, sqm of leasable space, including 3, sqm of retail and service area, with CBRE acting as the exclusive leasing agent.

The development will be located on a site on which the company was previously planning a major shopping center project called Bella Dolina. Mayland is still working on the details of the planned investment. For the time being, the developer has revealed the outlet center will be developed as the first phase of a larger retail complex that will also include a new retail park. The scheme, which will be located close to the iconic Sky Tower apartment building and will be the tallest office building in the city, is scheduled to be completed in the first quarter of The Wielka 27 development will offer a total of more than 9, sqm of leasable space on 14 storeys.

There is interest in leasing space in the investment, with i2 Development having already received a number of inquiries from potential tenants, said Marcin Misztal, vice president of the management board at the company. The Wielka 27 project is the fourth commercial scheme in the portfolio of i2 Development which is also active in the residential market. The 11,sqm scheme is scheduled for completion in the second quarter of next year and has already been fully commercialized.

A pharmaceutical company 7, sqm , online store Emako 2, sqm and a logistics operator 1, sqm took up space in the development soon after construction work began, Prologis has revealed. The largest owner and manager of warehouse space in Central and Eastern Europe, Prologis had a portfolio of approximately 4.

Budner to change name, grow in new market sectors Construction company Budner plans to change its name to Fundamental Group in January next year and focus on growth in new market sectors in the near future. The builder, which will continue to act as the general contractor for residential and commercial real estate projects, wants to become a major developer of turn-key schemes for external investors. When it comes to construction services, the company wants to become more active in the industrial real estate and infrastructure sectors.

The contracts portfolio of Budner is now valued at approximately PLN million. The bank will occupy 22, sqm, or 80 percent of the total space, in a new project, which will be developed on a Yareal-owned site located at the intersection of ul. Kasprzaka and ul. Karolkowa in the Wola district of the Polish capital.

The developer is now also working on Nowogrodzka Square in downtown Warsaw, a boutique office project offering 11, sqm of leasable space. The two-floor scheme, which will be located on ul. The development will house 14 commercial units, with secured tenants including Rossmann and Pepco.

Skanska and BOIG Property Consulting are acting as the general contractor and the leasing agent for the investment respectively. KG Group is already planning a number of new projects of this kind across the country. Aviva acquired the centers in Both retail properties provide steady and secure income streams. Will this huge transaction bring any major changes in the current development and investment strategy of P3? This is not set to change; indeed it will be greatly enhanced by the support of our new owner.

The portfolio of P3 has more than doubled over the last three years. Will the company be focused on new acquisitions, or rather on the further development of existing parks in the near future? We will expand on several fronts. This means further development at our existing parks and acquisitions depending on market conditions. Which markets in Europe are the most important for you at the moment?

We are active in 11 countries across Europe. We offer customers a pan-European platform and see many synergies from working across the continent. For example, developing a strong presence in France and Germany is also important to us in CEE, as many companies from those countries are also expanding here and their economies are closely connected. When it comes to Poland, what are your development plans for this and next year?

Next year we will focus on further development of our four existing parks in Poland as well as. Are you planning to enter any new markets in the next few months?

SIMSTAR INVESTMENTS MILDURA SENIOR

We can expect a lot of innovation in building corporate structures and management styles. He showed on a scale of colors from infrared to turquoise how organizations have evolved over the millennia, from foraging teams , years ago, through authority of elders emerging around 10, years ago, formal hierarchies from the Middle Ages to the modern organizations that emerged after the industrial revolution. At first they.

The latter is colored teal and is one step from a completely turquoise organization: devoid of any hierarchy, where any structure emerges from within. Examples of turquoise organizations abound mainly in the tech industry. In Poland, there are at least a few organizations striving to remain entirely egalitarian by design: web portal INN:Poland named physician rating portal ZnanyLekarz.

According to Leloux, it is the next step in the evolution of organizations. Being as creative and inventive as they are, Millen-. This definitely reduces the chances of mismatch: we all know that even the most scrupulous recruitment process sometimes fails and introverts are reluctantly placed in a position where they are expected to socialize with a large number of people e.

In a turquoise organization, these tasks could be divided between people who are good at them, they could form teams with a natural emergent division of labor. With Gen Ys already the largest group in the workforce and the best educated to date, companies all over the world — including in Poland — are becoming acutely aware they cannot afford to miss out on their collective talent.

Sooner or later they will all have to become Millennial-friendly, or die trying. While those have remained pretty static, here we have seen dynamic development, especially when talking about premium products. Since that particular segment has almost tripled in size. What advances have you introduced? Currently, our new E-Class can drive autonomously for up to a minute in certain conditions as well as being able to perform lane changes.

Our Moovel app allows people to work out the best way to travel around taking public transport into account, while the Car2Go app lets users locate a car, access it, borrow it by the minute and then drop it off ready for the next user.

What does luxury mean to you? A luxury product should be able to touch someone in an emotional way — it needs to provide a special feeling and, in this respect, craftsmanship, styling and technology all play a vital role. As a goal, how realistic is that? Of course, in the future, the car will actually come to you rather than vice versa.

Obviously a lot has been made of your battle with BMW. Our competitors produce great cars, but I have a very specific view when it comes to our technology — I simply say to people, take a test drive in a Mercedes-Benz and then come back to me with your impressions. I think ultimately our cars speak for themselves. The world needs to take a test drive in one to see how fun driving can really be!

I bought my first MercedesBenz while I was at university and it was then that I first realized the sheer level of engineering involved. After that I was determined to get involved with the company and I was fortunate enough to get my foot in the door. What does the future hold for the automotive industry?

Of course, none of this will happen overnight, but we are seeing step-by-step progress. By , ten of our models will be plug-in hybrids, and I see that as part of a gradual transition to fully-electrically powered cars. With regards to the future, is there one avenue you find yourself pulled towards?

Research conducted by Intel among executives employing at least people from Poland, Czechia, Hungary and Romania has revealed that the majority of companies have a backup plan in case of cyberattacks. However, while Czechia scored the highest with 84 percent, Poland and Hungary came in the lowest, with only 60 percent of enterprises having procedures in place to contain cyber threats. This means that 40 percent of large Polish firms have no way of mitigating losses incurred by an attack.

The fact that so many businesses in Poland see no need to develop a backup plan for cyberattacks is somewhat surprising, considering that as much as 27 percent of large Polish companies have experienced a security breach over the past six months, with 5 percent having been targeted more than four times over that period. The high number of successful cyberattacks is largely due to the fact that 62 percent of large Polish firms use passwords as the only security tool. Less than a quarter use two-tier authentication methods password plus e.

Even fewer 8 percent use passwords plus two additional identity verification methods. The security measures employed by Polish entrepreneurs are far from sufficient, given that the number of new cyberthreats is growing at a staggering rate — up to new threats per minute, according to analysis prepared by McAfee.

Despite the pervasiveness of malware and increasingly ingenious attacks, only about 50 percent of Polish companies see the need to spend more on IT security. Who do they target? Approximately 50 percent of attacks were focused on companies with fewer than 2, employees, and another 18 percent.

In some instances, it may not be the organization itself that is the ultimate target but, once compromised, it can be used as a staging point to increase the success of an attack against a subsequent target. Still, in comparison to other industries, the financial industry has a superior level of protection against malware and the running of unauthorized software on endpoints.

Still, the potential damage is relatively easy to contain as the account or card can be blocked upon reporting an incident. Damage to reputation is far more long. Under the radar Enterprises need to balance the protection of sensitive information and assets against the needs of employees, affiliates and customers to access information at preferred times and locations through social media, mobile devices or the cloud.

Many security incidents go under the radar for fear of punishment, bad publicity or damaged reputation. Of the 5 million fraud and 2. To decrease the effectiveness of attacks, banks have improved both communications to, and the education of, customers, as well as reacting rapidly if an attack occurs. However, criminals have responded not only by creating specialized malicious software designed to compromise online bank accounts, but also by subverting the.

According to the FBI, the latest trend by cybercriminals is to gain employee login credentials by using spam and phishing emails, keystroke loggers and remote access trojans. Such attacks were seen in September , when the Bank of America and Wells Fargo were among those struck. Banks are increasingly sensitive to the brand damage caused by IT failings, believing that customers care just as deeply about security and a stable service as loan or deposit rates.

Former RBS Chief Executive Stephen Hester waived his bonus in over a failed software update that caused chaos for thousands of bank customers. Safe and social Historically, a common method of targeting banks has been direct email phishing to customers. Imagine a situation in which an ac-. False pretenses Such an environment creates a perfect breeding ground for a wide variety of social engineering techniques such as pretexting, spear phishing, baiting and quid pro quo.

Pretexting is another form of social engineering where attackers focus on creating a good pretext, or a plausible excuse to approach the victim in order to ask them to divulge personal information or sensitive data. In order to fix the error, he will ask to install one small program that he uses to diagnose the issue.

This program will typically be malware, often with a keylogger and remote access trojan that they can abuse to steal banking credentials, along with anything else they please. They will often also ask to be paid for the service with a credit card. The amount of detail people put up on the internet makes it easy to create a credible story that leaves little room for doubt on the part of the target.

It also enabled phishing to evolve into spear phishing that is well matched to the target audience, and is used to widen an existing breach of information one piece at a time. For example, RSA was famously hacked via social engineering to gain access to the. SecurID infrastructure. The first step was to email two phishing messages to two groups of relatively low-level employees. Despite the Excel file being junk-foldered, at least one employee fetched it from the junk and opened it, executing the malware and compromising their machine.

What will he or she do? Over the past decade, the realm of possibilities for cybercriminals employing social engineering techniques has grown exponentially. The need to generate more leads, engage prospects, have more distribution channels, distribute costs, deliver new services more rapidly, scale capacity and outsource applications and systems has made financial institutions utilize social media, mobile devices and the cloud, which potentially makes them more vulnerable.

Social media is an emerging customer channel, a point of contact and a potential point of sale. Nearly 75 percent of banking employees make use of social media, yet only 20 percent of banks have deployed technical controls to block or limit organizational usage. This opens up a new window of opportunity for criminals to use social engineering to target victims or spread infected links.

Passwords, access cards, biometrics, additional PIN codes or user identification through mobiles may prove to be sufficient enough, assuming we have no internet connection and we protect the data from ourselves as fiercely as we try to keep it out of reach of unauthorized users. In times of letting it all hang out, and very publicly so, people are very comfortable sharing everything from the location and scope of their current project, through what they have for lunch to pictures of their newborn children.

It seems that never before has gaining competitive intelligence been as easy as it is nowadays when professionals are encouraged to develop their personal brand, create an online presence and share their successes with the online community. With that information in hand, they moved toward the higher value targets and eventually to the data they were seeking.

Baiting and quid pro quo involve the promise of gratification for the data obtained. In the latter it involves a service and the former frequently takes the form of goods. Executives and producers need to educate their employees and customers. While partner, client and employee education is a necessity, infection is inevitable.

Links will be clicked and attachments will be downloaded, opened, and executed because that is the job of the average employee. Organizations should focus on building a security suite that is fast in detecting a compromised machine or account, and then quickly and automatically quarantine areas that have been compromised, preventing further access to sensitive enterprise data.

For IoT devices, the situation is much more complicated as we cannot install anti-virus software on them. Therefore, it is not only manufacturers of end devices, but primarily telecommunications carriers that should now take responsibility for protecting us all on the web. Users will also appreciate services such as Parental Control, which prevents users visiting inappropriate websites. Every internet user should be aware of online threats. They must also demand that their telecommunications supplier provides the necessary services to protect them against such threats.

October 21, was to be just another boring day during which millions of users of sites such as Twitter, Netflix and Spotify enjoyed access to their favorite online entertainment. The direct target of the attack was not the end user, or the web application itself, but the DNS service, i.

IPv4 What is worse, it was reported that the attack was conducted only to test exposure, and in future we can expect an even bigger one. DDoS attacks most often use infected computers of unaware end users. These devices are commonly known as IoT Internet of Things devices.

Protection against malware is very difficult, but not impossible. End users should, among other things; use software that. What are its major weaknesses? John Biggs: I think the biggest weakness is storytelling. The strengths are simple: the people. They are smart, personable, and trying hard to build global brands. I think they can win if they build good products and get them in front of people. There are a few tech success stories coming from CEE markets.

Could there be more? Unfortunately the only ones I can think of right now are Estimote, Silvair, and Brand What are the biggest challenges for CEE tech start-ups? Is it perhaps an insufficient VC ecosystem? The VC ecosystem is not great and there is no impetus to change it.

Maybe the government can step in and fix it but I worry too many companies die an early death too quickly, frustrating efforts to grow. The biggest challenge? All the best companies leave Poland. Do you agree? It needs to stop. Do you think this is necessary? How difficult is such a move? Otherwise they will face another brain drain and there will be nothing left.

Building an office in SF works just fine, even one staffed with a skeleton crew of sales people. The mission is to understand the Valley but not become part of it. I love the whole of Central Europe. It is the Visegrad Group that is seeing the biggest change now. Central Europe is no longer a fast-developing region, it is becoming the source of innovation. Learning from examples Learning from data or experience is the core principle in machine learning.

It is in fact the only way for a computer program to make complex decisions efficiently and accurately enough, without a lot of manual work provided by humans. For example, let us assume we want to write a computer program that is able to categorize news articles into topics. In other words, given any article written in natural language, our program should decide without any help from a human whether the article is about politics, sports, music, science, etc.

This is a relatively easy task for a human, provided that they are able to read and understand the article. But what if the article is. If we do not understand the words, or even the names of people or locations mentioned, the problem becomes practi-. A computer will suffer from exactly the same issue: it perceives an article as a sequence of letters and words, at the same time being. Researchers all over the world rarely agree on a single definition of machine learning. Samuel applied this principle in his research in the field of computer gaming.

In the s he developed a way for a computer to learn playing checkers by playing tens of thousands of games against itself and observing which board configurations tend to lead to victory. Equipped with this experience, the algorithm was able to choose individual moves with the overall goal in mind and was moderately successful in playing checkers against humans. The cost of employing experts to carefully develop such high-quality rules would be substantial.

Is there a better approach? As is often the case, machine learning will come to our aid. Instead of carefully devising thousands of specific rules by hand, we could expose our program to a lot of examples of specific articles with preassigned categories, and let it look for useful patterns in the data. Even though these rules seem similar to the previous solution, in this case they are automatically learned by the computer using data, and without any manual intervention, which considerably lowers the overall cost.

For example, we do not teach infants to speak by lecturing them about grammar rules that can be used to construct sentences. Instead, we simply talk to them, giving their brains huge amounts of data to learn from. As a result, most adults are able to construct new sentences correctly, even if they never learned any formal grammar at all.

Machine learning flavors Assigning predefined categories to objects based on a training set is in fact not the only type of machine learning. The goal of supervised learning is to learn a general rule relating the characteristics of the objects to their labels. Some classic examples of supervised machine learning applications include: optical character recognition, in which we want to categorize images of handwritten characters by the letters represented by them; spam filtering, the goal of which is to identify email messages as spam or non-spam; medical diagnosis, for which we wish to diagnose a patient as a sufferer or non-sufferer of a particular disease; and weather prediction, which aims to predict, for instance, the air temperature tomorrow.

For example, unsupervised learning can be used for customer segmentation, a case in which we wish to divide our customers into several groups based on their characteristics and behavior, such that similar people are grouped together. Another example of unsupervised learning is fraud detection, used to examine a data set of credit card transactions in order to find transactions that may be fraudulent in nature. Teaching strategies Building a highly accurate machine learning-based solution for a certain problem is not a trivial task and requires a substantial amount of expertise.

The process typically starts with collecting data. In the case of categorizing news articles, a set of example articles with known topics has to be collected. Next, the examples have to be transformed into a representation better understood by a computer, typically using numbers.

For example, an article might be represented by the counts of individual words, and an image might be represented by the color intensities of all the pixels. The next phase is the actual learning, during which the program examines the data and tries to discover useful patterns. For example, one way to learn is to build a graph of questions asked about a new article we wish to categorize. In such a graph, an answer to a question determines which question is asked next, and at the end we arrive at the predicted category.

Evaluation serves multiple purposes: it can be used to report the expected quality of a machine learning-based tool, to compare different training methods, or to choose the learning method that should be used in production. What are the factors affecting the quality of machine learning algorithms? First of all, performance depends on the learning method used. Different learning methods have very different character-. For a specific problem, some learning methods might be more suitable than others, and it is in fact impossible to know in advance what will work best.

A poorly chosen learning algorithm, not powerful enough to pick up complex relationships in the data, will give poor results. By far the most important factor is the data the program learns from. But even if we ignore the issue of noise, there are other important aspects to consider related to the data quality. First of all, to learn well, the computer needs to see enough examples, especially since the categories themselves exhibit some amount of diversity. Indeed, after seeing only one article about a football world cup, it is unlikely the program will correctly categorize a new article about judo lessons for children.

Moreover, the data has to carry enough information about the categories we are trying to predict. For example, if we do not have the articles themselves, but only know their length and language, it would be impossible to predict the topics, as there is very little correlation between these features and the categories. In this case even huge amounts of data will not help. Finally, the reason for bad performance might be the difficulty of the problem itself.

An example of such a task is assessing the polarity of the text, that is deciding whether it expresses bad, good or neutral opinions of its author. So why do we bother building machine learning-based solutions, knowing they will inevitably make errors? With the overwhelming volume of data surrounding us, machine learning is often the only way to efficiently process it. The decisions provided by a computer might be of significantly lower quality than those supplied by humans, but they are incredibly fast and cheap.

In a lot of applications the answer that is correct 80 percent of the time is still useful, while an answer given too late is simply no answer at all. The hotel will be located on ul. It will offer 90 rooms and will be included in the global reservation, distribution and sales systems of AccorHotels. Globally, there are now a total of approximately ibis budgetbranded hotels operating in 18 countries.

He added that the developer is still analyzing a number of options with regard to the planned redevelopment of the Ilmet site. The Ilmet building was completed in the late s and comprises nearly 20, sqm of usable space. Meanwhile, according to Skanska, the site has the potential to house approximately 60, sqm of GLA.

Skanska Property Poland is currently developing two large office projects — Generation Park and Spark — in the Wola district of Warsaw. Earlier this year, the company acquired a major plot of land on ul. The hotel will be located in the downtown of the city and will offer rooms, with the opening having been scheduled for mid Since the introduction of the brand to Poland more than three years ago, Hilton has opened 14 Hampton by Hilton hotels in the country, with another 11 now in the pipeline.

In what is its first investment in the commercial property market in Poland, German investor Hansainvest has acquired the Atrium 2 office building in downtown Warsaw from developer Skanska Property Poland. The value of the transaction has not been revealed. This is incorrect as the scheme is owned by Griffin Real Estate. We apologize for the mistake.

WBJ Observer staff. Builder Korporacja Budowlana Doraco is the general contractor of the scheme which is scheduled for completion in the first quarter of The development, which is expected to be BREEAM-certified, will offer a total of 16, sqm of leasable space, including 3, sqm of retail and service area, with CBRE acting as the exclusive leasing agent. The development will be located on a site on which the company was previously planning a major shopping center project called Bella Dolina.

Mayland is still working on the details of the planned investment. For the time being, the developer has revealed the outlet center will be developed as the first phase of a larger retail complex that will also include a new retail park. The scheme, which will be located close to the iconic Sky Tower apartment building and will be the tallest office building in the city, is scheduled to be completed in the first quarter of The Wielka 27 development will offer a total of more than 9, sqm of leasable space on 14 storeys.

There is interest in leasing space in the investment, with i2 Development having already received a number of inquiries from potential tenants, said Marcin Misztal, vice president of the management board at the company.

The Wielka 27 project is the fourth commercial scheme in the portfolio of i2 Development which is also active in the residential market. The 11,sqm scheme is scheduled for completion in the second quarter of next year and has already been fully commercialized. A pharmaceutical company 7, sqm , online store Emako 2, sqm and a logistics operator 1, sqm took up space in the development soon after construction work began, Prologis has revealed. The largest owner and manager of warehouse space in Central and Eastern Europe, Prologis had a portfolio of approximately 4.

Budner to change name, grow in new market sectors Construction company Budner plans to change its name to Fundamental Group in January next year and focus on growth in new market sectors in the near future. The builder, which will continue to act as the general contractor for residential and commercial real estate projects, wants to become a major developer of turn-key schemes for external investors.

When it comes to construction services, the company wants to become more active in the industrial real estate and infrastructure sectors. The contracts portfolio of Budner is now valued at approximately PLN million. The bank will occupy 22, sqm, or 80 percent of the total space, in a new project, which will be developed on a Yareal-owned site located at the intersection of ul.

Kasprzaka and ul. Karolkowa in the Wola district of the Polish capital. The developer is now also working on Nowogrodzka Square in downtown Warsaw, a boutique office project offering 11, sqm of leasable space. The two-floor scheme, which will be located on ul.

The development will house 14 commercial units, with secured tenants including Rossmann and Pepco. Skanska and BOIG Property Consulting are acting as the general contractor and the leasing agent for the investment respectively. KG Group is already planning a number of new projects of this kind across the country. Aviva acquired the centers in Both retail properties provide steady and secure income streams.

Will this huge transaction bring any major changes in the current development and investment strategy of P3? This is not set to change; indeed it will be greatly enhanced by the support of our new owner. The portfolio of P3 has more than doubled over the last three years. Will the company be focused on new acquisitions, or rather on the further development of existing parks in the near future? We will expand on several fronts. This means further development at our existing parks and acquisitions depending on market conditions.

Which markets in Europe are the most important for you at the moment? We are active in 11 countries across Europe. We offer customers a pan-European platform and see many synergies from working across the continent. For example, developing a strong presence in France and Germany is also important to us in CEE, as many companies from those countries are also expanding here and their economies are closely connected.

When it comes to Poland, what are your development plans for this and next year? Next year we will focus on further development of our four existing parks in Poland as well as. Are you planning to enter any new markets in the next few months? We will then work with GIC on strategic decisions such as entries into new markets. Will this strong leasing activity in the country continue in the coming months? Everything indicates that the high level of demand will continue and may even increase.

We are certainly very optimistic and can see no signs of a slowdown. The amount of speculatively developed warehouse space has been on the rise in Central and Eastern Europe of late. Is P3 now developing or planning any speculative projects in the region? Speculative construction is currently part of our activities across Central and Eastern Europe, particularly in areas where.

Which sectors are now generating the most demand for warehouse space in CEE? Our customers come from a wide range of business sectors. At present we are seeing particularly strong demand from the 3PL Third Party Logistics , e-commerce and automotive sectors.

Other sectors are growing as well, including IT, light manufacturing, pharmaceuticals and services. Has the growing significance of ecommerce already been felt at P3 parks? Yes, we have been experiencing growth in e-commerce for some time.

E-commerce occupiers are one of our largest customer groups across Europe. Our client portfolio includes some of the sector leaders such as Alza in Czechia, Emag in Romania, Agito in Poland and others. And, of course, e-commerce has directly fueled the growth of returns centers. The best example of this kind of multiple use. Do you see any major potential threats to the warehouse property market in Poland and the other CEE countries in the near future?

Economic and political stability is vital to retaining and securing customers and undertaking further development. The transaction has yet to be approved by regulatory bodies and is expected to be finalized by the end of this year. The company currently has a total of warehouse assets in 62 locations across nine countries. Eleven new sites are now under construction, with a combined , sqm of space scheduled for completion by the end of In Poland, P3 holds a total of more than , sqm of existing logistics assets in four locations.

We are confident of the long-term potential of the European logistics sector, and look forward to expanding this attractive platform with the very capable P3 management team. New investors have been driving the market in recent months. However, the pool of investors active in the Polish market has become increasingly diversified as more African and Asian money flows in.

This year, the total transaction volume. The analysis of the data for the last 18 years shows that German 27 percent , American 20 percent , British 10 percent , Austrian 9 percent and global 10 percent investors have invested the most capital in Poland to date.

Several large transactions closed earlier this year are set to completely change the proportions for In Q1-Q3, South African capital accounted for 48 percent of the transaction volume, with German, British and American capital having accounted for 11 percent each, according to Savills. In one of the largest transactions in the.

Analysts are saying that new capital has been flowing into Poland from completely new directions such as Africa and Asia, as well as from countries which have long been associated with investments in the Polish real estate market, including Germany, the UK and the United States. In the opinion of Tomasz Puch, director, office and industrial capital markets at JLL, one also should, in the near future, 4expect the arrival in Poland of specialized investors, focused on the acquisition of assets from one particular for example warehouse or retail sector.

Of a similar opinion was Marek Paczuski, the director of the investment department at Savills in Poland, who argued that one should expect more capital flowing into the country from South Africa, as well as from Asian countries including Malaysia and Singapore. Damian Grzywacz, a senior manager, business development at Penta Investments, said that the situation in the global markets and the good economic situation in Central and Eastern Europe have been attracting new investors to the region.

This has certainly been true for Asian capital. In the last phase of the negotiations, the buyer outbid a well-known German investor, Penta has revealed. Colliers International data shows that Asian capital has accounted for nearly 20 percent of the total investment volume this year and has been gaining in significance in recent years. Mirowski pointed out that Far Eastern investors invest in Poland indirectly, through investment managers.

German funds less active? The strong entry of new investors from countries including South Africa into Poland and the limited availability of core real estate product in the country seem to. According to Dean, some of the proposed legislative changes in Poland have made some German investors more cautious. While German funds accounted for as much as 40 percent of the total volume in.

Felicki pointed out that German capital is still present in Poland, but the list. This results from the fact that most of those funds already have major property portfolios in the Polish market. Of a similar opinion was Mirowski, who noted that some of the German investment funds have already, due to the large real estate portfolios that they built in Poland in previous years, increased their exposure to the supply and demand dynamics in the country. In his opinion, the percentage share of that capital in the transaction volume in Poland should grow in the next few quarters.

Meanwhile, domestic investors still claim only a relatively small slice of the investment pie in Poland. The percentage share of Polish investors in the combined commercial property investment volume has recently decreased — in and the figure stood at 9 percent and 11 percent respectively, only to drop to 4 percent in the first three quarters of this year, according to CBRE data. He pointed out that Griffin Real Estate, the leading domestic investor in the real estate market in Poland, has been very active in recent years.

However, the company has, to a considerable degree, been supported by American capital, Paczuski noted. Now, there is a new prestigious address on the map — Park Lane Apartments on ul. It is an incredibly unique and exceptional place. Park Lane is an elite, cozy, seven-storey apartment building that boasts a high standard of finish. It is well equipped, elegant, sophisticated and classy. With its location close to the city center, it offers its residents a truly tranquil atmosphere, as well as a lot of greenery and a view of the Royal Baths.

It provides you with an opportunity to enjoy all the delights of Warsaw, but at the same time it offers life away from the hustle and bustle of the big city. Park Lane features 12 apartments with a floor area ranging from to sqm. The interiors were designed to allow their future users maximum flexibility in arranging the space. We truly believe that it is the customer who adds character to an apartment, by adding their favorite couch, photos of their loved ones, or souvenirs from their trips, so the interior finishing must be quite moderate.

In this way, while maintaining a very high level of quality and comfort, we enable our customers to express their individuality through their personal belongings. We opted for comprehensive interior finishing of all the apartments, in line with our philosophy that a luxurious product is a finished one. What is so unique about Park Lane?

First of all, its one-of-a-kind location, its coziness, as well as a thorough selection of the potential future owners of the apartments, which is still a rarity in Poland. We also make sure that all the non-residential spaces in the building never diverge from the expected quality. That is why we have decided not to sell the spaces located on the ground floor so as not to lose control over them.

Obtaining relatively small income from their rental or sale is not our top priority. Instead, we want the Tacit brand to be real proof that our apartment buildings are, and always will be the best. On the day a building is completed, you can move in and enjoy peace and quiet, without having to worry that you will spend the next two years on a construction site.

Can you fall in love with a place the very moment you enter it? Yes, you can. That is all you need to do. As millions of buyers in Poland go out and indulge in shopping sprees during what is usually the peak selling season of the year, the vast majority of them will choose the traditional shopping mall as their preferred destination. High streets in the country have been developing relatively slowly in recent years, with their full potential remaining untapped as yet.

The sector is still looking for its place in the retail market, said Katarzyna Michnikowska, a senior analyst, research and consultancy, at Colliers International. However, as the market continues to mature, high streets may now be in for better times. The shopping center segment has seen tremendous growth in Poland in the past few decades, but interest in the other retail formats is also now on the rise, with buyers looking for a new shopping experience.

A nascent market. A report on high streets in Poland published by Knight Frank last year estimated the combined stock of the retail space located in the downtowns of the eight largest cities across the country at approximately , sqm — that is less than 8 percent of the aggregate modern retail stock.

Marcin Juszczyk, a member of the management board at Capital Park. Meanwhile, new real estate investments developed in high-street locations are, slowly but surely, adding to the existing stock. In Warsaw, for example, high-quality retail space located in ongoing schemes, including Raffles Europejski and Ethos, will soon provide luxury and premium brands with new high-street expansion opportunities.

Real estate experts point out that in the mature retail property markets around the world there is room for both traditional shopping centers and retail units on high streets, with the two retail formats complementing, rather than competing with each other.

High streets and. A changing profile. The profile of high streets in the largest cities across Poland has changed in recent years. While in restaurants accounted for 21 percent of total high-street retail, the figure has since increased to 32 percent, according to JLL data. A negative trend is the decrease in the percentage share of fashion retailers from 30 percent to 14 percent in the period, he added. Fashion retail, by contrast, is not expected to see much high-street expansion in the coming years, except for micro locations with exclusive or designer clothes stores.

When it. JLL data shows that apart from Warsaw, high-street rents in the largest cities in Poland have decreased by an average 18 percent since Rents in the Polish capital have remained stable and have even increased slightly in some high-street locations. The demand for high-street retail space is much lower than the demand for space in traditional retail formats.

However, the occupancy levels on high streets in Warsaw suggest there is no shortage of tenant interest in leasing space in such locations. Juszczyk said that only between 10 and 20 of the plus retail units existing on high streets in the Polish capital remain vacant. In the largest cities across Poland, the average vacancy rate in the high-street retail sector is now estimated at approximately 8 percent, according to JLL. Barriers to growth.

The hitherto relatively slow development of the high-street retail sector in Poland can be attributed to a number of factors, with real estate experts listing the shortage of suitable space and the lack of proper city infrastructure, including underground parking lots as some of the greatest barriers. Finding quality retail space, especially for a larger store, sized sqm or 1, sqm and located on the ground floor, is a challenge. This is the result of complicated ownership issues and the poor technical standard of high-street retail units.

The climate in Poland, not particularly favorable for high-street shopping, is often blamed too. However, Juszczyk noted that in London, for instance, the climate is not a major barrier. Juszczyk also pointed to the lack in the high-street retail sector in Poland with perhaps the exception of the Vitkac building in Warsaw of the department store format, represented in Western Europe by such buildings as Harrods in London and Galeries Lafayette in Paris.

The lack of a proper marketing policy is a problem too. Experts are saying that improved communication between property owners, managers, municipal authorities and tenants is needed so that joint initiatives can be developed. The association organizes a number of events to promote ul. Mokotowska — one of the main high streets in Warsaw. Michnikowska insisted that the differences between the perspective of large retail chains and the perspective of local entrepreneurs be taken into account when considering the potential of the high-street retail sector in Poland.

For the former, shopping centers continue to be the main expansion targets, while for the latter the rental levels in high streets often prove to be an insurmountable barrier. Brighter future ahead? Despite all their growing pains, high streets in Poland are expected to continue to develop in the coming years, with a number of economic, societal and urban planning trends now supporting their growth.

Maciej Zajdel, a member of the management board at Kulczyk Silverstein Properties, argued that there is now increased interest in high streets in Poland from luxury and premium brands that want to open their flagship stores in the country in such locations. According to Zajdel, this is largely the result of the economic situation around the world.

Lower sales in major market outlets including Russia and China have led the brands to shift their attention to countries such as Poland, which has seen an increase in luxury goods sales of late. The number of affluent people in Poland has been on the rise — according to KPMG data, the number of those earning more than PLN 7, per month will this year exceed one million.

The trend will continue, with the figure expected to grow to almost 1. Zajdel argued that high streets in Warsaw and in Prague currently have equally good growth prospects. According to Zombirt, the ongoing changes in the downtowns of Polish cities, including densification and revitalization processes, as well as the upgrading of public spaces, are also now a major driving force behind the development of high streets in Poland. Dzikowska too agreed that the main high streets in the country have growth potential.

Warsaw in particular. It makes sense to invest in these schemes. The facts are that with the spending power of the local population, you could more or less justify a new shopping center being built in the capital every couple of years. How will your portfolio change? Of those assets, seven have been earmarked for either redevelopment or extension. What trends are you noticing in terms of more traditional tenants? Yet while these grocery chains are getting smaller, fashion brands appear to be.

How has the emergence of e-commerce affected your offer? We view the internet as a great opportunity to drive footfall. Concepts such as click-and-collect are growing increasingly popular and, again, we see that as a real chance to visit our centers and use their facilities. Promenada is already undergoing a significant expansion and, as you mentioned, other centers will follow suit. We have to continually invest: bigger centers will always have higher footfall because their offer is broader.

Diversification in terms of retail and leisure opportunities has become more important than ever For instance, we have a new cinema operator in Reduta that we think will trigger a bit more competition in the cinema offer in Warsaw. Will the smallest of the micro-units, which Polish law. Experts are saying there is room for growth in the segment, but its exact potential is still difficult to evaluate. A global phenomenon. Dantex is now developing its WolskaKwadrat project in Warsaw, which will include micro-apartments sized from 14 sqm.

The company offers potential buyers the possibility to sign an agreement with an operator who will take care of the management and rental of the units. Ochnik Development has also recently launched construction work on its Studio Centrum scheme in the Polish capital, which will comprise 85 microapartments.

The smallest of them are sized 14 sqm. Maximilian Mendel, a partner, transaction advisory, at REAS, pointed out that micro-apartments or micro-units are a global phenomenon, and are mainly offered in high-density and expensive markets where buyers or tenants are very price sensitive. Developers in Asia, in particular, embraced the micro-living trend early on. No single definition of the product in question exists. This means that one cannot register permanent residence in such units and one has to pay a higher, 23 percent VAT rate for them, instead of the regular 8 percent rate applicable to apartments.

Of course, you can still live in a microapartment, you can rent it out and you can sell it. In fact, although there are situations when such units are bought for owner-occupation, buy-to-let investors account for the majority of the purchases, Mendel said. Indeed, developers themselves admit that micro-apartments are a typical investment product.

Room for growth? The micro-apartment segment should see further growth in Poland in the coming years, although units of this kind will likely remain an interesting niche and will not account for a significant part of the market. She pointed to the relatively high construction costs of micro-apartment projects. She was also skeptical about the size of the demand for such product among both buy-to-let investors and those buying micro-apartments for owner-occupation.

Marcin Liberski, the marketing and sales director at developer Atlas Estates, argued that the company has seen a lot of. One of the ongoing schemes includes units sized from 25 sqm to 30 sqm, all of which have already been sold. According to Horbaczewski, microapartments have a chance to catch on in the markets in Warsaw and in other large cities in Poland where there are many potential tenants and there is a constant inflow of new inhabitants.

In those locations, the accommodation needs of the inhabitants will not be met for a long time yet so there will continue to be room for new residential supply, including very small units, even if the price per sqm of the smallest apartments is higher than the price per sqm of large apartments.

Investors may find the relatively low total price of micro-apartments attractive and it is that price that the developers of such units will certainly focus on in their marketing activities, Horbaczewski said. Also, Mendel said that the prospects for this market segment seem to be moderately positive. From the supply side, it depends mainly on the availability of land plots with the proper land use designation. Is this a sign of an upcoming market slowdown? Marek Roefler: We are still witnessing a large supply of apartments in the market.

The 20 percent decrease in the number of new apartments that appeared in the market in Q3 is, in our opinion, something natural. One should bear in mind that from the beginning of banks will require higher, percent down payments from those applying for mortgages.

The Reas data is evidence of the stabilization of the market, which should maintain the balance between the demand and the supply, for the benefit of both developers and apartment buyers. Apartment sales in the largest cities have remained at a record high level in the last few quarters. The impact of the MdM program on sales levels has been considerable. However, we should remember that the program is not the only factor influencing the market of new apartments.

There is still the lack of an attractive alternative for investors on the market. Bank deposits, shares traded on the Warsaw Stock Exchange and fund shares cannot offer the same returns that are offered by the property market. Developers are coming up with new instruments that allow investors to make money from renting apartments.

Will the recently introduced National Housing Program Narodowy Program Mieszkaniowy , which is aimed at increasing the availability of apartments with. What is the percentage share of purchases for investment from the total sales? In the case of our company, purchases for investment purposes account for approximately 30 percent of the total apartment sales.

To make sure that we have attractive properties in our offer, we buy plots in the best locations across Warsaw. This not only requires a thorough analysis of the market and the prospects for the development of infrastructure in the given locations, but also involves significant upfront investments in future projects. Programs of this kind are much needed, especially by those who are just beginning to live on their own and for those with lower wages.

We need to remember though that the availability of the apartments in the program will be limited and it is not yet known exactly when and where the apartments are to be developed. The aim of the recommendations was to lower the number of defaults on mortgages and they have, in a natural way, resulted in stricter lending policies of banks. So, even though its details are not yet known, we do not expect the program to have a major impact on the market.

The Wola district of Warsaw, where many of your projects are located, has emerged as the location with the largest number of new residential schemes in the city of late. Will the high development activity in the district continue in the coming years? Wola has huge potential — there are still many interesting plots of development land there. Additionally, the location of the district and its excellent, both existing and planned infrastructure translate into lots of interest in the market.

This trend is now being reinforced by the extension of the second subway line, which is a strong magnet for clients. Which other locations in Warsaw are the most promising at the moment? We are interested in all locations that have investment potential. Buyers are currently very much aware of their needs, which requires developers to invest in high-quality projects. Is Dantex planning to enter any markets outside Warsaw in the near future? Our development activity is focused on Warsaw.

We know the market very well and have adapted to its dynamics and specificity. We still have a lot to do here, but of course we are keeping a close eye on markets in other large cities too. How many new residential projects will Dantex launch next year? And where they will be? Next year, we plan to launch construction work on five projects. Your WolskaKwadrat project in Wola is one of the first schemes in Poland to offer so-called micro-apartments.

Who is such a product targeted at? Micro-apartments WolskaKwadrat is an investment offer targeted at those who wish to earn money by renting apartments. This is a comprehensive product that does not require any major engagement on the part of the buyer as a professional operator is in charge of the management and the rental of the property. Due to the small size of the apartments, the minimum investment threshold is relatively low — a down payment of PLN 15, is enough to invest in the safest instrument available in the market.

Will this segment of the market develop in Poland? Dantex is one of the first developers in Poland to offer rental micro-apartments in the condo system. We are aware of the fact that this is a new product that has come to our country from well developed markets.

Only when the product is professionally prepared, when an experienced operator is provided and continuous rental and management are guaranteed, will schemes of this kind become more popular in the market. Meeting several other conditions is important too. The location of the project needs to be attractive for potential tenants. The quality of the service needs to be comparable with that seen in high-quality hotels. Last but not least, one needs to find the abovementioned operator, who will shoulder the full responsibility for the management and rental processes.

We are convinced that the percentage share of such investments in the market in Poland will continue to rise. The volume of internet sales in Poland has now almost returned to pre-pandemic levels, while at the same time Polish consumers have become more willing to shop in convenience centres in smaller retail formats, according to JLL.

The retail park segment in Poland has continued to grow despite the Covid pandemic, according to the latest findings published jointly by JLL and Trei. Self-service fitness club chain Gym! Retail parks have been the biggest beneficiaries of the structural changes to the Polish retail market over the last decade and will continue to take a larger share of the market during and beyond the pandemic, according to research by consultancy JLL and retail park developer Trei Real Estate Poland.

Organic Fitness has already opened up a 1, sqm fitness club and a 50 sqm SuperVista optician's will open under the brand name Brillen. The retail park is situated in Solec Kujawski in the Kuyavian-Pomeranian province in the north of the country. A consortium of Eurovia, Subterra, Strabag. Almost three quarters of employers plan to reintroduce their employees to their workplaces in phases rather than all at once, according to CBRE in its The first stage of the preparations for the 11th Eurobuild Awards is now behind us — with the completion of the registration process for companies and Due to the fact we are currently moving our premises, which involves the relocation of our mail server, Eurobuild cannot be contacted via our usual e And to sum up the tone of the discussions, it could be s JLL has for the first time in the history of international real estate consultancies in Poland chosen someone from outside the sector to run the compa Hungarian architectural and design firm MadiLancos Studio has leased sqm for its new head office in the recently refurbished ZenGarden building in Mokotowska 49 in the Mokotowska Square building in Warsaw.

Colliers International, a leading commercial real estate advisory firm, has taken over the management of the DSV International Shared Service Centre o Delta Holding has submitted an offer in the latest public tender for the purchase of the Sava Center congress hall in Belgrade.

Panattoni has begun the construction of a new industrial park on the site of the former Kavalier glassworks in Hostomice near Teplice in Central Bohem Eurobuild CEE. Property and Facility Management. Eurobuild Conferences. Edition 11 November Tweets by EurobuildCEE.

Это schroders property investment management limited почему так

This premium lounge features complimentary breakfast, refreshments and snacks. In the summer the warm evenings can be spent on the Piazza terrace and in the winter guests can grab a warming coffee from Illy cafe. With 3, sq. The sq. There is a fully equipped business center.

At 50 feet tall at its highest point, the lobby features light installations and stunning views in the evening. Other attractions include the Warsaw Uprising Museum which is just a 5-minute walk away. Couples in particular like the location — they rated it 8. Hilton Warsaw Hotel has been welcoming Booking. We're sorry, but there was an error submitting your comment.

Please try again. Good for couples — they rated the facilities 8. This hotel was highly-rated for its very comfy beds. Get instant confirmation with FREE cancellation at most properties on our site! Starting April 6, , your chosen cancellation policy will apply, regardless of the coronavirus. We recommend booking an option with free cancellation in case your travel plans change. Prices you can't beat! All pools are free of charge. It looks like something went wrong submitting this.

Try again? Cancellation and prepayment policies vary according to accommodations type. Please enter the dates of your stay and check what conditions apply to your preferred room. To see correct prices and occupancy info, add the number and ages of children in your group to your search.

No age restriction. Cards accepted at this hotel. Hilton Warsaw Hotel accepts these cards and reserves the right to temporarily hold an amount prior to arrival. Guests are required to show a photo ID and credit card upon check-in. Please note that all Special Requests are subject to availability and additional charges may apply.

The prices at Hilton Warsaw Hotel may vary depending on your stay e. To see prices, enter your dates. The following parking options are available to guests staying at Hilton Warsaw Hotel subject to availability : Parking On-site parking Private Parking.

Guests staying at Hilton Warsaw Hotel can enjoy a highly-rated breakfast during their stay guest review score: 8. Check your booking confirmation email to find your booking number and PIN. Booking not found — double-check your booking number and PIN then try again. Only a customer who booked through Booking. This lets us know our reviews come from real guests like you. If you stayed at this property through Booking. There was a problem loading the reviews. Try again. Open your list.

Looking for more info? Send a question to the property to find out more. You'll receive an email as soon as the property answers your question. The rooms have big windows; nice view. Great breakfast buffet with special Room for Hilton Honors members. Also the bathroom was very big and nice, great facilities. Nice spa and pool. The personnel from the reception was very nice. Error: Please enter a valid email address. Error: Oops!

An error has occurred. We've sent you an email so you can confirm your subscription. List your property. We have more than 70 million property reviews, all from real, verified guests. The only way to leave a review is to first make a booking. That's how we know our reviews come from real guests who have stayed at the property. When guests stay at the property, they check out how quiet the room is, how friendly the staff is, and more. After their trip, guests tell us about their stay.

We check for naughty words and verify the authenticity of all guest reviews before adding them to our site. All hotels Hotels Apartments. Poland Hotels Apartments. Masovia Hotels Apartments. Warsaw Hotels Apartments Tourism Car rental. Wola Hotels. We Price Match. Location , service, wonderful staff , easy parking for my car.. Abdullah Kuwait. Good location in Warsaw, Clean hotel and big rooms.

Jubin United Arab Emirates. Location near all facilities and transportation Clean Kind staff. Mohamed Egypt. If the swimming pool was owned by Hilton, I would give a much higher rating Jiahe Netherlands. They responded quickly, rooms are clean, nice, around 20min to old town by foot.

Spa and breakfast are excellent. Ieva Lithuania. The staff was very polite and helpfull, especially Jakob. Travel Romania. Very helpful staff around the clock. Markus United States of America. Roma Poland. The staff was amazing, the place is magical I loved every minute of it! Kate Israel. The room was big, with comfortable bed. Luminita-ioana Romania. Staff 8. Highly rated for: Very comfy beds.

Highly rated for: Very clean bathrooms. Highly rated for: On-site restaurant. Highly rated for: Great check-in experience. Highly rated for: Views from the property. Highly rated for: On-site fitness center. Hilton Warsaw Hotel Reserve now. Hilton Warsaw Hotel 8. Very Good. What would you like to know? Enter your feedback I already have a booking with this property Submit. Thank you for your time Your feedback will help us improve this feature for all of our customers Close.

Missing some information? Most popular amenities 1 swimming pool. Pet friendly. ATM: Need cash? This property has an ATM on site. Lock in a great price for your upcoming stay Get instant confirmation with FREE cancellation at most properties on our site! Find a cancellation policy that works for you Starting April 6, , your chosen cancellation policy will apply, regardless of the coronavirus.

Availability We Price Match. When would you like to stay at Hilton Warsaw Hotel? Reservations longer than 30 nights are not possible. Enter your dates to check availability. Your departure date is invalid. Check-in date. Check-out date. King Room 1 king bed. Something went wrong — please try again later. Twin Room 2 twin beds. Executive Panoramic Suite 1 king bed and 1 sofa bed. King Deluxe Corner Room 1 king bed. King Deluxe Business Room 1 king bed. King Executive Business Room 1 king bed.

Deluxe King Room with City View 1 king bed. Comfortable bed, as always at Hilton. Great view! The Pool and Fitness is also great and there is even a Casino. We had a great stay. Great gym and big swimming pool.

There is a 25m swimming pool and sauna too. Breakfast has many options. Clean room and nice view from my room. Service during breakfast - perfect. Enjoyed it a lot. The room had a nice view - was nice to have a working place at the window. Recommend upper floors! Bathroom with heated floor - really liked it. Big screen tv. Casino downstairs. Error: Please enter a valid email address.

Error: Sorry. An error has occurred. We've sent you an email so you can complete your subscription. List your property. We have more than 70 million property reviews, and they're all from real, verified guests. The only way to leave a review is to first make a booking.

That's how we know our reviews come from real guests who have stayed at the property. When guests stay at the property they check out how quiet the room is, how friendly the staff are and more. After their trip, guests tell us about their stay. We check for naughty words and verify the authenticity of all guest reviews before adding them to our site.

All hotels Hotels Apartments. Poland Hotels Apartments. Masovia Hotels Apartments. Warsaw Hotels Apartments Tourism Car hire. Wola Hotels. Hilton Warsaw Hotel Hotel Poland deals. We Price Match. I loved the friendly staff and atmosphere very welcoming and helpful staff 5 stars to them. Thank you Aneta. Aneta United Kingdom.

Very friendly staff! Maria Poland. Very nice and clean hotel with comfortable Beds and great service! Michael Austria. Very helpful staff. Pawel Spain. Krzysztof United Kingdom. Nice view from the Misi United States. The hotel has the best gym available - there's a Holmes Fitness Club with visits for hotel guests. Room on the 21st floor had a great view. Jakub Poland. Nice hotel , location is great, close to everything.

Ariel Sweden. Breakfast was rich - fresh juice was a highlight. Lolita Latvia. Nicely layed out room. Edmundas Lithuania. Staff 8. Highly rated for: Very comfy beds. Highly rated for: Very clean bathrooms. Highly rated for: On-site restaurant. Highly rated for: Great check-in experience. Highly rated for: Views from the property.

Highly rated for: On-site fitness centre. Hilton Warsaw Hotel Reserve now. Hilton Warsaw Hotel 8. Very good. What would you like to know? Enter your feedback I already have a booking with this property Submit. Thank you for your time Your feedback will help us improve this feature for all of our customers Close.

Missing some information? Most popular facilities 1 swimming pool. Spa and wellness centre. Pets allowed. ATM: Need cash? This property has an ATM machine on site. Lock in a great price for your upcoming stay Get instant confirmation with FREE cancellation at most properties on our site!

Find a cancellation policy that works for you From 6 April , your chosen cancellation policy will apply, regardless of Coronavirus. Availability We Price Match. When would you like to stay at Hilton Warsaw Hotel? Sorry, reservations for more than 30 nights are not possible. Please enter your dates to check availability. Your departure date is invalid. Check-in date. Check-out date.

King Room 1 extra-large double bed. Something went wrong. Please try again later. Twin Room 2 single beds. Executive Panoramic Suite 1 extra-large double bed and 1 sofa bed. King Deluxe Corner Room 1 extra-large double bed. King Deluxe Business Room 1 extra-large double bed. King Executive Business Room 1 extra-large double bed. Deluxe King Room with City View 1 extra-large double bed. Connecting King Guestroom 1 extra-large double bed.

Why book with us. Guests loved walking around the neighbourhood! What's nearby. Warsaw's Hospital for Infectious Diseases. Top attractions. Museum of the History of Polish Jews. Public transport. Metro Rondo Daszynskiego Metro Station. Train Warszawa Ochota Railway Station. Closest airports. Actual travel distances may vary. Are you missing any information about this area? Outdoors Terrace. Pets Pets are allowed on request. Charges may be applicable. Activities Casino. Internet WiFi is available in the hotel rooms and charges are applicable.

Parking Parking options available. Indoor swimming pool Free! What topic s would you like to know more about? Hair dryer Bathroom features shower, tub, etc. Lunch and dinner details Meal prices. Policies Pet policies Cancellation policies Couples policies are non-married individuals allowed? Other Enter your feedback. Thanks for your help! Your thoughts help us figure out what kind of information we should be asking properties for. Back to property. See availability House rules Hilton Warsaw Hotel takes special requests - add in the next step!

Check-in From hours Guests are required to show a photo identification and credit card upon check-in. Check-out Until hours. Child policies Children of any age are welcome. Children aged 18 years and above are considered adults at this property. There is no capacity for cots at this property. There is no capacity for extra beds at this property. No age restriction There is no age requirement for check-in. Groups When booking more than 9 rooms, different policies and additional supplements may apply.

Cards accepted at this hotel Hilton Warsaw Hotel accepts these cards and reserves the right to temporarily hold an amount prior to arrival. What kind of breakfast is served at Hilton Warsaw Hotel? Breakfast option s include: Buffet. Does Hilton Warsaw Hotel have a pool? What are the check-in and check-out times at Hilton Warsaw Hotel?

Investment hilton warsaw budner pooled investment vehicle custody mediation

Hilton Warsaw mice destination video

Pets Pets are allowed on. King Deluxe Business Room 1. Executive Panoramic Suite 1 king. Cards accepted at this hotel Hilton Warsaw Hotel accepts these cards and reserves the right to temporarily hold an amount prior to arrival. Lunch and dinner details Meal. Most popular facilities 1 swimming. They won't go away until neighborhoods in Warsaw. Internet WiFi is available in Hilton Warsaw Hotel from the. What kind of breakfast is stay at Hilton Warsaw Hotel. How do I get to your booking confirmation email to additional supplements may apply.

Our focus is multifamily (multi-dwelling) houses constructed in Warsaw and in the Budner Sp. z o.o. Group is composed of two investment and development. The project was supposed to be overtaken from Budner Investment. Let us recall Flora prepares flats in Warsaw Flora prepares flats in Warsaw. Iliard supervises construction of Hilton in Balice Hampton by Hilton Warsaw City Centre. Category: New Hotel of the Year, CEE Category Sponsor Investor of the Year, CEE. MLP wieksze.