Finance Press Release

Finance Press Release

Finance Press Releases

How to reduce costs of leasing office space

How to reduce costs of leasing office space

Finance Press Release Finance Press Release 01.12.2022 12:07
The growing costs of maintaining office properties mean higher service charges and rental rates for tenants. New office supply remains at its lowest level in a decade, and the prospects for new projects are modest. Developers' plans are effectively cooled down by high and unstable construction costs and high financing costs. However, the demand for attractive office space is very high. Employers, wanting to motivate teams to return to office, arrange increasingly interesting and friendly workspaces. Demand on the Warsaw office market is already at a record level from before the pandemic. These are briefly the main factors indicated by Avison Young that shape the current image of the office market in Poland and will have an impact on the situation in the sector in the near future. Higher lease costs The first months of 2023 will bring squaring accounts of this year's service charges. Next year’s operating costs will be calculated, followed by indexation of rental rates at the level of ca. 9%. Tenants must take into account the increase in costs, both in terms of contracting new space and renegotiating existing contracts. Higher rental rates, which are already visible in Warsaw, will be accompanied by increase in service charge by 30% or even 50%. According to Avison Young, building owners can, however, influence their amount to some extent, by optimizing maintenance costs. In turn, companies can look at whether there is a plan to reduce maintenance fees in the building where they decide to locate their office. They can analyze the landlord's ideas for reducing services’ prices that make up operating costs. - This is a very important issue, for both owners and tenants, in the context of economic changes we are facing. Both parties should openly communicate on this issue, in order to be aware and convinced that all the expenses are economically justified – comments Maksymilian Sobczak, Associate Director, Office Agency at Avison Young. Energy costs - how to fight them? Energy is a significant part of operating costs, which is why energy-saving solutions that help reduce costs are now particularly appreciated. – The tenant can find out in a conversation with the landlord or their agent, what energy efficiency initiatives are planned, what benefits they will bring in the future and how much more efficiently they will manage energy consumption – suggests Maksymilian Sobczak. Increase in energy prices can be largely offset by reducing its consumption. It can be brought by, for example, the use of LED lighting and infrared motion sensors (PIR) in office buildings. When tenants are less active, the level of efficiency of air handling units and air conditioning devices is automatically lowered. These seemingly small changes can bring very satisfactory results. Consolidation of contracts and services Both owners and tenants can also benefit from the analysis of contracts that were probably concluded with utilities and service providers separately, at different times. It is worth checking regularly that all service costs reflect value for money. Avison Young points out that the consolidation of service providers through Facility Management has recently brought savings to building owners, but so far, only few have taken advantage of this option. If it is possible to consolidate many services with one supplier, the negotiated cost may be more attractive, and the resulting savings may be significant. In addition, there are fewer contracts signed, and better-matched KPIs also save time and costs for the landlord and the tenant. What about marketing costs? The amount of service charge also includes costs related to real estate marketing. In office buildings, these expenses are currently mainly used to attract employees to return to their offices. Also various types of events or activities, organized in an office building can contribute to this, while influencing well the positioning the building and its location. - Although tenants may benefit directly from such initiatives, it is worth checking how big impact marketing activities or initiated events have on the productivity of individual companies. From the landlord's point of view, it is good to ensure a high level of tenant satisfaction, because the costs of replacing the tenant are relatively high – says Maksymilian Sobczak. Evaluate actual needs versus expenses Staff costs are also rising due to inflation and salary adjustment, as well as low unemployment rates. In the case of office buildings, these increases translate into a raise in fees for maintaining the reception and security, or concierge and people involved in ongoing service in the building. It is worth checking whether the level of employment in the facility does not exceed the real demand necessary to maintain the appropriate quality of service, as well as health and safety standards. Delayed renovations and new needs The amount of service charge is also related to construction works, including repairs and modernization of external elements of buildings or common areas in office buildings, which have been frozen due to the pandemic to keep costs low. Avison Young is currently observing a significant increase in the dynamics of this type of activity. Which is additionally driven by another factor: energy crisis and environmental guidelines force the search for more energy-saving and ecological solutions. In addition, the need to attract tenants, and in the case of tenants - employees, resulted in demand for modern, mixed-use office spaces, offering a wide range of services for clients. This pressure has forced landlords to implement renovation plans that are larger than those assumed beforehand. The amount of expenses and their effectiveness Avison Young encourages to analyze planned expenses and their effectiveness. It is worth taking a step back and considering whether the action is fully justified and the potential profit is not higher than the outlays. For example, placing solar panels on the roof can, of course, bring a profit, but the amount depends on many factors and the total cost of implementing such a solution. Agreeing on and implementing a new energy policy on lowering thermostats by 1 degree, can significantly reduce energy consumption, even more than solar panels, without the additional expense or carbon footprint. Tenants should not accept all renovation costs just because they have already been approved by the building owner. This also applies to ecological initiatives, the benefits of which should exceed the costs of carbon dioxide emissions, and the financial outlays should bring real profits. - With service charges rising, it is more important than ever to have a solid justification for expenses. The costs of utilities and personnel have increased significantly, so the situation will affect the entire market - comments Maksymilian Sobczak. It is important to talk about costs and find mutually beneficial solutions. -We know the discussions will not be easy. Therefore, when we are asked about the forecasts for the office sector and how we see our role, we realize that we have a lot of work ahead to support our clients with knowledge and experience in these struggles - sums up Maksymilian Sobczak.
The playtest for Brewpub Simulator is starting now! Download the game and fill in the survey

The playtest for Brewpub Simulator is starting now! Download the game and fill in the survey

Finance Press Release Finance Press Release 30.11.2022 23:16
  30 November 2022 – Ready to brew your first beer? Movie Games and Star Drifters are opening a playtest for Brewpub Simulator now! Download the game on Steam, play, and fill in the survey.  DOWNLOAD FROM STEAM   Help us improve the full game before its release! Join the playtest and when you're done, fill in the survey. Tell us what you like, and what you think should be changed or improved. If you haven't signed up yet, nothing is lost! You can still request access on the Brewpub Simulator Steam page.  FILL IN THE SURVEY   What is Brewpub Simulator?Quit your day job, open a bar! Brew lagers, stouts and IPAs, and serve patrons at your own brewpub. Decorate the place, create your own brands of beer, and expand into the best joint in town. All of this in a relaxing simulator that values creativity and passion for crafting.     Download the playtest on the Steam Page and fill in the survey when you're done. DOWNLOAD FROM STEAM  Brewpub Simulator is planned to release on PC in 2023. For more information follow our Steam and social media. Features: Brew your dream beer! Discover new recipes, buy ingredients and unlock more advanced equipment Unlock new furniture and decorations and customise your pub Earn reputation, attract new customers and keep your returning patrons satisfied Master each step of a realistic process of brewing craft beers Play multiple minigames, including pouring beer, changing kegs, mixing ingredients, bottling beer, and more Manage your business, hire employees and keep your pub fully stocked Take on daily missions to earn more money and experience What is more, check out GASP, Games at Special Prices, Movie Games custom sale. It's a joint indie event where a couple of studios band together with us to offer you cool offers, demos, prologues, and more. The sale starts at 7:00PM CET / 6:00PM GMT / 10:00AM PST.
International investors continue to look to Poland

International investors continue to look to Poland

Finance Press Release Finance Press Release 29.11.2022 14:14
Agata Karolina Lasota, managing director of LBC Invest Polish investment market with good prospects for the future In the second half of this year, the investment market in Poland was again dominated by transactions involving assets from the warehouse sector. Most of the value of the transaction volume in Q3 2022 was accounted for by investments in real estate from this segment. Half of the logistics facilities transacted are located outside the main logistics hubs. In the last quarter, only around 30 per cent of invested capital went to office assets, which investors mainly bet on in the first half of the year. Investment activity is also slowly moving towards the PRS sector. There are not yet many transactions being finalised in the rental housing market, but there are numerous negotiations underway, which have picked up strongly following the cut-off of retail customers from mortgages. By mid-November, only four transactions had taken place in this sector. Third quarter better than second quarter Market data show that after three quarters of 2022, the value of transactions in the investment market in Poland reached €4.3 billion, with the third quarter closing slightly higher than the second quarter of this year. However, it should be noted that this included transactions that were supposed to close in 2021, but their completion was postponed until this year. Examples include the purchase of Warsaw's Generation Park Y high-rise building, or the sale of three office buildings in local markets, including Carbon Tower in WrocÅ‚aw and Ocean Office Park A and Tischner Office in Kraków. The capital invested in the commercial real estate market in Poland comes mainly from the US, but also from the Czech Republic, Germany, Sweden, and the UK. Investors present in the Polish market are again turning their attention towards warehouse properties, which last year were the most frequently selected assets. The investment market is also moving increasingly towards residential projects and everything indicates that in the coming months, properties from these two sectors will be the most preferred by investors. Capital's interest in larger retail facilities, which are performing well in the market, is also evident. One example is the purchase of a retail park in Andrychów by the Israeli company Big Shopping Centres for €40 million. One of the largest transactions in this area was also the sale by EPP to the AFI Europe fund of a 70% stake in the Towarowa 22 development. The investment parcel of 6.5 hectares in the heart of Warsaw's Wola district, where the complex is to be developed, was acquired for EUR 180 million. Echo Investment is planning to build a mixed-used project with office and residential functions in this location, with a city park as its focal point. Waiting for change The autumn, on the other hand, has brought considerable changes in terms of the approach to investment, not only in our country but also across Europe. Most equity players have adopted a strategic “wait and see” attitude, which is reflected in lower transaction activity and prolonged decision-making processes. Geopolitical factors, further changes in the global logistics market, a sharp slowdown in economic indicators in many countries, the spectre of an energy crisis, rising costs of debt financing and investment construction, or the ever-increasing inflation, have made market developments highly unpredictable. The slowdown in the global economy and the general climate are increasingly less conducive to investing. However, the apparent sentiment has not yet been reflected in the acquisitions registered in the European market, where interest in assets from the logistics sector also increased in the first half of this year compared to last year. In the first three quarters of 2022, Western European countries recorded only a 10 per cent year-on-year decrease in the value of concluded transactions. Performance in the third quarter of this year alone, outside of the UK, remained strong despite interest rates rises in the main European investment markets. Polish offer better than western markets However, ongoing macroeconomic changes are making investors increasingly sceptical. Despite the increase in expenditurs associated with the maintenance of real estate, the markets of Central and Eastern Europe still provide lower costs compared to Western Europe. The condition of the warehouse sector in Poland is very good. Our country accounts for 30 per cent of new warehouses being built in Europe, and in terms of demand for space, we rank third, after the UK and Germany. Poland and other countries in the CEE region are also preferred locations for offshoring production and services. In addition, we offer investors a large internal market. Moreover, the demand-supply ratio of available warehouse space supports the further growth of rental rates, which have already gone up by around 15-20 per cent. This means better rates of return, which are already difficult to count on in western markets. A decompression of yields is evident in these markets. The process of revising valuations in our market in the warehouse sector has also already begun. The most attractive industrial-logistics facilities located near Warsaw are valued at 4.75 per cent, and in regional cities at an average of 5.15 per cent. In the case of retail parks, there has also been a slight adjustment of yields. Awaiting investment opportunities Investors are primarily interested in large-scale logistics facilities, urban warehouses, and flats for rent in Poland's largest cities. Smaller, local retail facilities and modern office buildings located in central business zones in the country's major centres are also being considered. In November this year, the Czech fund Investika and Luxembourg-based Bud Holdings finalised the purchase of the Łużycka Office Park complex in Gdynia, consisting of five Class A office buildings with a total floorage area of 27,200 sqm. The neighbouring Tensor Office Park complex was also purchased in May this year. According to surveys, Gdynia is not only one of the most desirable cities to live in Poland, but also one of the most attractive regions for investors. It has huge potential compared to Polish and European agglomerations. Among others, funds from East Asia and investors from the regions of West and South Africa are interested in the Pomerania area. However, it is difficult to determine appropriate capitalisation rates given the amount of rental income and the level of annual increase in the cost of services. There is an apparent mismatch in the market between the expectations of buyers and sellers. Meanwhile, economic indicators in Europe clearly point to a downturn and the spectre of an impending recession. In Poland, the effects of the changing economic outlook are already being felt. However, given the still large volume of capital held by investors who are interested in our market, one can predict that the optimisation of valuations will provide a sufficient incentive to take advantage of investment opportunities.  
Last Chance to Secure Your Early Bird Pass for iFX EXPO Dubai 2023

Last Chance to Secure Your Early Bird Pass for iFX EXPO Dubai 2023

Finance Press Release Finance Press Release 28.11.2022 10:59
iFX EXPO Dubai 2023: Join the next most anticipated fintech event The fintech world is getting ready for the next iFX EXPO Dubai edition that will take place 16-18 January 2023 at Dubai World Trade Centre. With booths and sponsorships booked in a record time, this show is expected to be the largest iFX EXPO event ever held in the MENA region. iFX EXPO Dubai 2023 will host 40% more exhibitors than the previous Dubai edition and will welcome around 3500 attendees from all over the world. During more than 10 years of its illustrious history, iFX EXPO has brought together more than 2000 exhibitors and over 50 000 attendees from across the globe. The show has gained remarkable traction as an indisputable event benchmark for business networking and collaboration, distinguishing itself as a must-attend expo for industry players seeking growth opportunities in the financial and fintech space and willing to keep abreast of the most ambitious developments spearheading the future of fintech. What to expect The industry has shown an unprecedented interest in the show, having started to book sponsorship and booth slots long in advance. Exness tops the list of proud exhibitors and sponsors as the Official Global Partner, followed by industry giants such as ZuluTrade, MultiBank Group, B2Broker, ADSS, OneZero, and many others. The full list of iFX EXPO Dubai 2023 exhibitors and sponsors can be viewed on the official website. During 2+ days of the expo, the industry professionals will meet with clients and colleagues from 120+ leading brands, discover new business opportunities, engage in insightful content from 100+ industry experts and discuss business in a casual setting at the iFX EXPO legendary parties. iFX EXPO is the ultimate destination for the fintech industry and a perfect platform for global business collaboration that brings together industry leaders from all over the financial and fintech space: · Technology & Service Providers · Digital Assets & Blockchain · Retail & Institutional Brokers · Payments, Banks & Liquidity Providers · Affiliates & IBs · Regulation & Compliance What past exhibitors had to say about iFX EXPO “It’s an incredible opportunity to meet amazing professionals from the industry, as well as engage in business with companies that are truly looking for solutions.” Harel Falk – VP Sales & Business Development, Solitics “The show provides an invaluable opportunity for us to meet potential and existing clients, get new business opportunities, learn about new products and trends, meet business partners, and showcase all our latest products.” Arthur Azizov, CEO of B2Broker “For us, one of the best things about events like iFX EXPO is the chance to get up close and personal with industry professionals and gain new and meaningful face-to-face connections with new and existing clients from around the world.” Exclusive Capital Register Now to secure your Early Bird Pass Take advantage of the Limited Time Offer and get your Early Bird Pass for iFX EXPO Dubai 2023. Register now to get access to 2+ days of unlimited networking, admission to Speaker Hall and Idea Hub, access to Sponsored Food & Beverages and Business Lounge Areas, as well as to exclusive networking parties. Don’t miss out, join the event that sets trends and shapes the future of the fintech industry!
Intermodal transport for turbulent times

Intermodal transport for turbulent times

Finance Press Release Finance Press Release 24.11.2022 15:18
Europe and Poland are switching to intermodal transport The unforeseen and sudden events in the world in recent years, resulted in safety becoming a key aspect in business. In this context, more and more is being talked about the intermodal transport, which still has a huge development potential in Poland. It is a type of transport that creates modern chains connecting several types of transport into one system, ensuring greater predictability and regularity of shipping, than road transport alone. Using mainly railways and waterways, it is also more environmentally friendly than road freight. - The development of intermodal transport stems from the security it gives companies in the current, difficult time for business. It is the best logistics solution in the economic downturn, when peace of mind is more important than ever. The development of this type of shipping is closely related to the railway. The network of reloading terminals is constantly developing in Poland. More and more entities are interested in expanding the infrastructure for this form of transport. More than 20 companies are already involved in the implementation of intermodal rail transport in our country. We are currently looking for parcels with railway sidings for several clients. It should also be noted that this type of transport is very prospective in the context of EU directives, due to lower emissions than road transport - says BartÅ‚omiej Zagrodnik, Managing Partner, CEO at Walter Herz. Less emissions, more subsidies The intermodal business will grow faster in the near future, increasing the share of rail transport, due to the European Union policy and the global trend of reducing CO2. The EU plans to minimize the effects of the development of road transport, such as air pollution, road damage, noise and safety risks. The goal is to reduce greenhouse gas emissions from transport by 60 per cent by 2050. They want to achieve it by transferring 30 per cent of transport over a distance of over 300 km from roads to lower-emission means of transport, and reducing road transport by 50 per cent by 2050. The difficulty with intermodal transport in our country is the low density and uneven distribution of intermodal terminals, where transshipment to another means of transport takes place. According to Statistics Poland, in 2021 in Poland we had 39 active terminals where container units were reloaded between two different means of transport. Including 4 sea terminals, handling sea-rail, sea-road shipments and 35 land terminals, which are constantly growing. In June 2022, Laude Smart Intermodal opened its largest domestic terminal in Zamosc, which will be used to receive cargo from Ukraine. However, as much as 75 per cent of goods transported over 300 km in Poland are still transported via trucks. Meanwhile, in the EU in 2020, long-distance road transport of containers amounted to the average of only 40.5 per cent total road transport of cargo containers. Great potential for development of the industry The potential of intermodal transport in Poland is slowly, but regularly growing. According to Statistics Poland, in 2021, a total of over 82 million tons of containerized cargo was handled in intermodal terminals in Poland, which means a several percent increase compared to the previous year. Most cargo was transported by sea. Last year, intermodal rail transport shipped 26.5 million tons of cargo in Poland. 23 companies provided intermodal rail transport. Poland has the right conditions for the development of container transport. Mainly, due to high density of the railway network and the convenient location of our country at the intersection of international transport routes. This is particularly important in the perspective of increasing the scale of transport from the Asian market. While in 2011, goods were transported between China and Europe by several trains, in 2018 there were over 6 thousand of them. Over 80 per cent of cargo on the Asia - Europe route passes through Poland. The problem, however, is the low capacity on our eastern border and the current speed of Polish rail transport. – Intermodal transport works great in the European traffic. The pace of changes in the global economy in recent years has made everybody pay more attention to transporting wisely in terms of time and costs. And this, among others, gave room for the development of intermodal transport. The network of intermodal connections that we have created is based on the concept of building a regular network of daily rail connections, enabling the transport of containerized cargo over a long section of the route and correlated with it by road from/to the place of shipment or destination. The network of connections has the advantage of providing access to this method of transport, both for large regular cargo sequences and for single container shipments. Our intermodal trains run on schedules and take containers just like passenger trains take travelers. Terminals connected in a network of regular connections are sort of transfer stops that enable optimization of the process - explains Monika Konsor-FÄ…ferek, Marketing and Development Director at PCC Intermodal SA. – Today, the cost of transport is measured in a broad aspect, also taking into account the impact on the environment. Intermodal transport allows to reduce carbon footprint. Trains, as an environmentally friendly means of transport, ship containers over long distances, e.g. between Gliwice and Antwerp (almost1200 km), and on the last part of the route (50-100 km), cargo is delivered to the door by car. Delivery planning based on a terminal located close to the production plant is easier and enables adjustment of logistics in sudden and surprising situations - adds Monika Konsor-FÄ…ferek. Faster growth in Europe than in Poland Intermodal transport also allows to more efficiently overcome the challenges faced by road transport, such as the lack of drivers or an increase in salaries. Market analysis shows that standard vertical handling technologies in the case of container transport become competitive compared to road-only transport over a distance of about 1000 km. Looking from the perspective of environmental efficiency, most intermodal transport chains transported over a distance of 600 km already have lower external costs. An obstacle to the development of this type of services in Poland is still the low unification of semi-trailers used for intermodal transport. There is an insufficient number of those that can be used, both in road and rail transport. In addition, it is difficult to count on government programs supporting the competitiveness of railways in our country, which the intermodal business enjoys, for example in Germany. The intermodal industry in Europe is growing faster than in Poland. In 2021, combined transport saw a record high annual result in terms of the amount of transported cargo. The New Silk Road Asia-Europe railway also broke a record in this regard. Building new supply chains According to many analyses, transshipment capacity in the EU will not be sufficient to meet demand by 2030. The availability of terminals throughout the trans-European transport network requires investment. Most modernizations are needed in Spain, France and Italy. Many sections of the TEN-T network need structural upgrades, in order to enable the transport of semi-trailers by train. According to estimates, investments of around EUR 7.7 billion are required to remove network constraints. The conflict in Ukraine revealed the strategic importance of railways, as road routes were disrupted and Ukrainian ports were blocked. It turned out that the railway is irreplaceable for transport over long distances. If, with the EU funds, new terminals were launched and existing ones expanded, which would create new logistic chains after the end of the war, we would be able to think about using railway routes from East to West Europe on a large scale. ________________________________________________________________________ About Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors. Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. The agency introduced the Code of Good Practice to ensure the highest ethical level of services.
Walter Herz’s Tenant Academy returns with on-site training

Walter Herz’s Tenant Academy returns with on-site training

Finance Press Release Finance Press Release 23.11.2022 20:05
Walter Herz company, a leader in the commercial real estate market, is organizing another event as part of its proprietary project - Tenant Academy. This is the 6th edition of Walter Herz’s Tenant Academy, which so far had over 40 meetings held on-site and webinars. This year, the first on-site event will be organized in Cracow. The meeting is devoted to the Cracow office market and ways to create attractive workspace for employees in the current, demanding business environment. The event will take place on November 29th, 2022, in Fabryczna Office Park complex located at 18 Aleja Pokoju Street in the center of Cracow. The Academy will be hosted by the representatives of Walter Herz, Reesco, and Nowy Styl, and representatives of Cracow business scene from Mercator Medical and zooplus will take part in the discussion panel. Participants can expect a solid dose of practical knowledge about new trends in design of office spaces. The meeting will include a premiere of report summarizing the current situation on the office market in Cracow with, among others, scheduled office projects in Cracow. After the training, participants will be able to take part in networking and exchanging views. - This event is extremely important to us, because it will be the first Tenant Academy held on-site after a long break caused by the pandemic. The idea behind our project is business meetings organized live, which enable participants to have a direct dialogue, we are now coming back to - says Emilia Legierska, Transaction Director at Walter Herz. – The meeting will be moderated by Walter Herz office market experts, while presentation as well as in the discussion panel will be mainly hosted by practitioners from Reesco (fit - out) and Nowy Styl (office furniture) who will present the latest case study and current workspace interior design projects and raise issues related to construction costs and project management. While business representatives will talk about the process of changing the office and share their experience and recommendations. In this difficult time for business, we would especially like to support companies with our knowledge and experience, because we see how much they need proper preparation for the ongoing economic changes - says Kamil Kowalewski from Walter Herz. During the training, the speakers will share their knowledge about the current situation on the Cracow office market, projects implemented in this sector and investments prepared for construction in Cracow. They will give advice on how to negotiate the terms of lease contracts and how to deal with the rising costs of renting and fitting out offices. They will talk about the main factors currently determining the choice of location, and will also indicate the latest trends in design and organization of workplaces. Walter Herz encourages representatives of companies, not only from Cracow, but the whole country, to participate in the Tenant Academy. As well as tenants and people interested in issues related to the process of leasing office space and its design, as well as directions of development of the office market in Poland. The training will take place in one of the most interesting office locations in Cracow. In one of the buildings of Fabryczna Office Park complex, where prestigious offices with a view of the mountains and the Wawel Castle, located on the 9th floor, will be made available by the leading flexible space operator on the Polish market - LOFTMILL. About Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors. Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. The agency introduced the Code of Good Practice to ensure the highest ethical level of services.
🔥 The VIX Daily RSI Hit Oversold For The First Time Since 2004

On Tuesday, the S&P 500 regained the key level of 4,000 as it climbed 53 points (+1.36%) to 4003, its highest level in 2-1/2 months. - Market update by InterTrader - November 23rd, 2022

Finance Press Release Finance Press Release 23.11.2022 10:47
MARKET WRAP: STOCKS, BONDS, COMMODITIES           On Tuesday, the S&P 500 regained the key level of 4,000 as it climbed 53 points (+1.36%) to 4003, its highest level in 2-1/2 months. The Dow Jones Industrial Average rose 397 points (+1.18%) to 34,098, and the Nasdaq 100 gained 171 points (+1.48%) to 11,724.While investors awaited Wednesday's release of minutes of the Federal Reserve's November meeting, the U.S. 10-year Treasury yield retreated 6.7 basis points to 3.760%.Semiconductors (+3.34%), energy (+3.18%), and consumer durables & apparel (+2.26%) sectors were market leaders.Best Buy (BBY) surged 12.78%, as the consumer electronics retailer raised its full-year comparable sales guidance.Agilent Technologies (A) jumped 8.07%, after the life science company posted better-than-expected quarterly earnings and raised its full-year earnings guidance.Dell Technologies (DELL) climbed 6.77% and Urban Outfitters (URBN) advanced 8.89%, as both companies' quarterly results exceeded expectations.On the other hand, Dollar Tree (DLTR) plunged 7.79% after the discount store chain said it now expects full-year earnings at the lower end of its target range.Zoom Video Communications (ZM) fell 3.87%, and Medtronic (MDT) dropped 5.30%, as both companies gave down-beat business outlook.Regarding U.S. economic data, the Richmond Fed manufacturing index posted at -9 for November (vs +5 expected).European stocks also closed higher. The DAX 40 rose 0.29%, the CAC 40 gained 0.35%, and the FTSE 100 was up 1.03%.Oil prices were boosted by Saudi Arabia saying that OPEC+ was sticking with output cuts. U.S. WTI crude futures gained $1.10 to $81.14 a barrel.Gold price added $2 to $1,740 an ounce.           MARKET WRAP: FOREX           The U.S. dollar index softened against other major currencies. The dollar index fell back to 107.16.EUR/USD rose 60 pips to 1.0302. The Eurozone's official consumer confidence index posted at -23.9 for November (vs -26.8 expected).USD/JPY dropped 96 pips to 141.18.GBP/USD gained 66 pips to 1.1889.AUD/USD increased 41 pips to 0.6646. This morning, the S&P Global Australia manufacturing purchasing managers index fell to 51.5 in November.NZD/USD rebounded 53 pips to 0.6153. Later today, New Zealand's central bank is expected to raise its key interest rate by 75 basis points to 4.25%.USD/CHF slid 65 pips to 0.9520.USD/CAD declined 77 pips to 1.3371. Canada's retail sales declined 0.5% on month in September (as expected).Bitcoin rebounded 3% to $16,100.           MORNING TRADING           In Asian trading hours, NZD/USD traded higher to 0.6178. New Zealand's central bank increased its key interest rate by a record 75 basis points to 4.25%, and signaled further tightening going forward.EUR/USD traded higher to 1.0317, GBP/USD was stable at 1.1884, and AUD/USD was little changed at 0.6644.USD/JPY edged higher to 141.32.Gold price was flat at $1,740 an ounce.Bitcoin advanced a further 1% to $16,450.           EXPECTED TODAY           November S&P Global manufacturing purchasing managers index will be announced for the Eurozone (45.7 expected), Germany (45.4 expected), France (46.8 expected), the U.K. (45.6 expected) and the U.S. (50.1 expected).In the U.S., durable goods orders are expected to grew 0.3% on month in October. The latest number of initial jobless claims is expected to rise to 228,000.The number of U.S. new home sales is expected to fall to an annualized rate of 580,000 units in October.U.S. crude-oil stockpiles are expected to decline 1.055 million barrels last week.           UK MARKET NEWS           United Utilities Group, a water and wastewater services company, reported first-half results: "Revenue was down 13 million pounds, at 919 million pounds, largely reflecting lower consumption more than offsetting the allowed regulatory revenue increase. (...) Operating profit at 259 million pounds was 74 million pounds lower than the first half of last year, (...) Reported basic earnings per share increased from (31.7) pence to 51.8 pence. (...) The Board has proposed an interim dividend of 15.17 pence per ordinary share in respect of the six months ended 30 September 2022. This is an increase of 4.6 per cent compared with the interim dividend relating to last year."Oil & Gas, basic resources and auto & parts shares fell most in London on Monday.From a relative strength vs FTSE 100 point of view, BP (+6.52% to 488p) crossed above its 50-day moving average.From a relative strength vs FTSE 100 point of view, Croda International (-1.07% to 6828p) crossed under its 50-day moving average.From a technical point of view, BAE Systems (+2.07% to 798.2p), BP (+6.52% to 488p) crossed above their 50-day moving average.           ECONOMIC CALENDAR           Time Event Forecast Importance   04:30 S&P Global/CIPS Manufacturing PMI Flash (Nov) 45.6 MEDIUM     04:30 S&P Global/CIPS UK Services PMI Flash (Nov) 47.6 MEDIUM     08:00 Building Permits Final (Oct) 1.526M MEDIUM     08:30 Durable Goods Orders MoM (Oct) 0.3% HIGH     08:30 Initial Jobless Claims (19/Nov) 228k MEDIUM     08:30 Durable Goods Orders Ex Transp MoM (Oct) 0.1% MEDIUM     09:45 S&P Global Manufacturing PMI Flash (Nov) 50.1 MEDIUM     09:45 S&P Global Services PMI Flash (Nov) 49.3 MEDIUM     09:45 S&P Global Composite PMI Flash (Nov) 49.5 MEDIUM     10:00 New Home Sales (Oct) 580k HIGH     10:00 Michigan Consumer Sentiment Final (Nov) 54.7 MEDIUM     10:30 EIA Gasoline Stocks Change (18/Nov) 383k MEDIUM     10:30 EIA Crude Oil Stocks Change (18/Nov) -1.055M MEDIUM     13:00 Baker Hughes Total Rig Count (25/Nov)   HIGH     14:00 BoE Pill Speech   MEDIUM     14:00 FOMC Minutes   HIGH
The world-leading Blockchain Expo series will arrive at the London Olympia on the 1-2 December 2022!

The world-leading Blockchain Expo series will arrive at the London Olympia on the 1-2 December 2022!

Finance Press Release Finance Press Release 22.11.2022 19:27
The world-leading Blockchain Expo series will arrive at the London Olympia on the 1-2 December 2022 to host its sixth annual Global event. It will bring together key industries from across the globe for two days of top-level content and discussion across 6 co-located events with IoT (Co-Locating 5G), AI & Big Data, Cyber Security & Cloud, Edge Computing and Digital Transformation Week. 6,000 attendees are expected to congregate for the event including CTOs, Heads of Innovation and Technology, IT Directors, Developers, Start-Ups, OEMs, Government, Automotive, Operators, Technology Providers, Investors, VCs and many more. The Blockchain Expo will showcase the most cutting-edge technologies from more than 200 exhibitors and provide insight from over 250 speakers sharing their unparalleled industry knowledge and real-life experiences. The Blockchain conference agenda will present a series of expert keynotes, interactive panel discussions and solution-based case studies. All exploring the key industries that are set to be disrupted the most by this new technology, including; legal sectors, retail, financial services, healthcare, insurance, energy, music, government, real estate and more. With the speakers and panellists from the most influential names in the sector, including:  Johnson & Johnson  Shell  Mercedes Benz  Vodafone  Pepsico  Standard Chartered Bank  Lloyds Banking Group  Mastercard  Bank of America  Redlight Finance  Natwest Group  HSBC… and many more! Register now and listen to inspiring presentations, including: - Presentation: The bleeding edge of R&D in healthcare with a blockchain foundation - Presentation: NFTs for Sustainability - Panel: Building Better – Blockchain Technologies for more sustainable business - Panel: Implementing CDBCs globally – are we ready for CBDCs in the current landscape? - Presentation: Keys to unlocking metaverse business - Panel: The Absence of Regulation in the Digital Assets Landscape - Panel: The Metaverse - Presentation: The Internet of Value – the Next Stage for a Connected World - Presentation: Building DLT Asset Tokenisation Platform and many more! Event highlights include: +150 exhibitors +5000 attendees +100 speakers 5 co-located events In-person and virtual event Find out more
FXMAG.COM becomes a proud partner of the second edition of NFT Paris which will be held in February, 2023

FXMAG.COM becomes a proud partner of the second edition of NFT Paris which will be held in February, 2023

Finance Press Release Finance Press Release 16.11.2022 16:06
NFT Paris is an event company founded in 2022 by Côme Prost-Boucle and Alexandre Tsydenkov, who both graduated from X-HEC Entrepreneurs (the joint entrepreneurial degree of HEC Paris and Ecole Polytechnique). Get tickets with 15% discount The first edition, NFT Paris 2022 was the first major NFT event held in Europe, and had over 4,000 people on the waiting list for a total of 800 attendees. Among nations, France has positioned itself as a pioneer across the NFT scope, with early pure players becoming leaders in their industries. Internationally, the capital of the arts is recognized by all as the major epicenter of the artistic sector, luxury, fashion, and an infinite source of inspiration for all creators. GM @GrandPalaisRmn 🫡February 24-25, 2023 | Grand Palais Ephémère. pic.twitter.com/aPUOlEtHdv — NFT Paris (@nft_paris) July 1, 2022 The second edition, NFT Paris 2023 will be held in the Grand Palais Ephémère (close to the Eiffel Tower) on the 24th and 25th of February in Paris. The event will cover all things NFTs from Fashion, Art, Finance, Gaming , Music and Media, and more. This event allows NFT enthusiasts, collectors and entrepreneurs from all around the world to connect. NFT Paris 2023 will act as a discussion platform between NFT pure-players and the top executives of major pioneering brands that are committed to building the web3, such as LVMH, L’Oréal, Shopify, Warner Bros and Volkswagen. During the event, participants will be able to attend conferences with major NFT players and experts such as Greg Solano (founder of Yuga Labs, Bored Apes Yacht Club), Farokh (founder of RugRadio), Nicolas Julia (founder of Sorare), Yat Siu (founder of Animoca Brands), Sébastien Borget (founder of The Sandbox), Matt Medved (founder of NFT Now), or Punk6529 (founder of OM). First edition review  
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Cyberpunk: Edgerunners receives The Game Awards 2022 Nomination!

Finance Press Release Finance Press Release 15.11.2022 19:29
CD PROJEKT RED is proud to announce that the studio's first-ever anime series Cyberpunk: Edgerunners has been nominated in the "Best Adaptation" category for The Game Awards 2022.The annual awards ceremony, which celebrates outstanding achievements from across the gaming industry, will stream live on December 8th from Microsoft Theater in Los Angeles. The "Best Adaptation" category is focused on video game IPs that have been adapted to other mediums, such as television and film, and users can now vote for their favorite from a selection of five nominees, which includes Cyberpunk: Edgerunners. The Game Awards 2022 "Best Adaptation" — VOTE NOW     Created in collaboration between CD PROJEKT RED and the legendary Studio Trigger, Cyberpunk: Edgerunners was released on Netflix to widespread critical and fan acclaim in September 2022, quickly becoming one of the most popular shows on the streaming service. A mature coming-of-age story inspired by, and set in, the world of Cyberpunk 2077, the standalone 10-episode series follows the story of David Martinez — a street kid trying to survive in a technology and body modification-obsessed city of the future. Following a tragic personal loss, David chooses to take control of his own life and plunges himself into the deadly underworld of Night City, taking on work as an edgerunner — also known as a cyberpunk — with a crew of cyber-enhanced mercenaries. For more information on Cyberpunk: Edgerunners, sign up for the Edgerunners newsletter on the official website. Source: CD PROJEKT
Offices after indexation are up to 9 per cent more expensive

Offices after indexation are up to 9 per cent more expensive

Finance Press Release Finance Press Release 15.11.2022 12:45
High inflation is one of the factors that will have a huge impact on budgeting related to leasing office space by tenants in the near future. The first and second quarter of 2023 will be crucial for the office market - the indexation of rental rates may reach even 9%. In addition, an increase in operating costs is certain due to the update of utility rates and the new minimum wage rate. The unstable euro exchange rate is also a big challenge, and in most cases, the rent is converted from EUR to PLN. Considering the above, according to Avison Young, in some buildings maintenance costs may increase by over 50 per cent. In Warsaw, the range of prices for renting office space has never been so wide. In buildings offering the highest standard, located in the very center (CBD), base rental rates are twice as high as in the office buildings located further away from the center. In the most prestigious buildings in the city center, base rents reach EUR/28 sq m./month, and in SÅ‚użewiec, the once popular Warsaw business district, they oscillate between EUR 13.0 and EUR 15.0/sq m./month. The expected update of rental prices will have a significant impact planning expenses related to running a business. According to Avison Young, this may make some companies verify their budgets and turn to cheaper locations. Prices will be much higher. Moreover, there will be a supply gap on the office market. In Warsaw, it will be the most visible in 2023 and 2024. The recent period of turbulence and changes has limited the inflow of new investments. At the end of Q3 2022, only 160 thousand sq m. of space remained under construction on the Warsaw market, while in 2019 there were over 800 thousand sq m. of offices under construction. In 2023, according to Avison Young, Warsaw's resources will increase only by approx. 65 thousand sq m. of space. Some of the more interesting projects that are being prepared for construction include Drucianka Campus, The Form, The Vibe, Port Praski towers, the ‘new’ Atrium International, Towarowa 22. Demand for Warsaw offices remains at a record-high level. In 2021, almost 650 thousand sq m. of space was leased. Such high demand meant that the space available on the market in new office buildings was absorbed at the beginning of this year. Now, the offices in the capital are even more popular. From January to the end of September 2022, over 600 thousand sq m. has already been leased. Demand begins to exceed supply, and this affects landlords’ expectations concerning rent. According to Avison Young, the already insufficient number of large office units in centrally located A-class buildings forces tenants to extend lease agreements. In addition, small supply of new space in the upcoming months, prompts companies to take steps to secure space for the future. Tenants who decide to relocate often sign contracts for a longer period, up to 7 years, which allows them to reduce costs of arranging new workspace. High demand for space, generated by the return of employees to offices and an increase in rental rates and operating fees, which reduces the yields of real estate capitalization, motivates investors to enter into transactions in this sector. At the end of September 2022, the total office investment volume in Poland reached almost EUR 1.8 billion, thus exceeding the sector's full-year result from 2021. The office sector had the largest share in the pool of all investment transactions concluded in Poland at that time, which exceeded 40 per cent. Out of 21 office transactions in Q1-Q3 2022, 15 concerned regional office markets. Avison Young contributed to this result - the investment consulting team finalized the sale of the most recognizable office building in WrocÅ‚aw - Sky Tower. However, such a large volume was achieved mainly due to two spectacular Warsaw transactions. In addition to the largest transaction in history with a single office asset - the acquisition of The Warsaw Hub by Google for EUR 583 million - Warsaw market also saw the fourth largest transaction in history with a single office asset - Generation Park Y, located at the DaszyÅ„skiego roundabout, which was bought by Hansa Invest for over EUR 285 million euro. Avison Young points out that major institutional investors have narrowed down their investment criteria due to high financing costs and the need to take into account ESG aspects. The increase in construction costs in recent years, as well as the continuous increase in rents, has provided a huge competitive advantage and better yields for owners of existing properties, in relation to those under construction.
The Witcher 3: Wild Hunt Arrives on Next Gen this December

The Witcher 3: Wild Hunt Arrives on Next Gen this December

Finance Press Release Finance Press Release 15.11.2022 12:43
CD PROJEKT RED announced today that The Witcher 3: Wild Hunt - Complete Edition will release December 14th, 2022, on PlayStation 5, Xbox Series X|S, and PC.   Enhanced with the power of next-gen consoles and modern PC hardware in mind, the upcoming release of CD PROJEKT RED's award-winning role-playing game will feature dozens of visual, performance, and technical enhancements over the original. These include ray tracing support, faster loading times on consoles, as well as a variety of mods integrated into the experience, among many others. Along with new additional content inspired by The Witcher series from Netflix, these will be covered next week in a dedicated REDstreams event on Twitch, where the studio will present gameplay from the next-gen version of the game.The next-gen version of The Witcher 3: Wild Hunt - Complete Edition will be available for purchase digitally on PlayStation 5, Xbox Series X|S, and PC, featuring all free DLCs released to date, and both major expansions: Hearts of Stone & Blood and Wine. Moreover, a free next-gen update will be available for everyone who owns any release of the game for PlayStation 4, Xbox One, and PC. A physical edition will be released following the initial digital rollout, with a specific date to be announced at a later time.   In addition to the next-gen release, the PlayStation 4, Xbox One and Nintendo Switch versions of The Witcher 3: Wild Hunt will also receive an update featuring numerous additions and improvements, as well as the Netflix Witcher-themed additional content. Further details, including the release date, will be announced soon. For more information about The Witcher 3: Wild Hunt, visit the official website, as well as follow the game on Facebook and Twitter. Source: CD PROJEKT
Europe’s most influential blockchain &  crypto event returns to Barcelona

Europe’s most influential blockchain & crypto event returns to Barcelona

Finance Press Release Finance Press Release 14.11.2022 13:50
After 7 highly successful events, European Blockchain Convention 2023 is ready to be held again on 15-17 February at the 5-star hotel Hyatt Regency Barcelona. The event will welcome more than 3.000 attendees at what will be the largest edition since the event was launched in 2018. Bringing together startups, investors, developers, industry experts and global media, the event will once again be the annual meeting point of the industry in Europe. The three-day event will feature more than 200 exceptional industry experts across a variety of panels, keynotes, workshops, and fireside chats. Confirmed speakers include: Tim Grant, Head of EMEA, Galaxy Digital Stani Kulechov, Founder & CEO, AAVE Emma Lovett, Markets DLT, Executive Director, JPMorgan Chase Dotun Rominiyi, Director of emerging technology, London Stock Exchange Matteo Melani, NFT Engineering Manager, Meta Joshua Ashley Klayman, Head of Blockchain & Digital Assets, Linklaters Marc Schaumburg, Executive Producer, Sony Pictures Entertainment Teana Baker-Taylor, VP, Policy & Regulatory Strategy, UK/EU, Circle Matus Steis, Token Design Lead, Outlier Ventures Francisco Maroto, Blockchain Lead, BBVA Nadia Filali, Head of Blockchain Programs, Caisse des Depots Coty de Monteverde, Blockchain Center of Excellence Director, Banco Santander Emma Landriault, Blockchain & Digital Asset Product Lead, Scotiabank Laurent Marochini, Head of Innovation, Société Générale Securities Services Chia Jeng Yang, Investor, Pantera Capital Victoria Gago, the founder of European Blockchain Convention said, “After selling out tickets and sponsorships 2 weeks before EBC22, we are delighted to be back in the city for an even bigger and better event”. “EBC23 will be held across 3 stages with more than 100 sessions on institutional crypto adoption, crypto investing for institutions, DeFi, crypto derivatives, stablecoins, tokenization, issuance of digital assets, regulation, building web3, custody & wallets, metaverse & gaming, among others”, Victoria continued. ”EBC23 will have a 2.000 sqm exhibition area, where attendees will network with the biggest players in the space. After sundown, visitors will roll up their sleeves and network, accompanied by a DJ and some drinks”, Victoria remarked.   About European Blockchain Convention Renowned by many as the most influential blockchain event in Europe, European Blockchain Convention is the annual meeting point for entrepreneurs, investors, developers, corporates and global media in Europe. EBC was born in 2018 in Barcelona with the mission to inform, educate, and connect the global blockchain community. For more information on tickets or to get involved, visit https://eblockchainconvention.com/ Get your tickets with our special promo code FXMAG25 to unlock 25% off on all ticket types!
Avison Young is expanding Technical Advisory team in Poland. Monika Bereza joins the company.

Avison Young is expanding Technical Advisory team in Poland. Monika Bereza joins the company.

Finance Press Release Finance Press Release 14.11.2022 12:44
Monika Bereza joined Avison Young in Poland taking the role of Project Manager in Technical Advisory department. She is an engineer with unlimited building license for managing construction works in scope of mechanical and HVAC installations and a manager with an MBA title. Monika has almost 20 years of experience in managing various projects, with budgets ranging from several hundred thousand to several dozen million PLN. Before joining Avison Young, she worked - among other companies - at WaryÅ„ski S.A., Atlas Estates and Yareal. The greatest experience she gained in the office, residential and hotel sectors. Some properties she has worked on: EQlibrium II in Warsaw, Atlas Tower in Warsaw, Hotel Hilton in Warsaw, Hotel Grand’s casino in Łódź, Sadowa Business Park in GdaÅ„sk, multifamily residential projects in Warsaw at KonstanciÅ„ska 11A, LondyÅ„ska 5. Avison Young's Technical Advisory department consists of experienced market professionals, all with unlimited building licenses for managing construction works in all the branches. The team has recently delivered across Poland such services as technical due diligence, project monitoring, bank monitoring, as well as comprehensive technical advisory services for several PRS projects in Warsaw, on behalf of the investors. "Monika is joining in a very active period at our department - comments Tomasz Daniecki, Director, Head of Technical Advisory, Business Development - We have a lot of open projects, and some more in the pipeline. We are expanding the team to provide our clients with the highest quality of services and to maintain the current pace of work. I am glad that Monika is joining us, as she is a motivated person with extensive experience in the industry." Avison Young Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. Headquartered in Toronto, Canada, Avison Young is a collaborative firm owned and operated by its principals. In the Central Eastern Europe and South Eastern Europe the firm is operating in Bulgaria, Czech Republic, Hungary, Poland, Slovakia and Romania, offering a broad range of consultancy services. In the Polish commercial real estate market, Avison Young is providing professional consultancy services such as office agency, investment advisory, valuation consultancy, technical advisory and project management.
Hotel assets are more popular in Europe than in Poland

Hotel assets are more popular in Europe than in Poland

Finance Press Release Finance Press Release 09.11.2022 13:52
Investments in hotel real estate are slowly recovering The volume of investment transactions recorded in the hotel sector on European markets in the first half of 2022, reached similar level to the last year's. The UK remains the most active market, followed by France, Italy, Spain and Germany. Hotel assets in Western Europe enjoyed exceptional success before the pandemic. In 2019, the value of the transaction volume in this segment reached the highest annual level in history - EUR 27.1 billion (HNR Hotel News - European Hotel Transactions 2019 data). After a very good 2018, 2019 was a record year with a record high of 46 per cent increase in the value of transactions year on year. In the first half of 2022, despite a significant revival in travel demand, the value of transactions in the hotel segment in Western Europe remained at a similar level as the last year. Investors are hampered by the growing costs of financing and maintaining the facilities, as well as the limited number of properties offered for sale. Transactions in Europe This year, Crowne Plaza BlackFriars in London, Adagio Aparthotel in Edinburgh (transaction value £ 40.5m), among others, found new owners on the British market. Tristan bought a majority stake in Point A Hotels, and KSL bought Pig Hotels. In France, Pont Royal Paris hotel, Crowne Plaza hotel in Paris (EUR 100 million), Club Med. Alpe d'Huez hotel, Hotel Club Med hotel, Grand Massif Samoens Morllon hotel were subjects of transactions. In Switzerland, Hotel Schwanen located in Rappersiwil was the purchased for PLN 120 million. In Italy, Grand Hotel & La Pace hotel in Montecatini Terme (30 million euro), Majestic hotel in Rome, and NH Milano Palazzo hotel in Moscova have changed their owners. In Spain, Radisson Blu 1882 Hotel Barcelona (EUR 75 million), Hard Rock Hotel Madrid (EUR 65 million), Princesa Plaza Hotel in Madrid (EUR 175 million), 7Pines Resort Hotel in Ibiza (EUR 130 million) were purchased as well. Three hotels in Spain and the Netherlands were also acquired by Invesco Real Estate (EUR 100 million). In addition, as part of a portfolio transaction, Engel & Volkers Asset Management purchased two Seven Pines hotels in Ibiza and Sardinia and the Schloss Roxburghe hotel in Heiton, Scotland for approximately EUR 280 million. Moreover, Premier INN hotel in Dublin, InterContinental Estoril Hotel in Lisbon (EUR 22 million) and Motel One Antwerp Site in Antwerp, Belgium have changed their owners. - In Poland, since the purchase of the Regent Warsaw Hotel by PHN in February 2021, one of the few transactions was the purchase of the Hotel Metropolis Design hotel with 60 rooms located in Cracow at Wygoda street, which during this year's holidays was purchased by the Israeli chain Fattal Hotels from Metropolis SA - says Katarzyna Tencza, Associate Director Investment & Hospitality at Walter Herz. Investment brakes Walter Herz points out that the profitability of hotels in Poland is declining. - Inflation makes maintenance costs grow faster than the prices of hotel services. Hence, hotels are not assets that investors are looking for today. Investment operations are stifled by drastically rising costs, mainly of energy, gas and services. The industry is facing a serious increase in gas prices, the price of which has gone up by over 300 per cent and electricity, which went up by about 200 per cent in one year. Therefore, it is with great relief that the industry has adopted the maximum energy tariff recently introduced by the government, which is to apply from December, 2022. For three years, investors have had difficulties in obtaining financing for hotel investments from the banks. In addition, with the current interest rates, the cost of financing is very high - admits Katarzyna Tencza, Associate Director Investment & Hospitality at Walter Herz. - Increased interest in holiday locations translates into the prices of investment plots in popular resorts, which have gone up substantially. As much as 30 per cent over the last year. Few entities report a need for land for city hotels, but quite a large group of investors are looking for market opportunities - informs Katarzyna Tencza. - Increased activity in the hotel sector is directly related to the recently introduced facilitations in the implementation of PRS projects on land designated for retail and service. Investors planning to build apartments for rent are competing for plots with companies that operate on the hotel market – adds Katarzyna Tencza. New properties in Poland Although the number of hotel developments has significantly decreased over the last three years, new resort and city hotels are still entering the Polish market. Interestingly, the data from Statistics Poland shows that in 2021 the resources of the Polish market increased by over 8.5 thousand rooms. Almost twice as much as the average from recent years. Such a large increase in supply in the hotel sector has not been recorded since 2008. This is the effect of commissioning the facilities, the construction of which was delayed due to difficulties related to macroeconomic changes on the market. According to Walter Herz, there are over 2 800 categorized hotels in Poland, including 84 five-star hotels, which offer a total of over 222 thousand rooms. The number of hotel facilities in Poland is growing. Five-star hotels have been built in MiÄ™dzyzdroje, WisÅ‚a and Krynica Zdrój, which provide a standard that was lacking in these locations. A lot of new hotels have been opened in recent quarters, and the construction of more has been scheduled. Announced projects Radisson Hotel Group announces further expansion in Poland. This year alone, the Group opened Andersia Hotel & Spa PoznaÅ„ in PoznaÅ„ and Radisson RED GdaÅ„sk on Wyspa Spichrzów island in GdaÅ„sk. Over the next two years, the Group is planning to open 6 new hotels in Poland. One of the next facilities of this brand will be built, among others in Ustronie Morskie. Radisson Resort & Suites Ustronie Morskie, which will offer 187 apartments measuring up to 67 sq m. and 89 rooms is expected to open in 2025. Hotel GoÅ‚Ä™biewski in Pobierowo, located right by the sea, is also under construction, offering family rooms with an average size of 60 sq m. The opening of the complex has been postponed to the summer season. In Gdynia, near KoÅ›ciuszko Square, Allenortt Capital plans to build a four-star hotel. The construction is to begin in 2023. The hotel is to be completed in two years. In turn, a large hotel with 200 apartments is to be built in the spot of PoznaÅ„ tennis courts. ATENOR and Ennismore companies are planning on building TRIBE Warsaw Airport hotel in FORT 7 near Warsaw Chopin Airport. A new city hotel in Warsaw, the investor of which is Europlan company, will also appear under the Campanile brand. A new hotel facility will also be erected in BiaÅ‚obrzegi on the Pilica river. Construction works are to start this year. In PoznaÅ„, Radisson Hotel Group wants to open the first hotel in Poland under the Radisson Individuals brand - Andersia Hotel & Spa PoznaÅ„, which will offer 172 rooms. Moreover, recently B&B Hotels chain celebrated the opening of B&B PoznaÅ„ Old Town hotel located at Plac WolnoÅ›ci square, which is the largest facility of this brand in Poland. In addition, Rafin company won the tender for the reconstruction of the historic Hatzfeld Palace located at Wita Stwosza Street in WrocÅ‚aw. After the reconstruction, Marriott International hotel under Autograph Collection brand is to be built on this spot. Also, a five-star hotel called Altus Palace was opened this summer in the historic Leipziger Palace in WrocÅ‚aw. After a long break, the construction of the Hilton Garden Inn hotel in Radom has started. It is to be completed by the end of 2023. About Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors. Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. The agency introduced the Code of Good Practice to ensure the highest ethical level of services.
RoboForex - What is worth knowing about the broker? Details of offer

RoboForex - What is worth knowing about the broker? Details of offer

Finance Press Release Finance Press Release 02.11.2022 09:08
RoboForex is a broker with many years of experience in the industry and has received numerous awards for its activities. RoboForex offers CFDs on numerous asset groups. What are the details of this broker's offer? What are the opinions about the broker? About RoboForex RoboForex is a brokerage company with a market presence since 2009. It currently has over 1 million clients in 169 countries. The broker has many years of experience in the industry and received over 30 awards. In addition, it supports innovative sports projects and achievements. RoboForex is the official sponsor of both Andrei Kulebin - the world champion in Thai boxing and kickboxing. In 2022, it also became an Official sponsor of Club Cienciano. RoboForex offers CFDs on 8 asset groups, which include currencies, stocks, indices, ETFs, commodities, precious metals, energies and cryptocurrencies, and more than 3,000 real stocks. What regulatory authorities is RoboForex subject to? RoboForex Ltd is an international FSC-regulated broker operating under license number 000138/333. The license covers "trading in financial and commodity derivatives and other securities." The company is incorporated in Belize. RoboForex Ltd is an official member of the Financial Commission, an international organisation that settles disputes between participants and their clients. RoboForex is also a member of the Commission's Compensation Fund (a pool of money serving as an insurance policy for members' customers). Since 2018, RoboForex Ltd regularly undergoes an Order Execution Quality Audit on the Trade Verification Service (VMT), which provides an objective assessment of how brokers execute trades. Successful completion of this audit confirms that the company complies with the strict requirements that the Financial Commission expects from its members. Contact details of RoboForex RoboForex Ltd is registered in Belize at 2118 Guava Street, Belama Phase 1, Belize City, Belize. The company's registered office is at 9724 Ramiro Duran Street, Belize City, Belize. The company can be contacted by phone, chat, and through a contact form. Customer support is available 24/7. The broker is also present on social media - Facebook, Instagram, Twitter, and YouTube. RoboForex broker offer - Basic information The brokerage company offers CFDs on numerous assets: currencies, stocks, indices, ETFs, commodities, precious metals, energy commodities, and cryptocurrencies. The offer includes over 35 currency pairs, over 12,000 CFD instruments on stocks of listed companies (e.g. Apple, Twitter, Volkswagen, and many others), popular stock indices, 33 cryptocurrencies, over 20 precious metals (including gold, silver, palladium, platinum), over 100 commodities (including agricultural raw materials such as cocoa, soybean or corn) and energy resources such as Brent crude oil, WTI, and natural gas. Moreover, RoboForex clients have access to more than 3,000 Nasdaq and NYSE stocks in the R StocksTrader platform. RoboForex offers 5 types of accounts: Prime, ECN, R StocksTrader, ProCent, and Pro. They differ in the size of the minimum deposit, the amount of the spread, and the commission. The conditions for the individual accounts are presented in the table below: Trading platforms at RoboForex The broker offers access to the MT4, MT5, cTrader, R StockTrader platforms, and R WebTrader. MT4 is a classic Forex and CFD trading platform and is the most popular and easiest to use. MT5 is a more advanced version of the classic platform with a set of additional features. cTrader is a platform for professional traders that gives direct STP access to the global currency markets. R StockTrader is a next-generation online platform that enables you to trade the most advanced instruments, including ETFs. R WebTrader is the company's own platform and comes both in the form of a web terminal and a mobile application (MobileTrader). RoboForex - Promotions and bonuses with this Forex broker RoboForex offers a welcome bonus of $30 to all new clients. There is also a Profit Share bonus option, which can be up to 60% of the deposit amount on all RoboForex Standard and Cent accounts. In addition, you can get a Classic bonus of up to 120% on your first deposit and all subsequent deposits. Moreover, from July 2022 to April 2023, a promotion is running on the occasion of the 12th anniversary of RoboForex, giving the chance to win monthly prizes ranging from $1,000 to $20,000. Safe Forex Broker - Are there any warnings on the Internet about RoboForex? The broker has the appropriate licenses for carrying out its activities. Currently, there are no warnings online about RoboForex. Reviews of RoboForex - Is it worth trading with RoboForex? Leave your opinion or comment! There are numerous opinions and comments on the web about RoboForex, the vast majority of which are positive. On the website with reviews of various companies, https://www.trustpilot.com/review/, RoboForex received 3.6 stars out of 5 with 13 votes. 61% of voters chose the highest rating and 8% a good one. If you want to share your opinion about RoboForex, be sure to do so in the comment section below this material. This is a helpful reference source for people who are considering opening an account with this broker. None of the comments is deleted by the administration. Your comment can help or harm the brokerage company; it is, therefore, important that you try to formulate your opinions objectively. RoboForex - investor education. Does the broker provide educational materials? There is a dedicated section on the brokerage company's website that contains educational materials. There, you will find a daily analysis of the situation in the markets, an economic calendar, and a blog with articles about individual markets and the most important upcoming events. There is also a section with answers to the most frequently asked questions regarding the operation of the trading platforms, the deposit and withdrawal of funds, order execution, etc. How to create an account with RoboForex If you want to set up an account with this broker, please complete the contact form in which you must provide your basic data, e-mail address, and telephone number. Then follow the further instructions. There is an option to try out a demo account before deciding on real trading. How to deposit and withdraw funds Funds can be deposited and withdrawn via bank transfer, payment cards, and electronic payment processors such as Perfect Money, AdvCash, and AstroPay. Currently, the broker does not charge any commission for fund deposits, and commission withdrawals are available twice a month. INVESTMENT RISK WARNING CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 58.42% of retail investor accounts lose money when trading CFDs with this CFD provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
The Original Witcher Game Is Being Remade from the Ground Up!

The Original Witcher Game Is Being Remade from the Ground Up!

Finance Press Release Finance Press Release 26.10.2022 21:18
Coinciding with the 15th anniversary of the first Witcher game's release, CD PROJEKT RED has announced today that The Witcher Remake is currently in the works, and has also shared the first details regarding the project.   Previously referred to by the codename "Canis Majoris" during the studio's Strategy Update earlier in October, the remake will be a modern reimagining of 2007's The Witcher — the first game in CD PROJEKT RED's acclaimed RPG trilogy. The title will be built from the ground up using Unreal Engine 5 technology, and will use the toolset CDPR is creating for the new Witcher saga. The project is currently in the early stages of development at Fool's Theory — a game development studio specializing in role-playing games. The team employs numerous veteran developers who previously worked on The Witcher 2: Assassins of Kings and The Witcher 3: Wild Hunt, and CD PROJEKT RED is providing full creative supervision.     "The Witcher is where it all started for us, for CD PROJEKT RED. It was the first game we made, ever, and it was a big moment for us then. Going back to this place and remaking the game for the next generation of gamers to experience it feels just as big, if not bigger," said Adam Badowski, Head of Studio, CD PROJEKT RED. "Collaborating with Fool's Theory on the project is just as exciting, as some of the people there have been previously involved in The Witcher games. They know the source material well, they know how much gamers have been looking forward to seeing the remake happen, and they know how to make incredible and ambitious games. And although it will take some time before we're ready to share more about and from the game, I know it'll be worth the wait.""I am very happy that my professional paths have crossed again with fellow developers from the time of working together on The Witcher 2 and The Witcher 3. Especially when it's a remake of a project that is so close to our hearts," said Jakub Rokosz, CEO, Fool's Theory. "We are excited to join forces with CD PROJEKT RED, and our goal is to give players another great game from the iconic Witcher series."To keep up to date on The Witcher series of games, including The Witcher Remake, follow the official website, Facebook, and Twitter. Source: CD PROJEKT
Property investment market in Poland Q3 2022 - Avison Young report

Property investment market in Poland Q3 2022 - Avison Young report

Finance Press Release Finance Press Release 26.10.2022 11:01
Author: Paulina Brzeszkiewicz-KuczyÅ„ska, Research and Data Manager, Avison Young Polish investment market falloff? Not this time! Nowadays, making investment decisions is accompanied by particularly careful analysis. The conflict in Ukraine, rampant inflation and skyrocketing interest rates affect all markets in Central and Eastern Europe. The industry now finds itself in a difficult macroeconomic environment, accompanied by the looming potential energy crisis. Nevertheless, in the first three quarters of 2022, the investment market in Poland did not show any alarming signs of slowdown. On the contrary, the total volume of transactions in the commercial real estate sector exceeded the result of 2021 by over 20%. The real estate sector is still a great hedge against inflation thanks to rising rents. Previously unfinished transactions were pushed to 2022. Avison Young notes that the recorded result was shaped by five spectacular transactions which accounted for 47% of the total investment volume in Q1-Q3 2022. After the domination of the office sector seen in the first half of 2022, in Q3 2022 the industrial sector took the lead again. The office market, in turn, saw an increase in the volume of transactions in Warsaw. The retail sector is invariably based on smaller facilities, such as retail parks and convenience schemes. In Q3, residential sector saw two PRS transactions concluded in Warsaw and WrocÅ‚aw. When it comes to capital sources, Israeli investors and funds were particularly active in the past quarter. EUR 4.3 bn. – total investment volume Q1-Q3 2022 84 transactions vs. 103 transactions in Q1-Q3 2021 Third best Q1-Q3 period since 2016 OFFICE SECTOR Warsaw comes out of the regional markets’ shadow Office sector in Poland continuously sparks investors’ interest. However, major institutional investors have narrowed their investment criteria as a direct result of the current cost of debt and the focus on ESG. The growth in construction costs over the past years accompanied by continuous rental growth offer landlords’ of existing assets a huge competitive advantage and improved returns over a new-build projects when setting rental rates and leasing strategies. With EUR 1.77 billion, corresponding to a 41% share in the total transaction volume, the office sector dominates in terms of the value of transactions that were made in Q1-Q3. However, the distance to the industrial sector shrunk from 20% in H1 2022 to only 5% in Q1-Q3 2022 period. Among 21 office transactions recorded in Q1- Q3 2022 period, 15 regarded regional office markets. Nevertheless, Avison Young points out that two most impressive deals took place in Warsaw. H1 2022 was dominated by the office acquisitions on the regional markets, which amounted for 80% of number of deals signed and shared the same investment volume as transacted in Warsaw, because of the extraordinary acquisition of The Warsaw HUB. Q3 2022 tipped the scales slightly in favor of the capital city. The 4th biggest office transaction in Poland, namely the purchase of Generation Park Y by Hansa invest, brought Warsaw ahead, with 55% share in office investment volume in Q1-Q3 2022 period. EUR 1.77 bn. – office investment volume Q1-Q3 2022 55% of which was transacted in Warsaw in Q1-Q3 2022 The 1st and the 4th largest single-office-building acquisitions in Poland since the beginning of the market TOP 10 biggest single-office-building acquisitions in Poland   Office Building Size m2 Office District Transaction Year 1 The Warsaw HUB 101,000 City Centre West 2022 2 Warsaw Spire A 71,200 City Centre West 2019 3 Rondo 1 58,000 CBD 2014 4 Generation Park Y 47,600 City Centre West 2022 5 Warsaw Financial Center 50,000 CBD 2019 6 Q22 53,800 CBD 2016 7 Rondo 1 58,000 CBD 2006 8 Eurocentrum Office Complex 84,100 Jerozolimskie Corridor 2019 9 Metropolitan 38,300 CBD 2021 10 Rondo 1 58,000 CBD 2005 Source: Avison Young INDUSTRIAL SECTOR Secondary hubs hold the guns Industrial and logistics, being the darling sector of 2021 sought-after by almost every institutional investor stays atop the shopping list also in 2022. Avison Young points out that investors still want to purchase warehouse properties, while owners are not ready yet to lower prices. Hence, the overall volume of the sector records relatively lower results. Demand is propelled by the record low vacancy, which in turn, is driving rental growth across Poland. Q3 2022 strengthened the warehouse sector position as far as Polish investment market is concerned. Acquisition of Danica industrial portfolio by CBRE IM from Hillwood was the second largest transaction recorded in Q1-Q3 2022 period. The transaction also had a significant impact on the share of portfolio transactions in the total volume of the warehouse sector, which amounted to 50%. Notwithstanding, EUR 1.54 billion of recorded investment volume didn’t catch up 2021 y-o-y results. Industrial transactions in Q1-Q3 2022 amounted to 36% of the Polish investment market volume, indicating considerable shift compared to H1 2022 (24%). Interesting pattern observed by Avison Young in Q1-Q3 2022 period in the industrial sector was the growing importance of emerging markets over the “Big Five” warehouse and logistics hubs. 47% of transacted volume regarded secondary industrial hubs. Especially visible trend is the increase of property investments in Western Poland in rising markets of Szczecin and Lubuskie Province, which is currently the most intensively developing industrial market in Poland. EUR 1.54 bn. - industrial investment volume in Q1-Q3 2022 50 % share of portfolio transactions in total volume of the sector in Q1-Q3 2022 47 % - share of secondary hubs in industrial investment volume in Q1-Q3 2022 REATAIL SECTOR Convenience and retail parks – what else? Convenience schemes still dominate the retail market in Poland. The most desirable properties are those which accommodate discounters and "value retailers", which are thriving nowadays, when buyers often limit their purchases and pay more attention to prices. Avison Young points out that Poland still offers very generous yields in retail parks (6.8%), which confirmed to be not only COVID-19 but also recession-resilient sector. Upcoming months should bring two new investors from France and Israel, attracted by the retail park product. PSPAs has been already signed. In Q1-Q3 period retail sector recorded 26 transactions, of which 17 were due to retail parks and convenience-based schemes. Redevelopment was the purpose of 5 investment deals, considering former hypermarkets as well as Sukcesja shopping centre in Łódź (stopped operations in 2020). Shopping centers featured comparable share in retail transactions, including two small facilities in PÅ‚ock and Zielona Góra, as well as EPP JVs transactions from the beginning of the year. Retail investment volume in Q2 and Q3 accounted for EUR 69 and EUR 62 million respectively, ranked on the third and second lowest place since 2016. Nevertheless, due to unprecedented results of Q1 2022, total retail investment volume at the end of September stood at EUR 859 m, what translates to 20% share in total investment market in Poland. EUR 859 m – retail investment volume in Q1-Q3 2022 17/26 share of retail park and convenience transactions in Q1-Q3 2022 5/26 share of redevelopment deals in Q1-Q3 2022 Two newcomers about to debut in the retail park sector PRS SECTOR Emerging market under investors’ magnifying glass Ballooning inflation and interest rates resulted in the slowdown on the housing sales market, which in turn increased occupiers’ demand on the Private Rented Sector (PRS). However, factors such as high construction costs resulting from increasing energy and raw material prices, unsteady supply chains and financing costs growth force some investors to temporarily suspend new projects. Previously started transactions are closing. Altogether with student housing, PRS sector featured 3% share in total investment market volume in Poland in Q1-Q3 period. Only in Q3 2022 two new PRS acquisitions were noted. Heimstaden Group finalized transaction regarding Unique Tower D in Warsaw with Marvipol Development, while Atrium European Real Estate acquired Studio Plac DominikaÅ„ski in WrocÅ‚aw from Toscom Development. PRS investment market is characterized with the predominance of forward funding agreements, thus many projects are still under development. Avison Young has been involved in the delivering wide scope of technical advisory services, from construction monitoring to final handovers for the entire Warsaw PRS portfolio by Heimstaden Group. LOOKING FORWARD A hard start to the 2022 brought many question marks regarding the condition of the Polish investment market and its future shape. As time goes on, all the stakeholders observed the market with bated breath as none of scenarios could have been excluded. Fortunately, despite treading on thin ice, the resilience of the Polish investment market has resulted in good performance again, exceeding 2021 y-o-y investment volumes by over 20%. In coming quarters, Avison Young expects the large industrial portfolios to be put on the market, benefiting from the record-high indexation rates, allowing to achieve same pricing despite increasing yield levels. Retail sector may change its course and turn investors’ attention to well-performing shopping centers again, however on much higher yields than we observed before pandemic. Hopefully, Polish investment market will keep demonstrating its strength. Let sleeping dogs lie.
WORKTHERE STRENGTHENS ITS POLISH TEAM

WORKTHERE STRENGTHENS ITS POLISH TEAM

Finance Press Release Finance Press Release 25.10.2022 12:15
Thomas Jodar has joined Workthere.pl as Associate Director, Workthere project lead Poland. The website listing platform, launched by real estate advisory firm Savills, helps occupiers find flexible co-working and serviced offices and provides free advice on leasing. The new expert will serve as chief adviser to Workthere users looking for flexible office space in Poland. In his new role he will work with JarosÅ‚aw Pilch, Head of Tenant Representation, Savills, and Head of Workthere Poland. “Looking ahead, Savills and Workthere forecast that flexible office space will account for up to 20% of the European office market. Increasingly more businesses will be looking for tools and services that will enable them not only to compare flexible office listings in a simple and intuitive manner, but also to choose the most optimal location and negotiate the best possible lease conditions. Workthere.pl is a cutting-edge tool that addresses these needs and continues to gain popularity on our market. Thomas brings a wealth of experience in working for flex providers and the traditional transactional model to further effectively develop our platform in response to the growing occupier demand for flex offices and new providers entering our market,” says JarosÅ‚aw Pilch. Thomas Jodar has over 10 years of experience in the technology sector (SaaS) and commercial real estate. Prior to joining Workthere, he was Head of Business Development at ShareSpace. Previously he worked for WeWork as Sales Director CEE and for Colliers in the firm’s tenant representation team; he was also instrumental in the development of many start-ups. During his professional career, Thomas has been responsible for building business strategies and transactions totalling over EUR 15 million. He has contributed to the largest flex office lease deals in Central and Eastern Europe for a world leader in soft drinks and a leading global consulting company. Workthere was launched in the UK in 2017 in response to the rapid growth of the co-working and serviced office market. Workthere Poland lists over 120 locations across the country’s largest cities and offers the possibility of quick and easy comparisons of various options. Flexible offices, in addition to individual private desks, also offer large corporations an option to lease larger spaces for longer. The largest transaction to date via Workthere comprised close to 1,000 desks. The platform’s experienced real estate experts provide free advice to both corporate and private clients seeking to lease flexible space.
Iris office building sold by entity being a part of CPD Group to DL Invest Group. Avison Young brokered the transaction and advised the seller in the sales process.

Iris office building sold by entity being a part of CPD Group to DL Invest Group. Avison Young brokered the transaction and advised the seller in the sales process.

Finance Press Release Finance Press Release 14.10.2022 18:22
Iris office building, located in Warsaw at 9 Cybernetyki Street has been sold by the entity being a part of CPD Group to DL Invest Group. Avison Young brokered the transaction and represented the seller in the disposal process. Iris is a modern class A office building being a part of Cybernetyki Office Park located in Mokotow Business District – rapidly developing Warsaw district. Total building space exceeds 14,000 sqm. Iris is 7 kilometers away from the city centre and only 2 kilometers from the Chopin airport. “The acquisition of such a valuable asset is an important element of DL Invest Group development strategy. Our portfolio of real estate assets is being constantly expanded through developments and acquisitions of new projects. This is another purchase of DL Invest Group closed this year. The value of our real estate portfolio already exceeds PLN 2 billion. We are capable to acquire assets and development projects quickly, thanks to a well-developed internal structure. This structure allows us also not only to conduct a quick appraisal of the property, but in particular generate additional value by revitalizing or re-commercializing of the project. We are constantly looking for attractive assets to purchase, especially those where we can generate additional value. And Iris is a great example of such an asset – with significant potential to increase value. Additionally, over 95% of the available lease space is based on strong tenants such as Asus, Poczta Polska or Saint Gobain, what guarantees constant, long-term cash flow” – comments the acquisition Dominik LeszczyÅ„ski, CEO at DL Invest Group. “Avison Young investment team knows the area very well. - comments Marcin Purgal, Senior Director, Investment at Avison Young in Poland – Our team had pleasure to represent DEKA in a disposal of two other office buildings comprising Cybernetyki Office Park – Helion and Luminar. We have also represented M7 Real Estate in a disposal of Mokotow Plaza to FLE. Mokotow Business District appears to be the most developed non-central business hub outside the city center of Warsaw. The area has undergone many urban transformations for the last few years. Attractive rental levels in comparison to the city centre are perfect for companies targeting cost‑efficient solutions within renewed office environment." CPD S.A. CPD S.A. is a real estate sector dedicated holding company controlling a group of subsidiaries, the activities of which focus primarily on the residential, office and warehouse segments in Poland and in Hungary. Our Group’s development activity consists of purchasing land and erecting buildings on this land mostly followed by a completed real estate project sale. In addition, the Company acquires existing properties and by active asset management generates additional value add by changing the use or refurbishing / optimizing the leased areas. In response to specific client needs, CPD can also provide high quality external real estate related consulting services for the benefit of investors and funds active in the Polish property market. DL Invest Group DL Invest Group is one of the most dynamically developing Polish investors operating in the commercial real estate market. Its diversified real estate portfolio is made up of three segments: logistics centres, office centres, retail parks. Carefully selected locations and projects meticulously thought out in terms of architecture, functionality and execution, combined with strict quality requirements are the factors behind the success of DL Invest Group, whose portfolio already includes more than 2,000,000 sqm of real estate. Avison Young Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. Headquartered in Toronto, Canada, Avison Young is a collaborative firm owned and operated by its principals. In the Central Eastern Europe and South Eastern Europe the firm is operating in Bulgaria, Czech Republic, Hungary, Poland, Slovakia and Romania, offering a broad range of consultancy services. In the Polish commercial real estate market, Avison Young is providing professional consultancy services such as office agency, investment advisory, valuation consultancy, technical advisory and project management.
Fire Commander and MythBusters: The Game are out now on GOG.com  with a Movie Games Publisher Sale

Fire Commander and MythBusters: The Game are out now on GOG.com with a Movie Games Publisher Sale

Finance Press Release Finance Press Release 10.10.2022 16:02
Movie Games Publisher Sale + Premieres on GOG.com 7 October 2022 – Will you become a mythbuster or a firefighter? Why not both? Movie Games is proud to announce the official release of MythBusters: The Game and Fire Commander on the GOG.com platform. The release is accompanied by a Movie Games Publisher Sale.MythBusters the game is priced at $12.99 / €10.79 / £10.29 and Fire Commander at $14.99 / €12.49 / £11.39, both with a 15% launch discount.   All games participating in the Movie Games Publisher Sale: Fire Commander MythBusters: The Game - Crazy Experiments Simulator  Lust from Beyond: M Edition Gas Station Simulator & Can Touch This DLC Plane Mechanic Simulator Check the sale on GOG.com       FIRE COMMANDER is a game where head a group of firefighters and run a fire station between 30+ action-packed missions.You hire new recruits, train them, specialize them, and send them on missions that range from small house fires to airplane crashes, toxic spills or raging infernos that require water drops from helicopters and airplanes.Take care of your people during and between rescue actions. Send your firefighters on training courses and develop their skills. Be sure that during emergencies, everyone will know what to do.       MYTHBUSTERS: THE GAME - CRAZY EXPERIMENTS SIMULATOR is a first-person simulator based on the legendary Discovery show.It's a combination of a first-person immersive simulator with resource management and puzzle-solving. Learn how to run crazy experiments and manage the production of episodes. Take the first steps to become a MythBuster!
10.10.2022

10.10.2022

Finance Press Release Finance Press Release 10.10.2022 12:26
Avison Young launches Office Agency Department and welcomes team of experts Since launching its presence in Poland in 2019, global real estate advisor Avison Young has been providing a growing roster of clients with investment advisory and technical advisory / project management services. Following a service line expansion in August 2021 to include Valuation and Advisory, Avison Young continues this momentum and is announcing its latest investment in growth.On October 1 this year, Avison Young will welcome a team of market experts and launch a new - Office Agency service. The new team members’ experience will allow Avison Young to smoothly enter a market segment, providing an enhanced service offer to clients and further cementing its presence in the region. Marta Sypiańska, Robert Pastuszka, Maksymilian Sobczak and Przemysław Urbański join the team.Robert Pastuszka (taking the role of Director), has over 20 years of experience in the real estate market. Currently he is specialized mostly in tenant representation in the fields of office space rental and property purchase. A significant number of his clients are public institutions. He has cooperated with such clients as: Public Transport Authority, Comp S.A., Hochtief Polska S.A, Provincial Administrative Court in Warsaw, Markant Polska, Mitsubishi Motors (MMC Car Poland), Maspex Group, e-Service. In his career, he has also gained extensive experience in representing landlords, providing advisory to such companies as Immofinanz or Liebrecht & Wood, giving him an insight into the needs of both sides.Before joining Avison Young, he worked for almost 9 years at Nuvalu Polska.Maksymilian Sobczak (taking the role of Associate Director), has been active in the commercial real estate market since 2013. In his professional career, he worked in consulting companies, specializing in tenant representation. He conducted relocation and renegotiation processes in Warsaw, Wrocław, Kraków, Rzeszów and Łódź. He also supported landlords in the processes of building commercialization, working for Ghelamco, Liebrecht & Wood, BPH TFI.Maksymilian has represented clients including Abris Capital Partners, Fujitsu, MDDP Outsourcing, Moet Hennessy Polska and tenants from the public sector - Bank Gospodarstwa Krajowego (Polish national development bank), the General Inspectorate of Road Transport, the Supreme Court, and the Public Procurement Office.Maksymilian joins Avison Young from Nuvalu Polska.Przemysław Urbański has been active in the commercial real estate market for 7 years. He graduated from the Faculty of Law and Administration at the University of Warsaw. Since the beginning of his career in the industry, Przemysław has worked in the tenant representation department, leading relocation and renegotiation processes throughout Poland. So far, he has worked with notable clients, such as – among others - Flying Wild Hog, Fujitsu, Abris Capital Partners, Technical Inspection Office, Moet Hennessy Polska, District Court in Warsaw, Devire.Before joining the Avison Young team, Przemysław worked at Nuvalu Polska.Marta Sypiańska is at the beginning of her career in the commercial real estate market. In the Office Agency Department at Avison Young, she will perform junior functions, supporting the work of the entire department in data collection, maintaining databases, preparing offers for clients and supporting transaction processes.“I am very proud that the development process of Avison Young in Poland is proceeding as planned and a year after the opening of the Valuation Department, we are expanding our services to include Office Agency, - comments Michał Ćwikliński, Principal, Managing Director at Avison Young in Poland - The new team are renowned market experts with extensive experience, enabling us to better respond to the needs of our clients and present a more complex offer of services."“Welcoming the new team to expand our office agency capability into Poland is an important step in building out our services as part of ambitious EMEA growth plans, – adds Jason Sibthorpe, Principal and President EMEA at Avison Young. - Their local market expertise and established relationships with leading private and public-sector clients will be backed by our global platform and technology-led insights. This serves the ultimate goal of delivering best-in-class advisory and transactional real estate services in Poland and globally.”Avison YoungAvison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. Headquartered in Toronto, Canada, Avison Young is a collaborative firm owned and operated by its principals. In the Central Eastern Europe and South Eastern Europe the firm is operating in Bulgaria, Czech Republic, Hungary, Poland, Slovakia and Romania, offering a broad range of consultancy services. In the Polish commercial real estate market, Avison Young is providing professional consultancy services such as office agency, investment advisory, valuation consultancy, technical advisory and project management.
Warsaw, 05.10.2022

Warsaw, 05.10.2022

Finance Press Release Finance Press Release 05.10.2022 15:01
PRESS RELEASETime for apartments in office buildings and supermarketsAuthor: Piotr Łopusiński, Associate Director, Investment at Avison YoungWill the non-functioning office buildings and shopping centers be taken over by residential buildings? There are arguments for and against this measure.The government is preparing a bill to significantly simplify the conversion of office buildings and shopping centers of more than 2000 sq m. into residential buildings. Thanks to the new regulations of the Ministry of Economic Development and Technology, changing the function of such properties might be possible without a building permit and submission of a construction design, even if the conversion requires a reconstruction of the facade, without interfering with its structure. However, the bill processed in extraordinary proceedings is to be a temporary solution, valid only for two years. Therefore, developers that want to be a part of such investments must hurry.However, Avison Young experts are wondering whether these faster procedures will encourage investors to implement such projects. Can a law that is in force only for a short period of time have real effect on the market? In times of high interest rates and low credit ratings, is the demand so high it requires the introduction of special, temporary bills freeing up new land for housing?Undoubtedly, it is much easier to design and carry out investments on the undeveloped plots, than to change the function of the existing buildings on the lot. Developers deem the solution interesting, while noticing its limitations.Cost is crucialAccording to real estate development companies, the mere transformation of office and commercial buildings into residential buildings generates difficulties. Such conversion requires substantial interference with the structure of the facility, installations, etc. There is usually much fewer plumbing risers, while floor layouts are normally much different in office buildings and shopping centers. As a result, not every commercial building can be easily transformed into a residential building. Sometimes it is impossible, because certain space does not provide access to natural light. Even if it were technically possible, adapting shopping centers to residential functions may prove too costly to make economic sense. Moreover, it is demanding, due to their specific layout and a small number of windows.Office space with its unusual height, equipped with air conditioning and air exchange system, gives a better opportunity to arrange attractive residential premises. Western markets, such as Paris, have had many successful transformations of such type. Former office buildings can offer additional appeal in the form of elegant lobbies, leisure zones and additional amenities in the common areas. However, they lack balconies and have different parking ratio than the one required for apartments.Valuable environment Avison Young points out that the environmental benefits are certainly a factor in the real estate redevelopment. Investments based on the use of existing facilities for other purposes are in line with the general trend of environmental protection. They are reducing the demand for cement, the production of which is responsible for 5 per cent of the global carbon dioxide emissions.However, residential real estate developers point out, that the housing offer is interesting if the premises meet the most important current expectations of the buyers, such as attractive location, good access to infrastructure, optimal finishing standard, functional layout with additional space in the form of balconies, terraces or gardens. Otherwise, the price of the "final product" in the reconstructed buildings would have to beat the classic residential offer.New path to investingAccording to developers, the greatest investment opportunities are provided by large areas occupied by older one-storey supermarkets, enabling effective development of mixed-use residential complexes with multi-storey buildings providing residents with various amenities. Avison Young experts estimate that the possibility of implementing such projects sparks the most interest among the investors, but in this case it is difficult to talk about transformation. The function is changed into a residential one by demolishing the facility and implementing a new investment from scratch.The legislator took into account the needs of investors in the final stage of work on the bill. Ultimately, the new regulations on conversions will also include changes to the housing act. It is to facilitate the conversion of undeveloped space intended for large-scale commercial facilities to housing construction, without the need of changing spatial development plans.Opening this possibility seems to be the most tempting for investors who have long had difficulties obtaining investment land in the largest cities. In a situation of a small supply of attractive greenfield plots, this solution may prove to be the most suitable and have the greatest impact on the market.However, Avison Young points out that the banks' approach to such investments may raise concerns. It is likely that they will take a skeptical stance towards them and will be reluctant to finance projects without building permits.In the case of the already very complicated and unclear spatial planning system in Poland, one should consider whether the introduction of further temporary regulations is a good direction? Perhaps a better facilitation for the residential market would be simply putting the regulations in order and introducing much simpler, uniform and clear procedures?An excellent example of the negative impact of hasty temporary regulations is the covid act, which was abused by many investors and allowed for the construction of residential buildings in wildlife sanctuaries and seaside resorts.
THE  POLISH WAREHOUSING MARKET HAS PROMISING FUTURE PROSPECTS

THE POLISH WAREHOUSING MARKET HAS PROMISING FUTURE PROSPECTS

Finance Press Release Finance Press Release 05.10.2022 14:25
Poland, which is the fifth warehousing market in the EU, has the opportunity to take over a significant share of the investment and production and logistics processes moving from Asia.   Thirty percent of new warehouses in Europe are being built in Poland, and the country ranks third in terms of demand for space, after the UK and Germany. The investment market has slowed down somewhat in recent months, but the prospects for the sector in Poland are very promising. Changes in the global economy and concern over the conflict in Ukraine have not curbed the record high interest in leasing warehouse space in Poland so far. Demand on the warehouse market is at a record high. However, the number of new investments has declined.   - In the first half of this year alone, nearly 4 million sq. m. of space were made available to tenants, about 12 percent more than in the previous year. The record high absorptive capacity of the Polish market, which exceeded 7 million sq. m. of space in 2021, places Poland on the European podium in terms of demand – informs Agata Karolina Lasota, managing director of LBC Invest. However, she admits that the real impact of geopolitical factors on the sector in Poland is not yet felt. - The high rental volume recorded in the first six months of the year is a consequence of investment processes initiated last year. However, signs of the economic slowdown are beginning to be visible in the warehouse market as well. Although there is warehouse deficit in Poland, as there is only 3 percent of vacant space, there has been a decline in the number of new investments in recent months – she explains. Slight drop in production Agata Karolina Lasota points out that the decline in investment activity in the domestic logistics market may prove to be temporary, as the scenario of more extensive relocation of production from China and other Asian countries to Poland is quite real. She admits that the subsequent disruption of global supply chains from China, the increase in the cost of container transport from Asia is effectively motivating companies to shorten the length of deliveries. An influx of customers from Western Europe who want to relocate some of their production and logistics operations to Poland is also likely. - In addition to attractive logistics facilities, Poland offers investors a large domestic market, lower labor costs compared to Western European countries, and well-educated people willing to work. We are receiving inquiries from companies from Russia and China, which are analyzing the possibility of moving production to Poland. Ukrainian business owners are also reaching out to us. Companies want to secure the continuity of work as much as possible and are taking measures that can guarantee their undisturbed operation in the future. They are planning to increase warehouse stocks, secure facilities for production and aim to increase efficiency and optimize logistics costs – says Agata Karolina Lasota. In the second quarter of this year alone, the total warehouse space in Poland increased by 2.2 million sq. m. Wrocław, Upper Silesia and the central Poland area increased their warehouse potential the most this year. The warehouse sector consists of about 26.5 million sq. m. of modern space in total. This gives us the fifth largest warehousing market in the European Union. Poland is the second fastest growing market in Europe By the middle of the year, almost 4.5 million sq. m. of warehouse and industrial space was under construction. In terms of growth, the Polish market is second in Europe. By mid-2022, there was 30 percent more space under construction than at the end of 2021, but there was a nearly 10 percent drop in output from spring to summer. On the other hand, if we look at the average of the last few quarters, the decline is more pronounced. The amount of space under construction in West Pomerania, Lower Silesia and the central part of the country declined in particular. - Already during the summer, a decline in the number of speculative warehouse projects being developed in Poland was evident. Global economic turbulence and the conflict in Ukraine are creating uncertainty among investors. This makes it difficult for them to realistically estimate future construction costs. However, major players are still looking for land for investment, despite persistently high land prices. The building up of land banks indicates the desire of developers to return to intense investment activity. Companies expect the market to continue to grow rapidly. They are preparing further developments, but the start of investment construction requires securing space in advance with contracts – the managing director of LBC Invest admits. The decline in the number of new investments in Poland's warehouse sector is unrelated to demand. Interest in renting is still at a record high. In the second quarter of this year, demand for warehouses reached historic highs. The slowdown in the market is mainly related to difficulties in project implementation and rising costs of new investments.   Rising rents Increased costs of project construction and property maintenance have affected warehouse rental prices this year, which so far in Poland have remained very low compared to other European markets. The highest increases were recorded in the Cracow and Tricity provinces, as well as in the Warsaw area. According to LBC Invest, since the beginning of the year, rents have risen from around 10 percent to as much as 25 percent, depending on the location. - Due to the low availability of vacant space and the limitation of new supply, further increases in rental rates can be expected throughout Poland, which already began to rise at the end of last year and beginning of this year. The Polish market is no exception, the increase in the cost of renting warehouse space can be seen throughout Europe – admits Agata Karolina Lasota CEO of LBC Invest. Higher rental prices are certainly a motivating factor for investors due to the increased profitability of investments. Investment activity, on the other hand, may be dampened by high prices for attractive land and twice as high costs associated with financing projects by banks. ESG requirements make warehouse facilities environmentally friendly, energy efficient and comfortable to use, but the cost of implementing such projects is also correspondingly higher.
SAVILLS ACQUIRES KNIGHT FRANK’S PROPERTY MANAGEMENT TEAM IN POLAND

SAVILLS ACQUIRES KNIGHT FRANK’S PROPERTY MANAGEMENT TEAM IN POLAND

Finance Press Release Finance Press Release 05.10.2022 09:29
International real estate advisor Savills has announced the acquisition of Knight Frank’s commercial property and asset management team in Poland. Under the agreement, 35 employees have joined Savills and its Polish property management portfolio has surpassed 1,200,000 sq m. James Sparrow, CEO, Savills UK and EMEA, says: “As part of Savills strategy for the development of our business in Europe, the growth of our asset and property management teams remains a key priority and focus. The Knight Frank property management team in Poland has an excellent reputation and we are very excited about them joining our business. Poland is an important growth market for us.” The portfolio of commercial property to be managed by Savills comprises mostly office buildings in Warsaw and other major cities throughout Poland. In conjunction with the buildings currently under Savills management, which also include retail and mixed-use projects, these properties make up a large and diversified asset portfolio. Notable buildings that will be managed by Savills include West Station I and II (115,900 sq m) and Miasteczko Orange (77,100 sq m), as well as Maraton A and B (39,300 sq m) in PoznaÅ„, Green Towers A and B (36,600 sq m) in WrocÅ‚aw, ArkoÅ„ska Business Park (30,800 sq m) in Gdansk and Kapelanka (22,000 sq m), Jacobs CH2M Center (18,000 sq m) and MK29 (11,000 sq m) in Krakow. Tomasz Buras, CEO, Savills Poland, says: “We have made a very important step towards further growth of Savills in Poland that will enable us to double the scale of our property management business and significantly strengthen our position in the office sector. With well over 1 million square metres under our management, we are joining the ranks of the leading commercial property managers in the Polish market. “We are not going to rest on our laurels as we are planning to further expand our portfolio. I am confident that this will benefit our new clients who will gain access to the state-of-the-art technological solutions we have recently implemented, while new employees will quickly experience the advantages of our organisational culture and feel part of our Savills team.” The expanded property management team will be led by MichaÅ‚ Bryszewski, who was appointed Head of Property & Asset Management at Savills Poland in June 2021. In her new role as Head of Office Property Management, Izabela Miazgowska, an experienced expert who has worked for Knight Frank for the last 10 years, will work with Wioletta Nowotnik, Associate Director in the property management team. In addition, Marta MikoÅ‚ajczyk-Pyrć will continue as Head of Retail & Mixed-Use Property Management, while PrzemysÅ‚aw Piórek will be in charge of Industrial Property Management. “The project group, which was responsible for the acquisition and comprised Knight Frank professionals, had been preparing the merger of the two teams for many months. As a result, long before the deal was finalised we had a new model of operation in place to ensure a smooth transition and effectively assist our current and future clients from day one. I am particularly proud that all the clients and members of our business partner’s property management team have decided to join Savills,” says MichaÅ‚ Bryszewski, Head of Property & Asset Management, Savills Poland. The deal will also see Knight Frank’s four-strong team of engineers led by Urszula ŁuszpiÅ„ska join Savills. They will deliver projects for the firm’s property and asset management clients and the Building & Project Consultancy team led by Jakub JÄ™drys. Savills provides comprehensive real estate advisory services, including office, retail and industrial property management. In 2022, it expanded its Polish property portfolio with mandates to manage Sky Tower, the tallest building in WrocÅ‚aw, and Widok Towers, the most centrally located skyscraper in Warsaw. Savills has also extended the range of services provided by its property and asset management team, offering ESG advisory services and implementing innovative solutions that help bring service charges down and assess the financial standing of tenants in addition to strengthening its offer for the industrial sector. -ends- For further information, please contact: Jan Zaworski, Savills Press Office Tel: +48 666 363 302 Marcin Steinborn, Savills Press Office Tel: +48 504 622 772 Founded in the UK in 1855, Savills is one of the world's leading property agents with 600 offices across the Americas, Europe, Asia Pacific, Africa and the Middle East offering a broad range of specialist advisory, management and transactional services. Should you not wish to receive Savills press releases, please email us at: kontakt.rodo@savills.pl. Click here for our Privacy Policy.
Retail is going local

Retail is going local

Finance Press Release Finance Press Release 28.09.2022 10:47
Retail parks are growing in smaller towns, mixed-use facilities and new residential estates provide commercial space in large cities   Although shopping malls are busy again with crowds of customers, especially on weekends, stationary retail is becoming more and more fragmented and local. On a daily basis, commercial market is shared between everyday shopping centers, retail parks, various types of mixed-use facilities, shops located on the main city routes and shopping malls, which are more and more often appearing in new residential estates. The future belongs to the shops that are located close to home. For over two years, small local shopping centers and retail parks have been gaining in importance, and they are currently dominating among the investments carried out in the sector.   For over two years, small local shopping centers and retail parks have been gaining importance, and they currently dominate the investments carried out in this segment. The market needs inspired Walter Herz to expand its operations in the area of searching, preparing and obtaining permits for land for sector investments of various scale.   According to the company's analysts, over 400 thousand sq m. of commercial space remain under construction on the domestic market. Almost 70 per cent of new supply will be provided by local retail parks, which are built mainly in smaller cities with up to 100 thousand residents. Over 30 projects are under implementation. The construction of the Dor Plaza retail park in Częstochowa and Galeria Bawóchanka in Bełchatów has just been completed. Before the end of the year, customers will come back to Fort Wola, which is under reconstruction in Warsaw.   130 thousand sq m. of space in half a year   Among the facilities that will enter the market in the near future there are also, among others, Atut Ruczaj center in Cracow, Galeria Goplana in Leszno and Pasaż Kępiński and M Park in Koszalin. The reconstruction works of former Tesco stores in Gorzów Wielkopolski and Lubin are also in progress.   According to Walter Herz data, in the first half of 2022, over 130 thousand sq m. of commercial space emerged in Poland. Among the opened retail parks are the ones in Kołobrzeg, Tychy, Sławno, Warka, Krotoszyn, Sierpc, Jasło, Busko-Zdrój, Giżycko, Pszczyna, Puławy, Łany near Wrocław and Szczytno. After the expansion, centers in Radomsko, Zamość, Knurów and Stalowa Wola have also been opened.   - The stock of retail space in Poland amounts to 15.7 million sq m. The new facilities that are being built on our market are primarily constructed to meet the current needs of the local customers. Apart from the modernization and expansion of several larger facilities, investors focus on constructing retail parks and convenience centers, which are delivered mainly on the regional markets, in smaller towns. The development of this format is followed by the expansion of multi-branch discount stores and popular grocery and drugstore chains, as well as discount industrial stores. The market is also seeing a swift development of clothing outlets and brands offering goods at reduced prices, such as Half Price and TK Maxx - says Bartłomiej Zagrodnik, Managing Partner/CEO of Walter Herz.   Large mixed-use buildings are on trend   In the largest cities, however, new retail space is mainly provided by the mixed-use projects. In Warsaw, Browary Warszawskie and the Norblin Factory, the redevelopment of which lasted for 10 years, are very popular. Bohema remains under construction in Warsaw's Praga district, and further large investments in Ursynów and Bielany are being prepared for implementation. These will be projects designed for attractive development of the large city quarters.   A mixed-use Ogród na skarpie project is to be built in the district of Kabaty, on the plot of the former Tesco supermarket. It’s a place where one can live, shop and spend their free time in an attractive way. Echo is also planning the construction of a mixed-use complex on the site of the current Jupiter shopping center, located at Towarowa Street. A new mixed-use project, which will offer 42 thousand sq m. of office space and over 7.5 thousand sq m. intended for retail and services have also been announced by Liebrecht & wood company. The investor plans to redevelop the area of the former wire manufacturer Drucianka - Warszawska Fabryka Drutu, Sztyftu i Gwoździ situated in the district of Praga. In Łódź, the redevelopment of the former factory facilities Widzewska Manufaktura, Fuzja and Monopolis is still taking place. Quorum project is being expanded in Wrocław. The residents of Gdańsk will be able to use the Garnizon and Doki facilities, and Gdynia will get the Waterfront complex. Plaza shopping center in Cracow is also to be replaced by a mixed-use facility. There is also talk of the implementation of new investments after the demolition of several older shopping centers in Warsaw. Residential estates with shopping units New commercial space is also provided by residential projects, which increasingly often offer additional infrastructure, including spaces intended for retail and services. About 120 residential investments out of 200 projects implemented in Warsaw offer retail and service space. Commercial premises are a good investment and are very popular among the individual investors. Most of them find buyers right after the offer is introduced to the market. The amount of vacant commercial space in the new Warsaw housing estates is close to the level of office vacancies in the city, about 12 per cent is up for grabs. Among the most popular services opened in the adjacent shopping units are grocery stores, bakeries, confectioneries, liquor stores, pharmacies, drugstores, restaurants and service points, as well as non-grocery discount stores in increasing numbers.   About  Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors.   Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors.   The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. The agency introduced the Code of Good Practice to ensure the highest ethical level of services.
Investment market in the CEE region - atypical end of the year

Investment market in the CEE region - atypical end of the year

Finance Press Release Finance Press Release 27.09.2022 09:42
CEE Property Forum 2022 in Vienna - echoes, moods and investment trends Avison Young participated in CEE Property Forum 2022, which has just ended in Vienna. Unfortunately, the mood at the event hardly indicated great optimism among the market players. This year has brought unprecedented challenges to the real estate sector. We are in the place where investors mostly monitor the market instead of taking actual actions. Annually, the fourth quarter of the year has been a typical period of closing investment transactions. This year, however, since the outbreak of the conflict in Ukraine, when it comes to initiating new projects, the activity of investment entities has practically been frozen. Not enough transactions have been launched in the second and third quarters to see plenty finalizations by the end of the year. Therefore, both the year-end and the whole 2022 is not expected to be spectacular in terms of investment volume. And new reports from Russia do not help – they fuel the state of anxiety and maintain the status quo for new investment projects. The potential escalation of the conflict in Ukraine and the inevitable energy crisis are effectively dampening the willingness to take actions in all investment circles. Avison Young estimates that the investors’ conservative approach is likely to last for months, and actions taken will be selective and profiled. The entities that are forced to maintain the annual target at a certain level will be among those that are most likely to execute and close transactions. A strategic aspect of investing in such an uncertain market and with rising interest rates is the availability and cost of financing of commercial products. The yields are increasing for sure, which is mostly visible in the warehouse segment. Another difficult time will be the first quarter of 2023, a period of rents’ indexation, which will require a balanced dialogue between property owners and tenants. Bearing in mind the anticipated, drastic increase in operating costs, it should be expected that the most difficult talks are yet to be initiated. Today, the quality of the property is more important than ever. Compliance with environmental, social and governance (ESG) regulations is at the forefront, in particular in terms of energy consumption, but also in terms of shaping investment decisions. The key to the ESG strategy is the ability to improve the energy efficiency of properties. We will be observing enhancement of this trend in the upcoming years. The green revolution in real estate is already bringing tangible, financial results for tenants, but at the same time it requires higher construction and renovation costs, which will probably translate into an increase in rents in new facilities, as well as the modernized properties. Author: BartÅ‚omiej Krzyżak, Senior Director, Investment at Avison Young
Offices are getting more and more expensive and there is no shortage of demand

Offices are getting more and more expensive and there is no shortage of demand

Finance Press Release Finance Press Release 13.09.2022 11:32
Rent and maintenance charges are rising, lease periods are being prolonged, and contracts are subject to higher and higher annual indexation of rates. Nevertheless, offices in all markets in Poland still enjoy record-high popularity Observation of the economic decline in the country and in the world could lead to pessimistic predictions regarding the demand for office space. However, the opposite is true. The interest in high-standard offices in the most attractive locations of the largest cities is enormous. - Office space in the best properties is systematically decreasing. An increase in headline rental rates is already visible, especially in those locations where the offer is very small and the demand among tenants is high. So far, the increase in asking prices is minor, between EUR 0.25-0.75 - says Mateusz Strzelecki, Partner, Head of Tenant Representation at Walter Herz. - Higher utility costs also translate into an increase in maintenance charges, which went up by about 20-30 per cent year on year. In the course of negotiations, landlords very rarely agree to the provisions limiting the maximum increase in maintenance charges. The costs are settled annually in the open book contracting. Companies can verify their amount – adds the expert. Mateusz Strzelecki admits that the growing popularity of renting space, which we could observe in the first quarters of this year, continues and is even growing. - Warsaw is the leader in this respect, where there is a shortage of space in the best buildings. Inflation and increase of utility charges do not discourage companies. Tenants want to be able to contract the space before the market completely slows down and the options run out. The lease term also changes. Now, the standard in new buildings is 7 years contracts, not 5 years, which is dictated by the desire to spread the high costs of space adaptation over a longer period – informs Mateusz Strzelecki. Large offices are taken over by smaller tenants The expert points out that as soon as next year, there will be a clearly visible shortage of offers on each key office market in Poland. - It turns out that rising rental costs are not an obstacle for companies that still conclude contracts for large spaces. Naturally, some of the largest market players are also giving up some space, because they have a problem with the attendance of employees who prefer to work remotely. These offices, however, are immediately consumed by smaller companies that rent space for a shorter period, but at even higher prices, often moving their headquarters to a better address. We can therefore speak of a decline in average lease periods in regional markets - points out Mateusz Strzelecki. Emilia Legierska, Transaction Director at Walter Herz predicts that the lack of office space in central locations in the cities may be a motivation to return to cheaper locations, such as Mokotów in Warsaw. - Służewiec office area may have a comeback. A lot of office buildings there offer a good standard of space. Their modernization and finishing carries lower costs than finishing offices in buildings that have just been completed. Parts of the installation and construction can be reused. As a result, the expenses on fit-out are lower than in the case of creating a workspace from scratch - she notes. - Work safety is also important for tenants. The time of the pandemic made companies more aware of this aspect, which is usually discussed now during negotiations – adds Emilia Legierska. Ukrainian and Belarusian companies are staying in Poland The expert also admits that the shaping of the situation in the office sector is already clearly influenced by companies that are transferring business to Poland from beyond our eastern border, primarily from Ukraine and Belarus. - At the turn of March and April, during the biggest boom, companies from the East located their offices in co-working spaces, because the space was immediately available there and it provided flexibility in terms of the length of the lease. Many of these entities decided to maintain their business in Poland and its further development on our market. Now they are looking for target offices that are more adapted to their needs - says Emilia Legierska. The first half of this year brought record demand for office space in Warsaw. Almost twice as many offices have been rented to tenants year on year. The largest amount of space in history has also been contracted on the regional markets. This translated into a decline in the vacancy rate. Less and less vacant offices, increasing rental costs According to Walter Herz, the vacancy rate in Warsaw decreased from the beginning of the year to 11.18 per cent, in Cracow to 12.50 per cent, in Wroclaw to 17 per cent, in the Tri-City to 12.30 per cent, and in Łódź to 15.70 per cent. Only in Katowice it increased to over 16 per cent, due to the fact that a significant amount of space has been commissioned for use, incl. in KTW II building (39.9 thousand sq m). The largest office buildings completed this year in Poland include Forest Tower in Warsaw (51.5 thousand sq m.), SkySawa (22.8 thousand sq m.) and Intraco Prime (12.8 thousand sq m.), Midpoint71 in Wroclaw (36.2 thousand sq m.) and the first stage of The Park Kraków (11.7 thousand sq m.) Walter Herz advisers agree that the biggest challenge that market participants will have to face in the near future are the increasing costs of building operation and maintenance and the lack of free space in city centers. A development obstacle for the sector is the lack of plots in central locations. In addition, the cost of obtaining money to finance projects has increased, and investors have difficulty estimating the level of future inflation and increases in material and labor costs. Already in the pandemic, developers were afraid to invest and many projects were suspended. Also, few building permits have been issued. Taking into account these factors, the number of initiated investments and the volume of demand, an office deficit should be expected in the years 2023-2025. About Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors. Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. The agency introduced the Code of Good Practice to ensure the highest ethical level of services.    
Warsaw,  02.09.2022

Warsaw, 02.09.2022

Finance Press Release Finance Press Release 02.09.2022 14:09
PRESS RELEASECommercial real estate investment market in Central and Eastern Europe after the first half of 2022. Investment volume increased by 30 percentWhat to invest in during times of uncertainty, war, rampant inflation and soaring interest rates? Avison Young presents Central and Eastern Europe (CEE) commercial real estate investment market overview after the first half of 2022According to Avison Young report, in the first half of 2022, the value of the transaction volume in the CEE region increased by 30 percent on an annual basis, reaching EUR 5.4 billion. This is a good result, however, 12 percent lower than EUR 6.1 billion recorded in the first half of 2020, when the market was not yet affected by the pandemic.- It is also worth noting that the market results of the second quarter have not been affected yet by the consequences of war in Ukraine and the record-high inflation. In addition, we observed transactions transferred from 2021 closing in the first half of the year. - says Paulina Brzeszkiewicz-Kuczyńska, Research and Data Manager at Avison Young.Poland is an undisputed leaderAll the CEE countries saw an increase in volumes in the first six months of 2022. Poland remains number one in terms of transaction volume with a result of EUR 2.9 billion, which is also the best result for the first half of the year in our country, since 2016. In 2022, this result was significantly influenced by 3 large transactions: the acquisition of the office part of The Warsaw Hub by Google (EUR 585 million) and the sale of EPP shares in two retail property portfolios to PIMCO and I Group, for a total of approximately EUR 654 million.Czechia comes second – total volume of EUR 1.2 billion is a 30 percent increase year-on-year. The investment volume was shaped by, among others, the purchase of a shopping centers portfolio including IGY Ceske Budejovice, City Park Jihlava and OC Gecko Ceske Budejovice by the Slovak investor 365.invest (EUR 215 million), as well as the sale of Borislavka Office & Retail Center, a mixed-use property in Prague to REICO, for an estimated value of approximately EUR 180 million. Assets in the industrial sector continued to be popular among investors, and a great example here is the purchase of Prague logistics property portfolio by Hines for an estimated value of around EUR 100 million.Slovakia achieved a result of around EUR 620 million, which is mainly due to large transfer (estimated EUR 300 million) of ownership in part of Penta’s office portfolio ‑ to the newly established developer Alto Real Estate (owned by Jozef Oravkin, ex‑Partner of Penta). The portfoliosale included Jurkovičova Tepláreň, Sky Park Offices and Digital Park – one the largest office buildings on the market. The second largest transaction in the first half of the year in Slovakia, is the sale of Atrium Optima shopping center in Košice to two Slovak private investors for EUR 118 million.In Hungary, the recorded volume of EUR 619 million exceeds the result achieved in the corresponding period last year (EUR 590 million). The largest transaction in six months involved the disposal and partial leaseback of the Tesco retail property portfolio, which was acquired by Adventum Investment Fund Management. 13 assets of the portfolio are located in Hungary and 4 in Czechia, the Hungarian assets comprised 273,000 sq m. GLA, worth approximately EUR 219 million. The most important transaction in the industrial sector was the acquisition of Airport City Logistic Park by WING from CPI, for the estimated value of approximately EUR 59 million. The office segment contributed to the transaction volume with the acquisition of Akademia Business Center by Europa Capital and their local partner ConvergenCE from DWS, for approximately EUR 49 million. In addition, the fund managed by Groupama Gan REIM entered the Hungarian market by purchasing the historic Freedom Palace from the SCC group.Romania has also slightly raised the bar compared to the last year with the volume of approximately EUR 320 million. The largest transaction on the Romanian office market was disposal of Expo Business Park for approximately EUR 110 million. The second largest transaction was the purchase of Record Park, located in Cluj Napoca, by Aya Properties Fund with the participation of Belgian partners, for approximately EUR 35 million.Office and retail sectors are on topIn the scale of the entire region, office sector with share of 36 percent and retail sector, responsible for 32 percent of investment volume, are the new market leaders. Industrial sector has reached 20 percent share “only”, and the main factor affecting this result is the limited number of assets available on the market.According to Avison Young, the most attractive yields in the CEE region are to be found in retail parks sector. The lowest yields (5.25 percent) were recorded only in Czechia, while in the other countries of the region they vary from 6.50 to 7.25 percent. Industrial properties in Romania are also attractive assets, with yields in the first half of this year oscillating around 7.50 percent; however, experts are predicting their compression within next 12 months.In the last six months, investors from the CEE region, especially from two countries - Czechia and Hungary, were the most active in the investment markets in the analyzed countries. Their total share in the region's volume in the first half of 2022 amounted to 41 percent, and was about 10 basis points higher than in the previous year. Apart from the participation of local investors, Avison Young draws attention to a wide range of other investors with diversified origins, investing their capital in the CEE countries this year.The war in Ukraine and high inflation replaced COVID-19 as the main drivers of uncertainty in 2022The industry now finds itself in a difficult macroeconomic environment with record inflation levels and a looming potential energy crisis. There are huge pressures on governments to tackle rising energy costs. This presents challenges for investors and occupiers and reinforces the rationale behind the need to have an ESG strategy for real estate. ESG and energy efficiency are distinct but interrelated clearly. Energy efficiency is a must today; it is measurable and therefore it is the first port of call in the application of an ESG strategy.The real estate sector has always been a great hedge against higher inflation as rental levels are adjusted accordingly. Next year investors will benefit from increased running yields as 2022 indexation is applied to passing income. Nevertheless, the combination of rising rents and increasing utilities costs may be challenging for tenants, especially in low margin businesses across all sectors.This demonstrates there’s great value in older stock. Existing income producing assets with reasonable capital value per sqm and strong tenants will be a winner for many investors in the upcoming period. They will benefit from indexed income but also flexibility to adjust their ERV if needs be.Increase in interest rates and higher costs of financingHigh inflation has forced central banks across the globe to raise interest rates. High interest rates in the CEE, especially in local currencies, mean significant increases in the cost of financing development projects. Combined with the inflationary environment pushing costs of materials and labour upwards, this is a particularly challenging time for developers. We are witnessing increased prudence from developers when assessing new projects or land plot acquisitions. Also assets with local currency denominated leases will be difficult to finance in current environment without dramatically impacting the net returns and cashflow to investors.The higher cost of debt (in EUR as well) is pushing yields up slightly, nevertheless liquidity on the market still looks very strong and investors who can acquire with 100% equity have a significant advantage. Looking at the investment volumes, we have not seen any significant shifts so far, as there have been large transactions and portfolio sales that bolstered the H1 numbers, but we expect lower volumes and less assets on the market throughout H2 2022.Changes in the investment dynamicsLogistics and industrial sector assets, sought-after by almost every institutional investor stays atop the shopping list of most in 2022, albeit recording lower investment volumes due a lack of available product. Demand is propelled by almost zero vacancy across the region which is driving rental growth in all geographies. Yields compressed in Czechia and Slovakia, remained stable in Poland and Romania, and actually moved out in Hungary). Liquidity remains very strong and Romania and Hungary look particularly attractive today in terms of both yield and rental rate.On the office market, only Romania reported yield compression y-o-y. Major institutional investors have narrowed their investment criteria as a direct result the current cost of debt and the focus on ESG, leaving space for shrewd buyers to pick-up an existing office asset at very attractive pricing. The growth in construction costs over the past years means many existing buildings are trading at or below the cost of replacement; and rental growth is forecast over the coming 12 months in most CEE office markets. Avison Young experts estimate, that these two factors offer landlords’ of existing assets a huge competitive advantage and improved returns over a new-build project when setting rental rates and leasing strategies.In the retail sector, convenience schemes still dominate the retail investment market in Poland and investors have confidence in small retail parks. In Hungary, there was robust activity, and on the back of a large portfolio transaction the retail sector represented 35% of total investment volume. Investors should look towards discounters for strong performance today; when we all feel the inflation pinch the general demographic will curb unnecessary purchases and be more prudent on those that are necessary. Therefore, discounters and all those in their supply chain will typically benefit during high inflation. This means supermarkets, selected e-commerce platforms, and their supply chains. Hungary, Romania and Polska all offer very generous yields in this recession-resilient sector.The residential segment in the CEE region is still heating up despite rising interest rates. A growing number of institutional investors view this segment as a safe bet as we enter a macroeconomic slowdown. Increased mortgage rates force a portion of the demographic to rent, driving demand for rental properties and in turn, rental rates. Many residential developers have created a second pillar of their business by keeping some projects on their books, creating special residential funds or forward selling to institutional investors.About Avison YoungAvison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. Headquartered in Toronto, Canada, Avison Young is a collaborative firm owned and operated by its principals. In the Polish commercial real estate market, Avison Young is present since 2017, providing professional consultancy services such as investment advisory, valuation consultancy, technical advisory and project management.
Fire Commander and MythBusters: The Game are out now on GOG.com  with a Movie Games Publisher Sale

Become a Mythbuster on PC! Mythbusters: The Game premieres now on Steam

Finance Press Release Finance Press Release 02.09.2022 12:35
Watch the Launch Trailer 1 September 2022 – Become a Mythbuster yourself! Movie Games is proud to announce the official release of Mythbusters: The Game, a first-person simulator adapting the famous Discovery show Mythbusters. The game is available on Steam for $12.99/€10.79/£10.29 with a 15% launch discount. Mythbusters: The Game is a first-person creative simulator based on the legendary Discovery show. It's a combination of a first-person immersive simulator with resource management and puzzle-solving. Learn how to run crazy experiments and manage the production of episodes. Take the first steps to become a Mythbuster! See more on Steam   The official adaptation of the legendary Discovery show will let you become a Mythbuster yourself. It's a combination of a first-person immersive simulator with resource management and puzzle-solving. In this game, you can explore the Mythbusters Workshop, visit testing grounds and perform five crazy experiments to confirm or bust them. Learn step by step how to set up your experiments. Collect necessary resources, build the equipment, check-in with your trusty journal and make an episode to earn money for your next experiments! Warning: Each experiment may cause a serious case of fun! Mythbusters: The Game is available Steam as of September 1, 2022 for $12.99/€10.79/£10.29 with a 15% launch discount. In the game you will: Confirm or bust the craziest real-life myths! Solve puzzles in the Blueprint Zone to work out the mechanics of each myth Collect the materials for experiments and craft the equipment to use Bring the experiment to life by setting it up and testing it out
Cyberpunk: Edgerunners Premiere Date & New Trailer Revealed!

Cyberpunk: Edgerunners Premiere Date & New Trailer Revealed!

Finance Press Release Finance Press Release 31.08.2022 11:03
CD PROJEKT RED, the video game development studio behind The Witcher series of games and Cyberpunk 2077, announced the premiere date of their first-ever anime series Cyberpunk: Edgerunners.  The show, created in collaboration with Studio Trigger, will debut on Netflix on September 13th. All 10 episodes of the standalone series will premiere at the same time. Alongside the announcement of the official release date comes a bloody and high-octane trailer — intended for mature audiences only. WATCH THE NSFW TRAILER     In addition to the latest trailer, CD PROJEKT RED has also released a brand-new poster featuring one of the key characters of the series — the brilliant Lucy, a skilled netrunner and an important member of Maine's mercenary crew. Despite her highly sought-after technical abilities, she wants nothing more than to escape Night City and her dangerous past.     Cyberpunk: Edgerunners tells the story of David Martinez, a street kid trying to survive in a technology and body modification-obsessed city of the future. In the aftermath of a personal tragedy, David decides to take control of his own destiny by becoming an edgerunner — a mercenary outlaw also known as a cyberpunk.    The acclaimed Japanese animation company Studio Trigger collaborated with CD PROJEKT RED to bring the story to life, with Hiroyuki Imaishi (Gurren Lagann, Kill la Kill, Promare) directing the show. Yoh Yoshinari (Little Witch Academia, BNA: Brand New Animal) is the chief character designer as well as executive animation director. Masahiko Otsuka (Star Wars: Visions 'The Elder') and Yoshiki Usa (GRIDMAN UNIVERSE series) wrote the screenplay based on the story provided by CD PROJEKT RED. T​​he original score is composed by Akira Yamaoka (Silent Hill series). Learn more about the series and sign up for the Edgerunners newsletter on the official website. Those interested can keep up-to-date on new information through the series' Twitter, Facebook, and Instagram accounts. Source: CD PROJEKT
SAVILLS AND ORPEA OFFER PRIME SITES IN MAJOR POLISH CITIES

SAVILLS AND ORPEA OFFER PRIME SITES IN MAJOR POLISH CITIES

Finance Press Release Finance Press Release 25.08.2022 15:33
Following a change to its investment model, the ORPEA Group - the European market leader in long-term care and rehabilitation - has decided to restructure its project portfolio in the largest Polish cities, which was built for its planned expansion. According to real estate advisory firm Savills, which has been instructed to search for investors, the portfolio comprises some of the most attractive development sites available in Poland. “The decision to restructure our portfolio follows the change to the financial strategy of the ORPEA Group and will not affect our Care Homes and Rehabilitation Clinics in Poland. Their residents and patients may feel assured that we will continue to provide the highest service quality to best respond to the needs and requirements of the people we help every day,” says Beata LeszczyÅ„ska, President of ORPEA Polska. Six projects at various development stages will be marketed - from sites with building permits through to senior housing facilities under construction. They are located in Warsaw, Gdansk, PoznaÅ„, Krakow, Łódź and Konstancin-Jeziorna. The central locations and zoning status of most of them also allow for developing PRS, office or PBSA projects. “The development projects, which the ORPEA Groups has decided to market, are in prime locations. We have teamed up with the owner to look for investors interested in purchasing both the entire portfolio and single assets. The plots were acquired for senior housing projects with a potential of up 1,000 beds, but they also allow for other commercial uses, including residential. Valid building permits are an additional advantage as they can significantly expedite the development process,” says Jacek KaÅ‚użny, Associate Director, Residential Capital Markets, Savills Poland. Savills, an adviser to ORPEA Polska on the process, has a strong track record in alternative real estate including PRS, PBSA and senior housing. -ends- For further information, please contact: Jan Zaworski, Savills Press Office Tel: +48 666 363 302 Marcin Steinborn, Savills Press Office Tel: +48 504 622 772 Founded in the UK in 1855, Savills is one of the world's leading property agents with 600 offices across the Americas, Europe, Asia Pacific, Africa and the Middle East offering a broad range of specialist advisory, management and transactional services. Should you not wish to receive Savills press releases, please email us at: kontakt.rodo@savills.pl. Click here for our Privacy Policy.
The CryptoVerse Expo # 2 Poland will be held on September 9 at the Kinoteka in Warsaw

The CryptoVerse Expo # 2 Poland will be held on September 9 at the Kinoteka in Warsaw

Finance Press Release Finance Press Release 22.08.2022 18:34
On September 9, 2022, the second edition of the CryptoVerse Expo will take place at the Palace of Culture and Science (PKiN) in Warsaw. The event will bring together experts, enthusiasts and influencers, as well as representatives of projects related to the world of blockchain. During the event, participants will attend lectures and debates and meet with experts from the digital asset industry. CryptoVerse Expo #2 Poland CryptoVerse Expo is a conference, fair, and after party, during which each participant will have the opportunity to meet the most important representatives of both the Polish and foreign blockchain industry. It is also an opportunity to establish contacts and gain invaluable knowledge from experts, project developers, and industry enthusiasts. This edition will be an international event during which one of the lecture halls in Warsaw's Kinoteka will be reserved just for lectures in English. The success of the previous edition and the people's interest in the upcoming event allows assuming that over 3000 people can take part in the September edition. The experience gained so far from the previous edition of CryptoVerse has shown great interest on the part of exhibitors and projects from the blockchain industry. The community showed commitment and popularized the event, which gives us the basis to conduct this event periodically. We are proud to put Warsaw on the map of global crypto events. #CRYPTO #METAVERSE #BLOCKCHAIN #WEB3 #NFT The September edition of the CryptoVerse Expo will be even more unique thanks to the Startup Pitching Contest for blockchain projects. The event will be crowned with the After Party for all participants, where you can meet people from the industry in a relaxed atmosphere. Registration for the event is possible at the official website www.cryptoverseexpo.com. Right now, you can reserve your seat at CryptoVerse Expo for free. See you on September 9 in Warsaw!  
Walter Herz: Emilia Legierska has been appointed as a new director

Walter Herz: Emilia Legierska has been appointed as a new director

Finance Press Release Finance Press Release 22.08.2022 12:32
Emilia Legierska has taken the position of Transaction Director at Walter Herz. She will manage the company's branch in Cracow and will be involved in the development of consulting services in the south of Poland Emilia will oversee the company's operations in the regional markets in the southern part of the country. She will be responsible for developing and building relationships with clients, and expanding the team of advisors at the Walter Herz branch in Cracow. In addition, her new role will include participating in the company's key projects and supporting the implementation of processes with her knowledge and experience. Emilia Legierska joined Walter Herz in 2016. She has many years of experience in working with entities from the commercial real estate market across Poland. Emilia specializes in comprehensive consulting provided for tenants, developers and owners of commercial space, as well as investor services in the regions. She consistently developed her professional career, starting from junior positions, developing skills through subsequent promotions, including the position of Regional Markets Coordinator, which she took up two years ago, to the director level. She has advised companies from the IT and e-commerce sectors, as well as state-owned companies and state administration institutions operating across the country. She worked, among others for RTB House, NFZ, E.ON, Smeg. Emilia also participated in projects related to comprehensive consulting for brands such as InPost, Xceedance Consulting, Saba Software, Polska Press, zooplus, Andersen and Pragmatic Coders. - Working for Walter Herz for almost 7 years, has given me the opportunity to develop and gain knowledge about the commercial real estate market in Poland. I am grateful for the freedom of action that the company gives me and for the influence on the direction of the organization's development. I am glad that I will still be able to participate in building the company's structures and developing the client portfolio, working in such a great team and atmosphere - says Emilia Legierska, Transaction Director at Walter Herz. - Emilia’s comprehensive knowledge of the real estate market and professionalism in working with clients truly stands out. She has extensive analytical skills, which are priceless in investment consulting and implementation of complex processes that connect, among others, financial and legal negotiations, as well as negotiations allowing for optimization of construction costs - says Mateusz Strzelecki, Partner, Head of Tenant Representation at Walter Herz. - I am convinced that Emilia will play a leading role in creating modern models of long-term customer service and implementing solutions that will be the most optimal in the rapidly changing business conditions. It was a great pleasure for me to expand the regional Tenant Representation department of Walter Herz with leaders such as Emilia – adds Mateusz Strzelecki. Last year, Emilia Legierska was nominated by Walter Herz for Top Woman in Real Estate mentoring program. The participants are emerging real estate market talents in Poland. - Emilia's application to the program was a way to distinguish her exceptional skills and great commitment. Throughout all the years of her work in the company, she showed a great interest in development and gaining knowledge. Almost every year, she was promoted to the next position, always exceeding the goals set for her. In a short time, she managed to double the results of the Cracow branch of the company. The completed transactions and the assessment of clients with whom she is building long-term relationships, are the most evident of Emilia's skills – says Magdalena Zagrodnik, Partner, Head of HR at Walter Herz. About Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors. Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. To ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice. 
Promised Land Art Festival 2022 Reveals the Full Open Day programme!

Promised Land Art Festival 2022 Reveals the Full Open Day programme!

Finance Press Release Finance Press Release 22.08.2022 12:15
CD PROJEKT RED presents the full programme for this year's edition of Promised Land Open Day, which will take place directly after Promised Land Art Festival 2022 on September 4th in the EC1 building complex in Łódź, Poland.   Promised Land Open Day is an accompanying event to the creative-industry-professionals-oriented Promised Land Art Festival, which also returns this year to Łódź, Poland. The event will be fully offline and will take place in the EC1 building complex — a former power station, modernized and now serving as a center for culture and science. A host of attractions awaits Open Day participants, including panels and lectures from industry professionals and invited guests as they share their experiences of having worked on some of the biggest video games, films, animations, and other pieces of popular culture — as well as a discussion panel from mentees who took part in CD PROJEKT RED and Perspektywy Education Foundation's Girls in the Game! initiative. Renowned comic book artist Grzegorz RosiÅ„ski has also confirmed his presence. Participants will have the chance to meet the artist and watch his process during live illustration sessions. Other attractions include portfolio reviews hosted by veteran artists, an excellent opportunity to glean ideas about further artistic development within the industry. Recruiters from the game development sector will also be available to discuss beginning a career in the industry, while Promised Land's technological partners will host presentations of the latest technology powering the creative industry.  Discover the full Open Day Promised Land programme here.     Open Day tickets are available at the price of 30 PLN. Anyone wishing to participate in the event can buy them through the dedicated page. Promised Land Art Festival ticket owners will be able to visit Open Day at no extra charge. While some content may be available in English, Open Day and its attractions will mostly be presented in Polish.   Promised Land Open Day and Promised Land Art Festival are organized by CD PROJEKT RED in collaboration with the city of Łódź, Poland and EC1 Łódź — City of Culture. This year's media partner is Polsat Games.    More information about the festival and Open Day can be found on the event's official website.   Source: CD PROJEKT
Crimerunner will parkour into your PC in 2024! Watch the announcement trailer

Crimerunner will parkour into your PC in 2024! Watch the announcement trailer

Finance Press Release Finance Press Release 18.08.2022 13:09
Crimerunner - Announcement Trailer 17 August 2022 – Crimerunner, a new first-person action game from True Games Syndicate and Movie Games, parkours into Steam with an announcement trailer. A criminal will rise on PC in 2024. The 1980s were a different time.You didn't have smartphones or GPS.Dirty jobs were much more... dirty.SEE THE GAME ON STEAMI was fast and silent. Just what the big fish needed in this town. A perfect courier.I had to gain their trust. Make money. Climb to the top. But I needed to watch out. The first failed job could be my last.   There were three main gangs in the city. Each was a master of its craft. Car theft. Burglary. Drug dealing.My choices, the jobs I took, would bind me to one of the factions. But I liked to keep my options open. Nothing stood in the way of climbing the ranks of all three. Or so I thought.     Don't you judge me, pal. Living in this city was not easy at all. You wanted to survive, you had to run jobs and increase your standing within the gangs.As my reputation grew, so did the prestige of the jobs. Bigger houses to break into. More difficult parts to steal from cars. Harder drugs to smuggle. All that in the shadows of the night.     Who would've thought the cops would be so vigilant? Patrolling the streets. Actively looking for you if you screwed up.High standing with any of the gangs could save your arse if you got caught but reputation was very easy to lose... So it was best to not get caught at all.I was quicker, smaller, I could get away for sure. I always needed to be one step ahead. Play my story. An Idea Evolved Crimerunner is a newly announced title, but it evolved from Gangster Simulator, which was announced some time ago. Why the name change? At first Gangster Simulator was a typical first-person sim. Pretty much a part of the larger crowd. Now that we've added more dynamic action with parkour and stealth – it became its own, new thing. More focused. More thrilling. More fun. With these additions, Crimerunner was born.So prove your worth and climb to the top... Parkour style! The game is coming to PC in 2024. For more information follow our Steam and social media.  Check the Steam Page Features: Do quests and earn reputation points with all gangs Hide in the shadows and avoid being detected by the police Use the verticality of the terrain and parkour around the city Play lockpicking minigames with either a lockpick or a crowbar Gain access to and decorate your own hideout
Promised Land Art Festival 2022 Reveals the Full Open Day programme!

Promised Land Art Festival 2022 Programme Rolls Out!

Finance Press Release Finance Press Release 12.08.2022 14:44
CD PROJEKT RED today unveiled the programme for the upcoming Promised Land Art Festival — set to take place from August 31st to September 3rd in the EC1 building complex in Łódź. The programme is set to grow as more speakers are announced to join the festival. This year marks the first iteration of Promised Land Art Festival since 2019, and promises to be an exciting event geared towards artists and creatives across the video game, film, music and entertainment industries. This year's programme features numerous highlights, including lectures where professionals from the fields of VFX, 3D, modeling, illustration, animation, and more, will share their knowledge. Attendees will also be able to take part in workshops throughout the event, gaining first-hand inspiration from recognized experts such as Tina Nawrocki, Jordu Schell, Anna KrzemieÅ„, Albert Szostkiewicz, Kamil Hepner, and Adam Goldstein. The programme also features live sculpting and drawing sessions.   The current programme is available to view here, and will be regularly updated with new lectures, sessions, and workshops as more speakers are announced for the event.     With Polsat Games as a media partner of the event, numerous official technology partners for Promised Land have also already been revealed, including Autodesk, IT Media, OSHEE, PCC Polska, Alterpose, Warsaw Ink, and Wacom — with more yet to be announced.    Created in collaboration between CD PROJEKT RED — developers of Cyberpunk 2077 and The Witcher series of video games — the city of Łódź, Poland, and EC1 Łódź – The City of Culture, Promised Land is a place for the exchange of knowledge and experience, for networking, and crossing the divide between the digital and the traditional arts. Following the main Promised Land festival, the additional event, Open Day, will take place on September 4th, and is directed at budding artists and creative industry enthusiasts. Open Day will host additional lectures and offer the chance for portfolio consultations with industry experts.   Anyone wishing to attend the event can purchase tickets — and find out more information about both the main festival and Open Day — on the official Promised Land website, Twitter and Instagram pages. Source: CD Projekt
Ukrainian state office opens a branch in Blue Office

Ukrainian state office opens a branch in Blue Office

Finance Press Release Finance Press Release 11.08.2022 12:00
    Document State Enterprise, based in Kiev, has opened a branch in Poland. The administrative unit, directly cooperating with the Ukrainian government, began its operations in Blue Office in Warsaw. Walter Herz represented the owner of the building in the lease process   Polish branch of Document State Enterprise has leased over 600 sq m. of office space in the Blue Office complex, located on the premises of Blue City Shopping Center at Aleje Jerozolimskie Street in Warsaw.   The institution is responsible for updating documents and issuing passports to Ukrainian citizens staying in Poland, in cooperation with the administration in Kiev. In order to streamline the process of submitting and collecting documents, the employees of the facility will provide service to customers, both in the new office, as well as external stands located near the building. Additionally, the facility will be accessible directly from the +2 level of the Blue City shopping center.   - The client wanted to quickly carry out the lease process. Document State Enterprise was looking for an open space in order to establish a branch in Poland. The layout needed to be suitable for a traditional passport office. In the selected open space, the institution planned to arrange convenient customer service stations and, among others, photo booths. Due to the nature of the business, the client wanted not only high-quality office space, but also safe, monitored parking spaces for customers- says Tomasz Medygrał, Associate Director at Walter Herz.   - We are fully satisfied with the choice of location for the branch that we have launched in Warsaw. The speedy lease process was possible thanks to the professionalism of Walter Herz advisors and the extraordinary flexibility of the landlord. In just four weeks from the beginning of the search, we managed to sign a lease agreement, including collecting and delivering documentation that adequately secures the contract. The high standard of the space and the surroundings of Blue Office, enabling direct access to a wide range of services and retail, as well as transportation means that we can offer good working conditions and high level of service - informs Liubov Chervinska, the representative of the Polish branch of Document State Enterprise.   - We are glad that another foreign entity joined the group of the Blue Office tenants. We have provided the institution with a high-quality, functional space with an above-standard height of 4.6 meters, which provides the company's employees and clients with convenient access and communication. Blue Office is an office building that guarantees optimal conditions for tenants who value comfortable and modern office space, as well as sustainable development in construction. It is with great satisfaction that we observe how our offices are gaining more and more recognition in Warsaw - says Ron Melchet from Blue Office.   The five-storey Blue Office office building is located at 179 Aleje Jerozolimskie Street in Warsaw, within the Blue City complex. The technologically advanced office building offers 32 thousand sq m. of modern space. The building provides a very friendly working environment, thanks to its location in the immediate vicinity of Blue City, one of the largest shopping centers in Warsaw. People working in Blue Office have a full range of services on site, including numerous restaurants and cafes, fitness club, cinema, medical center, shops, supermarket, banks, post office and entertainment. They can, among others, take advantage of many discounts offered as part of loyalty programs initiated by food and service establishments, as well as shops located in Blue City.   Blue Office tenants also have a special leisure zone with natural plants and a chill-out room with many interesting amenities at their disposal. The residents and guests of the building have access to a free car park and can use the bicycle infrastructure, as well as space for organizing corporate events.         About Walter Herz   Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors.   Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors.   The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. To ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.   
Hot assets in Poland: office buildings in the regional cities

Hot assets in Poland: office buildings in the regional cities

Finance Press Release Finance Press Release 10.08.2022 12:59
In the first half of 2022, demand for offices in the Polish largest regional cities was higher than in the entire 2021. Also office assets in such locations are now one of the main targets for investors It turns out that higher financing costs and changes in the business environment have not discouraged investors from investing in commercial real estate in Poland. In the first six months of 2022, investment volume reached EUR 2.9 billion, recording the third best result for H1 in the last six years. - The Polish investment market, despite the geopolitical turmoil, is doing well. It is noteworthy that it is office sector leading now, in terms of investment volume – its result of almost EUR 1.3 billion translates to 44% share in the total investment volume in H1 2022. Investors' activity in the office sector increased by 60 percent compared to last year - notes Marcin Purgal, Senior Director, Investment at Avison Young. - The beginning of the year saw several acquisitions of key office assets in the country. The second quarter brought 8 office transactions, of which 7 took place in regional cities. The largest of these are the sale of Nowy Rynek D in PoznaÅ„ to Eastnine AB, a newcomer from Sweden, MidPoint 71 in WrocÅ‚aw to Trigea Real Estate Fund, and Sky Tower, the tallest regional building and an icon of WrocÅ‚aw, purchased by Adventum Group - lists Marcin Purgal, who at the latter transaction represented the seller, Develia, as the exclusive agent. Office buildings better than warehouses One of the office sector’s best results in history, was strongly influenced by the acquisition of The Warsaw Hub by Google – the largest single transaction recorded so far in the office sector in Poland. And it was thanks to this transaction that the office segment pushed the warehouses – having dominated for the last two years among investment transactions - from the highest position on the podium. - It should be noted that 11 out of 14 office properties that changed owners in the first half of this year were located in regional cities. The majority of them were core and core + properties, purchased directly from developers, says Marcin Purgal. - Such a large interest of investors in office assets in regional cities is the result of the highly competitive offer of our market compared to Western Europe in terms of yields and the quality of buildings available. We do not notice a significant decompression of yields in Poland, they remain at a stable level, and at the same time rents in top office buildings have started to rise - adds Purgal. The supply is conducive to new investments The resistance of the Polish investment market to turbulences in the global economy, which we could have observed during the pandemic, allows us to be optimistic about the next six months. Nevertheless, further investment activity will depend on the geopolitical situation, the level of inflation or the availability of financing in the environment of changing interest rates. Investors' appetite for assets located in Poland is not weakening, which is proved by the ongoing negotiations and new products that are currently being presented on the market. At the moment, Avison Young has several sale mandates, including office properties and office portfolios whose sale process has already commenced. Poland’s office market can boast this year not only with spectacular investment transactions, but also great results in terms of demand and supply growth, especially in the regions. Which is also very positively perceived by investors. In the first half of 2022, according to Avison Young data, regional office markets grew by a total of over 300,000 sqm. According to the estimates, by the end of this year, another 200,000 sqm of modern office space are to be completed in the largest cities in the regions, mostly in Kraków and WrocÅ‚aw. A total of around 550,000 sqm are under delivery in the regions scheduled for completion by the end of 2024. Therefore, there is still a peak of new supply ahead of us, and this bodes well for further investment transactions. New office buildings out of Warsaw The largest office buildings put into use in the regions this year include, among others Global Office Park A1 and A2 (55,200 sqm) in Katowice, KTW II (40,000 sqm) in Katowice, WrocÅ‚aw's MidPoint71 (36,200 sqm), Fuzja in Łódź, buildings C and D (18,700 sqm), the Tri-City Format ( 16,000 sq m), Office Park D in Lublin (15,000 sq m) and The Park Kraków I in Krakow (11,700 sqm). In the first half of this year, the largest amount of office space was delivered in Katowice, Tri-City and Kraków. As a result, Tri-City joined the group of the largest office markets in the country, whose resources exceed 1 million sqm area each. About Avison Young Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. Headquartered in Toronto, Canada, Avison Young is a collaborative firm owned and operated by its principals. In the Polish commercial real estate market, Avison Young is present since 2017, providing professional consultancy services such as investment advisory, valuation consultancy, technical advisory and project management.
Celebrating International Beer Day with Brewpub Simulator, now coming to Steam! Take a look at the announcement trailer and wishlist the new game

Celebrating International Beer Day with Brewpub Simulator, now coming to Steam! Take a look at the announcement trailer and wishlist the new game

Finance Press Release Finance Press Release 05.08.2022 09:50
  4 August 2022 – Movie Games celebrates International Beer Day with a new game!  Brew the best craft beers in town in Brewbup Simulator from Star Drifters. The game will be available on PC. Wishlist on Steam and watch the trailer below. Visit the Steam page   Quit your day job, open a bar! Brew lagers, stouts and IPAs, and serve patrons at your own brewpub. Decorate the place, create your own brands of beer, and expand into the best joint in town. All of this in a relaxing simulator that values creativity and passion for crafting. Brewpub Simulator utilises an expansive economy system which allows the player to develop their pub. Have you ever wanted to open a pub and serve handmade beers you crafted yourself? Now you do! Give new life to an old run-down brewery you inherited from your grandfather. Decorate it how you see fit, give the bar area a unique vibe, create your own recipes, optimise the brewing process and serve your beer to the customers.   Back in the '60s, your grandfather opened his business – a small brewery. His handcrafted beers quickly became popular among the locals and the business was booming. And then, the big companies came. The small brewery was forgotten and grandpa got off the grid for years. Now it's up to you to restore the brewery to its former glory!You inherit the brewery along with its vintage equipment. As time progresses (and money allows) you can start upgrading it, moving towards the modern methods of brewing different kinds of craft beers. Experiment with various ingredients to unlock new recipes and more advanced equipment.   Design your pub and create a one-of-a-kind place. One which will attract new customers and keep the returning ones. Serve your ever-improving brews to satisfy your patrons, earning you money and reputation. Master the realistic beer crafting mechanics, keep your kegs full, and never stop growing!  Can you make a name for yourself? Brewpub Simulator is planned to release on PC in 2023. For more information follow our Steam and social media.   Visit the Steam Page  Features: Brew your dream beer! Discover new recipes, buy ingredients and unlock more advanced equipment Unlock new furniture and decorations and customise your pub Earn reputation, attract new customers and keep your returning patrons satisfied Master each step of a realistic process of brewing craft beers Play multiple minigames, including pouring beer, changing kegs, mixing ingredients, bottling beer, and more Manage your business, hire employees and keep your pub fully stocked Take on daily missions to earn more money and experience   Brewpub Simulator Developer: Star DriftersPublisher: Movie GamesGenre: simulatorTarget platforms: PCPremiere: Q1 2023Brewpub Simulator on SteamWebsiteMovie Games on TwitterMovie Games on FacebookMovie Games on Instagram About Movie Games Movie Games is a Polish game developer and publisher, listed on NewConnect, the Warsaw Stock Exchange's alternative investment market. The company was founded by game enthusiasts with experience in the financial, gaming, and media sectors. It consists of new talents and industry veterans, including Maciej MiÄ…sik, the key developer behind The Witcher, and David Jaffe, the creator of God of War, Piotr Gnyp, a longtime video game journalist and the creator of Polygamia.pl, and Tobiasz PiÄ…tkowski, one of Poland's most acclaimed art directors and comic book writers. Movie Games' portfolio includes adventure games (the Lust series) and simulators (Drug Dealer Simulator, Gas Station Simulator, MythBusters: The Game, and Alaskan Truck Simulator).  In 2021, Movie Games together with the production and post-production house Platige Image established Image Games, an indie premium developer focused on producing AA role-playing games. About Star Drifters Star Drifters is fuelled by the love of game development and the energy of the artists who create them. We turn our dreams into original games that are meaningful to our players. Star Drifters consists of experienced and passionate developers focused on one goal - to create engaging games that will remain in the players' memory for a long time. Starting from 2020, the second area of our activity is the selective incubation of independent games and teams behind them. The scope of support is individually tailored and covers areas from production, design, and positioning through financing to the sale of the final product.
EXMO crypto exchange goes global and enters the Polish market

EXMO crypto exchange goes global and enters the Polish market

Finance Press Release Finance Press Release 26.07.2022 10:11
EXMO is a Ukrainian crypto exchange with headquarters in Kyiv and London. It has been operating since 2014, making it one of the first cryptocurrency exchanges. EXMO’s team has ambitious plans for 2022: it is about to launch a staking feature and a crypto school, obtains licences to operate in the US, is actively developing in European markets, and opens new offices. EXMO exchange goes global and Poland is the first big country it expands to. About EXMO crypto exchange "At EXMO, we have always had a vision of a world where everyone owns cryptocurrency. Easy and hassle-free. From the very beginning, the platform had a convenient and uncluttered interface, which is easy for a beginner to understand; we invest a lot in a big support team that solves any customer requests 24/7; we are also currently working on the launch of a free crypto school," says EXMO CEO, Serhii Zhdanov. EXMO is listed as a top 20 exchange, according to the CryptoCompare rating. 24,000+ traders trade on EXMO every day in 156 currency pairs; the average daily trading volume is $200+ million. The exchange has its own token - EXMO Coin (EXM) and, in addition to standard trading operations, offers OTC trading, margin trading, API and a mobile app. The exchange became only the second in the world where traders can withdraw euros and dollars directly to Visa and Mastercard cards. And besides the dollar and the euro, among the fiat currencies on the exchange, there are the pound, hryvnia, tenge and, of course, the Polish zloty. Paired with the zloty, you can already trade bitcoin, ether and USDT, but the list of pairs will be continuously expanded. The company didn’t only virtually expand its activity in Poland but opened a new office in Krakow and moved part of the team there, as well as hired new Polish employees. Also, EXMO established social media in Polish, where you can constantly read the latest crypto-related news and company updates. The company took the expansion of geography so seriously that it carried out a complete rebranding before that. And I want to tell you more about it. EXMO rebranding "According to statistics, about 13% of the population of Ukraine invests in cryptocurrency, while in Poland, the number is no more than 3%. The task of the team is not only to declare itself in new markets but also to popularise cryptocurrency in general.” - says Lyudmila Kryvko, CMO at EXMO. Most people still think cryptocurrency is complicated, and to understand what it is all about, you at least require an advanced degree and a year of experience. The truth is that digital assets are no more complex than the dollar. They gradually enter everyday life like ordinary money and anyone can easily understand and use them. One of the reasons why cryptocurrencies seem inaccessible is that all crypto-related companies usually visualise them as something very technological complex, cold and unattainable. You can try to explain with words that crypto is affordable, easy and even fun, but still, too many people hesitate to invest in crypto. It's time to change this: effective communication, friendly design and warm tones should all work together. This is how the request for a total renewal of the EXMO brand arose. Uncreepy crypto Say hello to the “Uncreepy crypto” concept. The platform's new design represents simplicity, humanity and ease of entering the crypto world. Uncreepy crypto is precisely about the fact that crypto is for everyone and about everyone. Crypto is fun and an exciting journey, not some obscure geek fiction. Such a reputation is outdated because there are numerous convenient payment methods, wallets and exchanges that make entering the crypto super easy. It is worth diving into the topic a little to understand it quickly. The entire visual component of EXMO has completely changed, from the signature colours to the finest design elements. Easily readable visible images appear as if they're hand-drawn. Such illustrations symbolise the ease of buying and using cryptocurrency. Anyone can draw such a picture, and similarly, anyone can master crypto. Nothing complicated, just try! And most importantly, the logo has changed. The wavy letter “M” represents cryptocurrency charts and also signifies the spring that gives impetus to entry into the world of digital assets. You can check the new logo and the updated style everywhere: on the EXMO website, while using the EXMO app and on social media. What’s next EXMO implemented the new design on 25th July 2022, and soon we will be able to provide feedback on the first reviews and results of the rebranding. This is definitely one of the few cases of implementing an unusual design among finance-related companies, and the result will be interesting to observe. You often hear that cryptocurrency is the future. In fact, this future has already arrived, and it seems to be important to demonstrate the ease of crypto for all people, erasing the psychological barrier. That is why it would be great if more crypto companies changed their positioning to a lighter and more human one instead of a complex technological one.
Fresh, revamped Food Truck Simulator Demo

Fresh, revamped Food Truck Simulator Demo

Finance Press Release Finance Press Release 26.07.2022 09:26
Civitatem - Release Date Trailer July 25, 2022 - Movie Games is pleased to announce that the revamped Food Truck Simulator demo will be available on Wednesday, July 27. The game was developed by DRAGO Entertainment, the team behind the smash hit 2021 Gas Station Simulator. The renewed demo will be publicly available on Steam from July 27, 2022 at 19:00 CET.    In Food Truck Simulator, you renovate, equip and restore the shine of the food truck that belonged to your father. Create recipes, cook the food and serve customers across an entire city. Customize and upgrade your food truck to reach more customers and expand your menu.    Customers can be impatient and needy. You'll find that you don't have all that much time to get them what they want and fit their palate as well.As your prestige grows, so does your repertoire of tricks and tools. Stay up to date with your fame as you follow your in father's footsteps.The game was created by DRAGO entertainment, whose indie title Gas Station Simulator topped Steam charts upon its September 2021 release, and sold already more than 500,000 units.  Check the Steam Page   In the renewed Food Truck Simulator demo, you will be able to try out improved elements such as: cutting rework tool wheel bigger map with new locations (locked for demo) added mini-map instead of the compass and improved the main map locked future features performance polished city cleaning mechanic expanded appearance feature (cleaning related) truck movement improved gas stations in the city (fuelling and fast travel locked in demo) new upgrades for truck and some changes with customization/upgrades tabs new voice actress for Clara Additional content can also be expected during the Playtest starting on August 10, 2022. The game's premiere will be available on Steam on September 14, 2022.  Full Game Features Renovating and expanding a food truck. Wide range of customization options. Large catalogue of equipment options to choose from. Create your own recipes. Driving with traffic system. Detailed cooking system. Different locations across an entire city with different types of customers. Various events. Living city with dynamic day and night cycle. The renewed demo for Food Truck Simulator will be available on Steam from the 27th of July 2022.
Robo Revenge Squad, a co-op arcade shooter, is coming to Switch and Xbox on 17 August

Robo Revenge Squad, a co-op arcade shooter, is coming to Switch and Xbox on 17 August

Finance Press Release Finance Press Release 21.07.2022 12:48
Robo Revenge Squad – Release Date Trailer 20 July 2022 – Greetings, humans! Mill Games, a publisher from the Movie Games group, and Rikodu have announced that Robo Revenge Squad will make a tactical drop on the Nintendo Switch and Xbox on 17 August 2022. Wishlist now and get ready to protect the Earth from evil machines in this 1-4 player arcade shooter. The game will launch for $20.00 / €20.00 and £17.99, a launch discount is also planned.  See the Nintendo of American store pageorSee the Nintendo of Europe store pageorSee the Xbox Store Page  For more screenshots and a downloadable trailer, see our Press Pack. They came to take over the Earth. All they're gonna get is a whooping! Everything is a weapon! Fight alien machines using Robos made of everyday objects: fridges, disco balls, baseball bats, and more. Go into action alone or join forces with friends. The game support 1-4 player modes. Kick metal butts! Sounds easy? There are big bad aliens along the way, and their bigger, badder bosses. There are puzzles and special objectives, from cranking carts to demolishing doom towers. And you also have to evacuate! Meet a worthy challenge in mission-based campaigns that end with boss encounters. Find your playstyle! Do you prefer melee or ranged combat? Will you rely on basic attacks or special moves? Are you a defensive player, or a Leeroy Jenkins? Decide and jump straight into the action. Level up and unlock TONS of new gadgets, from weapons to special devices to cosmetics. Make your Robo yours, and only yours.    TL;DR: Just. Have. Fun!
Star Strikers: Galactic Soccer will bring couch and online arcade fun to PC

Star Strikers: Galactic Soccer will bring couch and online arcade fun to PC

Finance Press Release Finance Press Release 20.07.2022 10:14
Star Strikers: Galactic Soccer - Announcement Trailer 19 July 2022 - Star Strikers: Galactic Soccer, a hand-drawn 2D football set in spaaaaace, will bring couch & online arcade fun to PC! Face teams from all over the universe in a tournament to decide the fate of Earth. This fast-paced game for 1-2 players is coming to Steam in 2023. Developed by Goat Gamez and Lunic Games, published by Movie Games.  Visit the game's Steam page or Join Movie Games Twitter or Discord Lead your team in a tournament where the prize is the future of your own planet! 8 best players from 8 different worlds. Each with different powers. Each with their own team of robo players. Which one will you become? Lead a team as an electrifying techno-cat. Face hot-blooded Vikings from an ice planet. Team up with the mighty molluscs of the Space Ocean. Or play defence with a four-handed goalie. Find the best captain for your tactics!   Discover Star Powers and enjoy the incredible spectacle that ensues. Learn how to use them to your advantage, and dominate the field. Every character is available in two versions: Light and Dark. Each comes with different Star Powers and leads to a different ending. Compete in the galactic tournament against the A.I. or invite a friend! Play multiplayer locally or online in exciting 1vs1 matches. Check out the Randomizer Mode for extra modifiers that will spice up your experience. Features Thrilling, lightning-fast matches of galactic soccer Single-player and local & online multiplayer modes Tournament mode with a story of epic proportions Randomizer Mode with surprising game modifiers 8 unique captains, each in Light and Dark version 16 Star Power abilities for tactical use Beautiful hand-drawn visuals Star Strikers: Galactic Soccer is coming to PC in 2023. Wishlist now on Steam.
Time for PRS

Time for PRS

Finance Press Release Finance Press Release 13.07.2022 12:45
Renting instead of owning? What will be the future of the residential market in Poland? The resources of the PRS sector in Poland are growing. Last year, almost one in five apartments was built for institutional lease, which also had a significant impact on developers' results. According to Walter Herz, in 2021, the value of investing in portfolios of real estate for rent in our country, amounted to approximately EUR 725 million. There are already almost 8 thousand units on the Polish market offered in the PRS segment and another several tens of thousands of apartments under construction. This year, the residential market entered the process of accelerated transformation. It happened due to, among others, the increase of interest rates and the amendment to S recommendation of the Polish Financial Supervision Authority, which drastically reduced the credit scores of apartment buyers and seriously limited their share in the structure of developer sales. On one hand, as the buyers are cut off from mortgages, the prospects for the rental market seem to be greater than ever before. On the other hand, however, investors talk about high uncertainty related to geopolitics and the conflict behind our eastern border, as well as rising inflation and costs of implementing and financing investments. Still, they are not withdrawing from the PRS market, but withholding decisions and watching as the situation develops. More and more negotiations between the funds and developers At the beginning of this year, the offers of foreign funds that invest with us in the PRS sector and wanted to enter into cooperation with developers were often not very attractive for the companies. The reason was very high demand from individual buyers and the higher margins that could be obtained from these sales. Now, when flats are selling much slower, the investors' offer gives developers the opportunity to maintain production, get revenues and obtain a faster return on capital. So they initiate contact with funds themselves. Today, however, they need deeper analysis and more time to make a decision. It is because the expansion of portfolios of apartments for rent in Poland is possible only through contracting premises in buildings that are yet to be built. Meanwhile, the number of launched construction projects started to drop. Companies suspend new projects because they have great difficulty planning investment budgets. - In the current situation, funds investing in the PRS sector in portfolios of real estate for rent may turn out to be a great support for the primary housing market in our country. Expanding cooperation with them is currently an optimal solution for real estate development companies, allowing them to develop their business, even at the cost of a lower margin - says Katarzyna Tencza, Associate Director Investment & Hospitality at Walter Herz. - Many residential real estate developers and even the companies operating in the commercial sector, such as Cavatina, plan to enter the PRS market. The sector is fragmented, some companies are willing to negotiate with funds, and some are waiting for the situation to stabilize. However, investors’ interest is still very high. This is evidenced, for example, by the recently concluded large investment transactions, as well as Hines and Kajima companies announcing to enter our PRS market. They are planning their first investments in the second half of this year – adds Katarzyna Tencza. New provisions in the contracts Katarzyna Tencza claims that the funds are now even starting to return to the analysis of projects for which negotiations were previously suspended. Various models of cooperation are discussed, which is related to sharing of the investment risk. - High inflation makes it difficult to estimate the costs of project implementation and financing in the next few years, and thus to maintain an optimal return on investment. So far, in the case of most contracts, funds have preferred fixed prices of the ordered apartments and did not participate in the risk of rising costs. Currently, in order to be able to define the price more precisely, first of all, it is necessary to postpone the talks until receiving the building permit for the project. Moreover, the parties consider the introduction of indexation clauses to investment agreements. In this way, developers want to protect themselves against rising prices of building materials and workmanship – notes Katarzyna Tencza. The rising interest rates are creating an incredible opportunity for our rental market today. We are observing an unprecedented demand for renting apartments, also generated by the influx of refugees from Ukraine, as well as Belarus and Russia. There is a great interest in renting from companies transferring their employees to our country along with their families, for whom they provide accommodation. This means that even premises with longer delivery dates offered in institutional rent are contracted at an express pace, unopposed to charging fees in euro. This form of lease is more convenient for companies than renting from the individual owners. As part of the subscription, the tenant may require a specific standard of the apartment, a transparent contract, quick service in case something breaks down, and a package including, among others, Internet, equipment, rent management app and a dedicated account manager, or the possibility of changing the premises altogether. Bigger opportunities for the development of the PRS sector Experts expect a further increase in rental rates in Poland, which gives even greater prospects for the development of the PRS sector. Especially because real estate in our country is still very well priced compared to the Western markets. According to Walter Herz, capitalization rates in the PRS sector for prime properties in Warsaw this year amounted to 4.70 per cent. - The change in investment directions on the real estate market is also associated with the expansion of the Walter Herz Land Development department, which is dedicated to servicing new projects. We offer services to developers and investors operating also in the residential segment. We conduct analysis, secure the land and prepare it for development. We provide project support from the formal, technical and administrative side, including we obtaining building permits, zoning approval and environmental permits – says Katarzyna Tencza. The number of building permits issued remains high on our market. However, we will see soon how many of them will actually be used. Developers will probably strongly adapt the new offer to the market needs and design flats differently. Compact premises that provide a relatively large number of rooms in a small area are becoming popular again. There is also an opportunity for developers related to transforming real estate function. Hence, the assumptions of the project have been prepared, enabling the changes in the functions of the real estate and the conversion of office and commercial buildings into residential buildings, which is to help increase the number of housing. This may prove to be a significant facilitation for investors, because thanks to the act it will be possible to use land with poorly performing office buildings and large-scale shopping centers in residential estates. The probability of implementing this type of investment increases, if we take into account the relatively low risk of cost estimation in such projects. In the near future, we will also find out what market interest will be generated with the government program ‘Apartment without the downpayment’. Everything will depend on whether it will enable individuals, who do not have savings for the downpayment, to take out a low–interest loan. The developers believe, however, that the program's impact on the market will be negligible for many reasons. About Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors. Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. To ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice. 
Celebrating International Beer Day with Brewpub Simulator, now coming to Steam! Take a look at the announcement trailer and wishlist the new game

Hear ye, hear ye! Civitatem, a medieval city-builder, will see the light of the day in the month of August

Finance Press Release Finance Press Release 12.07.2022 08:16
Civitatem - Release Date Trailer 11 July 2022 – What ho! Mill Games and LW Games are delighted to announce that Civitatem, a medieval city-builder, will commence on Steam on 1 August 2022 at $12.99 / £10.29 / €12.99 with a 10% launch discount. The game commeth to PC. Set your eyes on the announcement trailer.  Civitatem is a medieval city builder where you help your villagers raise a new settlement in dangerous lands, by making use of their skills and available world resources. Shape the future of your people by managing and assigning the most skilled villager for each task. Research new technologies.  Fight off the natural elements or raiders.  Explore the land for new villages to develop new trade routes.  Acquire new technologies and develop diplomatic relations.   The most important resource is your villagers, each specialized in some areas, gaining experience each time they perform a task.Educate them in schools and libraries to allow them to perform more complex tasks and jobs. Besides education, the health of your people is imperative, so herbalists and doctors are also quite important. Nature has always had her way since the beginning of time, so be prepared each season to face storms, disease, quakes and other events. Gaining high education, technology and constructing a strong settlement will help you survive in these troublesome times. Still, you have to be prepared to defend your village from raiders, wild animals and unfriendly neighbors.Kick up your heels and play! For more information follow our Steam and social media.  Check the Steam Page   Features: Procedural Maps – Territory Maps and Land maps are procedurally generated along with the resources. Villager Needs – Each villager has a certain number of needs for him to survive. Not fulfilling his needs like having access to food, shelter and water, might lead to the villager's death or him and his family departing your lands. Dynamic Events – Every season is a challenge. From a chance to being raided by some greedy raiders, getting attacked by wildlife or experiencing a natural disaster, there is no time to relax, unless you are prepared. Not all events are negative. There are also positive events that might help your village grow faster. Seasons, Day and Night cycle and Weather – Seasons are important due to weather, temperature and times to harvest and plant crops. Research System – By educating and acquiring books for your people you can develop new technologies ranging from military to farming and architecture. Some technologies will be unlocked only when you perform certain actions. Territory Exploration and Trade – Besides your territory, you can send scouts to search the land for other villages and points of interest with which you can interact, providing rewards ranging from acquiring new books for your research. Trade with other villages for books or other goods. Advanced Crafting – Having the best armors, weapons and tools is the route to success in these dangerous lands. Combat and Diplomacy – Defend your territory against raiders and aggressive neighbors, and later even attack back. Develop trade treaties or other diplomatic relations.
UAB Walletto provides a wide range of exclusive and the most innovative programs for issuing and acquiring payments

UAB Walletto provides a wide range of exclusive and the most innovative programs for issuing and acquiring payments

Finance Press Release Finance Press Release 08.07.2022 11:18
UAB Walletto financial services provider officially registered in Lithuania, which also has the status of a Principal member of the Visa and Mastercard as an Issuer and an Acquirer, continues to develop a wide range of advanced programs to issue and acquire payment cards. It is worth noting that Walletto focuses primarily on the B2B segment, thus the company is actively introducing new products, improving existing services, and implementing innovative banking solutions for its customers. As of today, the company offers its customers a wide range of exclusive and the most innovative programs for issuing and acquiring payment cards and payments (SEPA, SEPA mass payment, SWIFT). "BIN sponsorship of Walletto is the most popular way to launch White Label payment card programs with licensed financial institutions. We offer a fully certified and secure solution that is fully compliant with all requirements of both the payment card issuer and the payment processor. It is also worth noting that all Visa cards issued by Walletto support Google Pay and Apple Pay payments," said the Chairman of the Supervisory Board of Walletto Edgars Lasmanis. Representatives of the company remind the audience that the Walletto card issuance platform provides a comprehensive approach to setting up and managing all cards with the highest level of security. Edgars Lasmanis has 20 years of experience in the financial sector. He has also worked in senior positions in various European banks specializing in private banking and acquiring services. The Walletto Company was founded in 2017, then the management of the company received an electronic money license in Lithuania. The head office of the financial institution is located in Vilnius. Walletto has also received a Principal membership in Visa and Mastercard and became a member of STEP2 and SWIFT systems. Walletto provides services in the following areas: - Issuing (BIN sponsorship, co-branded cards, White Label card programs, Visa and Mastercard cards available) - Acquiring (acceptance of payments made with Visa and Mastercard cards) - Payments (IBAN account opening, SEPA, SEPA mass payment, and SWIFT) Furthermore, the turnover of the company in 2021 is 19.6 million euros, which is 40% more than in 2020. Currently, 70 employees are working in the company.
There is a battle for investments in Europe. Do we have a chance to win?

There is a battle for investments in Europe. Do we have a chance to win?

Finance Press Release Finance Press Release 07.07.2022 17:37
  Poland has every chance to become the largest beneficiary of the global economic transformation in Europe. We are more cost-effective than Western countries, we have good transport infrastructure and storage facilities, as well as educated staff. The upcoming months will show whether the largest global companies will transfer their production to our market on an even larger scale than before. Disruptions in supply chains related to lockdowns in Asia and the Suez Canal obstruction, which generated serious delays in deliveries and an unprecedented increase in the costs of international transport made investors realize that the need for a change is clear. Last year, thanks to the trend related to the allocation of production closer to the place of sale and the return of companies to locating operations in the country of origin, we gained a lot. In the field of direct foreign investments in the EU, only Germany and Sweden were ahead of us in 2021, although in 2019 we were winning in this respect with our western neighbors. However, we have already outdone Hungary and Romania, which we competed with not so long ago. Record value of foreign direct investment In 2021, according to Polish Economic Institute, Poland saw a record high value of foreign direct investment (FDI), ranking 14th in the world. USD 24.8 billion has been invested in our country, while in 2020 - USD 13.8 billion, and in 2019 - USD 13.5 billion. Investors from the BSS (IT + SSC) business services sector, research and development, the automotive, medical and electronic industries as well as companies from the electromobility sector have focused on the Polish market. - We have strong assets to gain primacy on the continent and take advantage of the global economy reshuffle. We can take advantage of the weakening position of Asia as the main global investment recipient as a result of the friction between the USA and China, and the trend of shortening supply chains and moving production and services to Europe - informs BartÅ‚omiej Zagrodnik, Managing Partner /CEO of Walter Herz. - 2021 has already brought European industry an increase in investment by one third y-o-y. For example, Poland is a European leader in the production of household appliances, and Chinese giants in this industry, as well as Korean manufacturers who already have factories in our country, are considering a serious expansion of their production on the Polish market – adds BartÅ‚omiej Zagrodnik. Unfortunately, this year the business climate and investment environment deteriorated. Apart from the war in Ukraine, today we have to deal with a rapid increase in prices, which is driving up inflation, therefore forcing central banks to raise interest rates and translates into higher costs of financing investments. UNCTAD is already pointing to the first symptoms of a global slowdown and a decline in the value of greenfield investments and international project financing. The fight for foreign investments will therefore be even more fierce. We have our reasoning - Our qualifications are a strong argument for investing in Poland. Young, qualified people with ambitions and a solid approach to work, who are abundant in our country, and the development potential is additionally provided to investors by professionals who move to Poland from across the eastern border. Public investment incentives, including special investment zones established throughout the country, also lure to locate business in Poland. Our advantage is also the location and modern transport infrastructure connecting the main cities of the region, as well as still favorable labor costs compared to other European countries. We should also mention a good level of GDP and the sheer size of the internal market, which is also a great incentive for investors – says Kamil Kowalewski, Senior Negotiator w Walter Herz. The good condition of our market is also confirmed by the indicators related to the lease markets. - The vacancy rate is dropping and the demand for commercial space is growing. The logistics sector is emerging on the market with record results. Warehouse investments are often carried out on a speculative basis, because there is a shortage of space, despite the rapid increase in domestic resources. Our warehouse market reinforces its position in Europe every year. In the first quarter of 2022, we delivered a quarter of the new supply of warehouse space on the continent. And the record absorption capacity of the Polish logistics market put us on the third position in Europe in terms of the amount of new demand in the first quarter of this year - informs BartÅ‚omiej Zagrodnik. Efficient logistics attracts investments The long-standing high demand for warehouse space in our country has also been boosted by the increased activity of tenants from the manufacturing industry in recent months. This encourages investors to implement further projects, despite the considerable risk associated with the rapid increase in construction and investment financing costs. According to Walter Herz data, 4.8 million sq m. of warehouse space remains under construction in Poland. Logistics real estate also spark particular interest in the investment market. After the record-breaking year for the Polish warehouse sector in 2021, in which investment transactions worth EUR 2.8 billion were concluded, the activity of investors on our market temporarily weakened due to macroeconomic turmoil and uncertainty related to the outbreak of war in Ukraine. However, business already sees the stabilization of the situation, supported by the presence of Poland in NATO and the EU structures. The advisers believe that in the long term, investors' interest in logistics facilities in our country will grow. This is evidenced by the demand for warehouses reported by the e-commerce sector, retail chains and production companies, as well as the improvement in the profitability of logistics real estate related to increases in rental rates on our market. About Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors. Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. To ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice. 
The Original Witcher Game Is Being Remade from the Ground Up!

GWENT: Rogue Mage — Single-Player & Standalone Expansion Out Now!

Finance Press Release Finance Press Release 07.07.2022 14:42
CD PROJEKT RED today announced GWENT: Rogue Mage, the first ever single-player expansion for GWENT: The Witcher Card Game, is now available! The standalone experience is now available for purchase for PC via GOG and Steam, macOS on Macs equipped with the M1 chip and above, as well as for mobile on iOS and Android. Previously known as Project Golden Nekker, GWENT: Rogue Mage is set hundreds of years before Geralt and other witchers were roaming the Continent, when the Conjunction of Spheres brought endless ranks of monsters into the world. Mankind needed a chance to fight back their onslaught to survive. Follow the footsteps of a young and ambitious mage, Alzur, and his companion, Lily, who embark on a dangerous quest to create a living weapon that will eradicate the monster threat once and for all.   Watch the GWENT: Rogue Mage launch trailer Rogue Mage's gameplay combines the best elements of roguelike, deckbuilding, and strategy games with the unique mechanics of GWENT card battles. As Alzur himself, players must make their way across a perilous land, fighting their way to reach legendary monsters and harvest precious mutagens to fuel their experiments. The challenges they'll come to face along the way will require the skillful use of powerful spells and combat resources represented by a vast arsenal of hundreds of cards. These can be further upgraded to become even stronger, as well as chained into combos for devastating results. Progressing through the adventure will offer players a chance to earn legendary treasures, unlock achievements, and climb online leaderboards, as well as customize the game's difficulty with dozens of modifiers. Learn more about GWENT: Rogue Mage Due to its extensive scope and single-player nature, Rogue Mage is distributed separately from GWENT: The Witcher Card Game. Internet connection and GWENT's multiplayer client are not required to play — the expansion can be launched fully in offline mode at any time. Players can also utilize cross-saves, allowing them to transfer their progress across all supported platforms when logged in via a GOG account.   GWENT: Rogue Mage is available for purchase right now on PC (GOG & Steam), as well as mobile (iOS & Android). Players have the option to choose from two versions, including a Deluxe version — which features the official Rogue Mage soundtrack, three alternative looks for Alzur, as well as digital goodies for use in GWENT: The Witcher Card Game on top of the expansion itself.   For more information regarding GWENT: Rogue Mage visit the official website. Source: CD Projekt
BWT Alpine F1 Team previews the 2022 Formula 1 Belgian Grand Prix

Fernando takes strong fifth place after thrilling and incident-packed British Grand Prix

Finance Press Release Finance Press Release 04.07.2022 09:17
BWT Alpine F1 Team's Fernando Alonso claimed a well fought fifth place from today's British Grand Prix in a race filled with drama from start to finish at a sold-out Silverstone. Esteban Ocon looked set to join Fernando in the points, but he was forced to retire from eighth place, 14 laps from the end with a suspected fuel pump failure.Fernando's 10 points today means the team closes the gap to fourth place in the Constructors' Championship to six points.A red flag after an incident at Turn 1 on the opening lap brought almost a one-hour delay to the scheduled 52-lap race. Esteban was caught up in the incident – involving a handful of cars including Guanyu Zhou, Alexander Albon and George Russell – with damage sustained to the front-right corner of his A522. Esteban did well to nurse the car home during the red flag period, which allowed the team to make the necessary repairs to his car during the delay. After the restart, Fernando, on Mediums, pushed ahead to put pressure on the McLaren of Lando Norris in fifth, while Esteban, on Softs, edged towards the top ten and into points-scoring contention. By lap 11, Fernando held sixth and Esteban seventh.Esteban pitted for Hards on lap 22, while Fernando remained out aiming to undercut Norris ahead. He pitted on lap 33 for Hards before Esteban's retirement with a suspected fuel pump issue on the old start-finish straight brought out the Safety Car. Fernando capitalised, pitting for Softs, leapfrogging Norris who left his stop one lap later.A seven-lap sprint to the finish between six cars and five different teams ensued with Fernando well in the mix for a podium position. After a thrilling jostle for position across a number of laps and a number of cars, Fernando settled for a deserved fifth place at the chequered flag.Esteban Ocon, started P15, DNF:"The most important thing to take out of this race is that Zhou is OK after that massive crash. It happened right in front of me, and I was lucky to avoid most of it, but then I sustained damage on the right side of the car from contact with Alex [Albon]. I have to say, the guys did an incredible job getting the car repaired and ready for the race restart, so thanks and well done to them. We did well at the restart and the pace in the car was good. A fuel pump issue on lap 38 ended our race unfortunately and we had to retire the car. All in all, it wasn't a smooth weekend with some of the car issues in Q2 and today during the race, so we'll need to look into all of this closely. It was a weekend with a lot of learning and I'm happy for the team with the solid points from Fernando today. Onto the next race in just a few days' time."Fernando Alonso, started P7, finished P5:"It was a fun race today and we are happy to finish in fifth position. I was hoping there would be some drama at the end, and we might have sneaked a podium with all of the action, but it was fun to be fighting amongst it inside the top five places. I think our final position should realistically be fourth because I saw Charles [Leclerc] weaving multiple times in front of Lewis [Hamilton] and, compared to what happened to me in Canada, I guess it's not allowed and should be a penalty. Looking back at the weekend as a whole, I think the car was very good and I felt more competitive than in any other races so far this season. We executed our race very well and showed consistent pace. I'm expecting us to keep this up and hopefully maintain our competitiveness again over the next few races. I must say congratulations to Carlos [Sainz] on his first win and, also, I'm glad Zhou is OK after his incident at the start. It shows how far safety has come in modern Formula 1 racing."Otmar Szafnauer, Team Principal: "First of all, it's good news that the drivers involved in the incident at the beginning of the race are OK. It's testament to the extraordinary safety standards and implementation in Formula 1 that everyone was OK after a quite frightening incident. From there, this afternoon, we've witnessed a quite brilliant Grand Prix, which, for Formula 1, is a great advert for the exceptional entertainment of this sport. We're very pleased with Fernando's fifth place. He drove a well measured race and credit to the team for the pit-stop under the Safety Car, which allowed him to importantly jump Lando [Norris] and fight at the front towards the end. On Esteban's side, he too was driving superbly well after sustaining damage early on in the race. The team did a great job in repairing his car and then he put himself into contention to score good points. Unfortunately, a suspected fuel pump issue forced him to retire, and we will get on top of these issues quickly in order to ensure we achieve our goals. We leave here with ten points, a strong haul, and we're looking forward to going to Austria this week ready to score double points."
CD PROJEKT RED Turns 20 Years Old!

CD PROJEKT RED Turns 20 Years Old!

Finance Press Release Finance Press Release 01.07.2022 16:15
On July 1st, 2022, CD PROJEKT RED celebrates its 20th anniversary, marking two decades since the studio entered the video game development scene and began work on the first entry into The Witcher series of games. After seeing success in the realms of video game distribution and localization, CD PROJEKT turned its attention to the development of its own game which led to the creation of CD PROJEKT RED, a video game development studio, and official announcement of that fact on July 1st, 2002. In the twenty years since, CD PROJEKT RED has become a global industry name. The Witcher series of games — highlighted by 2015's critically acclaimed The Witcher 3: Wild Hunt — has sold over 65 million copies, with development on an all new mainline The Witcher game having recently been announced, as well. Cyberpunk 2077, the studio's latest release, has also become a globally recognized franchise, spawning its own anime series Cyberpunk: Edgerunners, created in collaboration with Studio Trigger and premiering on Netflix in September 2022. Currently CDPR is also working on the expansion for the game, to be released in 2023.   Looking back on the past 20 years, Head of Studio Adam Badowski said: When we started CD PROJEKT RED, we didn't know what you can and can't do in the video game industry. We were rebels from the get-go, and we had to learn everything ourselves. That gave us the freedom to develop our games our way, and that distinct and personal approach has formed the core of our DNA — which you can see has shaped our games. These last twenty years have been exciting and fruitful for us, unpredictably so, and we are extremely proud of our achievements and the fact that we can constantly count on the support of our community. That in particular is something we all cherish here, and it is with this positivity and optimism we head into our twenty-first year and beyond.     The studio is focusing much of its anniversary celebrations around its passionate community. CD PROJEKT RED has held a close relationship with players since day one, and it is thanks to their support over the years that the studio is where it is today. Gamers have always been at the core of CDPR's work and mission statement, and the recently announced 20th anniversary celebrations are the studio's way of sharing this special occasion with its equally special community. To that end, the studio has launched its own 20th anniversary website which invites community members to share their own memories of CD PROJEKT RED and its games via photographs, screenshots, artwork — and more. Gamers can upload their memories to the Birthday Gallery, and share this momentous milestone with both the studio and community members from all around the world. Over the next few months, regular streams of CD PROJEKT RED games will be hosted on the 20th anniversary website, with studio members taking the audience on trips down memory lane every Wednesday, starting from July 6th. Visitors to the website will also be able to learn studio trivia, take part in challenges — and win prizes — and more. For more information on CD PROJEKT RED and its 20th anniversary celebrations, follow the oficial Twitter & Facebook accounts, and visit 20yearsof.cdprojektred.com. Source: CD Projekt
Tether Deploys USDT Stablecoin on Tezos Blockchain | BeInCrypto

Why buying USDT is a good idea

Finance Press Release Finance Press Release 29.06.2022 09:48
As of late, there has been a lot of talk about USDT (US dollar Tether). Some people are convinced that it is a scam, while others believe that it is a stable and reliable way to store value. In this blog post, we will take a look at what USDT is, how it works, and why buying it might be a good idea. Stay tuned! How is USDT different from USD USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S. Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be used to purchase goods and services, or traded for other assets, such as Bitcoin, Ethereum, and other altcoins. USD, on the other hand, is the currency of the United States of America and is legal tender for all debts public and private within its borders. USD is also the official currency for international organizations like the International Monetary Fund (IMF) and the United Nations (UN). The dollar is also widely accepted as a reserve currency by central banks around the world. Unlike USDT, USD cannot be traded on cryptocurrency exchanges. Instead, it can only be bought and sold through traditional fiat channels like banks or forex brokers. You can also find USD ATMs in most major cities around the world. So, in short, USDT is a stand-in for USD on crypto exchanges while USD cannot be directly traded on them. How to buy USDT If you're looking to buy USDT in Dubai or any part of the world, there are a few things you'll need to keep in mind. First, make sure you have a reliable OTC exchange like Coinsfera that offers USDT trading. There are many different exchanges to choose from, so be sure to do your research before selecting one. Once you've found a reputable exchange, you'll need to visit it and give them cash in exchange of USDT in your digital wallet. Keep in mind that the price of USDT can fluctuate quite a bit, so it's important to watch the market carefully and time your purchase accordingly. With a little bit of planning and patience, buying USDT is relatively simple and straightforward. Why buying USDT is a good idea? Here are four reasons why buying USDT is a good idea. First, USDT is backed by actual US dollars, so you can be confident that each coin is worth $1. This stability makes USDT a good choice for traders who want to avoid price fluctuations. Second, USDT is available on a variety of exchanges, so you can easily sell or buy Tether in Dubai or anywhere else for other cryptocurrencies or fiat currencies. Third, USDT transactions are very fast, so you can move your money in and out of crypto quickly. Fourth, USDT is also relatively low-cost to use. When compared to other methods of payment like wire transfers or credit cards, using USDT can save you a significant amount of money in fees. Overall, buying USDT is a good idea for crypto traders and investors who want to hedge against volatility or move their money quickly. Thanks to its stability, availability, and low costs, USDT has become one of the most traded coins in the market. The benefits of owning USDT It is an attractive option for investors who want to protect their assets from volatility. USDT can also be used to purchase goods and services online or to send money overseas. Because it is backed by the US Dollar, USDT can be converted into cash at any time. As a result, USDT provides investors with a safer way to store their wealth, and a convenient way to make purchases and send money around the world. The future of USDT and other cryptocurrencies In recent months, there has been increasing interest in USDT, and it is now one of the most widely-used coins on the market. However, some experts are predicting that USDT's days may be numbered. With the US dollar experiencing its own share of volatility, it is possible that USDT will lose its value as a stable coin. Additionally, new stablecoins are being developed that are backed by other assets such as gold or fiat currencies. It remains to be seen whether USDT will be able to maintain its position in the market in the future. However, for now, it remains one of the most popular cryptocurrencies. Final Thoughts If you're looking for a stable, reliable currency to buy in the UAE, USDT is a great option. Although its value is pegged to the US dollar, it is much less susceptible to fluctuations than other currencies. USDT is also readily available and can be easily purchased through exchanges such as Binance. Overall, buying USDT in UAE is a smart choice if you're looking for a safe and secure investment in the UAE or anywhere.
Retail parks are a top investment

Retail parks are a top investment

Finance Press Release Finance Press Release 28.06.2022 15:08
Investors and clients are focusing on local shopping centers Today, investors enter only those sectors that guarantee security, stability and see very good results regularly. In an increasingly difficult business environment, they decide to develop real estate, which nowadays is a popular asset. The most important thing is investment security. Apart from the warehouse segment, retail parks are experiencing their best period. Thanks to the local character and a solid group of tenants, the majority of which are the largest chain operators, retail parks provide investors with a stable profit. - The retail real estate sector is currently focusing on projects that respond to the needs of the local community. It is focused on the construction of smaller facilities, such as retail parks and convenience stores, located near residential complexes where the shopping traffic has been redirected. In the retail sector, we can now observe the biggest change in the investment structure – says Bartłomiej Zagrodnik, Managing Partner/CEO at Walter Herz. - The group of investors deciding to build retail parks is growing steadily, and companies specializing in this type of projects are intensifying their operations and announcing further projects in smaller towns. The biggest players are acquiring land and planning expansion. In some cases, in the five-year perspective, they want to double their investment portfolio - informs Bartłomiej Zagrodnik. According to Walter Herz data, interest in commercial real estate increased significantly last year. The volume of investment transactions in this segment reached EUR 760 million. And only the first quarter of this year has brought the retail sector transactions worth almost EUR 700 million.     Bartłomiej Zagrodnik has no doubts that investments related to the construction of retail parks are now one of the best ways to strategically expand an investment portfolio or diversify a real estate portfolio for investors. - New retail parks are gradually filling the supply gap in all regions of the country. Profitability of projects encourages investing in them. Capitalization rates are up to 7 per cent, with full security of investments, which are ensured by long-term lease agreements concluded with network companies popular on the market. The boom in this segment is noticeable, for example, in special concepts prepared for local shopping centers by brands that want show their offer in them - notes Bartłomiej Zagrodnik. The growing interest in properties from the retail sector is connected to the development of the expertise of Walter Herz’s Land Development department, dedicated to, among others, such properties. - Noticing the growing interest in Land Development services in the warehouse segment in 2021, we decided to extend our services also to developers and investors in the retail segment. Not only do we implement projects, but also put together analyses as well as secure and prepare land for this type of investment. We offer services related to the entire investment process, securing projects from the formal, administrative and technical side, as well as construction and commercialization, and real estate sale - informs Bartłomiej Zagrodnik. According to Walter Herz, over 420 thousand sq m. of commercial space is being built in the country, most of which will become retail parks. The total stock of retail space in Poland amounts to 12.4 million sq m. of space, including about 2.1 million sq m. which is the backbone of retail parks and convenience centers. Advisors predict further development of this segment. This is also supported by the forecasts for stationary retail, which, despite the rapid development of e-commerce, are encouraging. Euromonitor International reports that by 2026, stationary sales will increase by over 10 per cent. The change in shopping habits means that we now mainly use retail and service facilities located in the vicinity of our place of residence. The popularity of local shopping centers stems from their convenient location for consumers. Quick shopping is also encouraged by the design of the facilities, which do not provide common areas, but practical, separate entrances to stores from the parking lot. It also supports sanitary safety.   About Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors.   Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors.   The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. To ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.   
Tactical RTS Fire Commander will premiere on Steam on 27 July 2022

Tactical RTS Fire Commander will premiere on Steam on 27 July 2022

Finance Press Release Finance Press Release 28.06.2022 08:41
  27 June 2022 – Slide down the fire pole and grab your axe, because Fire Commander is about to release on Steam. This fire-fighting real-time tactical game will premiere on 27 July, developed by Pixel Crow Games and Atomic Wolf, and published by Movie Games. The game will be available for USD 14.99 / EUR 12.49 / GBP 11.39, with a 15% launch discount.  Visit the Steam pageorTry the free prologue   Fire Commander is a game where head a group of firefighters and run a fire station between 30+ action-packed missions. You hire new recruits, train them, specialize them, and send them on missions that range from small house fires to airplane crashes, toxic spills or raging infernos that require water drops from helicopters and airplanes. Be free to utilise different vehicles, class specializations and tools. Creatively combining them, discover multiple ways of dealing with any situation. In action, consider such factors as backdraft, smoke, or materials with a different combustion temperature.     Take care of your people during and between rescue actions. Send your firefighters on training courses and develop their skills. Be sure that during emergencies, everyone will know what to do.The welfare of your crew and the success of the missions depend on your decisions.Fire Commander premieres on 27 July 2022 on Steam for USD 14.99 / EUR 12.49 / GBP 11.39, with a 15% launch discount.   Check the Steam Page  Features: Different classes of firefighters; 30+ thrilling missions; Experience system with unlockable skills; Numerous rescue vehicles and a growing fire station; Story and side missions; An enemy you cannot outpower, only outsmart.
Prison King is coming to Steam! Watch the trailer for a first-person game inspired by Thief and Shawshank Redemption

Prison King is coming to Steam! Watch the trailer for a first-person game inspired by Thief and Shawshank Redemption

Finance Press Release Finance Press Release 24.06.2022 11:39
Watch the Prison King trailer 23 June 2022 – Movie Games and True Games Syndicate have the pleasure to announce Prison King, a new simulator / adventure game inspired by Thief and Shawshank Redemption! The game will be available on PC in 2023. Wishlist on Steam and watch the trailer below. Sentenced for innocence... And now you need to learn how to survive. Navigate the prison life, make deals with guards and gangs alike, manage and sell contraband, and plot your next move. Your goal: to get out.     Survive your sentence in this first-person simulator set behind the prison bars, from the producers behind Drug Dealer Simulator. Get into the prison politics, make deals, dig for useful intel, negotiate with the guards and prove your worth to everyone who's watching. See more screenshots in the Press Pack Become a reliable prison dealer and make your fellow inmates dependent on you. Use your connections to obtain contraband, manage the stock and sell it to your fellow convicts. Carve up your own position and climb to the top, ensuring your safety. One thing still doesn't let you sleep at night – you're innocent! And you need to get out of this hellhole. How? Collect evidence to prove your innocence. Or make a brilliant plot to escape! It's your decision to make.Deal your way out of prison! Prison King is planned to release on PC in 2023. For more information follow our Steam and social media.   Visit the Steam Page
We're past The Ethereum Merge, now we start to think about next Bitcoin halving which may happen quite shortly

Altcoins News: These altcoins will rise or plunge alongside Bitcoin in 2022

Finance Press Release Finance Press Release 21.06.2022 16:28
Altcoins or alternative coins as they are otherwise known, typically refer to any other cryptocurrency apart from. But while the word may be a broad term being used for a wide range of cryptocurrencies, some altcoins and altcoins news are known to be more closely tied to the leading cryptocurrency — Bitcoin (BTC) and events related to them, than others. However, that is mainly a result of the fact that a good number of the so-called 'alternative coins' were forked from Bitcoin. Also noteworthy is the direct impact that the price of Bitcoin has on altcoins. It can be seen that altcoins prices are usually directly proportional to that of Bitcoin in the crypto market. That is, when BTC rises, altcoins do the same. But when BTC plunges, altcoins will inevitably plunge as well. So, with the current situation of the crypto market, and how difficult it is for BTC itself to stay afloat, one can easily understand why the majority of the altcoins are also having troubles at the moment. Having said all these, below is a list of the top seven most closely related altcoins to Bitcoin that will either rise or perish with the top cryptocurrency in 2022. Top seven altcoins whose fortunes or doom are tied to Bitcoin Solana Solana (SOL) is one of the biggest altcoins, and part of a group of cryptocurrencies tagged the "Ethereum killers." And just like Ethereum, it uses blockchain technology to facilitate decentralized finance (DeFi) projects including smart contracts and non-fungible tokens (NFTs). In addition, Solana also supports decentralized app development (dApps). Uniswap Uniswap is another altcoin that investors may use to earn and swap. The Uniswap protocol boasts of many products and service offerings. They include; Gelato, which supports automated transactions between cryptocurrency tokens on the Ethereum blockchain, TrustWallet, its highly secure crypto wallet, Universe Finance — a smart vault provider, and Rotki, the open-source analytics tool. Cosmos Just like every other aforementioned altcoin, Cosmos is another top altcoin whose fall will be unavoidable should Bitcoin fall in the current crypto market that has proven to be almost more volatile than usual. Reputed for offering solutions to some of the pertinent challenges of the blockchain industry including environmental impact, and slow and costly transactions. Polkadot Polkadot is one of the top altcoins which has an open-source blockchain platform. It provides interoperability and interconnectivity between specialized blockchains. That is, Polkadot helps facilitate the cross-chain transfer of any data between various blockchains. However, it is only able to achieve this, by permitting independent chains to securely exchange messages and transact with each other without the need for a trusted third-party Polygon Polygon is a decentralised Ethereum scaling platform that allows developers to create scalable user-friendly dApps with low transaction fees, whilst also keeping an eye on security. The altcoin combines the proof-of-stake blockchain infrastructure and the Plasma framework for investors to have a seamless experience. Theta Theta is a popular altcoin and blockchain, whose end-to-end infrastructure was purposely built for decentralized video streaming. On Theta, crypto investors may share bandwidth and computing resources via a peer-to-peer method. Avalanche Avalanche is perhaps the most connected altcoins to Bitcoin. It is, in fact, the fastest smart contracts platform in the blockchain space. And with its offering of an eco-friendly, low-cost, and remarkably fast platform, Avalanche may have become a favourite amongst smart contract-based applications.
The Original Witcher Game Is Being Remade from the Ground Up!

Fire Commander: First Response premieres on Steam! Play the free prologue of tactical RTS Fire Commander

Finance Press Release Finance Press Release 14.06.2022 23:31
  14 June 2022 – Fire Commander: First Response is out now on Steam! Play the free prologue of the tactical RTS Fire Commander from Pixel Crow Games and Movie Games. Step into the shoes of everyday heroes, command your firefighting units and save the lives of innocent civilians. Download for free on Steam.Lead a team of firefighters against the force of nature! Play three varied missions where your task is to lead your team and deal with the crisis.    PLAY NOW ON STEAM   Control the tactical action in real-time, with an active pause. Use different classes of firefighters and the vehicles at your disposal. See if you have what it takes to be the Fire Commander. Screenshots from the full version Full Game Features The full version of Fire Commander will have you dealing with a variety of environments and dangers, including a plane crash and a toxic spill, in over 30 different missions. You will also frequently visit your fire station to specialize and develop your crew. Utilize different vehicles, class specializations and tools. In action, consider such factors as backdraft, smoke, or materials with a different combustion temperature.Fire Commander: First Response is now available for free on Steam. The full game is coming to PC first in 2022, with console versions to follow. For more information follow our Steam and social media.   Check the Steam Page Features: Three varied missions Creative approach to any situation Real-time tactical action with active pause Different types of firefighters and vehicles An enemy you cannot outpower, only outsmart
There are fewer vacant offices in Warsaw, while the selection in the regions is growing

There are fewer vacant offices in Warsaw, while the selection in the regions is growing

Finance Press Release Finance Press Release 14.06.2022 09:32
The beginning of the year brought a revival in demand for offices. Katowice now have a larger offer than Poznan, and rental rates for the best space in Warsaw have increased In the first three months of this year, developers delivered 50 per cent more offices than in the same period a year earlier, and almost three times more than in 2020. According to Walter Herz, the seven largest business centers in the country, gained a total of over 320 thousand sq m. of new space. The number of offices under construction decreased during this period from 1.1 million sq m. to about 870 thousand sq m., around 600 thousand sq m. of which was under construction in April on the regional markets. - The diminishing number of emerging offices results in an increasingly limited choice of good-quality space in some cities. Warsaw is particularly exposed to supply shortages, where the smallest number of offices have been built in over a decade - says Mateusz Strzelecki, Head of Tenant Representation Partner at Walter Herz. - At the same time, we observe a clear increase in demand on the office market. In the first quarter of this year, in the seven cities we surveyed, 413 thousand sq m. of space was leased, which means that tenants leased almost twice as many offices than in the same period last year – says Mateusz Strzelecki. - There is also a clear noticeable increase in tenants' interest in flexible forms of lease, that is co-working spaces and instant offices. In some locations in the country there is a shortage of vacancies in such spaces. The ESG aspects also have an increasing influence on the office real estate market and companies' strategies – adds Mateusz Strzelecki. Rental rates are rising In turn, rising construction and finishing costs of office space put pressure on the rise in initial rental rates. - Increasingly higher prices of utilities, waste collection or labor costs are already reflected in the amount of service charges. In some office buildings, we are dealing with increases in advance payments towards service charges. As a result of inflation, effective rents for the best office space in Warsaw have also slightly increased. It is also related to the clearly visible trend of relocation of tenants to the newest buildings - notes Mateusz Strzelecki. The greater demand for offices is offset by a large amount of space delivered in regional markets outside Warsaw. Hence, the vacancy rate in the leading locations in Poland, according to Walter Herz data, remains on average at a similar level to that at the turn of the year. The first three months of this year in Warsaw brought slightly over 90 thousand sq m. of space in six completed office buildings. Among the delivered properties, there is the skyscraper in Forest building, the third office building in Lixa complex, the first building in SkySawa project, and Fabryka PZO II office building. The capital resources now amount to 6.24 million sq m. of space. In Warsaw, the demand is three times higher than the new supply There are currently over 320 thousand sq m. of office space under construction in the city. Varso Tower, The Bridge, Skyliner II and Studio complex, among others, are currently under construction. Compared to the years before the pandemic, when almost three times more offices were built over a number of years, this is a large investment gap. Despite the increasing difficulties visible on the market, developers are heading towards their former activity. Last year, six zoning decisions were issued in Warsaw and seven new applications were submitted. Due to the small number of offices being built, with the growing demand, the vacancy rate in Warsaw is dropping. If nothing changes, shortages in supply already pointed out by flexible space operators, will also affect those who rent traditional office space. However, the quality of offices offered in the capital deserves attention. Over 40 per cent of office space in Warsaw is certified, which places its location among the global leaders. In the first three months of this year, the demand for Warsaw offices was three times higher than the new supply, it exceeded 270 thousand sq m. of space. It was the highest quarterly result in the last few years. It is three-fourths higher than the average in the last five years and nearly 2.5 times higher than in the previous year. Wroclaw offices are the most popular in the regions The largest lease transactions in Warsaw were carried out by companies from the banking and financial sectors. In regional cities, the highest needs in terms of work space have recently been demonstrated by tenants from the technology and business services sectors. On the Cracow market in the first quarter of this year, approximately 31 thousand sq m. of space were contracted, which is a result slightly better than in the previous year, but almost a half lower compared to 2020. Cracow's office resources increased by 21 thousand sq m. of space, which allowed to increase the potential of the city to 1.64 million sq m. of offices. Among others, Aquarius and the last building in the High5ive complex, were delivered. Nearly 200 thousand sq m. of space is still under construction, including Brain Park, The Park Cracow, Ocean Office Park and Kreo. In Wroclaw, office space currently amounts to 1.28 million sq m. of space. During the first three months of the year, over 36 thousand sq m. of new space were delivered in Wroclaw’s MidPoint 71 project, and over 116 thousand sq m. is currently under construction. Other projects include another building in Centrum PoÅ‚udnie complex, Wielka 27 and Infinity. In the first quarter, over 38 thousand sq m. of offices were the subject of lease, which means almost 70 per cent. year on year growth and gives Wroclaw the best result among the regional cities. The Tri-City is close to joining the group of cities with 1 million sq m. of modern office space. Only a few thousand sq m. of space are missing from this threshold. According to Walter Herz, in the first three months of this year, about 32 thousand sq m. of office space emerged on the Tri-City market. There are 68 thousand sq m. of offices under construction, most of which are located in Gdansk, while, the quarterly demand exceeded 22 thousand sq m. of space. Katowice is rapidly increasing its potential In Poznan, there are no recently completed office buildings, which means that the existing office supply remained at the level of approx. 620 thousand sq m. of space. There are 79 thousand sq m. of office space under construction. The largest projects include Andersia Silver and Nowy Rynek E. In the first quarter, the demand amounted to 6.5 thousand sq m., which is a 40 per cent. higher result than in the previous year. Katowice was the leader in terms of new supply in the first months of this year. The construction of over 116 thousand sq m. has been completed there. Thus, almost half of the commissioned space at that time in the regions belonged to this agglomeration. As a result, Katowice has about three times higher inflow of new supply than the average for the last three years. Thanks to an exceptionally large amount of supply, which was provided, among others, by office buildings in .KTW II and Global Office Park project, as well as DL Tower and Carbon Office, office resources in the city amounted to 715 thousand sq m. Katowice has thus become the fifth largest office market in the country, ahead of Poznan. There are over 70 thousand sq m. of office space under construction on the Katowice market, including the Craft building. In the first quarter of this year, the demand for Katowice offices reached 30 thousand sq m. of space, which was almost seven times higher than the result recorded in the corresponding period of the previous year, and over 40 per cent higher than in 2020. In Lodz, the supply of the existing office space amounts to 611 thousand sq m., due to this year’s completion of the construction of almost 23 thousand sq m. of offices. Among the completed buildings, there are two office buildings in Monopolis and React complexes. Over 70 thousand sq m. of office space is under construction. The demand for office space in the first months of the year amounted to 12 thousand sq m., which is lower than the average in the last five years. About Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors. Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. To ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice. 
'Beyond Sunset' puts the BOOM in boomer shooter. Cyberpunk! Katana! Real retro tech! PLAY DEMO on Steam

'Beyond Sunset' puts the BOOM in boomer shooter. Cyberpunk! Katana! Real retro tech! PLAY DEMO on Steam

Finance Press Release Finance Press Release 13.06.2022 11:30
Movie Games proudly presents Beyond Sunset, a game by Vaporware a.k.a. Metacorp   Play the demo on SteamPC & Mac demo availableFull game coming in Summer 2023   Sunset City, 20XX. You wake up in a strange facility. Everything wants you dead. You only know your name. Lucy. Your instincts and abilities kick in. Lightning-fast reactions. Innate combat skills. Armed with a katana and a variety of firearms, you need to survive and find some answers. Was your Future Games Show presentation real? What is real? A new RPG/shooter made using a port of the original Doom engine? Answers lie below.       What is Beyond Sunset?  FLUID MOVEMENT: High-octane first-person action with advanced movements for dashing, sliding and other acrobatics.  RPG ELEMENTS: Interact with NPCs, learn the lore of Sunset City, take side missions and upgrade your abilities.  LO-FI AESTHETIC: Inspired by classic first-person shooters, from Doom to Duke Nukem 3D to Blood.  SYNTHWAVE VIBE: Hear an original vaporwave soundtrack composed by synthwave legend Karl Vincent.  MOD SUPPORT: Create and share your own levels, weapons and more with richly-featured free and open-source tools. Enter Beyond Sunset on Steam   Beyond Sunset is coming to PC and Mac via Steam in Summer 2023. Demo available now for all non-artificial life forms. End of transmission.
Enemy of the State announced for PC, PlayStation and Xbox

Enemy of the State announced for PC, PlayStation and Xbox

Finance Press Release Finance Press Release 13.06.2022 10:01
Watch the cinematic trailer for the new top-downco-op shooter by the creators of War Hospital.   11 June 2022 – Publisher Movie Games and developer Brave Lamb Studio announced Enemy of the State, a top-down co-op shooter revealed during the Future Games Show. This new title by the creators of War Hospital is coming to PC, PlayStation and Xbox in mid-2024. See the Steam page and watch the cinematic trailer. Enemy of the State is a co-op and single-player top-down shooter set in the world of 1920s crime lords. You're an aspiring mobster trying to reach the top during the Prohibition era. Gather your friends and perform heists all over the world. Will you build the most powerful crime syndicate in the world? Pre-alpha screenshots     You are a low-level criminal, with an ethnicity of your choosing, aspiring to become a true mafia boss. Gather your gang and perform all kinds of jobs, all over the world. From heists to turf takeovers to kidnappings and assassinations. Your goal? Same as always. Money, power & respect.Choose your class, customize your mobster and go conquer the world. Make your background American, African-American, Irish, Japanese, or Chinese. Get better, grow stronger, and unlock perks, cosmetics, and outfits. Concept art for Enemy of the State Feel the kick of Tommyguns, shotguns, revolvers, pistols, dynamite sticks, and other iconic weapons. If you need them to kick harder, upgrade them! And if you're looking to spice up your action, try obscure historical weapons from Japan or China.Prepare for new jobs in your fully customizable hideout. It's also your hub where you can hang out with other players and form syndicates that compete for notoriety online! Concept art for Enemy of the State Visit beautiful, detailed 1920s locations from all over the world. The game's powerful art style was inspired by art deco, Dishonored, and classic noir films & comics. Become the big crime boss of the Prohibition era! Enemy of the State is coming to PC, PlayStation and Xbox mid-2024. For more information follow our Steam and social media. Check the Steam Page Features: Story-based campaigns and co-op jobs Varied missions, from heists to turf takeovers Deep combat with customizable weapons and a cover system Extensive player progression with many available classes Player-created syndicates that compete online Interactive, customizable hub
Alaskan Truck Simulator: the demo is out on Steam! Watch the extended gameplay trailer

Alaskan Truck Simulator: the demo is out on Steam! Watch the extended gameplay trailer

Finance Press Release Finance Press Release 13.06.2022 08:31
10 June 2022 – The demo for Alaskan Truck Simulator debuted today on Steam, while a gameplay trailer was showcn on Future Games Show. The game is developed by Road Studio and published by Movie Games. The target release window for PC is late 2022, with PS and Xbox ports to come later. This long-awaited simulator, May's #98 most wishlisted game on Steam, lets you be a trucker, not a truck. Step out of the vehicle and live in a huge, open world of Alaska. Download the demo on Steam Demo features Ca. 45-minute opening haul World interactivity in and out of the truck Available map inspired by the Cantwell area (approx. 10% of the full game map) Winter setting (all seasons available in the full game) Scripted weather & day/night cycle (dynamic conditions available in the full game) Selected demo locations Be a trucker, not a truck! You are a real person behind the wheel. Explore the basic needs of both man and machine. You will need to pay attention to the stats management and the condition of your vehicle. You can become hungry or tired – so you need to eat and sleep. Your truck needs maintenance too – fuel it, change oil, put on chains in winter. Take care of all the difficulties you can encounter on the road!Alaskan Truck Simulator is planned to release on PC, and later on PlayStation and Xbox. The target release window is late 2022. Play the demo on Steam
Here's your first look at Cyberpunk: Edgerunners! Coming to Netflix this September!

Here's your first look at Cyberpunk: Edgerunners! Coming to Netflix this September!

Finance Press Release Finance Press Release 09.06.2022 08:53
CD PROJEKT RED, creators of Cyberpunk 2077, together with Netflix and Studio Trigger present all new promotional materials for the upcoming Cyberpunk: Edgerunners anime, including a new key visual, a teaser trailer, and a production documentary video. The parties have also announced that the show will premiere in September of this year. Revealed during Netflix's Geeked Week, an event dedicated to geek culture shows, movies, and games available and set to arrive on the streaming platform, the new assets mark the first time Cyberpunk: Edgerunners has been shown off in motion — in the form of a teaser trailer as well as the first part of a series of behind the scenes videos.    Watch the Cyberpunk: Edgerunners Official Teaser     In addition to commentary about the show's development from key CD PROJEKT RED staff involved in the project, the documentary also features first-look stills and concept art as well as an exclusive clip and scene breakdown from the anime. Future behind the scenes videos will cover other aspects of the show, with extra insight from members of Studio Trigger.    Watch Cyberpunk: Edgerunners — Inside Look   The new key visual for Cyberpunk: Edgerunners, drawn by chief character designer of the show Yoh Yoshinari and released as part of Geeked Week, presents the show's protagonists, David and Lucy. The pair is also shown throughout the teaser trailer and behind the scenes video, along with other major and minor characters of the show.   Cyberpunk: Edgerunners tells a standalone, 10-episode story about a street kid trying to survive in a technology- and body-modification-obsessed city of the future. Having everything to lose, he chooses to stay alive by becoming an edgerunner — a mercenary outlaw also known as a cyberpunk.   The show is created by renowned game development studio CD PROJEKT RED, with Cyberpunk 2077 and The Witcher 3: Wild Hunt creative talent involved in the project. Bringing the world to life in Cyberpunk: Edgerunners is acclaimed Japanese-based animation company Studio Trigger, with Hiroyuki Imaishi (Gurren Lagann, Kill la Kill, Promare) directing the show. Yoh Yoshinari (Little Witch Academia, BNA: Brand New Animal) is assigned as chief character designer as well as executive animation director. Masahiko Otsuka (Star Wars: Visions 'The Elder') and Yoshiki Usa (GRIDMAN UNIVERSE series) are in charge of writing the screenplay based on the story provided by CD PROJEKT RED. The original score is composed by Akira Yamaoka (Silent Hill series).   Cyberpunk: Edgerunners premieres on Netflix in September 2022. Visit the official website for extra information, assets, and newsletter. You can also follow the show on Twitter. Source: CD PROJEKT RED
The playtest for Brewpub Simulator is starting now! Download the game and fill in the survey

Promised Land Art Festival Returns! Tickets Now on Sale; First Speakers Announced | CD PROJEKT RED

Finance Press Release Finance Press Release 08.06.2022 15:22
  Promised Land Art Festival Returns! Tickets Now on Sale; First Speakers Announced! CD PROJEKT RED, creators of The Witcher series of games, GWENT: The Witcher Card Game, and Cyberpunk 2077, announce that Promised Land Art Festival is back this August 31st – September 3rd, with tickets now available for purchase via the event's official website. Aimed at professionals working in film, gaming, and other creative industries, Promised Land Art Festival is a place for the exchange of knowledge and experience, for networking, and crossing the divide between digital and traditional arts — areas of the creative process that lie at the core of CD PROJEKT RED as a game development studio. Throughout four days of the festival, participants will have the opportunity to take part in more than 100 hours of activities, including talks, discussion panels, hands-on workshops, masterclasses, demos, as well as Q&A and networking sessions. The event will once again take place in EC1 Łódź — a former power station, modernized and now serving as a center for culture and science. Watch Promised Land Art Festival Teaser Video Last time around, Promised Land saw more than 600 attendees of various experience levels and from all walks of creative industry life. Speakers at the event represented some of the most recognizable names in games, films, and lifestyle such as Capcom, Disney, Pixar Animation Studios, Paramount Pictures, BioWare, MachineGames, Framestore, Digic Pictures, MPC London, Double Negative, and CD PROJEKT RED. The studio today unveiled the first speakers for this year's event: Harvey Newman, Daniel Lupien and Jordu Schell; with more to follow as Promised Land draws closer. Harvey Newman is an Animation Director with nearly two decades of experience working in the game industry in studios such as Crytek, Lionhead, Creative Assembly, Axis, DICE, and Build a Rocket Boy. He's helped to ship many award-winning titles from different leadership positions, including Battlefield V, Horizon Zero Dawn, Star Wars Battlefront, Crysis 3. Daniel Lupien has been working in both the video game and VFX industries for the past 21 years, focusing mostly on assets. He is also a practical prop maker. He specializes in texturing and for the past eight years has been working as an Asset Supervisor at Rodeo FX — where he has worked on many franchises such as: Game of Thrones, Fantastic Beasts, Aquaman, WandaVision, and Jumanji. Jordu Schell has been in the film & television industry since 1987. His talent as a designer and sculptor is world renowned, and his credits include: Avatar, The Chronicles of Narnia: Prince Caspian, 300, Hellboy, Men in Black, Batman Returns, Edward Scissorhands, Babylon 5 and many more. Learn More About the Speakers Tickets for Promised Land are available starting today, with a special Early Bird discount available for all until June 30th while supplies last. Each ticket grants full access to the entire roster of Promised Land activities, as well as Open Day — a one-day-only, creative industry enthusiast event with its own, separate programme. Included with each main event ticket are food & drink vouchers, as well as a welcome pack of physical Promised Land goodies. Buy Promised Land Art Festival 2022 Tickets Promised Land Art Festival is organized by CD PROJEKT RED in cooperation with "EC1 Łódź – City of culture" and the City of Łódź, Poland. More details about Promised Land are available via the official website. Source: CD PROJEKT RED
Alonso continues in the points after rain and red flag affected Monaco Grand Prix | BWT Alpine F1 Team Press Release

2022 Formula 1 Monaco Grand Prix Preview

Finance Press Release Finance Press Release 26.05.2022 15:16
Drivers Esteban Ocon and Fernando Alonso and Team Principal Otmar Szafnauer share their thoughts on the seventh race of the season in Monte Carlo. To learn more about some of the team behind the scenes at Enstone and Viry, please click on the links below to the full preview. Otmar Szafnauer: "Firstly, what an exciting race we had in Spain throughout the entire field. It was good fun with the multiple stops and overtaking, so I'm sure it was a great spectacle for all fans of Formula 1. From our point of view, considering our starting positions after a tough Saturday, we left Spain pleasantly pleased with our points collection. We're all looking forward to going to Monaco. It's an incredibly special place and a very historic and important racetrack for Formula 1, where we all enjoy racing. Clearly, with the nature of the close walls and tight corners, it's a tricky place for overtaking on race day. We need to ensure our one-lap pace is good, which, in general, it has been, apart from the anomaly in Spain where we were not as quick on Saturday as we were on Friday."Esteban Ocon: "Monaco is a special track in many respects: the average speed is the lowest of the year and the corners are so tight that power is not as important as other tracks. You need some good stability under braking and a solid engine that responds well out of the corners. And as we all know, grid position in Monaco is crucial so a better performance than in Barcelona in Qualifying from us will be important. P9 there last year so just inside the points but we'll of course be wanting to improve on that result and make sure we have a smoother weekend from start to finish."Fernando Alonso: "I've always enjoyed racing in Monaco. It's one of the biggest spectacles on the Formula 1 calendar. I think with this year's cars it's going to be even more challenging than normal, with all of the slow speed corners. As we know, one small mistake around the streets of Monaco and you end up in the barriers. Qualifying is also very difficult given the traffic you encounter on a lap. I'm looking forward to the challenge!"2022 Monaco Grand Prix Factfile: The Circuit Circuit length of 3.337km Race distance of 260.286km. This is the shortest distance on the calendar Top average speed in 2021 was 157.833kmh (98.072mph), the lowest average speed on the calendar. Highest speed of 290.8kmh (180.69mph). The Fairmont hairpin is the slowest corner in all of Formula 1. One of only three tracks in the history of the sport to feature a tunnel. Cars can lose between 20-30% of their downforce due the unique aerodynamic properties of the tunnel. Driver and Team facts Renault-powered cars have achieved 14 pole positions, eight fastest laps, 24 podiums, seven wins and 449 points from 154 starts at the Monaco Grand Prix. Fernando Alonso is the only active Formula 1 driver who has completed two thirds of the fabled motorsport triple crown. Fernando won the Monaco Grand Prix with Renault in 2006 and has two Le Mans 24 hours titles' to his name. Esteban Ocon's best result in Monaco is P6 in 2018. Esteban also finished inside the points in 2021. Should he start Sunday's race, Esteban Ocon will move into the top ten of most starts for a French driver in Formula 1 (96). Fernando has two previous wins in Monaco which is only bettered by Lewis Hamilton of the current drivers on the grid. Fernando can overtake Graham Hill as the driver to have completed the most racing laps at the Monaco Grand Prix. Fernando has raced 1,198 laps so far at the circuit and will beat the record if he completes 14 laps.
LOCONI Intermodal leases space in OKAM property in Żerań

LOCONI Intermodal leases space in OKAM property in Żerań

Finance Press Release Finance Press Release 26.05.2022 12:50
LOCONI Intermodal S.A. company has leased almost 2,000 sq m. of office and warehouse space and nearly 80,000 sq m. of space for transport on the premises of the railway cargo terminal in OKAM property located at JagielloÅ„ska Street, in Warsaw district of Å»eraÅ„. Walter Herz, leading agent for commercialization of the project, represented the owner in the lease process. LOCONI Intermodal has been operating on the Polish logistics market since 2011. The intermodal operator organizes transport of containerized cargo, using various forms of transport in the supply chain. The company has a network of handling terminals and provides regular intermodal connections between seaports and terminals in various locations. - Intermodal transport is one of the most dynamically developing branches of the logistics sector in Poland. It is a great satisfaction for us that LOCONI Intermodal, which ranks among the largest intermodal operators on our market, has chosen this Warsaw location for developing its own logistics facilities and expanding the network of serviced terminals. The smooth course of the lease process, which required careful negotiation of technical, legal and financial conditions, allowed the parties to quickly reach a compromise and conclude a contract - says Piotr SzymoÅ„ski, Director Office Agency at Walter Herz. - Recent years have shown how important efficient transport solutions are for the proper functioning of the economy. Intermodal logistics combines road, rail, sea and air transport, which enables safer and, more importantly, timely delivery of cargo. This type of transport allows not only to shorten the delivery time, but also to reduce costs. Enterprises have shown great interest in the effectiveness of transport, as well as the environmentally friendly solutions. To accommodate the growing needs of the market, we are constantly expanding the transportation network. The Warsaw cargo handling hub is an important link in our company's transport connection system - admits Dariusz Barcik, vice-president of Loconi Intermodal S.A. - Commercialization of the property in Warsaw Å»eraÅ„ is a great challenge even for such an experienced company as ours, which has been successfully investing in Poland since 2004. The implementation of plan to rebuild the area of over 60 ha and restore the reputation of the former car factory in Warsaw, which we have undertaken, will take several years. The scale of the project is so large that the preparation process for the implementation of this project itself will take several years. The complex currently offers space of various functions and an extensive logistics, warehouse and production infrastructure. Its full commercialization has already been carried out, thanks to the support and commitment of Walter Herz experts - informs Arie Koren, member of the OKAM board. OKAM property is located on the premises of a former car factory at JagielloÅ„ska Street in Warsaw. The complex, which covers an area of 62 hectares, offers office, service and warehouse space, as well as space intended for exhibition yards and parking lots. It is the only location in Warsaw with its own railway siding, enabling the creation of an intermodal terminal. Most of the space in the complex is characterized by a wide range of parameters, which creates multiple lease options for companies looking for non-standard solutions, combining warehouse, production, logistics, office and service space. On the premises of the historic factory in Å»eraÅ„, where the last car left the assembly line in 2011, there is a museum devoted to the history of the automotive industry in Poland. The location of the property provides direct access to the S8 route. About Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors. Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. To ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice. 
Andersen in Cracow’s Fabryczna Office Park

Andersen in Cracow’s Fabryczna Office Park

Finance Press Release Finance Press Release 24.05.2022 10:53
Andersen, a global IT company, has chosen Fabryczna Office Park complex to be the headquarters of its Cracow branch in Poland. Walter Herz provided comprehensive consulting and support in the process of searching for a location Andersen company, which has been providing programming services for 15 years and running several development centers around the world, is to open a branch in Cracow in Fabryczna Office Park complex. The building is located at 18 Aleja Pokoju Street, in the central part of the city. Andersen plans to start work in the new office before the end of May, 2022. The Cracow development center will be located on almost 1 000 sq m. of space. The office space will be arranged in accordance with corporate guidelines, providing the team with a comfortable environment for work and development. Andersen’s Cracow office will include, among others, a spacious open space, a conference zone and offices reserved for on-line meetings and quiet work, as well as a game room with a leisure area. The choice of Fabryczna Office Park complex was determined by the high quality of the space offered, as well as the central location of the building, which makes it easy for all Andersen employees to reach their workplace. The company appreciated the modern architecture of the project combined with solutions reminiscent of the atmosphere of old Cracow, the location of which allows access to the Market Square within 30 minutes. - We were looking for a spacious office, which we could adapt to our corporate guidelines and internal standards. Initially, we planned to lease a smaller space, but given the rapid growth of our business, we decided to expand it. We will be reviewing development plans and responding to the growing demand in the future. We want to launch new centers in other Polish cities in the near future - says Stephanie Kolosova, Delivery Manager/Head Of Cracow Office at Andersen. - We appreciate the fruitful cooperation we have established with Walter Herz, whose actions were carefully planned and transparent when searching for a suitable location for us. The advisers showed great expertise, flexibility and a completely customer-oriented approach. Their knowledge is a guarantee of a successful project. We can recommend this partner to any company that is looking for its future headquarters - adds Stephanie Kolosova. - An in-depth and broad analysis of available office options in Cracow, as well as comprehensive advice and support in every aspect of the space lease process was important For Andersen. We were looking for a location that would allow for comfortable work and development of the current team, and at the same time leave a certain cushion that would allow us to secure further needs related to the continuous development of the company. We are very pleased that we have managed to achieve all the goals set by the client and to propose some out-of-the-box solutions that have been appreciated by the company. We are grateful for entrusting us with the entire negotiation process - says Kamil Kowalewski, Senior Negotiator at Walter Herz. - We are glad that another prestigious company operating on a global scale has joined the group of our tenants. We believe that our complex will meet all the requirements of Andersen and will become the basis for further growth of this internationally recognized organization in Poland - informs PrzemysÅ‚aw Łukasik, vice-president of Inter-Bud Group. Cushman & Wakefield company represented the landlord in the lease process. Fabryczna Office Park is an office complex that will ultimately include six A-class office buildings with a total lease area of 77.5 thousand sq m. The first stage of the investment received BREEAM Post Construction certificate rated Outstanding. The office buildings will form part of the mixed-use investment project Fabryczna City implemented by Inter-Bud company on a plot of 6.5 ha in the post-industrial area of the former State Vodka Factory in Cracow. Apart from the office buildings, the historic part of the mixed-use complex, will include a four-star Mercure hotel, a fitness center, a swimming pool, a museum, shopping and service units with restaurants, as well as residential buildings. The flagship project of the Polish investment and executive group Inter-Bud, which brings together over a dozen companies specializing in various sectors of the construction market, is located in the center of Cracow, near the two most important transport junctions in the city - Mogilskie roundabout and Grzegórzeckie roundabout. About Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors. Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. To ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.  Follow FXMAG.COM on Google News
Strong recovery effort brings BWT Alpine F1 Team double points haul in Spain

Strong recovery effort brings BWT Alpine F1 Team double points haul in Spain

Finance Press Release Finance Press Release 23.05.2022 08:37
  BWT Alpine F1 Team converted its lowly grid positions of twelfth and twentieth into seventh and ninth at the chequered flag after superb drives from Esteban Ocon and Fernando Alonso to bring home eight points from a scorching hot Spanish Grand Prix at the Circuit de Barcelona-Catalunya.Esteban charged through the field early on to propel himself into points-scoring contention with home hero Fernando storming from last on the grid – as a result of an engine change – to ninth at the finish.Both drivers ran to a three-stop strategy, starting on Softs, onto Mediums during the second stint, before finishing with two sets of Softs for the second half of the race.Esteban showed solid pace and demonstrated smart racecraft in making up a handful of places throughout the demanding 66-lap race to finish a comfortable seventh at the flag and his fifth top ten result of the season. Racing on home soil in the Spanish Grand Prix for the nineteenth time in his Formula 1 career, Fernando executed an excellent race from the back of pack, displaying patience and skill on his way to collect two points.Esteban Ocon, started P12, finished P7:"I'm very happy for the team today with a good double result. It's probably the best result we could have hoped for after yesterday and the team should be very proud for what we achieved today. It was a great first stint with some good overtakes and, overall, I don't think there is anything we could have done better. It was awesome to see Fernando in the points as well after starting from the back, and to do it here in Barcelona is even better. After a difficult Saturday we proved that the pace is there, and the car is working well so this result definitely feels good. I'll sleep well tonight!"Fernando Alonso, started P20, finished P9:"It's great to finish in the points today especially after our bad qualifying yesterday, so I'm very happy with that. The atmosphere was special today and even though we were starting last I feel like we managed to put a show on for the fans. It feels a bit like a victory! Hopefully we can start scoring consecutively in the points from here. I think we still need to improve on Sundays, but we did a good job today and managed it well. In reflection on Miami and Thursday, maybe I see it in a different way now. The Stewards did their job in Miami and perhaps we see things differently from inside the car in the heat of the moment. I am fully supportive of the FIA's ideas and we want to work with them to improve the show for the fans."Laurent Rossi, CEO Alpine: "While the weekend didn't look promising before the race, we managed to recover with both cars finishing inside the points. To go from twentieth, and last, on the grid with Fernando and twelfth with Esteban to eight points in the bag at the end is certainly satisfying and well deserved. We've managed to salvage points after a tough Qualifying, which is important in a close championship fight like we're in. That said, we need to continue the hard work, in particularly ensuring more performance consistency throughout the whole weekend to better our starting grid positions. We've demonstrated today, on a demanding track in tough conditions, that we have what it takes to perform well on Sundays. We now need to ensure we put ourselves in a position where we're battling for the higher points-scoring places on a more regular basis. In the circumstances, a good job by everyone in the team today and we now look ahead to Monaco next week where we know Saturday performance there often defines the outcome for Sunday's race."
BWT Alpine F1 Team previews the 2022 Formula 1 Belgian Grand Prix

BWT Alpine F1 Team previews the 2022 Formula 1 Spanish Grand Prix

Finance Press Release Finance Press Release 19.05.2022 12:56
BWT Alpine F1 Team previews the sixth race weekend of the 2022 FIA Formula 1 World Championship, the Spanish Grand Prix. Otmar Szafnauer: "Firstly, the aim is for us to have both cars inside the points, which we're yet to achieve since the first race of the season. If we're going to achieve our goals for the year, then this is the minimum requirement the remaining Grands Prix. We've demonstrated consistently we have a competitive car and it's important now that we convert that promising pace into points on Sundays. We're certainly aiming to bounce back from Miami by having a much better, and cleaner, race weekend. We can only control what is in front of us, so that's the target in Barcelona and both drivers are ready to deliver." Esteban Ocon:  "Barcelona is one of those circuits all teams, and all drivers, know very well. We have raced and tested there for a while now, but of course it does bring its own challenges just like any track. The first two sectors are fast and can be tricky, with tyre management being very important. The final sector is slow speed and you normally feel a loss of grip towards the end of the lap as the tyres overheat. In general, it's quite difficult to overtake in Barcelona, although the long downhill straight can give power and DRS advantage, so that is a key part of the circuit. It makes Qualifying and race strategy particularly important to gain track position. Last year, I qualified fifth on the grid so it is a track I enjoy, and we know we can be competitive there." Read next: Claim Exclusive POAP NFT Rewards During Alpine Esports Series Championship 2022 Powered by Binance| FXMAG.COM Fernando Alonso:  "I have raced many years in Barcelona, so I know the track and place well. It's a track that really shows where your car stands amongst the rest of the field and it's been home to winter testing for a number of years. The track is not easy to overtake on and so you have to qualify well. Unless there is a Safety Car or something unusual in the race then it's difficult to gain ground. We've been qualifying quite well this year so hopefully we can continue the form from previous Saturdays into Barcelona and have a trouble-free race."2022 Spanish Grand Prix Factfile: The Circuit Circuit length of 4.675km. Race distance of 308.424km. First raced in 1991. Acted as the start and finish line for cycling events in the 1992 Summer Olympics. Rated as one of the most environmentally sustainable circuits in the world. The Circuit de Barcelona-Catalunya layout has been changed several times over the years, the most noticeable being the inclusion of a slow-speed chicane before the final corner in order to increase overtaking.  Driver and Team facts Renault-powered cars have delivered 10 pole positions, 12 wins, 524 points and eight fastest laps at the Spanish Grand Prix. Fernando Alonso scored an emotional win in 2006, driving for Renault F1 Team in front of an adoring home crowd. Fernando would repeat the feat in 2013. Esteban Ocon gained 12 places during the Miami Grand Prix, the most in his career so far. Esteban finished fifth at Barcelona in 2017, his best result of his rookie season in Formula 1. Alpine scored two points in last year's Spanish Grand Prix, courtesy of Esteban's battling performance to finish ninth, having qualified in fifth. Read next: Learn & Earn with Esteban Ocon from BWT Alpine F1® Team: $10,000 in ALPINE and 100 ALPINE NFTs Up for Grabs!| FXMAG.COM Alpine Academy and Affiliates Jack Doohan qualified third at Imola despite never having raced at the circuit before. Jack finished second in Barcelona during his 2021 FIA Formula 3 campaign. Olli Caldwell achieved the best result of his season so far with 13th in Imola. Olli won in Barcelona in 2021, claiming his first Formula 3 win. Caio Collet has three podiums in Barcelona, the most recent coming in the opening race of last season's Formula 3 championship. Victor Martins recorded a double points finish in Imola including second in the sprint race. Victor has no less than eight podium finishes in Barcelona across his junior career including six wins and two back-to-back race wins in the same weekend. Abbi Pulling is on 20 points after the opening round of the 2022 W Series. This is Abbi's best ever start to an open-wheel championship. Alice Powell's second place in Miami means that she carries on her streak of at least one podium in each of the three season's she's been in the W Series.
BALMORAL PROPERTIES SELLS THREE OFFICE BUILDINGS OF BROWAR LUBICZ IN KRAKOW

BALMORAL PROPERTIES SELLS THREE OFFICE BUILDINGS OF BROWAR LUBICZ IN KRAKOW

Finance Press Release Finance Press Release 19.05.2022 12:20
Global real estate advisory firm Savills has advised Balmoral Properties on the disposal of three office buildings of the Browar Lubicz complex in Krakow. The new owner of the property is French-based PAREF Gestion, which acquired it on behalf of SCPI Interpierre Europe Centrale. The property is located at Lubicz Street, directly opposite Krakow Main Railway Station and Galeria Krakowska Browar Lubicz is a mixed-use development that seamlessly blends the elements of the traditional architectural design of the former brewery and a modern building. The transaction comprised three office buildings of the complex with a combined area of 7,500 sq m. The property is located at Lubicz Street, directly opposite Krakow Main Railway Station and Galeria Krakowska, just 800 metres away from Krakow’s Main Market Square. Its tenants include one of the leading app-based mobility as service provider, CentralNic, a multinational holding company providing domain name registry services, web hosting and web traffic monetization, and YGGDrasil, a Swedish provider of gaming solutions. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM “Thanks to its prime location, Browar Lubicz ties in with the strategy of investment funds targeting assets close to key transport hubs. It is unique in being a human scale development and one of very few modern office buildings located so close to the historic Main Market Square and the Tower of St. Mary’s Basilica. The transaction is a confirmation of the continued trust and confidence of cross-border capital in high quality properties in Poland,” says Tomasz Buras, CEO and Head of Investment, Savills. The parties agreed not to disclose the value of the transaction. Balmoral Properties was advised on the sale of the buildings by Savills (investment and leasing support services) and Jakubaszek & Wspólnicy (legal). The new owner of the property was advised by Dentons (legal) and BNP Paribas Real Estate (technical).
Gate.io to Unveil New Brand Identity During 9th Birthday Celebrations in Late May 2022 | What Is Gate.io?

Gate.io to Unveil New Brand Identity During 9th Birthday Celebrations in Late May 2022 | What Is Gate.io?

Finance Press Release Finance Press Release 18.05.2022 14:33
With the rebranding, Gate.io will also launch its newly redesigned mobile app and mini app with new features, as well as contests offering a total of US$9,000,000 in prizes May 18, 2022 – Gate.io, one of the world’s earliest cryptocurrency exchanges and a leader among digital asset platforms, announced today that the company will unveil a new brand identity, which will be reflected across its platforms during Gate.io’s upcoming 9th birthday celebrations, commencing on May 27th, 2022. In tandem with the complete design overhaul of Gate.io’s logo and branding, the company will launch the Gate.io Lite App and mini app for mobile phones. To celebrate its 9th birthday and rebranding, Gate.io will also roll out multiple contests for its users, with a total of US$9,000,000 in prizes to be awarded. Dr. Han, CEO and founder of Gate.io, shared: “The rapid growth of cryptocurrencies has accelerated the development of mainstream crypto exchanges in terms of products, services, brand values, and more. With our brand DNA of innovation and breakthroughs in mind, Gate.io was in need of a refresh and an invigorating change. We look forward to working with customers from all over the globe and building a sparkling new Gate.io brand identity.” A Brand New Look for Gate.io Gate.io will reveal a revamped brand identity for its logo, slogan, and color scheme, reflecting the culmination of nine years of digital asset innovation since the company was founded in 2013 and signaling that Gate.io has matured to offer a more inclusive, integrated, and unique experience with a wealth of digital asset services for its over 10 million users. The rebranding also marks the beginning of a new chapter for Gate.io in the rapidly evolving and growing crypto economy, which frequently sees the platform reach the second largest daily trading volume in the world. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM Easier Than Ever to Trade on Gate.io’s Apps Alongside its new brand identity, Gate.io will launch a notable update to its mobile app that will allow users to opt for a “Lite App” version within its flagship app, offering streamlined and simplified in-app transactions for crypto trading of more than 1,400 coins, tokens, and other digital assets. The Lite App’s cleaner, more user-friendly interface makes it even easier for new and existing users to invest and trade quickly and efficiently as they can access a suite of features for different crypto assets on the go. Celebrate with Gate.io To kick off Gate.io’s 9th birthday festivities, users can take part in a series of exciting contests and promotions, with a total of US$9,000,000 in prizes to be awarded. To start, the Gold Bar campaign on Twitter, gives participating Gate.io users the chance to win a prize pool worth US$50,000 in tokens, and one lucky winner will win a 999 gram 999.9 gold bar. Gate.io will also be hosting NFT and trading contests for its users as part of the celebrations. About Gate.io Established in 2013, Gate.io is one of the world’s earliest cryptocurrency exchanges and a leader among digital asset platforms. Gate.io offers services related to the trading of multiple leading digital assets, and it has grown to serve over 10 million users around the world. It has been consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko, and has been verified by the Blockchain Transparency Institute (BTI). Gate.io has also received a rating of 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021. Besides the main exchange, Gate.io also offers other services such as decentralized finance, research and analytics, venture capital investing, wallet services, labs and more. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM Disclaimer: Please note that Gate.io may not provide its full scale of services in certain markets and jurisdictions, and Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For details of restricted locations, please read the Terms of Service “Section II Eligibility” .
(INPST) InPost’s new headquarters in Cracow | Walter Hertz

(INPST) InPost’s new headquarters in Cracow | Walter Hertz

Finance Press Release Finance Press Release 16.05.2022 11:10
InPost, the leader of the modern logistics services market in Poland, is moving its headquarters to Ocean Office Park complex in Cracow. The company has leased 8,300 sq m. of space in building B, implemented in this investment. Walter Herz company supported the company in the process of searching for a location and negotiating lease terms. Amsterdam Stock Exchange, decided to relocate the office to the Cavatina investment located at Pana Tadeusza Street in the Zablocie district of Cracow The international company listed on EURONEXT – Amsterdam Stock Exchange, decided to relocate the office to the Cavatina investment located at Pana Tadeusza Street in the Zablocie district of Cracow, with a view to create the best conditions for the development of the organization and to provide the team with comfortable working conditions in a modern environment. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM - Changing the headquarters is aimed at meeting our current expectations in terms of the quality of office space, as well as the needs related to the intense growth of the organization. We chose Ocean Office Park because it offers the highest standard of office space and common areas, which ensures comfort and safety at work. Attractive architectural and technical solutions that distinguish this project were the main aspects that determined the choice of location. Green areas and recreational zones arranged within the complex were also of great importance - says Marcin Pulchny, Vice President of the Management Board of InPost. - Environmental protection and ESG policy is of great importance to us. The company was listed first in the Electromobility-Friendly Companies 2022 ranking. It is important for us to achieve synergy, combining corporate governance and natural and social environment. All employees working in the complex will have access to parcel lockers, the most eco-friendly for of delivery for on-line shopping, located on the OOP premises. - adds Marcin Pulchny. It is a great satisfaction for us that InPost has once more benefited from the experience of our team specializing in servicing the office sector - informs BartÅ‚omiej Zagrodnik, Managing Partner/CEO at Walter Herz - We are very pleased that once again, we had the opportunity to support InPost in the search for space. This time, our task was to carry out the relocation process of the company's headquarters, including financial, legal and technical negotiations. We advised the company on various levels, both in terms of searching for offices and space for logistics activities, which is related to the expansion of the e-commerce delivery platform throughout Poland. InPost, as one of the largest logistics operators in Poland, is also one of the most active entities on the logistics space market. It is a great satisfaction for us that InPost has once more benefited from the experience of our team specializing in servicing the office sector - informs BartÅ‚omiej Zagrodnik, Managing Partner/CEO at Walter Herz. Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network | FXMAG.COM InPost enjoys a leading position on the logistics market in Poland. The operator has created the first in the country network of parcel lockers, self-service points of sending and receiving parcels, open 24/7. The company has been present on the market for 22 years and has almost 17 thousand parcel lockers that form the largest business structure of this type on our market. Moreover, the application used to operate the lockers, has over 9 million users. - Searching for a new office for InPost, it was crucial to provide the company with optimal development opportunities within the selected building and to protect the client against an increase in construction costs. Comprehensive services related to the relocation also included securing the tenant's interests when it comes to Project Management, and above all Cost Management. The basis for choosing Ocean Office Park was a very good relation of the quality and technical standard of the offered space in relation to the financial conditions and the location of the facility in the vicinity of key transport hubs in the city - informs Mateusz Strzelecki, Head of Tenant Representation / Partner at Walter Herz. - Ocean Office Park is our third office project that we are implementing in Cracow. The confirmation of the success of this project, in which we commissioned the first office building, is among others, the main Prime Property Prize in the category of Investment of the Year in the Office Space Market, which it has recently won. So far, we have completed six office buildings on the Cracow market. In addition to building A in the Ocean Office Park investment, our portfolio of completed projects includes four office buildings in the Equal Business Park complex located at Wielicka Street and Tischnera Office project. We are happy that InPost is relocating its headquarters to our newest investment in Cracow. We plan to complete the construction of the second office building in the Zablocie district before the end of the year and we hope that the tenants will move into the offices at the beginning of next year – says Natalia JagliÅ„ska, Leasing Director, Cavatina Holding. Cavatina Capital Group is a leader on the Polish real estate market, it has a portfolio of mixed-use properties with a total of 0.5 million sq m. The company independently manages all key investment processes. About Walter Herz Walter Herz company is a leading Polish entity operating in the commercial real estate sector across the country. For ten years, the company has provided comprehensive and strategic investment consulting services for tenants, investors, and real estate owners across the country. Walter Herz experts assist investors, property owners, and tenants. They provide full service to companies from the private and public sectors. Walter Herz advisors support clients in finding and leasing space and provide consulting in implementing investment projects in the warehouse, office, retail, and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. To ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice. 
New Card Drop Now Available in GWENT! - 06.10.2022

The Witcher (CD PROJEKT RED): Journey 1 & 2 Return to GWENT!

Finance Press Release Finance Press Release 12.05.2022 16:30
Journey 1 & 2 Return to GWENT! CD PROJEKT RED today announced that both the first and second season of the Journey progression mode have returned to GWENT: The Witcher Card Game, featuring brand new rewards, on a permanent basis. This reintroduction coincides with Patch 10.5, also available now. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM   As with their original releases, both Season 1 'Geralt' and Season 2 'Ciri' will be available to players for free as well as via an optional Premium tier. All originally included vanities come part and parcel with both Journeys, but they will also be joined by brand-new unlockable rewards such as auras, cardbacks, trinkets, music, and trophies. Players who did not previously purchase or play these seasons will be able to unlock all items — old and new — by completing contracts. Those who previously purchased or played Journeys 1 & 2 can unlock new items by completing contracts, without needing to make any additional purchases, and will also be able to pick up right where they left off during their first playthrough.     When originally launched, the first and second season of Journey were available for a limited period of three months. With their reintroduction, both seasons will be available permanently, giving players an infinite amount of time to see all they have to offer. The character-specific stories will also be returning, available in their entirety from the start — so players who missed out on the stories of Geralt & Dandelion, as well as Ciri & Vesemir, will be able to discover each one for themselves this time around.   Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Alongside the return of the first two Journeys, Patch 10.5 was also introduced to GWENT, which features general balance changes and is available for free on all supported platforms. You can find out more details by reading the official patch notes.   GWENT: The Witcher Card Game is available for free on PC via GOG.COM and Steam, Apple M1 Macs running macOS, as well as on Android and iOS. For more information on GWENT, visit playgwent.com. Source: CD Projekt
Computer Software Licensing on Blockchain  - What Is It About? HashUp is trying to build the world's first decentralized software marketplace.

Computer Software Licensing on Blockchain - What Is It About? HashUp is trying to build the world's first decentralized software marketplace.

Finance Press Release Finance Press Release 11.05.2022 09:50
Imagine travelling back in time. Video games are distributed via physical licenced carriers such as cartridges and discs, and are the mainstay of gamers' video game collections. They played a central role in the early personal computer systems that began to develop around this time. So did the awfully colourful shirts of that era and permed hair. Fortunately, the latter are no longer around. But let us look at what made cartridges so special. Tangible media meant flexibility, but also brought problems with physical design, backward compatibility, and copying. However, they could be exchanged or resold. You could actually own a purchased game and your access was not blocked by the subscription restrictions of an online platform. Remember the feeling of picking up a freshly purchased game? Not comparable to lines of text or icons on Steam or a console. Stay tuned, because in this article we will give you a brief overview of a distribution model for games that combines the advantages of the good old cartridge days with modern digital resources. We will show you the possibilities of using blockchain cartridges to revolutionise computer software licencing in the 21st century. Issues with Current Gaming Distribution Models Due to the many issues associated with physical distribution, they were eventually supplanted by newer media accessible on consoles and PCs. Nowadays we are confronted with the digital form of distribution offered by large download portals. After capturing a big portion of the market, these platforms enforced their terms, severely limiting the possibilities for both developers and users. You can own a game with a licence associated with your individual user account. It may be convenient to own a game with a few clicks, but you as a player no longer own the copies you buy. They are stored on a central server, and you can lose access to your account at any time. Centralization is inevitable. What exactly are HashUp License Carriers? Or is it? A good example is the latest trend towards licences based on a subscription model. At first glance, it seems like a reasonable system, as you can pay for time-limited access to a library of games of all kinds. However, since there is no way to own and trade your copies of games, subscription platforms monopolise the market and push developers towards high quantity rather than quality. But there is another way. Ask yourself how both users and developers can take control so that players can truly own and trade your games in a convenient digital way, while developers can benefit and focus on content quality? Read next: Gari Networks Future Looks Bright As The Market Waits For $GARI To Launch. | FXMAG.COM The latest model is licencing the code through Hashup platform. What does that mean exactly? Cartridges are being brought back to life through the digital world of blockchain and cryptocurrency. Essentially, blockchain comes to the rescue by transferring the physical properties of carriers into the digital world, similar to blockchain technology. Why not NFT? Another pressing question arises. If we are considering blockchain as a technology for game distribution, why not NFT? The answer is simple. These cartridges carry ERC20 licenses, which are the industry standard for a homogeneous token that can be used in crypto wallets. NFTs are non-homogeneous tokens that represent different items such as paintings or real estate, while cryptocurrencies are homogenized tokens of the "ERC20" type. Since game copies are of uniform nature, ERC20 tokens seem to be a preferred standard for game licensing. How would you transact millions of game editions via NFT without going crazy? HashUp Takes after Cryptocurrency Platforms HashUp is trying to build the world's first decentralized software marketplace. The core idea is to provide liquidity to games in the same way tokens do. As for the cartridge functionality on the blockchain, thanks to DeFi, any ERC20 token can be exchanged for another at the market price as long as the two tokens have the same liquidity. Moreover, since ERC20 is the default token interface on the blockchain and the basis of HashUp license holders, our gaming licence may be stored in any cryptocurrency wallet. That sounds convenient, does not it? The HashUp was developed with cryptocurrency platforms and development in mind. This is what happens when you mix game distribution and cryptocurrencies. You get an alternative system that can be used for computer games and software. Our goal is to decentralize software distribution. To achieve this, each game has its own ERC20 token that reflects its real value. The value of the token # is related to the amount of software published on the platform. Essentially, all the revenue generated by the distribution network is aggregated into a # token and distributed to the community. What are GameCap.io and GameXplorer.io? Another important concept you should be aware of is GameCap.io, a cryptocurrency term that has been implemented into the digital cartridge market. GameCap.io could be considered a bridge between CoinMarketCap and a decentralised exchange (DEX) that assigns a rating to games based on various factors such as volume. Read next: (DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin| FXMAG.COM The platform is integrated with GameXplorer, the world's first blockchain explorer for gamers that specialises in HashUp-compatible cartridges and projects. Interestingly, public addresses are used to create gamer accounts. When you combine game distribution and the power of blockchain and cryptocurrencies, new doors open for gaming platforms. Blockchain-based distribution not only restores the benefits of reliable physical distribution of games, but also creates entirely new opportunities. For example, a game can be held in TrustWallet as a cryptocurrency by carrying a licence, where one token unit corresponds to one licence unit. The Future of Game Distribution with HashUp Tech It is a natural step in the development of software and its distribution to use blockchain technology to accelerate commerce and create new market opportunities for both players and game developers. The future of game distribution with HashUp technology is fair, efficient and transparent. The old world of cartridges collides with the digital age, eliminating the need for intermediaries, physical carriers and a variety of payment methods. Users and game publishers regain control over game distribution. Dare to Publish Your Games at Hashup! HashUp offers plugins that allow you to trade between any games or tokens on a developer's website. It is a mixture of a collection and a subscription model. Did you know that we are looking to build the world's first decentralized software marketplace capable of providing liquidity to games in the same way tokens do? Take control of Your game's distribution and do not hesitate to publish it on our platform - even older, already released titles are welcome here. We are here to help you distribute your game in a fair and convenient way!
Claim Exclusive POAP NFT Rewards During Alpine Esports Series Championship 2022 Powered by Binance

Claim Exclusive POAP NFT Rewards During Alpine Esports Series Championship 2022 Powered by Binance

Finance Press Release Finance Press Release 09.05.2022 08:57
The Alpine Esports Series Championship 2022 Powered by Binance will be covered by three live streams starting from 2022-04-28. There will be a combined prize pool of $100,000 worth of ALPINE Fan Tokens and NFTs to be shared. 30 drivers from across 10 countries shall fight it out in the Assetto Corsa Competizione game to claim their share of a $90,000 ALPINE token prize pool from Binance as well as other prizes from Alpine Esports partners. Live stream viewers will be entitled to claim exclusive POAP NFTs and share $10,000 in ALPINE Fan Tokens.   Live Stream Schedule Round 1: Races 1 & 2 on 2022-04-28 at 18:30 (UTC)Watch on Binance Live Round 2: Races 3 & 4 on 2022-05-12 at 18:30 (UTC)Watch on Binance Live Round 3: Races 5 & 6 on 2022-06-23 at 18:30 (UTC)Watch on Binance Live New User Exclusive: Watch Live Streams to Share $6,000 in ALPINE All Binance new users who register for a Binance account via this link starting from 2022-04-28 at 18:30 (UTC), watch the live streams and confirm their participation here will be eligible to share a $6,000 prize pool in ALPINE Fan Tokens on a first-come-first-served basis. Scan POAP QR Code & Claim “Binance Alpine GT4” POAP NFTs Binance Fan Token will be giving away exclusive Proof of Attendance Protocol (POAP) NFTs to reward all viewers attending the live streams of the Alpine Esports Series Championship 2022 on a first-come-first-served basis. Look out for the QR code on-screen during each live stream, scan it, and claim a Binance Alpine GT4 POAP NFT in the Binance app. Users can then view the successfully claimed NFTs in Binance NFT Marketplace > User Center > NFT Assets > Collections. Make sure to tune in early to redeem them as there will be a limited quantity of Binance Alpine GT4 POAP NFTs released. Each Binance Alpine GT4 POAP NFT represents a part of the Binance Alpine GT4 car. Viewers who collect all five POAP NFTs will get a chance to win a limited edition Binance Alpine GT4 NFT Mystery Box on a first-come-first-served basis. This Mystery Box collection has four unique car designs, and each of a different rarity. The rarity of each NFT will be determined by the popularity of each NFT design in the Alpine Fan Voting poll. It could be one of the following: Super Super Rare Super Rare Rare Normal For viewers who are not able to collect all five Binance Alpine GT4 POAP NFTs, they may collect Binance Alpine GT4 NFTs on the Binance NFT Marketplace secondary market. These Binance Alpine GT4 car designs will also be available in the Assetto Corsa Competizione game. Additional Benefits Holders of all five Binance Alpine GT4 POAP NFTs who do not win the Mystery Box will share an ALPINE prize pool worth $4,000. Exact mechanics will be revealed later on the Binance Fan Token Twitter page. Holders of all five Binance Alpine GT4 POAP NFTs will be able to join future ALPINE activities, including purchasing new ALPINE NFT collections, participating in ALPINE NFT PowerStation activities, as well as having access to future metaverse partners. Holders of Super Super Rare Binance Alpine GT4 NFTs will receive limited edition merchandise and tickets to virtual meet & greet, with details being revealed later on Binance Fan Token Twitter page. Terms & Conditions Only users who complete KYC by the end of the activity period will be eligible for any rewards. There will be one QR code for ALPINE Fan Token rewards for new Binance users only, and one QR code for the Binance Alpine GT4 POAP NFTs for all users. Users who collect all five Binance Alpine GT4 POAP NFTs stand a chance to receive a maximum of one Binance Alpine GT4 NFT Mystery Box. Binance Alpine GT4 POAP NFTs and Binance Alpine GT4 NFT Mystery Boxes can be viewed on the activity page accessible only through the live stream, and will be available in respective winners’ accounts via Binance NFT Marketplace > User Center > NFT Assets > Collections. ALPINE Fan Token rewards will be allocated to winners’ Binance Wallets within 14 business days after the activity period ends. Users can view their rewards by selecting Wallet > Distribution. Binance reserves the right to disqualify any participants immediately for any improper behaviors. Binance reserves the right to cancel or amend the Activity or Activity Rules at our sole discretion. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. Risk Warning: Binance Fan Tokens may fluctuate in value and you should conduct your own due diligence of the suitability of tokens and the risks involved before you enter into any transaction. To access and use the Binance Fan Token Platform you must go through our mandatory KYC and Identity Verification process and agree to the Binance Fan Tokens Terms and Conditions and the general Binance Terms of Use. Binance has the right to modify and terminate tokens, utility features, and the entire Binance Fan Token Platform with all its related content without notice or liability to users. It is your responsibility to determine whether you are permitted to use the services of the Binance Fan Token Platform based on the legal requirements in your country of residence. Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Learn & Earn with Esteban Ocon from BWT Alpine F1® Team: $10,000 in ALPINE and 100 ALPINE NFTs Up for Grabs!

Learn & Earn with Esteban Ocon from BWT Alpine F1® Team: $10,000 in ALPINE and 100 ALPINE NFTs Up for Grabs!

Finance Press Release Finance Press Release 04.05.2022 12:04
We are excited to introduce the latest addition to Binance Learn & Earn with ALPINE, the official Binance Fan Token of BWT Alpine F1® Team. Learn with Esteban Ocon from BWT Alpine F1® Team for a chance to share a total of $10,000 in ALPINE Fan Tokens and 100 ALPINE NFTs!   Activity Period: 2022-04-28 10:00 (UTC) to 2022-05-30 23:59 (UTC)   How to Enter: Complete Identity Verification (KYC). Follow @BinanceFanToken and @AlpineF1Team on Twitter, and retweet this tweet with the #AlpineLearnAndEarn hashtag. Learn about ALPINE from Binance Learn & Earn, Binance Fan Token, as well as additional videos, which will be released on Binance Fan Token’s Twitter during the activity period. Complete and pass the quiz. How to Win: New users who sign up for a Binance account during this period, will be ranked by their scores in the quiz. The top 10,000 new users will each be rewarded with one ALPINE Fan Token. For existing Binance users, the top 100 users ranked by their scores in the quiz, will qualify to each receive one ALPINE NFT. Please Note: In the scenario where multiple users have the same score on the quiz, and they are eligible to each receive a reward, rewards will be distributed on a first-come, first served basis. Learn and Earn ALPINE Now! Terms & Conditions Only users who complete KYC by the end of the promotion period will be eligible for any rewards. ALPINE rewards will be allocated to winners’ Binance Wallets within 14 business days after the promotion ends. Users can view their rewards by selecting Wallet > Distribution. The ALPINE NFTs will be airdropped to the winners’ Binance wallets within 14 days after the promotion ends. Winners can find their NFT rewards via Binance NFT Marketplace > User Center > NFT Assets > Collections. Binance reserves the right to disqualify any participants immediately for any improper behaviors. Binance reserves the right to cancel or amend the Promotion or Promotion Rules at our sole discretion. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. Risk Warning: Binance Fan Tokens may fluctuate in value and you should conduct your own due diligence of the suitability of tokens and the risks involved before you enter into any transaction. To access and use the Binance Fan Token Platform you must go through our mandatory KYC and Identity Verification process and agree to the Binance Fan Tokens Terms and Conditions and the general Binance Terms of Use. Binance has the right to modify and terminate tokens, utility features, and the entire Binance Fan Token Platform with all its related content without notice or liability to users. It is your responsibility to determine whether you are permitted to use the services of the Binance Fan Token Platform based on the legal requirements in your country of residence. Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Being Paid Money For Playing A Game!? When it's hard to break yourself away from the screen – P2E analysis. Play To Earn Games; RoboHero (ROBO)

Being Paid Money For Playing A Game!? When it's hard to break yourself away from the screen – P2E analysis. Play To Earn Games; RoboHero (ROBO)

Finance Press Release Finance Press Release 29.04.2022 14:39
Games are an excellent way to escape from the daily routine and enter the new world. Gaming has many faces, it could be your biggest passion, Sunday fun, or earning method. The latter mentioned is a relatively fresh concept for the world of digital entertainment. It is worth taking a closer look at it to understand what makes us unable to tear ourselves from the computer or smartphone’s screen for hours. Would you like to know what elements should have the quality Play-to-Earn (P2E) title? We invite you to the text! Refined business model P2E is from the financial perspective a moneymaking tool. It's driven by a game token and provides users with diverse and effective ways to collect funds, some of which will be used to develop the game. It provides an effective model, from which the income will be divided between investors – gamers, the project’s team, and the product – itself. It is a recipe for motivation to keep playing and product development. The possibility of making a steady income that could be your second salary sounds very attractive, especially when we're talking about passive income.  Read next: Play To Earn Games: Revolution On The Games Market – Let's Talk About P2E. What Is Play To Earn? RoboHero (ROBO)| FXMAG.COM As we mentioned before, the fuel that powers the game is token, which value depends on many factors. These include development plans (roadmap), burning part of the supply to increase the price, utility token scope (e.g., internal metaverse economics), etc. It is crucial to reach different clients groups – long-run investors, people who just like to click around and make a few dollars after work, and people who will make it a regular income. Nowadays, we have considerable possibilities, a dozen years ago we wouldn't even consider farming gold in World of Warcraft.  Diverse ways to get funds P2E games offer a wide range of possibilities to claim tokens. It depends on the characteristics of the game. However, the most common theme is a fight in which the winner receives funds from the pot. They are coming from the game’s treasury when the battle is in PvE mode or the players are allocating tokens for the common pool for the winner in PvP. There are also mechanics that we already know from MMO games, such as selling acquired items on the marketplace and trading characters, etc. However, these are ways of active income, which require completing certain tasks to collect a reward.  The real potential of Play-to-Earn is hidden in passive income. At this point, we can use the example of the RoboHero mobile game. In addition to the extensive opportunities to generate active income, we have vast opportunities to earn passively. You can rent your character to another player, lend an advertising billboard in the game and get a lease payment or become the NFT landowner, where the robot fights and get a commission from each battle. This gives many possibilities, from which you can create a superb plan for profit.  Read next: (ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)| FXMAG.COM In the world of blockchain entertainment, some issues are appearing, foremost – the game’s entry barrier. Usually, you need to pay a minimum of several hundred dollars for a character that you will perform tasks. Here, it is worth mentioning again the example of RoboHero, which came out to meet the community and offered a Watch-to-Earn application. It allows you to raise funds for your first robot by watching ads. This is an excellent practice that can become an inspiration for other game developers.  Engaging gameplay We don't forget how crucial is the user experience itself. The high-quality P2E game features the proper balance between earning and playability. If there will appear a deficit of one factor, it can't be made up with more of the other. Playability is a set of rules and game mechanics that contribute to the enjoyment of the game. The real essence of game success is the level of positive emotions you draw from a title. It consists of elements like among others metaverse design, graphics, idea, and plot. Authors need to find a golden proportion in composing these elements. Sometimes less is better. Do you remember Heroes III? An outstandingly playable game that was a tremendous success. Although the graphics and story were in second place, it was the gameplay mechanics that made this title extremely popular until now.  Different recipes for the game As a curiosity, we can introduce to you a distinguished mechanics we can meet in Play-to-Earn titles. We have to admit that authors’ creativity is limitless. Take a look at the gaming models' examples: CryptoCars - earning tokens by driving the car through the road, avoiding obstacles. Pegaxy - taking part in horse races, in which the best contestants are rewarded with tokens CryptoBomb - Escaping from the bomb field on 2D boards. If you survive, you win. Farmers World – you buy in-game NFT land, where you grow certain resources, harvest, and sell them The very friendly gameplay and refined economics of such titles make earning straightforward and fun. In that industry, everyone can find a title that fits them. Different recipes for the game. Summarizing Creating a good Play-to-Earn title is an art. It’s a huge challenge from the technical, financial, organizational, and marketing points of view. This is a young branch of the market, so we are now seeing its wonderful innovative beginnings. It’s worth being interested in this industry and bringing as much enjoyment and funds out of it as possible. Sometimes it's better to change the approach and give a chance to modern earning methods. Being landlord and billboard in-game tenant sounds fantastic. It’s simple – you get tokens and exchange them for fiat money.  After all, who in their youth didn't dream of making money from playing?
Ukrainian IBOX BANK increases the amount of its authorized capital and becomes a second-tier bank

Ukrainian IBOX BANK increases the amount of its authorized capital and becomes a second-tier bank

Finance Press Release Finance Press Release 28.04.2022 08:35
The Committee on Supervision and Regulation of Banks and Payment Systems of the National Bank of Ukraine confirmed the implementation of all economic standards by IBOX BANK, which allow the financial institution to become a second-tier bank. This information was published after the approval of the new edition of the charter of IBOX BANK by the National Bank. The charter was updated in connection with the increase of the authorized capital to the amount of UAH 741 million. Over the past few years, IBOX BANK's assets have grown almost fourfold "Despite the war, the bank capitalizes all income and becomes a second-tier bank. By making such investments we contribute to the stability of Ukraine's economy in the conditions of a military state. By choosing a proper sequence of implementation of our strategy and scaling we are able to show significant growth in all major indicators. Over the past few years, IBOX BANK's assets have grown almost fourfold, which contributed to the growth and transformation into a medium-sized bank," said Alona Shevtsova, shareholder and Chairman of the Supervisory Board of IBOX BANK. Read next: Zuckerberg Didn't Shock Market! Meta Platforms Inc. (FB) Q1 Earnings Announcement Expected Whilst GlaxoSmithKline (GSK) Delivers Favorable Figures | FXMAG.COM Such an increase in the authorized capital of IBOX BANK confirms the unwavering faith of shareholders in the economy of Ukraine On February 28, 2022, the shareholders of IBOX BANK invested more than 500 million UAH in order to support the development of the bank. Such an increase in the authorized capital of IBOX BANK confirms the unwavering faith of shareholders in the economy of Ukraine, and the stability of the banking system, which will become the backbone of the country's renewal after Ukraine's victory over the army of the invader. The shareholders of IBOX BANK believe in Ukraine and in our victory over the enemy," said Petr Melnyk, Chairman of the Board of IBOX BANK "Despite the open military aggression against Ukraine, as well as a wide range of military actions, IBOX BANK conducts full-fledged activities in extremely difficult conditions. The shareholders of IBOX BANK believe in Ukraine and in our victory over the enemy," said Petr Melnyk, Chairman of the Board of IBOX BANK. Read next: Meme coins: (SHIB) What Is Shiba Inu Token? Shiba Inu Coin Price. What Makes This Altcoin So Special? Clever Methods Used To Give High Crypto Returns | FXMAG.COM IBOX BANK has been operating in the Ukrainian financial market since 1993. Already by the end of 2021, the National Bank of Ukraine named IBOX BANK one of the most profitable banks in Ukraine. Over the past year, the loan and investment portfolio showed an increase of 67%, while the balance sheet capital increased by 136%. As a result, all financial indicators increased by 378% at the end of last year (compared to 2020). We would like to remind the audience that last year IBOX BANK continued to expand its branch network, and offered new card products, including solutions developed with Moneyveo. Apple Pay, Google Pay, and Garmin Pay contactless payments have been launched together with Visa. In December 2021, IBOX BANK launched a mobile application for smartphones on Android and iOS.
Zhao: FTX Turned To Binance For Help | Bitcoin's Price Is Located Below The Technical Support

Looking For The Best Crypto Exchange? Where To Buy Bitcoin? Gate.io Becomes The Second Largest Crypto Exchange By Trading Volume

Finance Press Release Finance Press Release 21.04.2022 08:58
Gate.io, one of the oldest cryptocurrency exchanges in the world, has become the second largest crypto exchange by trading volume according to data from CoinGecko, securing its spot as one of the leading exchanges worldwide GateChain, its native blockchain ecosystem and Gate Ventures, its venture capital investment division Founded in 2013, Gate.io has become one of the world’s leading cryptocurrency exchanges with a wide range of products including Startup, which allows users to invest in projects early on; NFT Magic Box, which allows the creation and trading of NFTs; GateChain, its native blockchain ecosystem and Gate Ventures, its venture capital investment division. Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events Platform surpassing 10 million users in early 2022 Gate.io’s wide range of products and services have led to a rise in the platform’s popularity, with the platform surpassing 10 million users in early 2022, pushing it to become the second largest crypto exchange in the world based on daily trading volume according to data from CoinGecko. The company offers over 1,400 tradable cryptocurrencies on its spot market “This is another remarkable milestone for us at Gate.io as we approach our 9th birthday. Our unwavering commitment to providing our users with a safe and secure platform with a comprehensive suite of products and services remains the key to our exponential growth over the last couple of years, and we have no plans on slowing down,” said Marie Tatibouet, Chief Marketing Officer at Gate.io Related article: Monetary Policy Drives EUR/USD, The Future of the EUR/GBP Awaits the Bank Of England's Speech - Good Morning Forex| FXMAG.COM The company offers over 1,400 tradable cryptocurrencies on its spot market, which has seen daily trading volume surpass $3 billion, securing its spot as the second largest exchange in the world. Gate.io has over 10 million users worldwide and prides itself on having the widest variety of tradable assets of any leading exchange. About Gate.io Established in 2013,  Gate.io is one of the oldest, leading cryptocurrency exchanges. Gate.io offers most of the leading digital assets and has over 10 million registered users across the world. It is consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko, and has been verified by the Blockchain Transparency Institute (BTI). Additionally, Gate.io has been given a rating of 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021. Besides the main exchange, Gate.io also offers other services such as decentralized finance, research and analytics, venture capital investments, wallet services and more. Disclaimer: Gate.io may not provide its full scale of services in certain markets and jurisdictions, and may restrict or prohibit the use of all or a portion of the services in compliance with local regulations. For the latest list of all the restricted locations, please read the User Agreement, “Section II Eligibility” via https://www.gate.io/docs/agreement.pdf.
Play To Earn Games: Revolution On The Games Market – Let's Talk About P2E. What Is Play To Earn? RoboHero (ROBO)

Play To Earn Games: Revolution On The Games Market – Let's Talk About P2E. What Is Play To Earn? RoboHero (ROBO)

Finance Press Release Finance Press Release 19.04.2022 11:37
Gaming entertainment was always an industry with great development potential. Technological progress allowed us to create more and more complex titles that surprised us with the quality of graphics, mechanics, or ideas. The last twenty years have been a time of constant updates on gaming issues like reality level, the world presented to scale, or playability, but our minds get used to it. It’s much harder to impress us, so maybe there’s a time for a different approach? In this article, we will introduce to you, the Play-to-Earn games – a special kind of money-earning tool. Nowadays, the title has more purposes – to give you joy and also let you earn. What does it look like in practice? Let’s talk about it! How have we made money from gaming so far? The idea of exchanging your time in front of the screen for cash appeared a long time ago. It required a lot of creativity. There weren't any direct solutions from the games side, that would allow the money to appear on your account. The range of options was divided into those that could be used by anyone, and those that would require different conditions to be met. To the first mentioned we can classify farming and selling gold in MMO RPG, unique items, whole accounts, and renting servers. To the second group, we can put being a pro e-sport gamer or streamer of your gameplay who receives donations. The common denominator of both sections is showing your initiative as a player to make money. There hasn't been a tool before that comes to you and says, “hey, act in a specific way, and you'll pay out money”.  Article on Crypto: Hot Topic - NEAR Protocol! Terra (LUNA) has been seeing a consistent downward price trend, DAI Should Stay Close To $1 P2E has introduced itself to the market and gained many enthusiasts P2E games are working similarly to others in the crypto industry. The engine of the initiative is the idea and token which is issued to the market. With the proper marketing background, the community is gathered. They are observatories of the development process, and sometimes take a part in the decision-making by voting. A token has a certain value, which is also a reflection of the interest in the game from both the speculation and utility side of the token. An interested person can, for example, buy a number of tokens, spend some on in-game utility, and some on staking or farming. However, the earning potential doesn’t stop here. You can treat it as an investment instrument, but the main functionality is dedicated to inside-metaverse solutions. Your funds are your currency for which you buy characters, items, boxes, etc. Usually, it is also a reward in battle. Fighting with enemies is the most common way to earn income by actively doing certain activities in P2E.  How does it look in practice?  Let’s use the example of the RoboHero mobile game. The title has its ROBO token exchangeable to UST. Moreover, you can allocate it on staking or farming with high APY and after the game release, you can buy a robot, upgrades, land, or billboards. The last two mentioned require a word of explanation. You can earn passively, sharing your NFT lands as fighting arenas for PvP. Billboards work the same as in real life – you rent them for advertising, and you get paid. Passive income solutions in Play-to-Earn are wonderful. You can get tokens for being a landlord and at the same time win tokens in battles. Why become a tenant in real life when you can do so in the metaverse? RoboHero deserves praise for a certain solution, which is a very nice step for the community. P2E games often had high barriers to entry. Starting an adventure required a minimum of several hundred dollars out of your pocket. Examples of such games are CryptoKitties or Axie Infinity. Not everyone can spend so much money right away, especially when they don't know if they will like the game and will continue to use it until the investment pays off. Thankfully, there is another approach – a Watch-to-Earn app has been launched for RoboHero, so for watching ads you'll claim the funds for your first playable robot. Sounds good to us.  Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun Summarizing Ten years ago, we were farming gold in World of Warcraft, today we are farming tokens dedicated for fiat money exchange. The market is moving in our favor as gamers have more and more opportunities to monetize their activities. The profession of a full-time gamer has so far been associated with e-sports players. We may need to redefine the term to describe someone who plays P2E titles 8 hours a day. In the Philippines, people are playing Axie Infinity and making good money from it. They treat it as a full-time job like being an Uber driver. Who knows, maybe other parts of the world will one day switch from casual work to mobile gaming.
CD PROJEKT looks back at 2021

Cyberpunk 2077, The Witcher, Epic, Unreal Engine - (CDR) CD PROJEKT Looks Back At 2021

Finance Press Release Finance Press Release 15.04.2022 13:47
In 2021 CD PROJEKT focused on improving Cyberpunk 2077 gameplay and on preparing the game’s next-gen console edition. The year was also marked by internal changes, as announced in the Group’s strategy update. With regard to its strategic vectors, CD PROJEKT announced a transformation of its studio, which involved, among others, changing the way development projects are managed. - We want to keep growing and operate more effectively – thus, we’ve set out to improve our development and communications processes, while also placing greater emphasis on our team. As part of the RED 2.0 transformation initiative, we’re gradually introducing our developers to the Agile work model. While much remains to be done, we can already see positive effects brought about by these changes – says Adam KiciÅ„ski, CEO of the CD PROJEKT Group. In the past year CD PROJEKT RED focused on improving Cyberpunk 2077, releasing a total of 8 updates for the game. - We believe in the long-term potential of our newest release; thus, one of our priorities for 2021 was to improve Cyberpunk 2077 gameplay. We are now satisfied with the game and encouraged by the gamers’ reception of its next-gen console edition, which launched this February. Altogether, we’ve now sold over 18 million copies of Cyberpunk 2077 – remarks Piotr Nielubowicz, Vice President and CFO of CD PROJEKT. In 2021 the CD PROJEKT Group obtained 888 million PLN in revenues, driven mainly by sales of Cyberpunk 2077. The Group’s consolidated net profit for the period was 209 million PLN. - Despite having paid out our highest-ever dividend, at over 500 million PLN, and continuing development work on games – both existing and upcoming – by the end of 2021 the balance of our financial reserves, that is cash, bank deposits and treasury bonds, had increased by nearly 280 million PLN. Over the past years we’ve established a solid financial backbone which secures our independence and enables further growth of our Group – adds Piotr Nielubowicz. In the past year CD PROJEKT intensified its M&A activities, as declared in its strategy update. The Group acquired two North American entities: Digital Scapes (later rebranded as CD PROJEKT RED Vancouver) and The Molasses Flood. The Canadian team was integrated with the organizational structure of CD PROJEKT RED and supports the studio’s development projects, while The Molasses Flood is working on a separate game based on one of CD PROJEKT’s franchises. – We welcome the Vancouver and Boston studios – both are experienced and ambitious teams, possessing extensive know-how. We plan to expand them both in the coming years. Each of these transactions enhances the core competences of our Group – summarizes Adam KiciÅ„ski. In March of the current year CD PROJEKT RED announced that it had entered into a long-term strategic partnership with Epic Games, as a result of which future releases will be based on Unreal Engine 5. The Studio also revealed that the next installment in The Witcher franchise was under development. Thus far, over 65 million copies of The Witcher games have been purchased by gamers, including over 40 million copies of The Witcher 3: Wild Hunt. The full consolidated financial statement of the CD PROJEKT Group, along with the Group’s Sustainable Development Report for 2021, can be found at https://www.cdprojekt.com/en/investors/result-center/ . Source: CD Projekt
What Is Gaminate? Energizing Nourisher For The Brain

What Is Gaminate? Energizing Nourisher For The Brain

Finance Press Release Finance Press Release 08.04.2022 13:58
Fundamental question: What is GAMINATE and what it is not? People hearing in different situations of GAMINATE for the first time might be divided into three main groups: those who want to test it right away, because they understand what it is and why they should use it – this group is of course “the easiest” for us, because all they need is to verify its effectiveness on themselves, and this is already not difficult at all  And two more difficult ones: those who ask for the short, “one sentence” explanation of what the product is and what it gives and those who immediately say: “… chemical, designer drug, not for me …” And to be honest, out of the last two, paradoxically, with the former group I had a much bigger problem   It is relatively easy to tell someone “doubting” about the whole idea of ​​a product, how does it work, ingredients, that it is generally completely different than what (s)he thinks, having “at your disposal” a few minutes or a dozen or so sentences. But it has always been extremely difficult for me to include the whole in one short sentence. Finally, I succeeded, and if I were to summarize the whole idea standing behind GAMINATE literally in 4 words, I would say that it is: ENERGIZING NOURISHER FOR THE BRAIN, which de facto describes the key functions of the product, and having another 3, I would add IMPROVING COGNITIVE SKILLS. NOURISHER, because the basic function of the product and the way it works is to nourish our brain.  It is not a kind of steroid or the designer drug (and this is often the first association), which will short-term increase the brain’s efficiency while excessively exploiting and even destroying it (something a’ la overclocking the processor) The vast majority of the ingredients of which GAMINATE is composed are the so-called precursors of the key for the proper functioning of our nervous system neurotransmitters such as serotonin, melatonin, dopamine, acetylcholine, GABA, adrenaline …   What are neurotransmitters? Neurotransmitters, on the other hand, are substances thanks to which any communication between neurons in our brain can occur, so any deficiencies or disturbances in their proper level immediately negatively affect the functioning of our nervous system, and thus very often the entire body. What from my point of view was crucial by the development of GAMINATE’s recipe, is that an inappropriate (understated or unbalanced) level of neurotransmitters doesn’t allow our brain to work with a capacity for which it was naturally created. Thus, due to deficiencies or disturbances in the functioning of neurotransmitters, we are not able to use our natural potential. We are not able to learn new things as efficiently and quickly, memorize, associate, or even react quickly to external stimuli as the nature predestined us to  Neurotransmitters and Gaminate As I mentioned, the ingredients present in GAMINATE are mainly precursors of these neurotransmitters, i.e., substances from which our body synthesizes itself the necessary neurotransmitters in appropriate amounts. Therefore, among others, there is no risk of any “overdose” of active substances. And where do the common deficiencies come from and why do we “need” to provide these precursors in the form of a supplement such as GAMINATE? Unfortunately, our modern lifestyle and a poorly varied diet, very poor in valuable nutrients, are responsible for that. We are able to provide all the ingredients necessary for our body for the optimal (at the best possible level J) functioning with the proper diet. However, the universal truth is that the vast majority of us do not provide it… And here is where products that will provide the body with the right, natural for it building materials, without affecting it excessive exploitation, can be helpful.  This is why I would call GAMINATE a kind of NOURISHER FOR THE BRAIN, which is to provide it with the ingredients necessary for its optimal operation J. Why ENERGIZING? The nutritional function, which from my point of view is the most important function of GAMINATE, reveals its beneficial effects only after some time – preferably several days or several weeks of use, although the impact on the ad hoc level of some neurotransmitters is relatively quick – noticeable shortly after consumption. And interestingly, relatively often (because the aforementioned deficiencies are practically common in the population), a clear effect of improving cognitive abilities is felt by many users almost immediately after consumption. Sometimes – which is conditioned by individual features – the effects that our users write about are simply spectacular J. But there is really no “magic” here, this is simply how “ordinary” supplement of some permanent lack can work.  While developing the GAMINATE recipe, from the very beginning, our goal was to create a product that would really, noticeably for users, increase their cognitive abilities and if we did not succeed, the product would not finally appear on the market (unlike many, many others … ;-)), because, in our opinion, it would not have a chance to survive in the long run. Therefore, our recipe includes as many as 12 main active ingredients (some in 2 forms) enriched with a vitamin complex and coconut water for better hydration. And all this in doses that ensure the real effect of these ingredients, and not “homeopathic” that only give the opportunity to construct a long and nice-looking list on the product label J (which is unfortunately an extremely common phenomenon in the supplement industry …). For users to be able to feel the positive effects of GAMINATE, they should be able to feel it almost immediately, because this is also the general expectation of users of majority of different types of products – we want the effects almost immediately, here and now, and we have set ourselves the goal of meeting these expectations. Therefore, we have planned to obtain a double or dual in term of time action of GAMINATE: long-term – related to the function of a nourisher for the brain “immediate”– practically immediately after consuming, associated with the feeling of a surge of positive energy and mental refreshment. And this second one, and in fact the first, in retrospect, I would just call ENERGIZING.   And I will also touch on a frequently raised issue here – yes, that caffeine in a relatively large part is responsible for the energizing effect, but it is not a dose that, even if consumed daily, would harm anyone (one serving of GAMINATE provides 200mg of it, which is half the daily dose considered to be completely safe) – it corresponds more or less to the dose present in 1-2 coffees, and we can drink a few of these a day. However, what is crucial from the point of view of the GAMINATE recipe and the effects of caffeine, is that due to the fact that it is combined with a matrix of other ingredients acting synergistically with it (e.g., l-theanine), its action is significantly modulated and extended over time. It is accompanied by the aforementioned ad hoc increase in the level of neurotransmitters, thanks to which the energizing effect has a fundamentally different nature than that commonly known for example from standard energy drinks. And to describe how different this effect is, I will use a quote from the opinions of our users, which phenomenally (I admit that I would not convey it that well J) reflects its essence.  And so many of them writes that after drinking GAMINATE “they feel as if they are well rested after sleeping well” – and there is this fundamental difference between this immediate action of GAMIANATE and standard energy drinks. Energizers give you a sense of short-term excitement being the result of only caffeine and sugar, which helps you stay awake, while GAMINATE GIVES YOU A FEELING LIKE YOU ARE ALREADY SLEEPED AND RESTED J. For me, this is the essence of this “immediate” action of GAMINATE. So, summing up once again all, literally in one sentence – GAMINATE is ENERGIZING NOURISHER FOR THE BRAIN that improves cognitive abilities, and it is absolutely not the designer drug, steroid, “chemistry” shortly twirling brain like a clock in the processor exploiting it excessively. Marcin LeÅ›niak  Gaminate R&D Director
The Original Witcher Game Is Being Remade from the Ground Up!

Movie Games invites all gamers to playtest MythBusters: The Game & Fire Commander. Now, and free!

Finance Press Release Finance Press Release 08.04.2022 13:48
31 March 2022 – Movie Games would like to invite all gamers for free pre-release playtests of MythBusters: The Game and Fire Commander. The tests start today and will last for approx. 2 weeks. Anyone can join on each game's Steam page. Both games are scheduled to release in Q2 2022. MythBusters: The Game - PlaytestsBe a MythBuster in front of and behind the camera! The game is a first-person sim that adapts the famous Discovery show. Run crazy experiments and manage the production of episodes.  Join playtests on SteamAfter playing, please fill out the short questionnaire that you will find in the latest Steam post. Join the playtests for MythBuster: The Game today!     Fire Commander - PlaytestsSee what it means to face the fire. Command a firefighting unit in an exciting tactical RTS. Save lives and care for your team in 30+ missions. Be a real hero!  Join playtests on SteamAfter playing, please fill out the short questionnaire that you will find in the latest Steam post. Join the playtests for Fire Commander and play today! For more information, or an interview with the creators, please contact michal.puczynski@moviegames.pl    Follow Movie Games Movie Games on Twitter Movie Games on Instagram Movie Games on LinkedIn  About Movie Games Movie Games is a Polish game developer and publisher, listed on NewConnect, the Warsaw Stock Exchange's alternative investment market. The company was founded by game enthusiasts with experience in the financial, gaming, and media sectors. It consists of new talents and industry veterans, including Maciej Miasik, the key developer behind The Witcher, and David Jaffe, the creator of God of War, Piotr Gnyp, a longtime video game jouranlist and the creator of Polygamia.pl, and Tobiasz Piatkowski, one of Poland's most acclaimed art directors and comic book writers.Movie Games' portfolio includes adventure games (the Lust series) and simulators (Drug Dealer Simulator, Gas Station Simulator, MythBusters: The Game, and Alaskan Truck Simulator).  In 2021, Movie Games together with the production and post-production house Platige Image established Image Games, an indie premium developer focused on producing AA role-playing games.
The US Housing Market Is Experiencing Severe Price Drops |  The Market Is Now Leaning Towards A RBNZ Rate Hike By 75 bp

Warehouses are at a premium

Finance Press Release Finance Press Release 08.04.2022 12:31
The record demand for warehouse space, reported last year, continues. There are no vacant warehouses, despite the fact that the largest amount of logistics space in the history of our market is currently under construction in our country - In the warehouse sector, we have been looking at high activity of developers for several years. The motivation for investors to act is the constantly growing absorption of the Polish market. Last year, tenants leased a record number of 7.4 million sq m. of warehouse spaces. The demand increased by over 40 per cent, compared to the previous year. The sector is growing at a pace we have never seen before. The annual market growth exceeded 15 per cent. As much as 4.7 million sq m. of warehouse space remains in the country. In the EU, only Germany is building more warehouses than in Poland - says BartÅ‚omiej Zagrodnik, Managing Partner / CEO at Walter Herz. - The lack of immediately available warehouses means the growing pressure to increase rents. Already at the end of 2021, we could see a slight increase in the initial rental rates, generated by the rising costs of building projects. Opportunities for an increase in profitability in the warehouse segment in Poland are also created by the need to start new logistics destinations in our region in connection with relocating business from the conflict zones. Investors leaving Russia may also generate demand here – explains BartÅ‚omiej Zagrodnik. - Our Land Development service is becoming more and more popular. Through it, we search for plots and comprehensively prepare land for warehouse and production investments for our clients. We obtain planning permissions, make arrangements, analyze the efficiency of plots, make design preparations for exits/entrances, etc., providing investors with a comprehensive service and the most optimal solutions - adds BartÅ‚omiej Zagrodnik. - Last year, several large lease transactions for over 100 thousand sq m. of space were recorded in the warehouse segment. The sector also turned out to be the star of the investment market, reporting a record result in this field as well. Warehouse properties accounted for more than half of the volume of investment transactions worth EUR 5.9 billion registered in Poland. Nearly EUR 3 billion was allocated to the warehouse sector, which means an increase of 8 per cent y / y - informs Piotr SzymoÅ„ski, Director Office Agency at Walter Herz. Despite the global turmoil, Poland maintains its position of a mature market that has to offer good-class real estate at relatively lower prices compared to Western Europe, ensuring attractive returns on investment compared to other countries. - Capitalization rates for warehouse properties in the regional markets in Poland reach 5.0-5.5 per cent, and in the Warsaw region around 4.0-4.3 per cent. The confirmation of the continuing good economic conditions may be, among others, more spectacular transactions recently concluded in the commercial sector, including the purchase of The Warsaw HUB complex in Warsaw, Sky Tower in Wroclaw, and a plot of land at Towarowa 22 in Warsaw, intended for a mixed-use property - says Piotr SzymoÅ„ski At the end of 2021, domestic warehouse resources amounted to 23.8 million sq m. of space. Last year, according to Walter Herz, developers delivered over 3 million sq m. of warehouses to the market. The situation in the sector is conducive to the construction of new properties, at least half of which are carried out on a speculative basis. More than half of the warehouse and industrial space that make up the warehouse resources in Poland has been built in the last five years. The largest warehouse market remains the Masovian province, where nearly a quarter of the domestic supply is concentrated, followed by the Silesian, Lodz, Lower Silesian and Greater Poland provinces. In the remaining provinces, the warehouse facilities do not exceed 1 million sq m. of space. Last year, the largest amount of space was added in the following provinces: Silesian (620 thousand sq m.), Masovian (425 thousand sq m) and Lubusz (415 thousand sq m). The largest number of warehouses is currently under construction in the Lodz, Lower Silesian and Silesian provinces. The largest amount of warehouse space remains under construction since 2015. In 2021, 2.2 million sq m. more space was leased by tenants than in the previous year. The largest number of contracted warehouses was in the following provinces: Masovian (1.3 million sq m.), Silesian (1.2 million sq m.), Greater Poland (1.1 million sq m.) and Lower Silesian (1 million sq m.). The extremely high demand for warehouses was balanced by the high volume of new supply and additionally contributed to the reduction of the vacancy rate to over 3 per cent nationwide. Asking rents in Big Box warehouse facilities are currently between EUR 2.75 and EUR 4.5 / sq m. / month. Rental rates in city last mile or SBU warehouses remain at EUR 4 / sq m. / month, and in some large cities they can even reach EUR 6 / sq m. / month. About Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For ten years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners across the country. Walter Herz experts assist investors, property owners and tenants. They provide full service, to companies from the private as well as public sectors. Walter Herz advisors support clients in finding and leasing space, and provide consulting in the implementation of investment projects in the warehouse, office, retail and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
CD PROJEKT looks back at 2021

New Card Drop Now Available in GWENT!

Finance Press Release Finance Press Release 05.04.2022 19:14
CD PROJEKT RED today announced that a new card drop for GWENT: The Witcher Card Game is now available across all supported platforms, alongside the latest update for the game.   Dubbed Forgotten Treasures, the card drop features 21 new cards — 16 golds and 5 bronzes of various types, including artifacts, special cards, and units. All new cards utilize and expand existing game mechanics currently in use in GWENT, with card imagery inspired by the Golden Nekker Project — the currently in-development, upcoming single player spin-off based around the core gameplay and mechanics of The Witcher Card Game. The card drop is available for free as part of the game's latest update, which also features regular gameplay balance changes.   Learn more about the Forgotten Treasures card drop and Update 10.4     Also starting today, the GWENT in-game store is hosting a special, limited-time offer. The Forgotten Treasures Pack contains all of the new cards from the Forgotten Treasures card drop in their premium animated versions, as well as the all-new Abandoned Laboratory game board. The pack will be available until May 10th, 10:00 AM CEST.   GWENT: The Witcher Card Game, along with update 10.4 and the Forgotten Treasures card drop, is available for free on PC via GOG.COM and Steam, Apple M1 Macs running macOS, as well as on Android and iOS. For more information on GWENT, visit playgwent.com. Source: CD Projekt
Gate.io Sponsors Block World Tour Andorra 2022

Gate.io Sponsors Block World Tour Andorra 2022

Finance Press Release Finance Press Release 04.04.2022 09:12
Gate.io, one of the leading cryptocurrency exchanges joins the Block World Tour as an official sponsor of the Blockchain Summit which is being held at the Lauredia Cultural and Congress Center, Andorra on the 1st and 2nd of April, 2022. The 2- day Block World Tour is a global multicultural event aimed at connecting top industry experts and promoting various sectors of the advancing technology industry, highlighting its new developments and innovations. Featuring top speakers in the blockchain industry, the summit hosts a series of educational activities, promoting the inclusivity of the people in the expanding Blockchain world and sectors including NFTs, Metaverse, DeFi, and Web 3.0. “"The future of baking will be a bank without money, it will be a bank with finance digital assets"- Edmon Pallerola, during the Distributed Finance Panel at the summit. Members of the Gate.io team including the Chief Marketing Officer, Marie Tatibouet, and the Head Of Business Development, Mariela Tanchez are also present to share insights on the crypto industry. “2022 will be the year that Web 3.0 really comes alive. Many of the different blockchain technologies like Defi protocols, NFTs, DAOs are starting to truly interact with each other. Given the early stages we're in, it's still very much a beta experience. However, we will look back a few years from now as the first year the tetris machine started to assemble”, said Marie Tatibouet on the CEX - DeFi &Security Panel discussion. As sponsors of the Andorran Block World Tour, Gate.io aims to significantly support the blockchain industry as it remains among the top leaders of the space, enhancing connections and networking to further contribute to a successful future of the industry. About Gate.io Established in 2013, Gate.io is one of the oldest, leading cryptocurrency exchanges. Gate.io offers most of the leading digital assets and has over 10 million registered users across the world. It is consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko, and has been verified by the Blockchain Transparency Institute (BTI). Additionally, Gate.io has been given a rating of 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021. Besides the main exchange, Gate.io also offers other services such as decentralized finance, research and analytics, venture capital investments, wallet services and more. Disclaimer: Please be noted that Gate.io may not be able to provide full scale service in certain markets and jurisdictions, and Gate may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For detail of the restricted locations, please read the Terms of Service “Section II Eligibility”.
WTI Crude Oil: How to Turn a Stop-Loss into a Stop-Win

WTI Crude Oil: How to Turn a Stop-Loss into a Stop-Win

Finance Press Release Finance Press Release 01.04.2022 18:44
Sometimes, we can get kicked off by the market from our trading positions. But does it have to prevent us from securing profits? Well, not this time!No April Fool’s today – instead, here is a quick review of the trade entry provided in the pre-opening US session on Monday and its “stop-win” dragged upwards on Wednesday.Film of a Trade (Trade Plan Explained)The dip took place as the oil market bottomed at $98.44 (facing a rejection from the bulls towards the $100 mark), triggering the suggested entry around $99.55-101.29, highlighted by the yellow band. It happened at the same time when the Kremlin announced a significant de-escalation around the Ukrainian capital of Kyiv and Chernihiv.Thus, our subscribers got long around that pre-defined landing space (support). Not long afterwards, the first recommended target, projected at $113.90, was half-filled up. My recommended stop – initially placed just below the $92.20 level (March’s swing low) – could now be lifted:To new swing low ($98.44)To breakeven, or slightly above itPersonally, given the current volatility on the crude, I suggested dragging the stop up to $102.83 (Monday’s low - Mar. 28) and then lifting it again to $104.55 (Wednesday’s low - Mar. 30) once the prices break the $107.84 level (Tuesday’s high - Mar. 29).Since black gold was at that time trading at $107.20 (we were getting very close to it while I was writing my Oil Trading Alert on Wednesday, as prices made a high at $107.70 that day), I suggested setting a price alert up there (at $107.84).Monday (Mar. 28):WTI Crude Oil (CLK22) Futures (May contract, daily chart)Wednesday (Mar. 30):WTI Crude Oil (CLK22) Futures (May contract, daily chart)Friday (Apr. 1): WTI Crude Oil (CLK22) Futures (May contract, daily chart)Update: as I was writing these few lines on Wednesday (Mar. 30), my alert finally got triggered, so our stop was therefore lifted to $104.55 according to our flying map (trade plan).Wednesday (Mar. 30):WTI Crude Oil (CLK22) Futures (May contract, 4H chart)Here, I voluntarily removed the intermediate stop levels for better clarity, although you can look at them in the following chart:WTI Crude Oil (CLK22) Futures (May contract, 4H chart)Friday (Apr. 1):As you can see, the level provided was optimum given its possible support function (that is, acting as a floor for rebounding prices).On a side note, prices encountered some resistance as they were reaching the current month’s Volume Price of Control (VPoC). Therefore, exchanged volumes started accelerating around that level, and we wintessed a new accumulation cycle.Suddenly, yesterday, the United States announced the largest ever release of crude oil barrels from the US Strategic Petroleum Reserves (SPR), as well as President Biden made a call on oil giants to increase drilling in order to boost oil supplies.In response, the market retraced back to our support as prices recorded a 7% drop - at the end, we got stopped ideally still profiting from the market reversal (even though a retracement happened).Who said a strict risk management framework got out a fashion? That’s exactly how important it is for succesful trading!That’s all folks for today. Have a great weekend!Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Sebastien BischeriOil & Gas Trading Strategist* * * * *The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Drug Dealer Manager announced! New tycoon from Movie Games will make you the cartel king

Drug Dealer Manager announced! New tycoon from Movie Games will make you the cartel king

Finance Press Release Finance Press Release 01.04.2022 12:13
31 March 2022 - Drug Dealer Manager, a 3D crime tycoon from Movie Games, was just announced on Steam with a gameplay trailer. The game, developed by Movie Games' internal studio Exiles Studio, will let you take over an American metropolis and become the cartel king. Drug Dealer Manager is planned to be released in 2022.Claw your way to the top in the ruthless world of gangs. Hire carriers, dealers, triggermen, and spies. Establish routes for your couriers. Buy or take over buildings and set up your bases of operations. Drug Dealer Manager will let you in on the business side of crime.        The game's unique mechanics use information as one of the available weapons. Collect dirt on the people who threaten your operation. Use your knowledge as leverage in negotiations. Pay off the cops so they look the other way and shape your public image as a paragon of the local community.  Grow your reputation and become a brand among the city's nightlifers. But remember: the more powerful you become, the more people will want to take you down.     Drug Dealer Manager is the second crime game from Movie Games, following the 2020 hit Drug Dealer Simulator. This expanding Drug Dealer universe lets you taste the life of crime from unique and fascinating angles. Drug Dealer Manager is set for a 2022 release. Check Drug Dealer Manager's Steam Page Features Comprehensive tycoon gameplay with unique criminal mechanics Huge and detailed custom-designed 3D map of the city More than 2000 interactive buildings realized in a unique art style Information as a resource: collect rumours and dig in the past to get rid of your competitors Complex police mechanics: be a subject of investigations and give favors to build relations
Retail parks are a top investment

Walter Herz supports companies from Ukraine

Finance Press Release Finance Press Release 01.04.2022 11:40
Walter Herz consulting company together with partners has created an initiative of free assistance providing business, investment, legal and HR consulting for companies relocating their operations from Ukraine to Poland, thanks to a specially created project and platform The authors of the project explain that the motivation to take the initiative was the willingness to help Ukrainian companies that were forced to evacuate from their country and relocate their business as a result of the Russian invasion. - There are still few long-term concepts related to substantive support for investors from Ukraine, which is why we have developed a project thanks to which we will be able to help Ukrainian entrepreneurs in the long term for the benefit of our economy. Through the platform that we have just launched, we can offer free consulting to companies that move to Poland from danger zones. Investors from Ukraine do not know how to navigate in the reality of our business environment, which is why our project includes comprehensive consulting. We provide information on company registration, tax law, labor law, recruitment and lease costs, as well as help finding office and warehouse space - informs BartÅ‚omiej Zagrodnik, Managing Partner, CEO of Walter Herz. Page Group, a recruitment company with a global reach, and LSW LeÅ›nodorski Åšlusarek i Wspólnicy law firm are partners of the aid project created by Walter Herz. Such collaboration opens up more opportunities. Companies from Ukraine can count on comprehensive information and service. - Polish Investment and Trade Agency and local investor service departments operating at city offices have also joined our project. This gives us the possibility of broader investment consulting, based not only on commercial opportunities of our market, but also based on specific business development options in selected locations, offered by local governments, which also includes exemptions offered to investors - says BartÅ‚omiej Zagrodnik. Walter Herz company is constantly looking for new opportunities to increase the scale of assistance, primarily by expanding cooperation with partners. The initiative has already been supported by several entities, joined by other companies determined to provide free assistance to investors from Ukraine. For entrepreneurs relocating business from Ukraine to our market, Walter Herz consultants provide knowledge on the general economic situation in our country, the potential of individual market sectors in given locations, the labor market, as well as the regulations on running a business. - The information provided to Ukrainian companies concerns the costs of running a business in Poland, including space lease, company registration and employment. Together with our partners, we conduct videoconferences, during which we provide practical tips on the current conditions of local markets in our country. We recommend optimal solutions in specific cases. We share the information included in our reports and help create comparative analysis of various locations that investors are interested in - informs Mateusz Strzelecki, Head of Tenant Representation / Partner at Walter Herz. Mateusz Strzelecki notes that a large group of entrepreneurs from Ukraine who are using our consulting are technology and IT companies employing at least several dozen people. - The first choice for them is Warsaw and Cracow. They also decide to go to Wroclaw or the Tri-City. First of all, they are initially interested in leasing coworking space in a given city and the aspects of the process of starting a business in Poland - adds Mateusz Strzelecki. According to Magdalena Zagrodnik, Head of HR & Marketing, Partner at Walter Herz, refugee migrations have a positive effect on the labor market in the long run. - This has already been confirmed many times by surveys carried out in various countries that dealt with the phenomenon of high migration. Unfortunately, the current statistics show that a large number of entities from Ukraine, after a short stay in Poland, leave our country and move further, to Western Europe. Therefore, we must undertake the widest possible efforts to ensure that Ukrainian brands permanently move to us and have a real, positive impact on our economy, and not only treat Poland as a stop on the way to another country - says Magdalena Zagrodnik. - I would also like to add that, as part of the aid project, we have created a division to which we invite various organizations supporting units helping Ukrainian children, such as kindergartens, language schools or psychological clinics etc. We hope that with the participation of our partners, we will be able to offer truly comprehensive support - says Magdalena Zagrodnik.   About Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For ten years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners across the country. Walter Herz experts assist investors, property owners and tenants. They provide full service, to companies from the private as well as public sectors. Walter Herz advisors support clients in finding and leasing space, and provide consulting in the implementation of investment projects in the warehouse, office, retail and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
Who Benefits Most From the Russia-Ukraine War?

Who Benefits Most From the Russia-Ukraine War?

Finance Press Release Finance Press Release 28.03.2022 17:25
With the unrest in the Black Sea basin, it appears that there are two more cross-trade wars in the world. These are about energy and currency.Crude oil prices, down most of Friday, finally ended the week higher after a huge fire broke out at oil facilities in Jeddah, Saudi Arabia, following attacks by Yemeni rebels.The great winner of the Russian-Ukrainian conflict is undoubtedly the United States, which now seems to be taking advantage of Europe’s moment of weakness.The latter is indeed currently switching its energy supplies from Russian natural gas (pipeline-transported) to the much more polluting and much more expensive US shale gas. The reasons are much higher extraction (fracking) and transportation costs since it requires additional processes such as liquefaction/degasification and the deployment of more port terminals that are able to provide such steps – also much more energy-consuming – linked to Liquefied Natural Gas (LNG) supplies.(Source: ResearchGate.net)By doing so, the European Union is going to increase its dependence on the US whilst a new and stronger block (including Asia) emerges on the east side.As a result, we have already started to witness dedollarisation in international trade, with the petroyuan set to dethrone the heavily-printed petrodollar.No wonder that the US dollar supply surge has ended up triggering uncontrollable and probably still underestimated inflation. As a result, this monetary virus is spreading through the global economy at a faster pace than any other variant! WTI Crude Oil (CLK22) Futures (May contract, daily chart) Henry Hub Natural Gas (NGK22) Futures (May contract, daily chart)“Inflation is like toothpaste. Once it's out, you can hardly get it back in again. So, the best thing is not to squeeze too hard on the tube.” – Dr Karl Otto PöhlThat’s all folks for today. Happy trading!Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Sebastien BischeriOil & Gas Trading Strategist* * * * *The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Kinchance - A Crypto-Based Project To Help African People Grow And Develop

What Is Kinchance? A Crypto-Based Project To Help African People Grow And Develop

Finance Press Release Finance Press Release 28.03.2022 12:10
KINCHANCE - WHAT IS THE GOAL? What if, together, we could fill The Heart of Darkness with hope and opportunity? What if, together, we could give youth from one of the poorest regions in the world a chance to grow and develop? What if, together, we could find extraordinary talents and shape them into football superstars? Kinchance Football Academy is a for-profit social impact project that combines the world of football and blockchain technology. It has a clear vision - to become a model for football player development in Africa. Our project enables investors to participate in the creation of a unique environment where making a profit is inextricably linked to the idea of bringing hope to vulnerable and talented people. With the use of cutting-edge technology, such as blockchain and metaverse, Kinchance will make a lasting difference in the real world, offering investors an unparalleled experience of participation in a good cause. The aim of Kinchance is to offer a pathway to a brighter future through football and education for hundreds of Central Africa’s most talented young players. In a world-class facility, under the supervision of experienced staff and teachers, Kinchance will train, educate and inspire generations of immensely talented and extremely poor young individuals to realize their full athletic and intellectual potential. Thanks to the comprehensive work done by experts in the field, Kinchance will be able to offer the best of its graduates a chance to grow further in European partner clubs and make international careers, as well as to help dozens of people from their communities. Located in the heart of Africa, nestled on the outskirts of Kinshasa, the Democratic Republic of Congo, the Kinchance Academy will benefit from some key competitive advantages but, most importantly, will serve a very populous society of incredibly impoverished young people. Through passion and competence, Kinchance staff will combine the best practices in training, education and player development into the wealthy local talent pool, ultimately shaping world-class football players and great community leaders in the years and decades to come. Kinchance, as the name suggests, is about chances. A chance for a better life that our community will create for others and a chance for each investor to make profits while experiencing the humility and satisfaction that come from helping others. To make this innovative project even more enjoyable, we will adopt the latest technology, including the metaverse, and provide the Kinchance tokens with utilities that offer an unmatched level of insight and interaction. Unique NFT-based player profiles will add another dimension of fun, utility and value to the token. Indeed, it will allow investors to become football scouts on their own and enjoy premium benefits reflecting the performance and progress of the players. The construction of the Academy will be funded through a fundraising campaign run on the Terra blockchain in partnership with the StarTerra platform. Kinchance is indeed a unique investment in the crypto world. After all, every blockchain dollar fueled into Kinchance will make a real change and bring a massive impact on the harsh reality of young people in one of the poorest and almost forgotten places on our planet. Learn more on Kinchance.io  
Is There Any Gold in Virtual Worlds Like Metaverse?

Is There Any Gold in Virtual Worlds Like Metaverse?

Finance Press Release Finance Press Release 25.03.2022 12:15
Imagine all the people… living life in the Metaverse. Once we immerse ourselves in the digital sphere, gold may go out of fashion. Or maybe not?Do you already have your avatar? If not, maybe you should consider creating one, as the Metaverse is coming! What is the Metaverse? It is a digital, three-dimensional world where people are represented by avatars, a network of 3D virtual worlds focused on social connection, the next evolution of the internet, “extended reality,” and the latest buzzword in the marketplace since Facebook changed its name to Meta. If you still have no idea what I’m talking about, you can watch this or just Spielberg’s Ready Player One.The idea of personalities being uploaded online is an intriguing concept, isn’t it? In this vision, people meet with others, play, and simply hang out in a digital world. Imagine friends turning group chats on Messenger or WhatsApp into group meetups in the Metaverse of family gatherings in virtual homes. Ultimately, people will probably be doing pretty much everything there, except eating, sleeping, and using the restroom.Sounds scary? For people in their 30s and older who were fascinated by The Matrix, it does. However, this is really happening. The augmented reality technology market is expected to grow from $47 billion in 2019 to $1.5 trillion in 2030, mainly thanks to the development of the Metaverse. China’s virtual goods and services market is expected to be worth almost $250 billion this year and $370 billion in the next four years.In a sense, it had to happen as the next phase of the digital revolution. You see, we now experience much of life on the two-dimensional screens of our laptops and smartphones. The Metaverse moves us from a flat and boring 2D to a 3D virtual universe, where we can visualize and experience things with a more natural user interface. Let’s take shopping as an example. Instead of purchasing items on Amazon, customers could enter a virtual shop, see and touch all products in 3D, and buy whatever they wanted (actually, Walmart launched its own 3D shopping experience in 2018).OK, we get the idea, but why does Metaverse matter, putting aside sociological or philosophical issues related to transferring our minds into the digital world? Well, it might strongly affect every aspect of business and life, just as the internet did earlier. Here are a couple of examples. Famous brands, like Dolce & Gabbana, are designing clothes and jewelry for the digital world. Some artists are giving concerts in virtual reality. You could also visit some museums virtually, and instead of taking a business trip, you can digitally teleport to remote locations to meet with your co-workers’ avatars.Finally, what does the Metaverse imply for the gold market? Well, it’s difficult to grasp all the possible implications right now. However, the main threat is clear: as people immerse deeper and deeper into the digital world, gold could become obsolete for many users. Please note that cryptocurrencies and non-fungible tokens (NFTs) are and will continue to be widely used as payment methods in the Metaverse.However, there are some caveats here. First, the invention and spread of the internet didn’t sink gold. Actually, the internet enabled gold to be widely traded by investors all over the world. Just take a look at the chart below. Although gold was in a bear market in the 1990s and struggled during the dot-com bubble, it rallied after the bubble burst.Second, the digital world didn’t kill the analog reality. Despite digital streaming of music, vinyl record sales soared last year, reaching a record high in a few decades. The development of the Metaverse could trigger a similar backlash and a return to tangible goods like gold.Third, some segments of the Metaverse look like bubbles. Maybe I’m just too old, but why the heck would anybody spend hundreds of thousands, or even millions of dollars to buy items in the virtual world? These items include virtual real estates (CNBC says that sales of real estate in the metaverse topped $500 million last year and could double this year), digital pieces of art or even tweets (yup, the founder of Twitter sold the first tweet ever for just under $3 million)! It does not make any sense to me, as I can right-click and download a copy of the same digital files (like a PNG file of a grey pet rock) for which people pay thousands and millions of dollars.Of course, certain items could increase the utility of the game or virtual experience, but my bet is that at least some buyers simply speculate on prices, expecting that they will be able to resell these items to greater fools. When this digital gold rush ends – and given the Fed’s tightening cycle, it may happen in the not-so-distant future – real gold could laugh last.Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care.
Crude Oil Holds Its Breath Ahead of World Summits

Crude Oil Holds Its Breath Ahead of World Summits

Finance Press Release Finance Press Release 24.03.2022 16:46
Current levels of oil and petroleum products are high. Given that, what can explain such a surprising drop in US crude inventories?Energy Market UpdatesCommercial crude oil reserves in the United States fell much more than expected in the week ended March 18, according to figures released on Wednesday by the US Energy Information Administration (EIA).US crude inventories have shrunk by more than 2.5 million barrels, which implies greater demand and is obviously another bullish factor for crude oil prices. Such a decline in inventories is particularly remarkable as the American strategic reserves have also recorded a significant drop. This is the 25th consecutive week of falling strategic reserves since the Biden administration started to make those adjustments in an attempt to relieve the market.(Source: Investing.com)WTI Crude Oil (CLK22) Futures (May contract, daily chart)Furthermore, some additional figures extracted from the same EIA report were released and surprised the markets.These are US Gasoline Reserves, which plunged by about 2.95 million barrels over a week, while the market was not even forecasting a two-million decline.(Source: Investing.com)Thus, US exports jumped by more than 30% compared to the previous week, not only due to large flows to Europe to replace Russian barrels, but also marked by a significant rebound in Asian demand.RBOB Gasoline (RBJ22) Futures (April contract, daily chart)Beware that a NATO summit, a G7 summit, and a European Union summit are being held on Thursday, when the various countries could set a new round of sanctions against Moscow.So, how will black gold progress from now on? Do you think that the on-going negotiations with Iran and Venezuela could flood the market with additional barrels? Let us know in the comments!That’s all folks for today. Happy trading!Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Sebastien BischeriOil & Gas Trading Strategist* * * * *The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
New Witcher Saga Announced.  CD PROJEKT RED Begins Development on Unreal Engine 5 as Part of a Strategic Partnership with Epic Games

New Witcher Saga Announced. CD PROJEKT RED Begins Development on Unreal Engine 5 as Part of a Strategic Partnership with Epic Games

Finance Press Release Finance Press Release 22.03.2022 10:02
CD PROJEKT RED today revealed that the next installment in The Witcher series of video games is currently in development with Unreal Engine 5, kicking off a new saga for the franchise and a new technology partnership with Epic Games.   Today's announcement marks the first official confirmation of a new game in The Witcher series since the release of CD PROJEKT RED's previous single-player, AAA RPG in the franchise — The Witcher 3: Wild Hunt — which won a total of 250 Game of the Year awards and was later expanded upon with the Hearts of Stone and Blood & Wine add-ons.    The teaser image for the new game features a medallion, accompanied by the phrase A New Saga Begins. Beyond this initial confirmation of a new saga in The Witcher franchise, no further details — such as a development time frame or release date — were provided.      CD PROJEKT RED also announced that they will be moving to Unreal Engine 5 as part of the multi-year strategic partnership with Epic Games. Since The Witcher 2: Assassins of Kings, released in 2011, CD PROJEKT RED has used their proprietary REDengine technology to build their games. This new relationship with Epic covers not only licensing, but technical development of Unreal Engine 5, as well as potential future versions of Unreal Engine, where relevant. Developers from CD PROJEKT RED will collaborate with those from Epicwith the primary goal being to help tailor the engine for open-world experiences, beginning with the development of the next game in The Witcher franchise.   Speaking on the use of Unreal Engine 5 for this, and future games, CTO of CD PROJEKT RED, PaweÅ‚ Zawodny stated: "One of the core aspects of our internal RED 2.0 Transformation is a much stronger focus on technology, and our cooperation with Epic Games is based on this principle. From the outset, we did not consider a typical licensing arrangement; both we and Epic see this as a long-term, fulfilling tech partnership. It is vital for CD PROJEKT RED to have the technical direction of our next game decided from the earliest possible phase as; in the past, we spent a lot of resources and energy to evolve and adapt REDengine with every subsequent game release. This cooperation is so exciting, because it will elevate development predictability and efficiency, while simultaneously granting us access to cutting-edge game development tools. I can't wait for the great games we're going to create using Unreal Engine 5!"    Tim Sweeney, Founder and CEO of Epic Games, remarked about the partnership:   "Epic has been building Unreal Engine 5 to enable teams to create dynamic open worlds at an unprecedented scale and level of fidelity. We are deeply honored by the opportunity to partner with CD PROJEKT RED to push the limits of interactive storytelling and gameplay together, and this effort will benefit the developer community for years to come."   Simultaneously with these announcements, CD PROJEKT RED also provided confirmation that REDengine, the technology which powers Cyberpunk 2077, is still being used for the development of the upcoming Cyberpunk 2077 expansion. Source: CDProjekt
US 20-City house prices decreased by 1.3% month-on-month

SAVILLS: STRONG Q1 EXPECTED FOR EUROPEAN REAL ESTATE INVESTMENT DESPITE GEOPOLITICAL EVENTS

Finance Press Release Finance Press Release 21.03.2022 11:27
  Preliminary figures compiled by Savills suggest that the total real estate investment volume in Europe for the first quarter of the year will reach approximately €70bn, a 19.5% increase year-on-year. Despite geopolitical events, the real estate advisor expects solid European investment activity for the remainder of the year, notably fuelled by large portfolio and entity deals. Savills anticipates total European real estate investment volumes for 2022 to reach between €300bn and €330bn, which would be 5-10% above the five-year average, as long as the Russia/Ukraine crisis doesn’t last too long and doesn’t have a long-term impact on the European economy. Lydia Brissy, Director, European Research at Savills, says: “Given the current context, we expect most of the investment activity this year will focus on Western Europe and particularly, the core countries of UK, Germany and France. Our preliminary Q1 figures suggest that those three countries have received 66.6% of the total European investment volume this quarter, up from 61.4% last year.” Tomasz Buras, CEO, Savills Poland, says: “The hostilities in Ukraine are having a stronger impact on the Polish real estate market than on Western European markets. Developers are facing severe disruptions to supplies of building materials and reduced availability of construction workers. Tenants have already suffered from rising inflation and energy charges, further fuelled by the weakening Polish zÅ‚oty relative to the euro, a currency in which rents are denominated. We are, however, seeing a surge in demand on the residential rental market and more enquiries for office and warehouse space from companies wanting or forced to relocate operations to Poland. Cross-border investors are likely to remain more cautious in the coming weeks, leading to a short-term dip in real estate investment volumes, albeit with a potential for a strong rebound if the armed conflict is quickly resolved peacefully.” James Burke, Director, Regional Investment Advisory EMEA at Savills, says: “For perhaps the first time since the Covid-19 pandemic, prime offices are looking like an increasingly attractive defensive investment as they are relatively protected from higher inflation due to the indexation of rents across core European cities. Based on our preliminary figures, prime office yields compressed further by an average of 17 bps year on year to 3.40% in Q1 2022. Office yield spreads to risk-free rates continue to illustrate the sector’s attractiveness despite some more recent increases in bond yields. Given this, we believe the potential for further yield compression is less likely, and we forecast a stable outlook on pricing throughout 2022.”
The Real Damage This Year Has Been In Real Estate. The European Real Estate Sector Is Down

The office market is getting back on track

Finance Press Release Finance Press Release 17.03.2022 12:26
There are still fewer leased and built offices than two years ago, but there is an upward trend in the office sector. Last year, some regional markets saw a sizable increase in demand, even compared to 2019 In 2021, 325 thousand sq m of office space was delivered on the Warsaw market. Such a high result was last seen in 2016. Several spectacular buildings, the implementation of which began before the pandemic, have been commissioned. Skyliner, Warsaw Unit, Generation Park Y and Fabryka Norblina have been completed in the vicinity of DaszyÅ„skiego roundabout. The construction of X20 building and Moje Miejsce II in the district of Mokotów have been completed. Warsaw office resources, which already exceed 6.15 million sq m. have also gained two office buildings in Centrum Praskie Koneser complex, as well as the EQ2 building and Baletowa Business Park. Warsaw with a negligible amount of new projects On the other hand, there is over a half less offices under construction in Warsaw than in recent years, when about 700-800 thousand sq m. of space was commissioned annually. According to Walter Herz, almost 330 thousand sq m. of offices is currently under construction. The last time there has been so little of them built in the city was a decade ago. Most of the projects will be completed this and next year. The office buildings under construction include, among others, Varso Tower, SkySawa, The Bridge, P180 and Bohema. The high level of new supply in 2021 and lower demand caused the vacancy rate to increase in the Warsaw market by 2.8 pp. to 12.7 per cent and become the highest in six years. - The activity of tenants in the office market is still lower than before the pandemic, but its gradual increase is noticeable. The total volume of lease in the office sector in Poland in 2021 was several percent higher than in the previous year. In Warsaw, the volume of lease transactions increased by over 7% year on year. Over 646 thousand sq m. of space has been leased. This result is significantly lower than in 2015-2019, when tenants leased an average of about 830 thousand sq m. of offices - says BartÅ‚omiej Zagrodnik, Managing Partner/CEO of Walter Herz. - However, offices still remain an important element of companies' business activities and interesting assets for investors. So far, rental rates are at the same level as before, but a significant increase in construction costs is putting pressure to increase them – adds BartÅ‚omiej Zagrodnik. The Tri-City with the largest number of new offices In the regions, the highest increase in resources was recorded in the Tri-City. The offer of the Tri-City office market, which is the fourth in the country, will soon reach 1 million sq m. of space, due to the completion of construction of 73 thousand sq m. of offices in 3T Office Park, Palio, LPP Fashion Lab and Gato projects. Cracow, the second largest office market in Poland, increased its offer last year to over 1.6 million sq m. of space. The supply increased by over 60 thousand sq m. of space, due to the completion of Equal Business Park D, Ocean Office Park A, Tertium Business Park B and Aleja Pokoju 81. Over 37 thousand sq m. of offices has been delivered to the office market in Poznan in Nowy Rynek D building. As a result, the resources exceeded 620 thousand sq m. of space. In Wroclaw, Krakowska 35 and Nowa Strzegomska projects were commissioned, offering a total of 22 thousand sq m. of space. As a result, the offer increased to 1.25 million sq m. In Katowice (600 thousand sq m.), over 13 thousand sq m. of space entered the market last year, and in Lodz (583 thousand sq m.) - 3.6 thousand sq m. Katowice market with the largest development Katowice clearly stands out in the regions with the number of offices under construction. There are as many as 200 thousand sq m. of space under construction on the Katowice market, which accounts for nearly a third of the city's current resources. Most of the projects are to be completed this year. The Cracow market is also growing, with 165 thousand sq m. of office space under construction. - If the macroeconomic conditions and the economic situation are favorable, this value may increase in the upcoming quarters with projects that are being prepared for implementation in Cracow - says Mateusz Strzelecki, Head of Tenant Representation/Partner at Walter Herz. - Another office market that is also expanding is Wroclaw with 150 thousand sq m. of space under construction, among others in the Brama OÅ‚awska project, Quorum Office Park and another building in the Centrum PoÅ‚udnie and Tri-City complex with 120 thousand sq m. of offices that are implemented mainly in Gdansk - informs Mateusz Strzelecki. Nearly 80 thousand sq m. of office space is under construction in Poznan and almost 90 thousand sq m. of offices in Lodz. The largest investment on the Poznan market is Andersia Silver, which upon completion will deliver the tallest building in the city. In the near future, Lodz will offer modern space in Manufaktura Widzewska, Fuzja and React projects. Demand in the regions is at a fair level According to Walter Herz, the lease level in regional markets was over a dozen per cent lower last year than in 2019. - While the office sector has seen a significant recovery in the second half of 2021, the annual transaction value is still below the pre-pandemic average. However, the high demand for offices registered last year in Wroclaw, the Tri-City and Poznan, where more space was contracted than in 2019 is noteworthy - says Mateusz Strzelecki. Last year, we could observe the greatest demand for offices in Cracow, where approximately 156 thousand sq m. of space was leased and in Wroclaw, which showed absorption at the level of 153 thousand sq m. While the demand on the Cracow market was slightly lower than in the previous years, in Wroclaw the result was several per cent higher, both in comparison to 2020 and 2019. The Tri-City and Poznan markets also showed an increase in demand last year. The rental volume in the Tri-City amounted to 108 thousand sq m. of office space and was 23 per cent higher than the year before, and nearly 7 per cent higher than in 2019. Poznan, on the other hand, where lease agreements for 73 thousand sq m of offices were signed, recorded over 80 per cent increase in demand for offices, compared to 2019. The demand on the Katowice market dropped to 53 thousand sq m. of space, that’s 16 per cent lower than a year earlier. In Lodz, 51 thousand sq m. of offices were contracted, which is also less than in previous years. Over the last year, the vacancy rate in regional markets increased slightly. Only in Poznan, due to the jump in demand, it slightly decreased. It is currently at the level of 10.5 per cent in Katowice to 16.7 per cent in Wroclaw. Experts point out that the model of arranging office space is changing. More rooms for meetings and videoconferences are now being designed. A larger number of desks also function as workstations, which, depending on the needs, can be used by various people in the hybrid system. About Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For ten years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners across the country. Walter Herz experts assist investors, property owners and tenants. They provide full service, to companies from the private as well as public sectors. Walter Herz advisors support clients in finding and leasing space, and provide consulting in the implementation of investment projects in the warehouse, office, retail and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
Walter Herz is expanding Tenant Representation department

Walter Herz is expanding Tenant Representation department

Finance Press Release Finance Press Release 17.03.2022 12:26
2021 was a period of intense work, development of a new organizational structure and expanding the team for Walter Herz. The company is operating in the commercial real estate sector, providing comprehensive consulting services across Poland. Consistent expansion of services and the need to provide clients with integrated service and comprehensive support, resulted in a new role emerging in the company. Mateusz Strzelecki, a long-term market expert who has been associated with Walter Herz for 9 years, was appointed Head of Tenant Representation. The promotion opened up even greater opportunities for him to further develop the spectrum of consulting services provided by the company to its clients and to vastly expand its operations in the area of office tenant representation on the largest business markets in the country. - The office market is still the primary focus of ​​Walter Herz's operations. However, the sector has become more demanding due to the intense process of changes and the emerging new directions of its development. Contrary to some predictions, stationary offices have kept their position. A lot is happening in the office market and clients need comprehensive support. Companies still invest heavily in workspace, some even more than before. In order to ensure the highest standard of consulting and full process security in the context of the constant evolution of the market, we must constantly develop. This is what makes our job very interesting, and customer satisfaction is a great motivation for us. Tenant's rights are a field I specialize in. I am pleased to share my knowledge with our business partners and clients, as well as with the participants of Tenant Academy, where I am a lecturer - says Mateusz Strzelecki, Head of Tenant Representation/Partner at Walter Herz. - We have been providing consulting for clients investing in the commercial real estate sector in Poland for a decade. This past year, despite the difficult situation on the market, brought progress for the company, both in terms of the scale of operations and employment growth. We focused on the development of the Office Tenant Representation department. Mateusz Strzelecki, who has been promoted to the position of Head of Tenant Representation, has been responsible for managing the team of advisers and for providing comprehensive support to clients – says BartÅ‚omiej Zagrodnik, Managing Partner/CEO at Walter Herz. An important event for the company was the recent opening of a branch in Lodz. Apart from Warsaw and Cracow, Lodz is the third stationary Walter Herz branch in the country. Therefore, Magdalena Góra has joined the Lodz branch as a Senior Business Development Specialist. - Magda will support our Tenant Representation team in acquiring customers. He has been working in the commercial real estate market for many years. So far, she has advised office tenants, working in the furnishing industry. At Walter Herz, she will have the opportunity to see the market from a different angle. We believe that the combination of our diverse experiences and competences will allow us to raise the standard and comprehensiveness of our consulting, thanks to a broader view of the entire process - says Mateusz Strzelecki, Head of Tenant Representation / Partner at Walter Herz. - We are expanding the scope of strategic consulting services, flexibly changing the employment structure. The expansion of the team allowed us to improve our qualifications in all areas of the commercial real estate market. Last year, employment in the company increased by 30 per cent. We are constantly investing in the development of our organization, including through regular, personalized training that allows to improve the expertise and skills of the employees. We care for the development of our staff and professional fulfillment of all people in the team. Among them, we have numerous long-term employees who take up new functions and are successively being promoted. The company is still actively looking for specialists with experience in consulting concerning all sectors of the real estate market for project teams, in order to be able to effectively develop partner relations with clients and provide them with the necessary knowledge - says Magdalena Zagrodnik, Head of HR & Business Partner at Walter Herz. In everyday work with clients, the company’s motto is - We care & We share. This goal is also a guideline for the further implementation of Walter Herz’s Tenant Academy - a proprietary training project designed to educate tenants of commercial space across the country. Last year, during the fifth edition of the event, we organized five specialized webinars and one hybrid panel. Almost 1000 participants signed up for it. About Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For ten years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners across the country. Walter Herz experts assist investors, property owners and tenants. They provide full service, to companies from the private as well as public sectors. Walter Herz advisors support clients in finding and leasing space, and provide consulting in the implementation of investment projects in the warehouse, office, retail and hotel sectors. The company is based in Warsaw and runs regional branches in Cracow and Łódź. Walter Herz has created the Tenant Academy, the first project in Poland, which supports and educates commercial tenants from all over Poland by organizing specialized training meetings. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
Is It Time for Brent and WTI Crude Oil Futures to Correct Lower?

Is It Time for Brent and WTI Crude Oil Futures to Correct Lower?

Finance Press Release Finance Press Release 14.03.2022 17:05
Crude oil prices are slipping from their recent highest levels. Where could we see the next support located?Oil prices fell sharply on Monday – extending last week’s decline – driven by potential progress in Ukraine-Russia talks.India is considering taking advantage of Russia's discounted crude oil and other commodities offers by settling transactions through the rupee/ruble payment system. Meanwhile, on the eastern side, there is a rush to replace the Russian barrels in the west, but immediate availability is limited.In addition, some fears that OPEC+ countries might not be able to easily increase supply remain, even though the UAE said last week that OPEC+ could double the output to the market (about 800,000 bpd) very quickly. However, this sounds very challenging since OPEC+ countries have already struggled to bring in 400,000 bbd.On the Asian side, a slowdown in demand could have been seen as 17 million residents in Shenzhen, the technological centre of southern China, were locked down on Sunday after reports of epidemic outbreaks linked to the neighbouring territory of Hong Kong, where the Omicron strain seems to have spread. There are growing fears that other cities could follow suit to comply with the country's strict zero-COVID policy, adopted by the government of the People's Republic of China.WTI Crude Oil (CLJ22) Futures (April contract, daily chart)Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Sebastien BischeriOil & Gas Trading Strategist* * * * *The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Gold Likes Recessions - Could High Interest Rates Lead to One?

Gold Likes Recessions - Could High Interest Rates Lead to One?

Finance Press Release Finance Press Release 11.03.2022 16:52
We live in uncertain times, but one thing is (almost) certain: the Fed’s tightening cycle will be followed by an economic slowdown – if not worse.There are many regularities in nature. After winter comes spring. After night comes day. After the Fed’s tightening cycle comes a recession. This month, the Fed will probably end quantitative easing and lift the federal funds rate. Will it trigger the next economic crisis?It’s, of course, more nuanced, but the basic mechanism remains quite simple. Cuts in interest rates, maintaining them at very low levels for a prolonged time, and asset purchases – in other words, easy monetary policy and cheap money – lead to excessive risk-taking, investors’ complacency, periods of booms, and price bubbles. On the contrary, interest rate hikes and withdrawal of liquidity from the markets – i.e., tightening of monetary policy – tend to trigger economic busts, bursts of asset bubbles, and recessions. This happens because the amount of risk, debt, and bad investments becomes simply too high.Historians lie, but history – never does. The chart below clearly confirms the relationship between the Fed’s tightening cycle and the state of the US economy. As one can see, generally, all recessions were preceded by interest rate hikes. For instance, in 1999-2000, the Fed lifted the interest rates by 175 basis points, causing the burst of the dot-com bubble. Another example: in the period between 2004 and 2006, the US central bank raised rates by 425 basis points, which led to the burst of the housing bubble and the Great Recession.One could argue that the 2020 economic plunge was caused not by US monetary policy but by the pandemic. However, the yield curve inverted in 2019 and the repo crisis forced the Fed to cut interest rates. Thus, the recession would probably have occurred anyway, although without the Great Lockdown, it wouldn’t be so deep.However, not all tightening cycles lead to recessions. For example, interest rate hikes in the first half of the 1960s, 1983-1984, or 1994-1995 didn’t cause economic slumps. Hence, a soft landing is theoretically possible, although it has previously proved hard to achieve. The last three cases of monetary policy tightening did lead to economic havoc.It goes without saying that high inflation won’t help the Fed engineer a soft landing. The key problem here is that the US central bank is between an inflationary rock and a hard landing. The Fed has to fight inflation, but it would require aggressive hikes that could slow down the economy or even trigger a recession. Another issue is that high inflation wreaks havoc on its own. Thus, even if untamed, it would lead to a recession anyway, putting the economy into stagflation. Please take a look at the chart below, which shows the history of US inflation.As one can see, each time the CPI annul rate peaked above 5%, it was either accompanied by or followed by a recession. The last such case was in 2008 during the global financial crisis, but the same happened in 1990, 1980, 1974, and 1970. It doesn’t bode well for the upcoming years.Some analysts argue that we are not experiencing a normal business cycle right now. In this view, the recovery from a pandemic crisis is rather similar to the postwar demobilization, so high inflation doesn’t necessarily imply overheating of the economy and could subsidy without an immediate recession. Of course, supply shortages and pent-up demand contributed to the current inflationary episode, but we shouldn’t forget about the role of the money supply. Given its surge, the Fed has to tighten monetary policy to curb inflation. However, this is exactly what can trigger a recession, given the high indebtedness and Wall Street’s addiction to cheap liquidity.What does it mean for the gold market? Well, the possibility that the Fed’s tightening cycle will lead to a recession is good news for the yellow metal, which shines the most during economic crises. Actually, recent gold’s resilience to rising bond yields may be explained by demand for gold as a hedge against the Fed’s mistake or failure to engineer a soft landing.Another bullish implication is that the Fed will have to ease its stance at some point in time when the hikes in interest rates bring an economic slowdown or stock market turbulence. If history teaches us anything, it is that the Fed always chickens out and ends up less hawkish than it promised. In other words, the US central bank cares much more about Wall Street than it’s ready to admit and probably much more than it cares about inflation.Having said that, the recession won’t start the next day after the rate liftoff. Economic indicators don’t signal an economic slump. The yield curve has been flattening, but it’s comfortably above negative territory. I know that the pandemic has condensed the last recession and economic rebound, but I don’t expect it anytime soon (at least rather not in 2022). It implies that gold will have to live this year without the support of the recession or strong expectations of it.Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care.
Natural Gas: When A Trade Plan Provides Consecutive Wins

Natural Gas: When A Trade Plan Provides Consecutive Wins

Finance Press Release Finance Press Release 11.03.2022 16:24
From time to time, we may want to consider volatility as an ally. After all, why would highly volatile markets necessarily mean more losing trades?The first target was hit – BOOM! Today – just before the weekend – it is time to bank some profits from my recent trade projections (provided on March 2). Since then, the trade plan has provided our dear subscribers with multiple bounces to trade the NYMEX Natural Gas Futures (April contract) in various ways, always depending on each one’s personal risk profile.The first possibility is the swing trading with trailing stop method explained in my famous risk management article.Trade entry triggered on Tuesday, March 8 (firm rebound on yellow band), stop lifted once price extends beyond mid-point (median) price between first target and entry, thus ending at $4.607 (black dotted line), given the market closed at its daily high of $4.704 (purple dotted line) that same day and assuming you entered that long trade at $4.550 (top of the yellow band). That was a quick one that lasted only a couple hours for the day traders who closed their trades at the regular market close (two candles later, see below chart). For the swing traders, the win-stop was triggered the next day (Wednesday) on the following pull-back. Henry Hub Natural Gas (NGJ22) Futures (April contract, hourly chart)The second option is to scale the rebounds with fixed targets (active or experienced traders).This method consists of “riding the tails” (or the shadows). To get a better grasp of this concept, let’s zoom out on a 4H-chart so you can see the multiple rebounds of the price characterized by the shadows (or tails) of candlesticks, where a crowd of bulls are placing buy orders around that yellow support zone, therefore squeezing bears by pushing prices towards the upside (like some sort of rope pulling game). This trading style often requires stops to be tighter with some profit-to-risk ratio greater than 1.5 (with usually fixed targets). Henry Hub Natural Gas (NGJ22) Futures (April contract, 4H chart)Third possibility: position trading. This is probably the most passive trading style, as it would suit everyone’s busy timetable (and be the most rewarding). This is usually the one we privilege at Sunshine Profits since it allows us to provide trade projections some time in advance for our patient sniper traders to lock in their trading targets and take sufficient time to assess the associated risk with each projection as part of a full trade plan (or flying map).Let’s zoom out again to spot our first target getting hit today on a daily chart so we can have an overall view of the next target to be locked in while lifting our stop to breakeven (entry), previous swing low ($4.450) or using an Average True Range (ATR) ratio as some of you may like to use:Henry Hub Natural Gas (NGJ22) Futures (April contract, daily chart)That’s all folks for today. Have a great weekend!Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Sebastien BischeriOil & Gas Trading Strategist* * * * *The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
The Internet of Money - Ethereum (ETH), Ripple (XRP) & Seesaw Protocol (SSW)

The Internet of Money - Ethereum (ETH), Ripple (XRP) & Seesaw Protocol (SSW)

Finance Press Release Finance Press Release 07.03.2022 15:18
Humanity has reached a time where you can literally create your own financial success. The Crypto metaverse has created a revolutionary impact by providing individuals with the opportunity to multiply the money that they have significantly. If you’re ready to dive into the internet of money, be sure to keep your eyes on these three goldmines: Ethereum (ETH), Ripple (XRP) & Seesaw Protocol (SSW). For millenia, institutions, democracy, banking and education have all been organised around hierarchical structures. In these hierarchies, these bureaucracies of people, all of our social relationships were organised by appeals to authority. The internet, on the other hand, brought about a change which led to us transitioning from institutions to platforms. To summarise, we use money to communicate value to one another, to express how much a product, a service, or a gesture means to us. – it’s an ancient technology. Decentralised Finance (DeFi) is a system that is completely international and borderless at the same time – and we've never had a money system like this before. It's a money system that moves at the speed of light, and is accessible to all. Firstly, a DeFi coin worth investing in is Ethereum (ETH). ETH officially launched in 2015 and managed to achieve a soaring 425% increase in value last year. Currently, it remains as the second biggest Cryptocurrency after Bitcoin (BTC). Ethereum can be used for more than just making payments – it's a marketplace of financial services, games and apps that won't steal your information or censor you. According to Coinpedia, ETH can potentially end 2022 between the value of $6,500 and $7,500 if the bullish trend that began in mid-2021 continues. Moving on, Ripple (XRP) is another noteworthy investment. XRP is a Crypto designed for business use that aims to provide a rapid and cost-effective way to move money across borders as tokens can be transferred without the use of a central middleman. Launched in 2012, Coinpedia now predicts that XRP will reach a value between $4 and $6 by 2025, which will illustrate a record level. In the past week, the price of XRP has increased by 8.69%. Furthermore, there's a good chance that market makers will continue to increase XRP’s price due to buy-stop liquidity above $0.85 and $0.91. The Game Changer Lastly, a coin that is highly recommended is Seesaw Protocol (SSW). SSW is a Fully Decentralised and Multi-Chain DeFi Platform that can be used for everyday transactions. The Seesaw Protocol (SSW) token can be swapped across several chains with a commission of less than 1%. Therefore, allowing all users to greatly benefit from this. In addition, users will be able to receive up to 5% pre-sale referral bonuses. Within the last month, the price of its value has increased by an incredible figure of 2000% and reached a spurt of 32% in the last 7 days alone. If you’re yet to invest, don’t worry as it’s not too late, because although we’re passing through pre-sale Phase 2, it’s still early to hop on board and invest in SSW – since it’s still in pre-sale! Investing early, even with a little initial commitment, can yield remarkable benefits. So now is an excellent time to purchase SSW tokens to receive the rewards the token could bring. Furthermore, experts estimate that by the end of the Pre-Sale in April this year, the price of Seesaw Protocol (SSW) will have risen from $0.11 to $0.40-0.45 – illustrating an outstanding expansion of 7000%! Thus far, it is logical for one to conclude that the value of SSW can only grow from here as it has already reached astonishing levels during pre-sale. Overall, the internet of money symbolises a technological innovation that many people fear because it involves such a fundamental change in money. However, it should be perceived with an optimistic approach as DeFi bridges the divide between those who are fortunate enough to have financial privileges and those who do not – there are no entry requirements to join the world of Crypto. Start creating your own financial success by investing in the rising star SSW, receive the bundle of benefits and watch the figures continue to boom. Enter Presale: https://presale.seesawprotocol.io/register Website: https://seesawprotocol.io/ Telegram: https://t.me/SEESAWPROTOCOL Twitter: https://twitter.com/SEESAWPROTOCOL Instagram: https://www.instagram.com/seesaw.protocol
Fed’s Tightening Cycle: Bullish or Bearish for Gold?

Fed’s Tightening Cycle: Bullish or Bearish for Gold?

Finance Press Release Finance Press Release 04.03.2022 16:14
This month, the Fed is expected to hike interest rates. Contrary to popular belief, the tightening doesn't have to be adverse for gold. What does history show?March 2022 – the Fed is supposed to end its quantitative easing and hike the federal funds rate for the first time during recovery from a pandemic crisis . After the liftoff, the Fed will probably also start reducing the size of its mammoth balance sheet and raise interest rates a few more times. Thus, the tightening of monetary policy is slowly becoming a reality. The golden question is: how will the yellow metal behave under these conditions?Let’s look into the past. The last tightening cycle of 2015-2019 was rather positive for gold prices. The yellow metal rallied in this period from $1,068 to $1,320 (I refer here to monthly averages), gaining about 24%, as the chart below shows.What’s really important is that gold bottomed out in December 2015, the month of the liftoff. Hence, if we see a replay of this episode, gold should detach from $1,800 and go north, into the heavenly land of bulls. However, in December 2015, real interest rates peaked, while in January 2016, the US dollar found its local top. These factors helped to catapult gold prices a few years ago, but they don’t have to reappear this time.Let’s dig a bit deeper. The earlier tightening cycle occurred between 2004 and 2006, and it was also a great time for gold, despite the fact that the Fed raised interest rates by more than 400 basis points, something unthinkable today. As the chart below shows, the price of the yellow metal (monthly average) soared from $392 to $634, or more than 60%. Just as today, inflation was rising back then, but it was also a time of great weakness in the greenback, a factor that is currently absent.Let’s move even further back into the past. The Fed also raised the federal funds rate in the 1994-1995 and 1999-2000 periods. The chart below shows that these cases were rather neutral for gold prices. In the former, gold was traded sideways, while in the latter, it plunged, rallied, and returned to a decline. Importantly, just as in 2015, the yellow metal bottomed out soon after the liftoff in early 1999.In the 1980s, there were two major tightening cycles – both clearly negative for the yellow metal. In 1983-1984, the price of gold plunged 29% from $491 to $348, despite rising inflation, while in 1988-1989, it dropped another 12%, as you can see in the chart below.Finally, we have traveled back in time to the Great Stagflation period! In the 1970s, the Fed’s tightening cycles were generally positive for gold, as the chart below shows. In the period from 1972 to 1974, the average monthly price of the yellow metal soared from $48 to $172, or 257%. The tightening of 1977-1980 was an even better episode for gold. Its price skyrocketed from $132 to $675, or 411%. However, monetary tightening in 1980-1981 proved not very favorable , with the yellow metal plunging then to $409.What are the implications of our historical analysis for the gold market in 2022? First, the Fed’s tightening cycle doesn’t have to be bad for gold. In this report, I’ve examined nine tightening cycles – of which four were bullish, two were neutral, and three were bearish for the gold market. Second, all the negative cases occurred in the 1980s, while the two most recent cycles from the 21st century were positive for gold prices. It bodes well for the 2022 tightening cycle.Third, the key is, as always, the broader macroeconomic context – namely, what is happening with the US dollar, inflation, and real interest rates. For example, in the 1970s, the Fed was hiking rates amid soaring inflation. However, in March 1980, the CPI annul rate peaked, and a long era of disinflation started. This is why tightening cycles were generally positive in the 1970s, and negative in the 1980s.Hence, it seems on the surface that the current tightening should be bullish for gold, as it is accompanied by high inflation. However, inflation is expected to peak this year. If this happens, real interest rates could increase even further, creating downward pressure on gold prices. Please remember that the real federal funds rate is at a record low level. If inflation peaks, gold bulls’ only hope will be either a bearish trend in the US dollar (amid global recovery and ECB’s monetary policy tightening) or a dovish shift in market expectations about the path of the interest rates, given that the Fed’s tightening cycle has historically been followed by an economic slowdown or recession.Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care.
Gold Miners – Biggest Losers? That’s What Oil Says

Gold Miners – Biggest Losers? That’s What Oil Says

Finance Press Release Finance Press Release 03.03.2022 15:44
After the war-driven gold rally, oil is starting to outperform. History between these two has already shown that someone may suffer. Many suggest: gold miners.The precious metals corrected some of their gains yesterday, but overall, not much changed in them. However, quite a lot happened in crude oil, and in today’s analysis we’ll focus on what it implies for the precious metals market and, in particular – for mining stocks.As you may have noticed, crude oil shot up recently in a spectacular manner. This seems normal, as it’s a market with rather inflexible supply and demand, so disruptions in supply or threats thereof can impact the price in a substantial way. With Russia as one of the biggest crude oil producers, its invasion of Ukraine, and a number of sanctions imposed on the attacking country (some of them involving oil directly), it’s natural that crude oil reacts in a certain manner. The concern-based rally in gold is also understandable.However, the relationship between wars, concerns, and prices of assets is not as straightforward as “there’s a war, so gold and crude oil will go up.” In order to learn more about this relationship, let’s examine the most similar situation in recent history to the current one, when oil supplies were at stake.The war that I’m mentioning is the one between Iraq and the U.S. that started almost 20 years ago. Let’s see what happened in gold, oil, and gold stocks at that time.The most interesting thing is that when the war officially started, the above-mentioned markets were already after a decline. However, that’s not that odd, when one considers the fact that back then, the tensions were building for a long time, and it was relatively clear in advance that the U.S. attack was going to happen. This time, Russia claimed that it wouldn’t attack until the very last minute before the invasion.The point here, however, is that the markets rallied while the uncertainty and concerns were building up, and then declined when the situation was known and “stable.” I don’t mean that “war” was seen as stable, but rather that the outcome and how it affected the markets was rather obvious.The other point is the specific way in which all three markets reacted to the war and the timing thereof.Gold stocks rallied initially, but then were not that eager to follow gold higher, but that’s something that’s universal in the final stages of most rallies in the precious metals market. What’s most interesting here is that there was a time when crude oil rallied substantially, while gold was already declining.Let me emphasize that once again: gold topped first, and then it underperformed while crude oil continued to soar substantially.Fast forward to the current situation. What has happened recently?Gold moved above $1,970 (crude oil peaked at $100.54 at that time), and then it declined heavily. It’s now trying to move back to this intraday high, but it was not able to do so. At the moment of writing these words, gold is trading at about $1,930, while crude oil is trading at about $114.In other words, while gold declined by $30, crude oil rallied by about $14. That’s a repeat of what we saw in 2003!What happened next in 2003? Gold declined, and the moment when crude oil started to visibly outperform gold was also the beginning of a big decline in gold stocks.That makes perfect sense on the fundamental level too. Gold miners’ share prices depend on their profits (just like it’s the case with any other company). Crude oil at higher levels means higher costs for the miners (the machinery has to be fueled, the equipment has to be transported, etc.). When costs (crude oil could be viewed as a proxy for them) are rising faster than revenues (gold could be viewed as a proxy for them), miners’ profits appear to be in danger; and investors don’t like this kind of danger, so they sell shares. Of course, there are many more factors that need to be taken into account, but I just wanted to emphasize one way in which the above-mentioned technical phenomenon is justified. The above doesn’t apply to silver as it’s a commodity, but it does apply to silver stocks.Back in 2004, gold stocks wiped out their entire war-concern-based rally, and the biggest part of the decline took just a bit more than a month. Let’s remember that back then, gold stocks were in a very strong medium- and long-term uptrend. Right now, mining stocks remain in a medium-term downtrend, so their decline could be bigger – they could give away their war-concern-based gains and then decline much more.Mining stocks are not declining profoundly yet, but let’s keep in mind that history rhymes – it doesn’t repeat to the letter. As I emphasized previously today, back in 2003 and 2002, the tensions were building for a longer time and it was relatively clear in advance that the U.S. attack was going to happen. This time, Russia claimed that it wouldn’t attack until the very last minute before the invasion. Consequently, the “we have to act now” is still likely to be present, and the dust hasn’t settled yet – everything appears to be unclear, and thus the markets are not returning to their previous trends. Yet.However, as history shows, that is likely to happen. Either immediately, or shortly, as crude oil is already outperforming gold.Investing and trading are difficult. If it was easy, most people would be making money – and they’re not. Right now, it’s most difficult to ignore the urge to “run for cover” if you physically don’t have to. The markets move on “buy the rumor and sell the fact.” This repeats over and over again in many (all?) markets, and we have direct analogies to similar situations in gold itself. Junior miners are likely to decline the most, also based on the massive declines that are likely to take place (in fact, they have already started) in the stock markets.Thank you for reading our free analysis today. Please note that the above is just a small fraction of today’s all-encompassing Gold & Silver Trading Alert. The latter includes multiple premium details such as the targets for gold and mining stocks that could be reached in the next few weeks. If you’d like to read those premium details, we have good news for you. As soon as you sign up for our free gold newsletter, you’ll get a free 7-day no-obligation trial access to our premium Gold & Silver Trading Alerts. It’s really free – sign up today.Przemyslaw Radomski, CFAFounder, Editor-in-chiefSunshine Profits: Effective Investment through Diligence & Care* * * * *All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Stocks Want to Go Higher Despite Ukraine News

Stocks Want to Go Higher Despite Ukraine News

Finance Press Release Finance Press Release 03.03.2022 15:34
The S&P 500 index topped the 4,400 level yesterday despite the ongoing Russia-Ukraine conflict news. Will the uptrend continue?The broad stock market index gained 1.86% on Wednesday following its Tuesday’s decline of 1.6%, as it fluctuated following last week’s rebound from the new medium-term low of 4,114.65. It was 704 points or 14.6% below the January 4 record high of 4,818.62. So the sentiment improved recently, but there’s still a lot of uncertainty concerning the ongoing Russia-Ukraine conflict news. Yesterday the index went slightly above the 4,400 level and it was the highest since Feb. 17.For now, it looks like an upward correction. However, it may also be a more meaningful reversal following a deep 15% correction from the early January record high. This morning the S&P 500 index is expected to open 0.6% higher following better-than-expected Unemployment Claims number release. However, we may see some more volatility.The nearest important resistance level remains at 4,400 and the next resistance level is at 4,450-4,500. On the other hand, the support level is at 4,300-4,350, among others. The S&P 500 index broke above the downward trend line recently, as we can see on the daily chart (chart by courtesy of http://stockcharts.com):Futures Contract Trades Along the Local HighsLet’s take a look at the hourly chart of the S&P 500 futures contract. On Thursday it sold off after breaking below the 4,200 level. And since Friday it was trading along the 4,300 mark. This morning it is trading along the local highs.We are maintaining our profitable long position, as we are still expecting an upward correction from the current levels (chart by courtesy of http://tradingview.com):ConclusionThe S&P 500 index will likely open 0.6% higher this morning. We may see more short-term fluctuations and obviously, the markets will continue to react to the Russia-Ukraine conflict news.Here’s the breakdown:The S&P 500 index bounced from the new low on Thursday after falling almost 15% from the early January record high.We are maintaining our profitable long position.We are expecting an upward correction from the current levels.Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Stock Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Paul Rejczak,Stock Trading StrategistSunshine Profits: Effective Investments through Diligence and Care* * * * *The information above represents analyses and opinions of Paul Rejczak & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Paul Rejczak and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Rejczak is not a Registered Securities Advisor. By reading his reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Fed And BoE Ahead Of Interest Rates Decisions. Having A Look At Nasdaq, S&P 500 and Dow Jones Charts

SAVILLS: E-COMMERCE BOOM CONTINUES TO DRIVE RECORD LEVELS OF INVESTMENT & LEASING ACTIVITY ACROSS EUROPE’S LOGISTICS MARKET

Finance Press Release Finance Press Release 24.02.2022 12:24
According to Savills, the e-commerce boom is continuing to drive demand for industrial and logistics assets across Europe, as new records were set for both levels of investment and leasing activity in 2021. In Poland, take-up in 2021 reached an all-time high and industrial assets accounted for over a half of the total investment volume. Some EUR 62bn was invested into industrial real estate across Europe, marking a 79% increase on the previous five year average. The UK (EUR 19.5bn) outperformed the rest of the continent and accounted for 31% of total investment activity. Germany (EUR 8.6bn), France (EUR 6.5bn) and Sweden (EUR 5.8bn) and the Netherlands (EUR 5.7bn) also recorded strong levels. Savills research also noted that investment into industrial assets accounted for 66% of European omnichannel investment in 2021, up from 47% in 2019, as investors were willing to pay premiums to gain exposure to the sector. “The trend for customers shifting to online shopping throughout the pandemic triggered the e-commerce boom, which has been a major catalyst for this sector’s growth,” comments Mike Barnes, Savills European Research. “So far it has shown little sign of slowing, even as restrictions have lifted and, as a result, the significant weight of capital targeting these assets has compressed prime yields by an average of 27bps to 4.20% over the last six months. Portugal, Spain and Finland have hardened by 50 bps each.” This demand is clearly represented by the unprecedented levels of leasing activity in the industrial sector across Europe last year, with take up reaching 38m sq m, 28% ahead of the previous five year average. Germany (8.6m sq m), the Netherlands (6.9m sq m) and the UK (5.1m sq m) drove the lion’s share of leasing activity, whilst Romania (+63%), France (+63%) and Spain (+62%) performed the strongest above their five year averages. Savills has observed that the record shortage of prime stock has driven upward pressure on rents, rising an average of 5% year on year. London (+25%), Dublin (+17%) and Prague (12%) were the fastest growing markets in 2021. Marcus de Minckwitz, Head of Industrial & Logistics, Savills EMEA, suggests, “Market fundamentals have been hugely favourable for the sector in recent years, and they will continue to underpin another strong performance for the year ahead. Our European Logistics Census last year indicated that 46% of occupiers anticipate that they will increase their warehouse floor space over the next 12 months, among the highest in the online retail sector. With such constrained supply, we expect to see increased development in the sector, despite rising construction costs, as well as appetite for assets in non-core locations as investors move up the risk curve in search of higher returns.” In Poland, take-up of industrial space in 2021 reached an all-time high of 7.35 million sq m with an 84% year on year increase in net absorption. Under construction space is 55% pre-leased before completion and vacancy rates have fallen to under 4%. With EUR 2.96 billion transacted, industrial assets accounted for over a half of the total investment volume recorded in 2021, representing a 15% increase year-on-year. John Palmer, Head of industrial Investment, Savills Poland, says: “The warehouse market in Poland is recording record-breaking figures. This trend is set to continue if not accelerate in 2022 and beyond. Investor appetite remains strong for both income producing assets and portfolios and forward funding of new developments.. Poland offers competitive labour rates, FDI incentives, an efficient planning and building permitting system; and all this is backed by growing domestic consumer spending. The dynamics of the occupier is changing with requirements increasingly focused on quality, sustainable and ESG focused properties, professionally managed by long-term landlords”.
Warsaw Chamber of Tax Administration is moving the headquarters of the Customs Department VI and two organizational units of the Masovian Customs and Tax Office to Żerań, to the OKAM investment

Warsaw Chamber of Tax Administration is moving the headquarters of the Customs Department VI and two organizational units of the Masovian Customs and Tax Office to Żerań, to the OKAM investment

Finance Press Release Finance Press Release 23.02.2022 15:53
PRESS RELEASE Warsaw, 23.02.2022Warsaw Chamber of Tax Administration has leased over 640 sq m. of office space with a 2000 sq m. square located next to the office building for its subordinate unit in the OKAM investment in Warsaw district of Żerań.The Chamber was looking for a location that would allow for the lease of both office space and a suitable area for customs clearance for the Customs Department VI in Warsaw, currently located in the Targówek district.These conditions were met by the warehouse, production and office complex located on the site of the former car factory at Jagiellońska Street in Warsaw.- The Chamber planned to relocate to a new office. However, the property also had to guarantee efficient logistics related to the customs clearance of goods. The infrastructure of the mixed-use complex in Żerań, its unique character on the scale of the entire Warsaw agglomeration, made it possible to fully meet the tenant's requirements. The profile of the investment allowed for a full consolidation and concentration the activities of the institution and its administration in one place - informs Piotr Szymoński, Director Office Agency at Walter Herz, the company which represented the landlord during the transaction.The new headquarters of the Customs Department VI in Warsaw and two organizational units of MCTO, they plan to move into next month, is located in a four-storey building, with a total of over 3100 sq m. of space.- Warsaw market offers many attractive spaces, which is why we feel all the more distinguished by the choice of our investment in Żerań by the Warsaw Chamber of Tax Administration. We hope that the office space leased by the Chamber along with the adjacent square will meet all of the current and future expectations of the organization. Our project in Żerań will also actively develop with our tenants and their needs in mind – says Arie Koren, CEO of OKAM City.OKAM investment in Żerań provides both office, retail and commercial space, as well as warehouse space, the height of which exceeds even 20 meters. It also has paved areas of high load capacity, intended for exhibition squares and parking lots.Most of the lease space in the complex is characterized by a great variety in terms of the offered parameters. - This makes the location a great choice for customers looking for space with different functions and non-standard dimensions in one investment - says Piotr Szymoński. The location provides direct access to the S8 route. The center of Warsaw can be reached within 20 minutes from the OKAM investment. Bus and tram stops as well as bicycle paths are located 250 m from the entrance to the complex. About Walter HerzWalter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For nine years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners. It provides extensive support for both public and private sector. Walter Herz experts assist clients in finding and leasing space, and give advice when it comes to investment and hotel projects.In addition to its headquarters in Warsaw, the company operates in Cracow and the Tri-City. Walter Herz has created Tenant Academy, first project in the country, supporting and educating commercial real estate tenants across Poland, with on-site courses held in the largest cities in the country. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice. About OKAMOKAM Capital has been a leader among the real estate development companies for over 17 years. The company specializes in residential and commercial construction. OKAM portfolio includes 25 projects in 7 cities in Poland, such as Strefa PROGRESS in Łódź, INCITY and CITYFLOW in Warsaw district of Wola, MOKKA, VISTA and CENTRAL HOUSE in Mokotów, ARLET HOUSE in Ochota, ŻOLI ŻOLI in Żoliborz, BOHEMA - Strefa Praga in Praga Północ and 62 ha in Warsaw district of Żerań. In Katowice, the company is implementing investments in Dolina Trzech Stawów: DOM W DOLINIE TRZECH STAWÓW and INSPIRE. The assets of OKAM also include historic tenement houses in the center of Katowice as well as in Cracow.At the end of 2018, OKAM introduced the New Quality Policy as an expression of corporate social responsibility. Starting with the CENTRAL HOUSE investment, all OKAM residential investments will be equipped with pro-ecological and functional solutions supporting climate protection and improving the comfort of living, such as electric vehicle rental, bicycle rental, air purifiers, solar panels, systems for reusing rainwater, etc.
OVR migrates to Polygon

OVR migrates to Polygon

Finance Press Release Finance Press Release 23.02.2022 09:10
OVR Augmented Reality Platform has informed about migration on Polygon Blockchain. What are the reasons for this decision? What are the advantages of this solution? What are the benefits for users? OVR is Metaverse platform, which offers Augmented Reality (AR) solutions, gaming and virtual lands sales. It’s based on two kinds of tokens: OVR utility tokens based on ERC-20 standard and unique, non-fungible OVRLands NFTs, which represent virtual lands. At the beginning of January OVR informed on its blog about plans of migration from Ethereum blockchain to Polygon blockchain. In the same month the migration started. Polygon is used for solutions compatible with Ethereum. The platform was founded in 2017 in response to high transaction fees and slow speed of Ethereum network. Polygon network is very popular amongst developers of decentralized applications (Dapps), DeFi projects and games. Thanks to migration to Polygon transactions will be easier and cheaper. Users can now swap OVR Tokens on the Polygon implementation of Uniswap V3. Currently, gas fees are only 0.01$ per swap. Users can use the official Polygon Bridge application to move OVR tokens from Ethereum to Polygon and vice-versa. To do this, just connect a wallet to the dApp. If we have OVR tokens in our Ethereum wallet, the bridge will recognize them in the search field and we can perform the bridging. If we don’t have MATIC tokens to pay for gas on Polygon, we can use the official faucet to get them to trade on Polygon. MATIC is native token of Polygon network, which allows network payment and participation in the Proof of Stake consensus mechanism. OVR uses Polygon also to solve the problem of scalability in Ethereum. Scalability has been one of the most important issues for OVR since the beginning and the company was looking for the best solutions. Finally OVR decided to move to Polygon. Why has OVR chosen Polygon? The company informed on its blog, that there were many reasons for this decision. The most important of them are: transaction costs, decentralization trade-offs and project vision, current adoption, vicinity to the Ethereum ecosystem and EVM (Ethereum Virtual Machine) compatibility. On the other side, Polygon is very close to the Ethereum ecosystem, shares the same values, and has massive scalability and adoption. Currently, there are more active addresses on Polygon than Ethereum. Polygon offers the scalability, that OVR needs to make NFT minting. Another important advantages are low transaction costs, adoption and closeness to such well-known network as Ethereum. Another important issue may be also decentralization. In its current configuration, Polygon can be categorised as a Commit Chain, and its security model is highly reliant on the Ethereum infrastructure. OVR predicts that Polygon’s current adoption and market sentiment is good indicator that the future of the Polygon looks optimistic. Migration to Polygon The migration from Ethereum to Polygon has started. The changes are described in details on the OVR blog. In the first phase of migration, all new minting began to occure by default on Polygon. User experience (UX) remained not changed. On the primarily market Polygon network payments have been added to the Ethereum and BSC payments options. In this phase the secondary market remained not changed. In the second phase in February all of the OVRLands saved as Merkle Proofs on Ethereum have been minted to the owner’s wallets on Polygon. It’s over 24k different wallets that own more 700k OVRLands. This change will enable full decentralization and transparency of ownership of OVRLands. Light minting function will disappear, all of the purchased OVRLands will be directly minted as NFTs on Polygon. The secondary market will be fully decentralized and transactions between users will be exclusively intermediated by smart contracts. Owners of OVRLands already minted as NFTs on the Ethereum blockchain will be able to transfer them to Polygon. OVR will refund the gas costs for the transfers with OVR tokens. Low transaction costs will enable features that were impossible on Ethereum. Renting smart contracts will be implemented, allowing for the monetization of valuable OVRLands. The further development of Avatars, OVRMaps, and 3D objects will be continued, making them valuable assets in the Metaverse world. What’s next? Company has informed on its blog that in the near future will be introduced the following changes: - batch minting of all the light minted OVRLands - generation of a personal custoded wallet for users who registered without declaring one, - direct NFT minting of new primary market sales, - NFT bridge from Ethereum to Polygon, - fully decentralized secondary market. For now users can trade OVRLands tokens on OpenSea platform until the decentralized secondary market is ready. It will take place in the near future.
OVR – innovative Metaverse platform. Virtual lands and treasure hunt. Augmented Reality conquers the world

OVR – innovative Metaverse platform. Virtual lands and treasure hunt. Augmented Reality conquers the world

Finance Press Release Finance Press Release 23.02.2022 09:10
OVR is the Metaverse platform which combines blockchain technology and augmented reality. It allows to buy virtual lands and provides unusual experiences at the junction of two worlds. About OVR OVR is Metaverse platform for gaming, virtual retail, tourism, education and more. It is open-source, AR platform powered by Ethereum Blockchain. At the end of January OVR has informed about the beginning of migration on Polygon Blockchain. OVR platform is based on two kinds of tokens. OVR tokens are utility tokens based on ERC-20 standard. Unique, non-fungible OVRLands tokens are based on ERC-721 standard. OVRLands represent parcels stored inside a blockchain-based ledger. Every land has standard dimension of 300 square meters. They divide our planet into hexagons in virtual world. The total number of OVRLands is 1.660.954.464.112. Every land has precise geographical localization. Users can participate in OVRLand auctions with OVR fungible tokens. Every auction closes 24 hours after the last bid. If you are the winner, an NFT representing the OVRLand will be minted and sent to your wallet. Until now on the platform over 700 000 auctions have been closed and over 1800 are lasting. These values are still changing. On the platform we can buy virtual lands located on all the world. ŹródÅ‚o: OVR The OVR platform has also many another features and is still developed. Users can create avatars, explore various spaces in augmented reality and play games in play-to-earn model. Augmented Reality Augmented Reality (AR) is technology, which can add any type of content to the surrounding environment, creating the illusion that the real and the virtual elements coexist in the same space. It’s dimension, where everything is possible. Since 2018 there has been dynamic growth of Augmented Reality technologies. Technological giants such as Apple, Facebook and Google made major investments in this industry. According to the forecast published by IDC, augmented reality will play an important role in consumer industry and retail in the near future. The growing popularity of augmented reality is connected with the development of smartphones which can support this technology and smart glasses technologies, which can add information to what the wearer sees. According to data from IDC, the augmented reality market reached $11 billion in 2020 and can even reach $137 billion by the end of 2024. The graph below shows past and estimated future revenues of this industry. Source: IDC (https://www.idc.com/getdoc.jsp?containerId=prEUR146720420) AR experiences can range from static 3D content to interactive highly complex and hyper real scenes, which engage the user to an interaction with the surrounding world. OVR Tokens Users can buy OVR tokens from IBCO (Initial Bonding Curve Offering). Starting price is 0.07$ per one token. The more tokens are minted, the higher the price. The IBCO is both a primary and a secondary market, where you can buy and sell tokens. Buying is creating tokens, selling is burning tokens. The IBCO will never ends. It’s the warranty of liquidity for OVR token holders who can sell it in every moment. Users can also buy OVR tokens on Uniswap, MXC, Bitmart, Bilaxy or Loopring. It’s also possible by credit card, but this option is not available for China and US citizens. OVRLands Tokens If we have OVR tokens, we can participate in an OVRLand auction. The base price for an OVRLand auction is 10$ paid in OVR Tokens. OVR Tokens have a floor purchasing power of 0.10$, so regardless of the OVR Tokens price on the market, 100 OVR tokens will always have a minimum value of 10$ for buying OVRLand. Auctions last 24 hours, and the minimum price increase for consecutive bids on the same land is 2x. What is IBCO and how does it differ from ICO? Similarly as ICOs (Initial Coin Offerings), IBCOs also are used to finance crypto projects. IBCO is the solution to many problems of ICO, such as lack of transparency, liquidity and the prices of tokens established arbitrarily by the project promoters. Not always was also clear, if a promoter who has raised funds has actually spent them to finance the proposed project. This method of financing was high risk for investors. IBCOs are created with the aim of solving these problems. Nowadays a project can issue its token directly on a decentralized crypto exchange (DEX), such as Uniswap. Token can be issued by creating an exchange pair on a DEX or basing on customer solutions. This method of financing is often used by projects based on DAOs (decentralized autonomous organizations) that are controlled by token holders. In traditional ICO tokens are issued before being released on the market. In case of IBCO tokens will be minted if someone buys them or will be burned if someone sells them, so creating and burning of tokens depends on demand and supply. An example of such a project is OVR. How to buy a virtual land? Before users can participate in an OVRLand auction, they need to have a Metamask or Imtoken wallet with OVR tokens. If we don’t have it, we can buy OVR tokens through the OVR IBCO or swap it on Uniswap. The next step is to visit the OVR marketplace and click “connect wallet” on top. If it is our first time participating in the land auction, we need to register with our email address and nationality information. Then we need to check our inbox to confirm the email address. The next step – to increase the auction allowance - we only need to do once for the first time. It permits the smart contract to take the OVR tokens as payment from our wallet if we win the auction. After clicking on “Increase” a prompt from our wallet will ask for a confirmation. After a few minutes we should see the auction allowance number becoming 10000000. That means we can participate in auctions. The next step is to click Marketplace and select the land that we want on the map. We can also zoom in the map. Then we need to click on a point on the map or search the place by entering the name of the location). The next step is to open the bidding panel clicking on Init Auction or Place Bid. Then we insert the amount we want to bid for and confirm by clicking on Place Bid. Next we wait for 24 hours. If there is no other user with a better offer, we own our OVRLand NFT and will see the status of this auction as “closed”. If someone placed a higher bid, the auction would stay open for another 24 hours. We can always check our assets, clicking “My Assets”, where we can see the status of our ongoing land auction and our own OVRLands. Treasures in the virtual world The OVR platform can attract enthusiasts of games. “Treasure Hunt” is play to earn game. If we find treasure chest, we will earn OVR tokens. To play the game, we need to download the smartphone app and give the permission to use the camera. The app must find some key points in the environment to anchor the scene, in which the action takes place. OVRLive OVRLive allows to combine the user’s face photo with the selected avatar body. In this case the app also must find some key points in the environment to anchor the 3D scene, in which user can move and create interactions with friends. OVR Live Events Thanks to Augmented Reality, fans will be able to attend a live events, especially concerts and see their favourite artists perform at their home. The artist will be visualized through his hyper-realistic 3D avatar. His movements will be recorded and reproduced in real-time to recreate a live performance. Augmented reality will enable also interactions between the artists and another users. Polygon migration has started At the end of January OVR has informed about the beginning of migration on Polygon Blockchain. Polygon network payments have been added to the Ethereum and BSC payments options in the primary market. It allows to decrease transaction costs. When the migration is completed the changes will also be introduced on the secondary market. The changes include: batch minting of all the light minted OVRLands generation of a personal custoded wallet for users who registered without declaring one direct NFT minting of new primary market sales- NFT bridge from Ethereum to Polygon fully decentralized secondary market. About company OVRGLOBAL OÜ is a company based in Tallinn managing the issuing of OVR utility token. The company is regulated by the Estonian Financial Intelligence Unit and has a valid virtual currency services license FVT000345. OVR Team consists of Visionaries, Builders and Coders. The founder and CEO of the team is Davide Cuttini, who has wide experience in augmented reality, deep learning and blockchain technology. The team consists of over 20 people. Each of them makes a contribution to the development of the project. For more details of the project you can contact Telegram group: https://t.me/OVRtheReality
Cyberpunk 2077 Now Updated for Next Generation Consoles. Free Trial Available!

Cyberpunk 2077 Now Updated for Next Generation Consoles. Free Trial Available!

Finance Press Release Finance Press Release 16.02.2022 08:01
CD PROJEKT RED announced today that Cyberpunk 2077 has just received its latest free update, introducing players to the next-gen Xbox Series X|S and PlayStation 5 version of the game, and further improving the original platform releases.   With Patch 1.5 — Next-Generation Update, Cyberpunk 2077 takes advantage of the additional power of the newest generation of console hardware, allowing for ray tracing features and 4K with dynamic scaling on Xbox Series X and PlayStation 5, faster loading times, and a variety of other visual and technical improvements. On PlayStation 5, the game will additionally utilize the DualSense controller's adaptive triggers and haptic feedback functionalities.   Watch the Patch 1.5 — Next-Generation Update Launch Trailer   The studio has released two gameplay footage videos from Xbox Series X and PlayStation 5. Players wishing to try out the game before purchase can do so courtesy of a free, time-limited next-gen trial available on Xbox Series X|S and PlayStation 5. The trial will be available for 30 days, until March 15th, 5 PM CET, and will allow players the option of continuing their adventure after purchase. Similarly, those who started their walkthrough on Xbox One and PlayStation 4 will be able to transfer their saved game states to the respective next-gen version. Details regarding the transfer process can be found on the update website.   Learn more about Patch 1.5 — Next-Generation Update   The new update also comes equipped with a host of changes and improvements across all versions of Cyberpunk 2077. These range from further performance and stability optimizations, to tweaks to gameplay and economy, the open world of the game, map usage, along with new interactions for relationships and an overhauled Fixer system. Furthermore, new pieces of free additional content have also been introduced, including rentable apartments, new gear, character customization options, and more. Details regarding the new content are available here. View list of changes for Patch 1.5   Following the release of Patch 1.5 — Next-Generation Update, Cyberpunk 2077 is now available Xbox Series X|S and PlayStation 5 as a free upgrade for current owners of the Xbox One and PlayStation 4 versions, as well as a standalone digital purchase. The game, along with Patch 1.5, is also available on Xbox One, PlayStation 4, Stadia, and PC. For more information regarding the game, please visit cyberpunk.net.   Source: CDProjekt
Bank Of England And Climate Change - What Is BoE Working On?

Bank Of England And Climate Change - What Is BoE Working On?

Finance Press Release Finance Press Release 15.02.2022 10:01
Climate change will affect the UK economy, including the financial system. Our job is to keep the financial system stable as the UK moves to a net zero economy. So we work to: build the resilience of UK banks and insurers  tackle risks that emerge from the move to net zero  support the global effort on climate change   Why is it important that banks and insurers manage risks that climate change brings?  Climate change increases the risks for companies that provide loans or insurance for people. It’s important they manage these risks or their businesses could be left exposed. Let’s take a company that provides insurance against flood damage. It’s likely that climate change will mean more floods, and more of those floods are likely to be severe. So companies providing this may need to pay out more to their customers. And that could leave the insurer exposed. There’s also risks for banks. Let’s say a bank has lent money to a coal mining company. The government might introduce new climate rules that restrict coal mining. Or it may make it more expensive to mine coal. If that happened, the coal mining company could default on its loan. And that could leave the bank exposed. We want to make sure banks and insurers in the UK identify risks like these and manage them well. To help them be more prepared, we’ve set out what they can do to manage their risks better. Learn more on BankOfEngland.co.uk
The shopping spree on the investment land market continues

The shopping spree on the investment land market continues

Finance Press Release Finance Press Release 14.02.2022 14:32
The battle for investment land is still going on, and the lack of attractive assets feels more and more severe. This applies to all large cities in Poland. For a long time, no matter the place, the investment land has not been easily available. In contrast, there are both plenty of people willing to buy land, as well as free funds to finance these purchases. The money surplus is enormous. Investors are trying to invest their capital in land as soon as possible, for fears of inflation. Although the peak shopping spree, often associated with really risky decisions, has already passed, the situation continues to bear resemblance to the one we remember from the years 2007-2008, when everything was selling like hot cakes, at rapidly rising prices. The appearance of new investors has shortened the sale process of attractive lands, which now usually closes within 3 months. In turn, the difficulty is the highly overestimated value of many plots of land or the unregulated ownership status of the property. The owners of land are also very reluctant to reserve the land through conditional or preliminary purchase agreements without deposit (earnest money). Maximizing profits through investments in land There are many companies willing to invest in land, despite the prices of land in some locations are growing in a blistering pace. The greatest shortage occurs in case of large plots for housing development in well-connected parts of cities. When the interesting plots of up to 5,000 m2 of residential and usage space appear on the market, even several companies compete for it. The larger the plot, the lower the number of competitors. Over the last two years, rates on the investment land market have increased by several dozen percent, depending on the location. Prices for 1 m2 of residential and usage space in attractive places in Warsaw or Krakow jumped by as much as 60 percent. Investors, for fear of further increases, buy land to increase their future profits. They are not deterred by soaring construction costs and time-consuming administrative procedures. The purchase of land can be financed in a number of ways. Many transactions are based on loans, many is financed from ongoing development activities, and some from issuance of bonds.   The pro-ecological, high standard housing estates, in unique location, turned out to be a hit among housing investments in the last year. The recent changes have translated into the demand for flats in recreational and tourist-attractive locations. The demand for land for residential buildings is further increased by the investments into premises for institutional quality lease. More and more development companies are involved in this type of projects, despite the lower margin. The share of the Private Rented Sector (PRS) in the sale of apartments as registered in 2021 by listed entities has already increased to over a dozen percent. Warehouses, warehouses everywhere As in case of housing developments, we can talk about very high demand for land for the planned warehouse and industrial investments. Wherever we see changes, road infrastructure improvements or express roads planned for construction, the land is immediately secured with preliminary contracts. It is easier to find plots for logistics projects, as investments in this sector are also carried out in greenfield areas located outside the administrative borders of cities. Therefore, both the greater supply and less competition from investors looking for land for investments in residential or service and commercial sectors. The land in required for both large-format investments with an area of ​​several dozen or over 100 thousand m2, as well as the so-called last mile warehouses and smaller municipal facilities. Investors from the warehouse sector are primarily interested in plots located near logistics hubs and in the vicinity of the largest cities, as well as plots located in smaller towns due to the rapidly growing online sales. The warehouse market is currently experiencing a period of the development of speculative investments. The companies are not afraid to perform such projects, as the demand for warehouse space has never been growing so fast as now, and there is practically no free warehouses space available. This is largely related to the growth of the e-commerce market, which is expected to grow further in value in the coming years, at the average rate of several per cent per annum. Moreover, the change of the transport structure, shortening the supply chains or the growing demand for buffer areas, where inventories are stored, also affect this demand. Similarly, the warehouses generate over half of the transaction volume on the investment market in Poland. Year by year, the logistics and industrial sectors are increasing their market share, reaching new highs. Our market is the point of interest of foreign capital from Europe, mainly from Germany, as well as North American and Asian companies. Shares of small shopping centers are going up Developers also share a keen interest in the construction of retail parks. The format now brings together as many as three-quarters of new investments in the retail sector. Retail parks, just like warehouses, have attracted more and more attention of funds and capital groups as investment assets. Although in Poland in 2021 the retail space has increased by 300,000 m2, with the same amount currently under construction, 70 percent of which being the retail parks, unfortunately there is still a shortage of this commodity. Hence, one-third of transactions for the purchase of commercial real properties from the last year concerned older-generation properties, dominated by properties owned by Tesco. The recent popularity of retail parks and convenience centers has resulted in the increased interest of the investors to perform such projects. Investors often enter into these investments in order to diversify their real properties portfolio. However, of course there are also entities on the market that specialize only in this format. The advantage of projects related to the construction of retail parks is that their construction process can be completed within 18 months, and the entry threshold is much lower in comparison to larger projects. In case of these projects, investors are looking for land mostly in smaller cities up to 100,000 or even 50,000 residents, in which market saturation is not too high. Land in such locations is much cheaper than in the largest cities, which also translates into higher investment profitability. The most attractive plots of land for new projects are located in areas which can potentially be visited also by residents of the surrounding boroughs. In case of retail parks, the key to ensuring satisfactory returns on investment is to include in the list of tenants a popular foodstuff chainstore. This is not only one of the most important reasons for visiting a shopping center, but also influences the image of the facility. An interesting trend that we can observe recently is the appearance of new brands in retail parks, often boutique brands, that have never been present in such facilities before. Land - the star of the investment market The high activity on the investment land market is also evidenced by the transactions carried out in 2021 by LBC Invest, most of which concerned land real properties. In WrocÅ‚aw and Kraków, we have supported our clients with comprehensive customer services for contracting of land in the implementation of development projects in the residential segment for over 45.000 m2 of residential and usable area. Some of them are under construction, and some are in the phase of obtaining building permits. We also closed a few speculative transactions last year. We are currently performing activities on over 70 ha of land. In the last quarter of 2021, we also signed contracts for the performance of comprehensive investment processes, including commercialization for retail parks located in Krakow and two smaller cities – in Lesser Poland and Pomeranian regions, with investors both from Africa and Poland. Last year, we also managed transactions for the purchase of commercialized land, together with construction designs and a building permit, and at the same time concluding general contracting agreements with previously selected companies. Concluding the contract of sale in this form was a condition for the purchase of investment areas, especially those for retail parks and located in attractive locations, with a built-up area of ​​2,500 to 8,000 GLA.
Cyberpunk 2077 Now Updated for Next Generation Consoles. Free Trial Available!

Dandelion's Journey Is Now Live In GWENT! Love Event Starting Soon!

Finance Press Release Finance Press Release 08.02.2022 14:44
CD PROJEKT RED today announced that the 8th season of Journey is now underway in GWENT: The Witcher Card Game, with the annual Love Event coming soon for players to take part in and earn Valentine's Day-inspired rewards.   The latest season of Journey features over 100 levels and more than 80 rewards to unlock by battling in GWENT's game modes of Standard, Seasonal, and Draft play. Throughout Journey's duration, players will also have the opportunity to complete weekly quests as a means of boosting their progression. Furthermore, each week a new chapter of an original story will be published, starring two fan-favorite Witcher world characters: bard Dandelion and spy Sigismund Dijkstra, who enter into an anything-but-easy alliance.   Watch the Journey Season 8 Trailer     Journey is free to play for all via its base tier, featuring avatars, borders, a player title, and rewards points obtained as players reach the various progression milestones. A Premium paid tier is also available, offering even more rewards on top of the ones featuring in the base tier, such as: kegs, cardbacks, coins, music tracks, as well as a Dandelion legendary neutral leader skin along with dedicated outfits and trinkets. Journey Season 8 begins today and will run for three months. Learn More About the Latest Season of Journey   The studio also announced today that the annual Love Event will soon begin in GWENT. Free to participate in for all players, this seasonal experience will see players align themselves with one of four sides, each represented by a Witcher-world character — then complete various tasks for reward points and unique vanities An additional reward, a special Queen Calanthe leader skin for the Northern Realms faction, will await players who complete tasks for all sides. The Love Event will run from February 11th, 2022 until February 22nd, 2022.   GWENT: The Witcher Card Game is available for free on PC via GOG.COM and Steam, Apple M1 Macs running macOS, as well as on Android and iOS. For more information on GWENT, visit playgwent.com. Source: CDProjekt
Ukrainian Tensions and Oil - Is Russia Really the Bad Guy?

Ukrainian Tensions and Oil - Is Russia Really the Bad Guy?

Finance Press Release Finance Press Release 04.02.2022 18:04
While everyone is criticizing Russia, it’s easy to follow the US ‘savior’ narrative. However, what if we looked at what’s happening with oil in mind?Disclaimer to today’s article: I’m providing this analysis from a pure energy-focused perspective. I do not claim it represents THE right view, but rather one of those that won’t be as visible in the mainstream. It is interesting to add different views as pieces of the same puzzle. I am looking forward to reading yours in the comments!Picture Source: MemedroidSeveral port facilities in Germany, the Netherlands and Belgium have been the target of cyberattacks, prompting the judicial authorities to investigate the suspicions of extortion of funds at the expense of German operators in the oil sector. Indeed, it would appear that this series of computer hackings that began several days ago primarily concerns oil terminals. This is disrupting deliveries in several major European ports against a backdrop of soaring energy prices.After jumping the day before, thanks to the strengthening of the euro against the US dollar induced by ECB President Lagarde, oil prices continued to rise during the European session on Friday. Consequently, the fall in the greenback came on top of the recovery in demand, the fall in US crude inventories and the disruptions in supply to boost the price of black gold on the climb, the two crude benchmarks evolving above the psychological mark of 90 dollars a barrel, galvanized by solid demand and tensions on the offer coming from (geo-)political risks.Who is Provoking Who?The situation is rather complex on the geopolitical scene, with the US claiming that Russia is planning an invasion in Ukraine, whereas the US under NATO cover sent additional troops to Eastern Europe. The question that may arise here is: who is provoking who? So far, we haven’t seen Russia placing troops in Mexico, on the border with the United States. On the other hand, the Biden administration may encounter difficulties in accepting that the Kremlin can agree to various partnerships with its European neighbors, especially regarding more favorable energy supplies. Instead, it’s in the US interest to weaken those diplomatic relations, potentially leading to additional partnerships that may arise between the EU and Putin.And as we see the US-led narrative getting through the Western mainstream media with more aggressive, suspicious, and tense tones towards Russia, this obviously has the effect of pouring some oil on the Russian-Ukrainian fire. Furthermore, the US needs reasons to demonstrate that NATO is still alive and relevant while a number of countries are now questioning their own participation in the US-led military organisation created in 1949, even going so far as to show some doubts regarding its current motivations.Isolating the Russian BearBy maintaining a hostile tone towards Russia’s intentions, the US is consequently trying to isolate the Russian bear and push their European partners to blindly follow the “official narrative” (as the EU being part of NATO), which could possibly lead to new sanctions on Russia, the latter being able to retaliate by using its energy assets and capacities to deprive the EU of the Russian supplies, which currently on the gas side represent between 30% and 40% of total gas imports for Europe. Then, as a result, the Americans could start exporting more gas into Europe via Liquefied Natural Gas (LNG) shipping – which again could benefit their energy-led commercial balance – the Europeans thus becoming the losing players in this game.As an example, we saw this week that a tanker loaded with LNG from the US will arrive at the LNG terminal in Świnoujście (Poland) at the end of this month, since Poland has LNG import capabilities which could be used to deliver US gas to Ukraine. Apparently, this is the second time (after the first one took place two years ago) that such gas deliveries are made by PGNiG, the Polish state-controlled oil and gas company, in cooperation with ERU (their strategic trading partner on the Ukrainian market).Actually, Ukraine suspended imports of Russian gas at the end of 2015. After relying on Russian gas imports for decades, they currently increasingly depend on imports from Europe. Since Ukraine has no LNG import capabilities, such US gas deliveries have been organized via a pipeline from the Polish terminal (through re-gasified LNG).WTI Crude Oil (CLH22) Futures (March contract, daily chart)Brent Crude Oil (BRJH22) Futures (April contract, daily chart)RBOB Gasoline (RBH22) Futures (March contract, daily chart)Henry Hub Natural Gas (NGG22) Futures (February contract, daily chart)In summary, geopolitics is always complex because it relies on individual economic and strategic interests of countries. The readings also depend on different views, and since there is always a lot of noise, it often helps to take some steps back in order to analyze the global situation from a different angle.Have a nice weekend! And remember to chime in on the conversation.Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Sebastien BischeriOil & Gas Trading Strategist* * * * *The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Gold Ended January Glued to $1,800. Will It Ever Detach?

Gold Ended January Glued to $1,800. Will It Ever Detach?

Finance Press Release Finance Press Release 03.02.2022 16:57
  Gold didn’t shine in January. The struggle could continue, although the more distant future looks more optimistic for the yellow metal. That was quick! January has already ended. Welcome to February! I hope that this year has started well for you. For gold, the first month of 2022 wasn’t particularly good. As the chart below shows, the yellow metal lost about $11 of its value, or less than 1%, during January. This is the bad side of the story. The ugly side is that gold wasn’t able to maintain its position above $1,800, even though geopolitical risks intensified, while inflation soared to the highest level in 40 years! The yellow metal surpassed the key level in early January and stayed above this level for most of the time, even rallying above $1,840 in the second half of the month. But gold couldn’t hold out and plunged at the end of January, triggered by a hawkish FOMC meeting. However, there is also a good side. Gold is still hovering around $1,800 despite the upcoming Fed’s tightening cycle and all the hawkish expectations about the US monetary policy in 2022. The Fed signaled the end of tapering of quantitative easing by March, the first hike in the federal funds rate in the same month, and the start of quantitative tightening later this year. Meanwhile, in the last few weeks, the markets went from predicting two interest rate hikes to five. Even more intriguing, and perhaps encouraging as well, is that the real interest rates have increased last month, rising from -1% to -0.6%. Gold is usually negatively correlated with the TIPS yields, but this time it stayed afloat amid rising rates.   Implications for Gold What does gold’s behavior in January imply for its 2022 outlook? Well, I must admit that I expected gold’s performance to be worse. Last month showed that gold simply don’t want to either go down (or up), but it still prefers to go sideways, glued to the $1,800 level. The fact that strengthening expectations of the Fed’s tightening cycle and rising real interest rates didn’t plunge gold prices makes me somewhat more optimistic about gold’s future. However, I still see some important threats to gold. First of all, some investors are still underpricing how hawkish the Fed could become to combat inflation. Hence, the day of reckoning could still be ahead of us. You see, just today, the Bank of England hiked its policy rate by 25 basis points, although almost half of the policymakers wanted to raise interest rates by half a percentage point. Second, the market seems to be biased downward, with lower and lower peaks since August 2020. Having said that, investors should remember that what the Fed says it will do and what it ends up doing are often very different. When the Fed says it will be dovish, it will be dovish. But when the Fed says it will be hawkish, it says so. This is because a monetary tightening could be painful for asset valuations and all the debtors, including Uncle Sam. The US stock market already saw significant losses in January. As the chart below shows, the S&P 500 Index lost a few hundred points last month, marking the worst decline since the beginning of the pandemic. Thus, the Fed won’t risk recession in its fight with inflation, especially if it peaks this year, and would try to engineer a soft-landing. Hence, the Fed could reverse its stance relatively soon, especially that it’s terribly late with its tightening. However, as long as the focus is on monetary policy tightening, gold is likely to struggle within its tight range. Some policymakers and economists have argued that the emergence from the COVID-19 pandemic is more like a postwar demobilization and conversion to a civilian industry than a normal business cycle. White House economists have compared the current picture to the rapid increases in 1947, caused by the end of price controls in conjunction with supply chain problems and pent-up demand after the war (“Historical Parallels to Today’s Inflationary Episode”, Council of Economic Advisers, July 6, 2021). The problem with this analogy is that it is only one instance from more than 70 years ago. More recent and more frequent inflation episodes have generally been ended by a recession or a mid-cycle slowdown. Price pressures have an internal momentum of their own and tend to intensify rather than lessen as the business cycle becomes more mature and the margin of spare capacity shrinks in all markets. If you enjoyed today’s free gold report, we invite you to check out our premium services. We provide much more detailed fundamental analyses of the gold market in our monthly Gold Market Overview reports and we provide daily Gold & Silver Trading Alerts with clear buy and sell signals. In order to enjoy our gold analyses in their full scope, we invite you to subscribe today. If you’re not ready to subscribe yet though and are not on our gold mailing list yet, we urge you to sign up. It’s free and if you don’t like it, you can easily unsubscribe. Sign up today! Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care
Rise.pl opens a branch in Lublin

Rise.pl opens a branch in Lublin

Finance Press Release Finance Press Release 02.02.2022 11:13
PRESS RELESE Warsaw, 02.02.2022 Rise.pl company has leased 1 600 sq m. of space in the CZ Office Park complex located at the intersection of Aleja KraÅ›nicka and NaÅ‚Ä™czowska Streets in Lublin. In June 2022, the provider of flexible workplaces solutions will offer a modern flex office space in the new location. Walter Herz supported the operator in the process of selecting space and negotiating lease terms. Rise.pl will launch instant offices and coworking spaces in CZ Office Park, an A-class office complex in Lublin. Tenants will also be able to use event spaces, 11 conference rooms, a chillout zone with a pool table and game systems, as well as an internal bar and cafeteria, kitchen and reception. The Lublin branch is the 13th location of Rise.pl in Poland, which also operates under the Chillispaces brand. The provider of flexible work solutions offers flex space in seven offices in Cracow, two offices in Lodz and branches located in Wroclaw and Rzeszow. Each office is tailored to the needs of the local businesses and allows for quick expansion. - We chose Lublin because we see great potential in this city for our industry, among others due to the fact that many companies from the IT sector and the outsourcing industry operate there. Moreover, Lublin is a very open business center that encourages companies to invest - says Katarzyna Augustyn, Sales and Marketing Director at Rise.pl. - When choosing the building in which we would open our first office in Lublin, we realized that the first location in the city is very important for the brand and will become a showcase and a point of reference for our further development. Therefore, entering the Lublin market required the selection of an outstanding property to display the quality and style we want to be identified with - says Katarzyna Augustyn. The operator ensures that the offices under the Rise.pl brand are arranged in such a way that they are not only comfortable places to work, with high technical standards and parameters related to safety, but also original spaces, with tasteful interiors, where one can not only work comfortably, but also spend quality time. Rise.pl has extensive development plans. The company intends to gradually expand the network of services so that the flexible offices offered by the company are available in all regions of the country. Lublin is the second location in Eastern Poland, after Rzeszow, for which Rise.pl has had extensive expansion plans for a long time. In the next two years, the company plans on launching flexible offices also in Szczecin, Poznan, Wroclaw, Opole, Katowice, Gliwice and Warsaw. - The concluded lease transaction is an important step for the development of Lublin's office infrastructure. Thanks to this decision, the city will gain the first modern flex office space. Due to the changes in ​​tenant preferences that have taken place on the market over the last two years, instant offices is a sector that will now develop even faster. Adoption of the long-term operating strategies by companies from the industry is confirmed by a 10-year lease period in CZ Office Park in Lublin. We are glad that we can contribute to the growth of the flexible work space market and participate in the transformation process that is currently taking place in the office segment in our country. Thanks to the wide range of office solutions and an increasingly extensive network of services offered by operators of flexible office spaces, tenants can work in a convenient place, time and form all over Poland - says Mateusz Strzelecki, Partner/Head of Regional Markets at Walter Herz. - Rise.pl was looking for a mixed-use space that would combine both a coworking space and independent offices for larger office segments, as well as full conference and event services. The lease of space in CZ Office Park was determined primarily by the unrivaled quality of the offered space, which allows for any configuration of office zones and the vicinity of key transport hubs in the city - informs Mateusz Dembski-Kornaga, Senior Negotiator at Walter Herz. - We are very pleased with Rise.pl’s investment, which is an important element of the city's economic ecosystem. The presence of such a valued brand in Lublin is a clear signal that the city's investment potential remains high, despite the economic turmoil on a national scale. Over the last several months, we have observed an increasing interest in flexible space on the market, which is reflected in the profile of the projects we handle. The space offered by Rise.pl will certainly become an important point on the map of business events in Lublin - says Igor Niewiadomski, coordinator of the Investor Assistance Office of the Lublin City Office, which supported the project. CZ Office Park D is a prestigious A-class office and retail building, located at the intersection of Aleja KraÅ›nicka and NaÅ‚Ä™czowska Streets in Lublin. One of the most modern properties in the city is located near the main transportation routes and academic centers. The total lease area offered by the complex is over 40,4 thousand sq m. The buildings were made in a modern, energy-saving facade technology with the use of the latest air-conditioning and ventilation solutions, guaranteeing comfortable working conditions. CZ Office Park is a place that attracts high-profile events, engaging both tenants and the business and cultural environment of the city. About Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For nine years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners. It provides extensive support for both public and private sector. Walter Herz experts assist clients in finding and leasing space, and give advice when it comes to investment and hotel projects. In addition to its headquarters in Warsaw, the company operates in Cracow and the Tri-City. Walter Herz has created Tenant Academy, first project in the country, supporting and educating commercial real estate tenants across Poland, with on-site courses held in the largest cities in the country. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
2022: The office market in transition

2022: The office market in transition

Finance Press Release Finance Press Release 31.01.2022 15:40
PRESS RELEASE Warsaw, 31.01.2022 Bartłomiej Zagrodnik, Managing Partner/CEO of Walter Herz In the upcoming time, modern workplaces, full of new technologies and creating a friendly environment for users, will gain more and more importance. Office buildings operating in accordance with ESG principles, new environmental, social and corporate governance, especially those located in the city centers will take the leading position. Further changes on the office market will be largely determined by the pace of adaptation of the hybrid work model in companies. If we look at today's market, we can see that hybrid work is slowly becoming the norm. Companies are open to this model, which is related to the preferences of employees, who more and more often expect employers to be more flexible in the choice of the form of work and working hours. Many young people base their interest in the job offer and the willingness to take part in the recruitment on it. Therefore, in the upcoming years, offices will evolve into spaces adapted to the rotational work model. Clearly, it is not possible to introduce a division into remote and office work in all sectors. However, for example, in the area of IT, finance, administration and accounting, or services for business, marketing, customer service and HR, we can expect a gradual spread of the hybrid work model. Flexible rental option In the upcoming years, some companies will probably decide to reduce the amount of office space they occupy. Although the scale of this phenomenon so far, contrary to appearances, is not as large as it may be assumed, the tendency is visible. Certainly, tenants will also look for increasingly flexible solutions, thanks to which they will be able to use office space in many ways, adapting it on an ongoing basis to the changing needs of the company. The number of companies that will decide on the core & flex option, assuming a combination of traditional space and the use of flexible space, will increase. This direction in the selection of space for work by entrepreneurs is noticed by the owners of office real estate, who include flexible spaces in the pool of amenities in their buildings. It is also grist to the mill to the companies offering flex space. The segment is systematically growing. This year, more coworking spaces are scheduled to be opened all over Poland. It is likely that an increasingly popular option will also be subscriptions to access coworking networks with space available in various locations. It should be noted that buildings located in central parts of the cities are now even more popular than before. This is visible in, for example, last year's lease structure in Warsaw, where most of the leased space was located in the city center. The offices themselves are also changing. Their space is even more adapted to interactive group work. It gains open space, which, with low office occupancy, gives employees a sense of greater comfort. At the same time, access to quiet working areas and social areas is also important. New investors We are glad that many entities are planning to enter the Polish market. It will result in spaces potentially reduced by some industries, gaining new occupants. One of the main sectors that has been dynamically developing in Poland for years, and is the tenant of a large part of offices is the industry that provides modern services for business. Growing employment in this segment is related to the constant influx of new investors to our country and the development of organizations already present on the Polish market. Large-scale recruitment is taking place in the sector. Most jobs are offered today by companies from Great Britain, Switzerland, the Netherlands, Belgium and Germany, which have recently decided to transfer their services to our country. Sector companies are constantly opening new recruitment processes, but there are fewer candidates than job positions. Also in this industry, the expectations of employees and employers differ. Most of the employees, who are generally flooded with job offers, expect to work in a hybrid or fully remote system, while the employers want to return to the offices. I believe that this year we can expect more tenant activity, which will translate into a decline in the office vacancy rate in the country. Across the world, we can already observe a great return to offices. Symptoms of the reversal of the downward trend in the office sector could already be observed on our market in the last quarter of 2021. In Warsaw, in the last three months of last year, tenant activity returned to the level seen before the pandemic. Only the fourth quarter of last year was responsible for as much as 40 per cent of space leased on the Warsaw market throughout all of 2021. Last year, the demand for Warsaw offices reached almost 650 thousand sq m. of space, while almost 325 thousand sq m. of new offices were launched onto the market. Almost 80 per cent of the commissioned space is located in the center. Similarly, most of the contracted offices are located centrally. Demand is rising, supply is dropping Unfortunately, most office investments are still frozen. Developers are cautious about building new projects. In Warsaw, half as much office space is under construction compared to 2019. Investments are being slowed down by the rapidly growing costs of real estate development, amidst unstable market conditions. If the situation does not change and new projects are not launched in the next 2-3 years, we may have a shortage of space in the main office markets in the country. On the other hand, the activity of investors is growing, but they have more and more requirements in terms of the quality of buildings, including ESG. There is a growing demand for modern office buildings that meet restrictive requirements related to ecological parameters, located in the largest cities in the country. The estimated value of the transaction volume on the investment market in Poland in 2021, is similar to the level achieved in 2020. However, we expect an increase in the dynamics of the investment market in the upcoming months and a greater inflow of capital to Poland. There are many transactions concerning projects from the office segment that have recently entered the market that are being negotiated nowadays, therefore this year should bring an improvement in results. Critical ESG ESG issues will be of key importance for investors' decisions. It is not only about the growing general awareness of sustainable development and the impact of construction and buildings on the environment, but also about the adopted requirements and the related need to report on ESG activities. Investment strategies will be closely connected to the acquisition of assets and cooperation with companies that offer a product that meets environmental requirements. It will have a significant impact on the real estate market in the upcoming years and the value of assets. Investors and tenants will expect low-emission office buildings, or plans to achieve that goal. Facilities offering solutions in the area of ​​climate technologies will gain a competitive advantage. Trends related to the certification of buildings in terms of user-friendly impact and guaranteeing their full safety, will also become stronger. About Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For nine years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners. It provides extensive support for both public and private sector. Walter Herz experts assist clients in finding and leasing space, and give advice when it comes to investment and hotel projects. In addition to its headquarters in Warsaw, the company operates in Cracow and the Tri-City. Walter Herz has created Tenant Academy, first project in the country, supporting and educating commercial real estate tenants across Poland, with on-site courses held in the largest cities in the country. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
NASDAQ, Non-Farm Payrolls, GBPAUD, Gold and More in The Next Episode of "The Trade Off"

Stock Market in 2022: Momentum on the Stocks in the Market Are In a Solid Footing

Finance Press Release Finance Press Release 28.01.2022 10:51
The year 2022 is seemingly a mixed bag, even as markets start reopening. The year looks promising, though, with issues like inflation and COVID to contemplate. Historic rallies in 2021 after lockdowns are looking to inspire trading in various industries, with some assets to look out for by investors. Growth will surely return at some point, but so will disappointing instances where tumbles will dominate trading desks. The S & P's historic gains of 30 percent dominated the press at the close of 2021, making investors using Naga and other optimistic platforms. The ended year had one of the longest bull markets. However, the Fed rate tightening and the direction the pandemic will take are some things to expect, notwithstanding that the stock market might grow by a whopping 10 percent in 2022. Trading Movements In Week One 2022 European markets have opened with a lot of optimism in 2022, the pan-European STOXX 600 closed at 489.99 points; this is 0.5 percent higher than the opening figure. The European benchmark was some percentage lower than the overall S&P 2021 performance, though with a surge of 22.4 percent. Record gains in the stock markets have relied on the positions taken by the governments during the pandemic. In the USA and Europe, increasing vaccination rates and economic stimulus measures have improved investor confidence. However, there are indications for more volatility in 2022, a situation investors must watch keenly. There has been little activity in London markets in the first week of 2022, while in Italy, France, and Spain gains of between 0.5-1.4 percent made notable highlights. European markets had diverse industries drive up the closing gains witnessed; the airline sector, in particular, has had a significant influence. Germany’s Lufthansa (LHAG.DE) had an impressive 8.8 percent jump while Air France KLM (AIRF.PA), a 4.9 percent gain. Factory activity is another factor to thank for the first week's gains all over Europe. Noteworthy, the Omicron variant influenced trading in the entirety of December, but the reports that it is milder than Delta has energized market activities coming into January. S&P and DOW Jones 2022 First Week Highs Across the Atlantic, the Dow Jones Industrial Average (DJI) and S&P 500 (SPX) closed at a record high, highlighting a similar aggressiveness as the European markets. While the jump was industrial-wide, Tech stocks continued to dominate, as Apple finally touched the $3 trillion valuation, though for a short time. Tesla Inc. (TSLA.O) posted a 13.5 percent jump thanks to increased production in China and an unprecedented goal to surpass its target. The US market, like the European market, is also in a fix; the Omicron variant of COVID-19 continues to cause concern with the wait-and-see approach, the only notable strategy. Currently, every country is reporting a jump in the number of Covid cases, with the UK going above 100K cases for the first time and the US recording some new records as well. School delays and increased isolation by key workers will surely debilitate the markets, with the global chip shortage another point to contemplate. However, markets can still ride on the increased development of therapies to help fight Covid. The U.S. Food and Drug Administration (CDC) has been quick, as now children can have their third doses as well. Industries to Look Out For In 2022 European automakers have seen early peaks, while the airline sector has also picked up fast. In the US, tech shares continue to dominate, and 2022 might witness new records never seen before. However, the energy sectors have also dominated the news in 2021, and in 2022; the confidence in them will continue to rise because of an anticipation of stabilization in energy prices. The same goes for crude oil prices. Regardless, shareholders will continue watching the decisions by the Federal Reserve, a review in the current interest rates will surely tame inflation. Conclusion 2022 will see its highs and lows in investments. Some assets will make the news and investors will be keen to use any information to make key decisions. Tech will continue to shine, but it is important to anticipate the direction of the pandemic, as it will be an important factor in investor decisions.
Gold Plunged but Didn’t Knuckle Under to the Hawkish Fed

Gold Plunged but Didn’t Knuckle Under to the Hawkish Fed

Finance Press Release Finance Press Release 27.01.2022 14:17
The FOMC set the stage for a March interest rate hike, which was an aggressive signal. Gold got it and fell – but hasn't capitulated yet.The Battlecruiser Hawk is moving full steam ahead! The FOMC issued yesterday (January 26, 2022) its newest statement on monetary policy in which it strengthened its hawkish stance. First of all, the Fed admitted that it would start hiking interest rates “soon”:With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.Previously, the US central bank conditioned its tightening cycle on the situation in the labor market. The relevant part of the statement was as follows in December:With inflation having exceeded 2 percent for some time, the Committee expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment.The alteration implies that, in the Fed’s view, the US economy has reached maximum employment and is ready to lift the federal funds rate. Indeed, Powell reaffirmed it, saying:There’s quite a bit of room to raise interests without threatening the labor market. This is by so many measures a historically tight labor market — record levels of job openings, quits, wages are moving up at the highest pace they have in decades.Powell also clarified the timing, stating that “the Committee is of the mind to raise the federal funds rate at the March meeting.” This is not completely unexpected, but does mark a significant hawkish change in the Fed’s communication, which is negative for gold.Second, the FOMC reaffirmed its plan, announced in December, to end quantitative easing in early March. It means that in February, the Fed will buy only $20 billion of Treasuries and $10 billion of agency mortgage-backed securities, instead of the $40 and $20 purchased in January:The Committee decided to continue to reduce the monthly pace of its net asset purchases, bringing them to an end in early March. Beginning in February, the Committee will increase its holdings of Treasury securities by at least $20 billion per month and of agency mortgage‑backed securities by at least $10 billion per month.Third, the FOMC is preparing for quantitative tightening. Together with the statement on monetary policy, it published “Principles for Reducing the Size of the Federal Reserve's Balance Sheet”. The Fed hasn’t yet determined the timing and pace of reducing the size of its mammoth balance sheet. However, we know that it will happen after the first hike in interest rates, so probably as soon as May or June. After all, as Powell admitted during his press conference, “the balance sheet is substantially larger than it needs to be (...). There’s a substantial amount of shrinkage in the balance sheet to be done.”Implications for GoldWhat does the recent FOMC statement imply for the gold market? The end of QE, the start of the hiking cycle, and then of QT – all packed within just a few months – is a big hawkish wave that could sink the gold bulls. The Fed hasn’t been so aggressive for years.Of course, maybe it’s just a great bluff, and the Fed will retreat to its traditional dovish stance soon when tightening monetary and financial conditions hit Wall Street and the real economy. However, with CPI inflation above 7%, mounting political pressure, and public outrage at costs of living, the US central bank has no choice but to tighten monetary policy, at least for the time being.It seems that gold got the message. The price of the yellow metal plunged more than $30 yesterday, as the chart below shows. Interestingly, gold started its decline before the statement was published, which may indicate more structural weakness. What is also disturbing is that gold was hit even though the FOMC statement came largely as expected.On the other hand, gold didn’t collapse, but it dropped only by thirty-some dollars, or about 1.6%. Given the importance and hawkishness of the FOMC meeting, it could have been worse. Yes, the hawkish message was expected, and some analysts even forecasted more aggressive actions, but gold clearly didn’t capitulate. Thus, there is hope (and turbulence in the stock market can also help here), although the upcoming weeks may be challenging for gold, which would have to deal with rising bond yields.If you enjoyed today’s free gold report, we invite you to check out our premium services. We provide much more detailed fundamental analyses of the gold market in our monthly Gold Market Overview reports and we provide daily Gold & Silver Trading Alerts with clear buy and sell signals. In order to enjoy our gold analyses in their full scope, we invite you to subscribe today. If you’re not ready to subscribe yet though and are not on our gold mailing list yet, we urge you to sign up. It’s free and if you don’t like it, you can easily unsubscribe. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care
Hotels increase their accommodation base

Hotels increase their accommodation base

Finance Press Release Finance Press Release 21.01.2022 11:08
PRESS RELEASE Warsaw, 17.01.2022 The growing interest in domestic tourism is conducive to the development of accommodation facilities in resorts. Interesting city hotels are also opening. The current year should bring stabilization in the hotel industry as more countries move from treating the covid as pandemic to endemic - Speaking of the current shape of the hotel sector, it is difficult to treat the market as a whole. Today we are dealing with two markets. The first of them - the city hotel market, considered safer before the pandemic, due to a more balanced structure of guests, as well as less seasonality than the second hotel market, that is tourist hotels. Currently, it is the latter market that is doing much better and is recovering from losses. City hotels, on the other hand, largely focus on maintaining the current profitability, however, in the fall, there was a recovery in demand from business guests and MICE. The results that the industry finished 2021 with are far from those before the market changes, but last year we could already see a recovery in demand and average prices on the market - says Katarzyna Tencza, Associate Director Investment & Hospitality at Walter Herz. Although there were fewer foreign guests, the hunger for travel and the uncertainty associated with overseas travel meant that in July and August last year, about 190 thousand more Poles stayed in hotels than in the summer of 2019. Demand accumulated in the summer as a result of, among others, the restrictions that hotels were subject to in the winter and spring months. The summer season in the resorts was very successful. The beginning of autumn in the resorts brought a sustained high demand for leisure and group stays. In November and December, the situation was clearly worse, with the exception of the holiday season, which was another opportunity for hotels in holiday destinations to increase revenues. - Good results obtained by resort facilities during the summer do not mean that the entire year 2021 can be considered successful by the industry. The turnover in the entire sector was lower than that achieved before the pandemic. The year 2022 should bring a continuation of the recovery in demand in the city markets - says Katarzyna Tencza. Ownership changes Despite the difficulties faced by hotels, so far we have not dealt with many transactions on our market. Especially that the largest market players mostly refrain from acquiring assets in this segment. The mass bankruptcies which were to happen in 2021, did not take place. Hotels for sale are not very attractive to investors due to location or other factors. The transactions took place mainly on regional markets. For example, NK Rysy company purchased Hotel Rysy, located in the very center of Zakopane. The unfinished Ewerdin hotel in Swinoujscie was also sold. In the second half of the year, a 100-room hotel located in the center of Cracow was also sold. We could also observe transactions concerning hotel facilities intended for other functions. Orbis has signed a preliminary agreement for the sale of the Ibis Hotel in Kielce, which is to be transformed into a different function facility. The deserted Astoria hotel in Klodzko was sold to a developer from Cracow, who after the renovation, will probably offer retail and service space. Polkomtel bought the Ossa hotel located in Ossa near Rawa Mazowiecka, in order to build a rehabilitation center. Polski Holding Hotelowy is also active on the market, which carries out the process of consolidation of facilities providing hotel services, owned by state-owned companies. PHH concluded a conditional agreement for the purchase of Geovita SA, part of the Polish Oil and Gas Mining Group, which manages several recreational facilities throughout Poland. The holding has also signed a conditional agreement with PGE Polska Grupa Energetyczna for the purchase of ten hotels and facilities belonging to Elbest, one of its companies that owns hotels, including in Krynica, MiÄ™dzyzdroje, Myczkowce nad Solina as well as facilities in Krasnobrod and Szklarska Poreba. Polski Holding Hotelowy has also signed conditional agreements for the purchase of a controlling stake in Interferie and shares in Interferie Medical SPA, companies belonging to the KGHM Group, thanks to which it will receive another six properties. New, high-class facilities in resorts In 2021, holiday resorts expanded their offer of high-quality hotel facilities. The recent openings are, of course, the result of investment processes initiated before the market turmoil. Tourist accommodation resources in the country increased, among others, thanks to the opening of the Radisson Resort hotel in Kolobrzeg with 209 rooms and an aquapark, the five-star Crystal Mountain hotel in WisÅ‚a with almost 500 rooms and an aquapark, and the 124-room Tremonti Ski&Bike Resort complex in Karpacz. Despite the difficulties, the hotel market continues to expand its resource base. New seaside hotel investments, as in previous years, are mostly located on the line between Swinoujscie and Kolobrzeg. Hotel investments in this region are mostly condo hotels. The largest projects include the Wave MiÄ™dzyzdroje Resort & SPA hotel with 393 suites, Aqua Resort in Miedzyzdroje with 300 rooms and an aquapark, 435-room Radisson Blu Resort in Miedzywodzie, Hotel GoÅ‚Ä™biewski in Pobierowo with approximately 1400 rooms, PINEA Resort & Apartments in Pobierowo with 138 apartments, 266-room Mövenpick in Kolobrzeg, Baltic Wave in Kolobrzeg which is to offer 468 suites. Polish mountains offer interesting hotel investments, also largely sold in the condo system, Among the most interesting projects are Elements Hotel & SPA in Swieradow Zdroj with 289 rooms, Sanssouci Karpacz MGallery Hotel Collection with 110 rooms, Movenpick in Karpacz with 126 rooms, Mövenpick Zakopane Imperial Hotel with 130 rooms, Infinity Zieleniec Ski & SPA in Duszniki Zdroj with 328 apartments, and Linden Hotel & Resort in Szklarska Poreba with 137 rooms. New city hotels - Hotel chains previously focused mainly on municipal investments, are now very active also in the holiday destinations. In addition, smaller regional cities are gaining in importance. Unfortunately, high prices of investment plots and fierce competition in the fight for land from investors developing apartments for rent and dormitories, as well as rising construction costs make it more and more difficult to budget for the new hotel projects. Banks are still very cautious about financing hotel investments - informs Katarzyna Tencza. The investment interest in the sector is mainly in tourist destinations, but urban locations can also offer visitors new, interesting facilities. Last year saw the opening of such facilities as the ibis Styles Kraków Centrum hotel with 259 rooms, NYX Hotel Warsaw of the Leonardo Hotels chain with 331 rooms, located in the Varso Place complex near the Warsaw Central Station, Tulip Residences Warsaw Targowa hotel with 110 units, and Mercure Katowice Centrum with 268 rooms. In addition, the 195-room Mercure Kraków Fabryczna City hotel appeared on the Cracow market, 300-room AC Hotel by Marriott Kraków and Courtyard by Marriott Szczecin City hotel was opened in the Posejdon complex in Szczecin. It offers134 rooms. In WrocÅ‚aw, guests were welcomed by the Jazz aparthotel with 62 rooms and Hotel Herbal with 66 rooms, and at the end of last year, Dwór Uphagena Arche Hotel GdaÅ„sk with 145 rooms was opened in Gdansk. The Olsztyn market welcomed the 105-room Hampton by Hilton Olsztyn hotel. This year, the city hotel market will be supplied with a dozen or so new facilities under the brands of international and Polish brands. Most of them are hotels for which investment decisions were made before the pandemic. The Warsaw market is to be supplied, among others, by 238-room Focus Hotel Premium Warszawa located in Mokotow, 192-room Staybridge Suites Warszawa Ursynów, 448-room Royal Tulip Warsaw Apartments in Unique Tower building on Grzybowska Street, 96-room Autograph Collection by Marriott International in Warsaw's Old Town, or 66-room Flaner Hotel WorldHotels Crafted Collection. In Cracow, a 216-room Hyatt Place Kraków hotel, 125-room Autograph Collection by Marriott International, 116-room Curio Collection by Hilton Hotel Saski Kraków, 53-room Garamond Boutique Hotel Tribute Portfolio, and 173-room Hampton by Hilton Krakow Airport hotel are to open next year. A 130-room B&B hotel is to welcome guests in Lublin, and a 122-room Hampton by Hilton BiaÅ‚ystok is to be commissioned in Bialystok. The 201-room Q Hotel Plus WrocÅ‚aw Bielany will open in Wroclaw and the former Sofitel Wroclaw Old Town hotel with 205 rooms will reopen under the Wyndham brand. More challenges The rapidly changing market conditions mean that the industry is facing new challenges. The greatest difficulties that hotels will have to grapple with in the near future are the rising costs of living and the lack of employees. Problems are also related to the recovery of demand from corporate guests, the MICE sector and foreign tourists. Rises in energy, gas and garbage disposal prices, and rising labor costs, are making it difficult for the sector to recover. Growing inflation driving the costs of maintaining facilities is forcing a rise in accommodation prices. We can expect an increase in accommodation prices in the upcoming months, both in holiday destinations and urban locations. About Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For nine years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners. It provides extensive support for both public and private sector. Walter Herz experts assist clients in finding and leasing space, and give advice when it comes to investment and hotel projects. In addition to its headquarters in Warsaw, the company operates in Cracow and the Tri-City. Walter Herz has created Tenant Academy, first project in the country, supporting and educating commercial real estate tenants across Poland, with on-site courses held in the largest cities in the country. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
ICM.com Extends Partnership With F1 Team, Scuderia AlphaTauri

ICM.com Extends Partnership With F1 Team, Scuderia AlphaTauri

Finance Press Release Finance Press Release 19.01.2022 13:32
London, UK – (18 January, 2022): ICM.com, UK-based leading global multi-regulated financial service provider, is exhilarated to announce the partnership with F1 team, Scuderia AlphaTauri will continue for the year 2022. The partnership commenced during the first quarter of the 2021 season with the inaugural race in Monaco and the renewal was inked during the last Turkish Grand Prix. The partnership will continue through the 2022 season, featuring the ICM.com logo on the new 2022 car in the upcoming season. Not to mention, that ICM’s logo will also be displayed on the drivers’ and teams’ attire, the team’s fleet of trucks, and all Partner logo displays in the trackside hospitality, garage and communications facilities. ICM.com will also be working closely with the Scuderia AlphaTauri team and its drivers, including Pierre Gasly and Yuki Tsunoda on several marketing initiatives that would further help in the expansion of the ICM brand worldwide and across the F1 global fanbase. Alongside the company’s presence at the most iconic motorsport trails, ICM.com is currently partnered with England Polo team at Chestertons Polo in the Park. The organisation has a unique partnership history with partners such as Newcastle United FC, Fulham FC and World Cycling Revival 2018. Shoaib Abedi, CEO and Founder said “It has always been in our best interest to collaborate with establishments who share similar visions as ours and we are thrilled to be extending our partnership with Scuderia AlphaTauri, which has been a well-matched partner for ICM, sharing a fierce pursuit of performance and innovation. The year 2021 was a great season and we look forward to many more years of great partnerships and business relationships.” The contract renewal with Scuderia AlphaTauri comes as no surprise. Both establishments are looking forward to yet another successful year and to creating more new and exciting opportunities to engage with fans of the financial markets and formula 1 world. The teams are eagerly anticipating the first international race of the 2022 season, which will take place in Bahrain on March 20th.  
Real estate with a breath of fresh air

Real estate with a breath of fresh air

Finance Press Release Finance Press Release 12.01.2022 14:30
PRESS RELEASE Warsaw, 11.01.2021 Commercial real estate market in Poland has come a long way since the spring of 2020. Never before have so many changes been made in such a short time. Adaptation to new conditions turned out to be the most difficult for hotels and retail. For the warehouse market, in turn, the reshuffling of sales and deliveries became a springboard for a series of records. The offices returned in a new form. Nowadays, the new trends that will shape the market in the upcoming years, lead the way for the real estate sector. Experts from Walter Herz consulting company comment on what is changing. Offices in demand - Despite the popularization of home office and the hybrid work system, we cannot speak of a revolution on the office market. The situation in the sector is quite stable. However, the way the space is used is changing. Tenants decide to extend contracts and change the arrangement of space, adapting it to the needs of employees in the new market environment. Some companies reduce space and maximize its use. Co-working is trending. Companies create more space for team work, integration and meetings - informs Mateusz Strzelecki, Partner / Head of Regional Markets at Walter Herz. Mateusz Strzelecki expects an explosion of relocation to flexible offices this year. - This tendency was already visible last year, but we expect an increase in the activity of companies this year. This is due to the fact that nowadays, tenants need more time to decide on the new office, even a year or a year and a half - admits Mateusz Strzelecki. Mateusz Strzelecki also points to a positive symptom visible on the market related to the return of foreign companies that have been actively looking for locations for their headquarters in our country since autumn last year. Strzelecki also speaks of the great boom seen on the flex space market segment. - Tenants now prefer shorter, flexible contracts with different options of space. Hence, the growing demand for instant offices and co-working spaces is growing. They offer a full range of services and short lease terms, which attracts tenants. They are most often complementary to traditional spaces. The resources of flexible space are growing rapidly and are already provided by the majority of the most modern facilities. In 2022, the potential of this segment will increase – predicts Mateusz Strzelecki. Frozen projects However, Mateusz Strzelecki no longer speaks of an increase in the resources of traditional office space on the market with such great optimism - The amount of space under construction, especially on the Warsaw market, is the lowest in a decade and there are no signs that this will change in the near future. The situation is better on the regional markets, while in Warsaw most of the large office investments have already been completed, and the remaining construction projects are nearly finished. Almost half of the space in the projects under construction already has tenants. Over time, the free space will shrink and the market offer will become smaller. There is a supply gap on the horizon in the next two years, as only a small number of projects is under implementation. Low supply with higher expected demand may translate into optimization of lease terms on the part of building owners, and even an increase in rental rates in the best buildings in central locations, which are currently the most popular. Increasingly higher utility prices will, in turn, affect the increase in service charges - notes Mateusz Strzelecki. - The growing construction costs related to high inflation and an increase in interest rates do not encourage investors to act. Prices for building materials, services, land and wages are rising. We can expect this trend to continue this year. Estimates show that the cost of delivering an office building to the market has increased by over 30 per cent, since the beginning of the pandemic. In addition, there are difficulties related to the timely delivery of materials - says Mateusz Strzelecki. Warehouse sector is hot BartÅ‚omiej Zagrodnik, Managing Partner/CEO of Walter Herz, points out that thanks to the large-scale office buildings that have been commissioned last year and which constitute attractive assets, this year's value of transactions on the investment market may reach the level seen in Poland before the pandemic. - In 2021, the transaction volume will probably be similar to the one recorded last year. The warehouse and industrial sector will account for almost a half of the total value. The demand for logistics real estate is breaking records not only on our market. In Poland, convenience-type facilities, retail parks and local daily service centers providing access to everyday goods are also gaining importance. Investors also appreciate more and more projects offering flats for institutional rental, student dormitories, retirement homes and nursing homes, which guarantee lasting capital security and an attractive level of return - informs BartÅ‚omiej Zagrodnik. - The pandemic has significantly boosted the development of the warehouse real estate market. A record amount of space is under construction all over the country. The historically high new supply is followed by an equally high demand, which was a third higher in the first three quarters of 2021 than in the corresponding period a year earlier. This is a trend that will continue also this year due to the further development of e-commerce and nearshoring, locating production closer to the outlet zone and striving to shorten the supply chain – explains BartÅ‚omiej Zagrodnik. New concepts BartÅ‚omiej Zagrodnik points out that more and more warehouses built in the new standard will enter the market. They will reach the height of 12 m. - Developers are also noticing great interest in last mile logistics facilities, located close to large urban agglomerations, and will implement more such projects. These types of facilities are particularly popular among distributors and delivery companies, which are associated with the boom in the e-commerce sector. This year, the dark store concept, which debuted on our market in 2021, will also be popularized in Poland. Networks of distribution microcenters, resembling shops, but created exclusively to handle online orders with express delivery in several minutes, will be expanded, which are already operating in the seven largest cities in the country – informs BartÅ‚omiej Zagrodnik. Walter Herz specialists agree that commercial investments in Poland have chosen the multiple functionality course. Among the projects prepared for construction, mixed-use complexes implemented in several stages predominate. The purpose of designing part of the investment is also to supplement the development with additional functions, as is the case with the office building in SÅ‚użewiec in Warsaw. - We could observe the implementation of investments with residential, commercial, service, entertainment and hotel functions in major cities in the country even before the pandemic. Now, such facilities have dominated the sphere of new investments. Projects built in line with sustainable development meet not only the expectations of today's investors, but also the needs of office users who appreciate the advantages of the local area even more, but expect a comprehensive offer - says Piotr SzymoÅ„ski, Director Office Agency at Walter Herz. - In Warsaw, the implementation of new, large-scale mixed-use investments is scheduled, among others, in the districts of Bielany and Å»eraÅ„. Complexes of this type will also be built in Kabaty and OkÄ™cie – says Piotr SzymoÅ„ski. More and more green - When outlining outstanding trends, it is impossible not to mention the ESG (Environmental, Social and Corporate Governance) standards, which are becoming an increasingly important criterion in assessing the value of commercial real estate. The building's efficiency, emissivity and the comfort it provides to its users, confirmed by certificates, have become a key issue for investors. The environmental aspect related to projects in the face of climate change is already as important as the financial profit and, in the context of EU directives, to a large extent influences business decisions. Sustainable investments achieve higher market valuations and are better rated by financial institutions - says Piotr SzymoÅ„ski. Piotr SzymoÅ„ski expects further, more and more detailed regulations on ESG. - We are observing an increasing desire to reduce operating costs and minimize the impact on the planet through the use of energy-saving solutions. Facilities that take into account the convenience of users are also more popular among tenants. Companies pay attention to how the space in which they work affects the natural environment. Some organizations only work with entities that represent similar standards in this field. Therefore, it can be expected that year to year there will be more "green" buildings on the market. We can also expect an increase in market competitiveness in this respect – adds Piotr SzymoÅ„ski. Aboout Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For nine years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners. It provides extensive support for both public and private sector. Walter Herz experts assist clients in finding and leasing space, and give advice when it comes to investment and hotel projects. In addition to its headquarters in Warsaw, the company operates in Cracow and the Tri-City. Walter Herz has created Tenant Academy, first project in the country, supporting and educating commercial real estate tenants across Poland, with on-site courses held in the largest cities in the country. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
The FBS 2021 Year in Review

The FBS 2021 Year in Review

Finance Press Release Finance Press Release 30.12.2021 12:49
FBS, an international trading broker, sums highlight of this outgoing year up. In 2021, the world was tested once again, demonstrating our resilience and ability to overcome challenges. Despite all difficulties, the FBS yearly results turn to be great. In this light, FBS has prepared a special video to share its achievements with everyone. The year of new heights It was a vivid year for FBS, which has become even more powerful thanks to its new traders and partners. Currently, 21 000 000 traders joined FBS. Also, FBS clients opened over 500 800 000 orders and earned $740 864 599 during 2021. The annual total trading volume of FBS is $8 974 589 830 000. The numbers are really huge and show the broker’s reliability and prosperity. The year of cooperation FBS has widened its collaboration with talented and outstanding people united by common goals and vision. In May 2021, FBS became the Official Principal Partner of Leicester City Football Club. The partnership commemorates the mutual vision of the two teams. The growing strength of Leicester City and the unique capabilities of FBS to make trading accessible to everyone yielded results. The various joint contests and interesting activities were held for FBS clients and LCFC fans. And it is only the start of this three-year journey. In addition, FBS found a new brand ambassador, Kan Kantathavorn in South East Asia. Famous Thai actor, host, and model has the same ideas and values. Thus, FBS and Mr. Kan aspire to give people more free time to do great things and be with family by earning on trading. A global media campaign started in September 2021 with fascinating videos devoted to the FBS products and promises to bring even more. The year of kindness FBS never stands aside when it comes to making the world a better place. That is why FBS donates money for charity every year. And 2021 was no exception. This year, FBS keeps fulfilling its traders’ dreams and gives people opportunities to grow themselves and help others in Dreams Come True. One of the FBS traders’ dreams was to support low-income mothers. And FBS sent special kits of clothes and necessities for newborns to its trader who helps those in need since childhood. He has already delivered the packages to several hospitals in the south of Bogota. Now the newborns are surrounded by care, and their moms can breathe a sigh of relief. This event showed how important it never stop dreaming. Thus, FBS share the greatest power of all. The power of helping others. The year of rebranding FBS keeps improving, becoming more digital and up-to-date to provide clients with the best service possible. Each fresh design element, such as logos, colors, fonts, or blocks, has its meaning to highlight every FBS product’s uniqueness and make them more recognizable and manageable for users. The renewed brand style marks the beginning of an even more client-oriented era in FBS history. The world is developing, more innovations come and go, but something stays unchanged – broker’s gratitude to each trader. The year of trendy features This year, FBS has strengthened the efficiency of its products. Just in 2021, 8 000 000 new traders joined FBS Personal Area while FBS Trader, an all-in-one trading platform, crossed 5 000 000 downloads and new traders. Being among the financial market leaders, FBS improved opportunities for stock traders. That is why the list of instruments was steadily updated with new stocks to diversify the portfolio easily. Recently added stocks are listed on London Stocks Exchange and Frankfurt Stock Exchange. Also, FBS Trader were updated with Economic Calendar to trade Forex in the most convenient way. Now traders can explore all economic events with no need to google news. FBS couldn’t ignore the growing crypto market. So, in the FBS Trader app, a Crypto account was launched to trade crypto anytime and try more than a hundred crypto assets. Also, the list is constantly updated with the new and popular crypto like Shiba Inu, Bitcoin, Ethereum, and more. As per clients’ request, trading indicators, Moving Average and Bollinger Bands, were added to FBS Trader. This year pushed the app to a new level. In addition, FBS enhanced the learning section and educational materials. Now traders of any level can study trading basics or boost existing skills in the FBS website using special video lessons prepared by financial analysts. Also, FBS launched new Forex courses divided by levels to cover all topics in a few lessons. All the materials, which are articles and webinars, are published daily, and traders can get access to them free. The year of socializing FBS became more integrated into social media in 2021. This year Facebook, Twitter, and YouTube channels of FBS Europe were actively spread useful strategies, hot news that made the market volatile, and a variety of contests. The contest’s winners got signed merch by LCFC and more exclusive gifts. Next year promises to bring even more interesting activities and trading secrets to the FBS Europe’s subscribers. The year of awards Considering the fruitful year for FBS, new awards were not long in coming. Of course, the experts noticed these achievements. FBS came to the top once again and was awarded by Global Banking & Finance Review and The European Global Banking & Finance Awards with: Best Trading Platform Asia 2021 Best Forex Broker Thailand 2021 Best Mobile Trading Platform Europe 2021 Best Social Trading Platform Indonesia 2021 Best Mobile Copy Trading Application LATAM Best Trading Broker in South East Asia 2021 So, these awards are points of the broker’s reliability and versatility because FBS met all the professional judging panel criteria. The 2021 year brought a lot of events to the big FBS family, motivating a broker to hit new records!
Negative balance - how much you can actually lose while trading

Negative balance - how much you can actually lose while trading

Finance Press Release Finance Press Release 29.12.2021 10:16
If traders do not properly set stop losses (as some do), their forex trading accounts may wind up with negative balances. Using Stop Loss and Margin Call levels, a forex trader may often avoid a negative balance. Stop losses may be triggered fast during periods of high volatility, resulting in a negative balance. Making a new deposit may help you recover your overdraft.   Negative balance FX protection is a safeguard that brokers use to protect their customers. Negative balance protection is provided when a trader's account balance becomes negative as a result of their trading activity, preventing them from losing more money than they deposited.   On January 15, 2015, the USDCHF plummeted 2780 pips in 30 minutes, putting my account in the red. When the Swiss National Bank removed the euro limit, the franc increased by 30%. Because my broker was unable to alter currency pairings, I used stop losses on all of my transactions. My trading account was losing money.   Foreign currency trading (Forex) is a risky endeavor since the value of various currencies fluctuates drastically owing to a number of factors. Despite the fact that most forex traders only trade with what they have, a negative balance in one's Forex account is not uncommon. On January 15, 2015, the Swiss National Bank (SNB) made an unexpected decision to remove the floor from the EUR/CHF currency pair. When the floor was raised, hundreds of live forex account balances turned negative, much to their amazement.   Many forex accounts had negative balances as a result of the SNB's decision to remove the floor. Changes in the volatility of a certain currency pair may have an impact on some trading systems. As long as there is a significant difference in the values of various currencies, the balance may go below zero. As a consequence, the phrase "negative balance" has become synonymous with currency trading. Despite the use of stop-out levels and margin calls, it is a difficulty that many forex traders face. Negative Balance Protection In Forex Is it possible to lose money while trading currencies? Because traders utilizing leverage may owe more than they have access to in their accounts, the likelihood of a negative balance grows. It's easy to be concerned about a currency account's negative balance from this vantage point.   If you want to avoid your forex trading account from sliding into the red, you must use a stop-loss order. Stop-Loss (SL) and Margin Call (MC) stops may be employed. Furthermore, certain brokerages, such as XM broker, give their clients accounts with negative balance protection. One example is the XM ultra low account, which does not charge traders commission costs. Aside from that, traders are permitted to employ the previously stated stop-loss order, which is often used by investors, to prevent negative balances on their accounts. In certain situations, brokers imposed a Margin Call limit, which meant that floating positions would be terminated at a loss if their expected losses exceeded a predefined limit.   Many forex traders ignore the MC limit for fear of losing their whole account. Even if you have Margin Call activated in your account settings, your account balance might still fall negative or be totally wiped out. Traders tend to ignore Stop Loss orders, despite the fact that they are a crucial risk-reduction instrument.   Traders may be certain that they will not go bankrupt if their forex trading account has a negative balance. If a margin call is made, a trader who is fast losing money may be able to avoid bankruptcy. When you get a margin call, you immediately close all of your open investments that are fast losing value. How To Prevent Negative Balance? A negative balance may be prevented in the first place, and it is possible to avoid it. You will not be asked to pay the negative amount if you have Negative Amount Protection, but your account will be reset to $0. To put it another way, you'll lose all you invested. In other words, why wait for the NBP to kick in when you can halt the loss immediately?   Consider the number of your holdings as well as the number of orders you make when making transactions. Because not all transactions are successful, the more you trade, the more likely you are to lose money. What's the harm in doing so if it allows you to better regulate your transaction and reduce your risk? In this instance, forex brokers' micro accounts, which often contain smaller bets, might be a viable option.   To keep your money in your account, you must create a reasonable stop loss barrier. As a result, the danger of market and price volatility is reduced.   The more leverage you have, the more money you will be able to get. You are, however, put at greater danger as a consequence of it. There are various techniques to reduce your stock market risk.   When the market is volatile, stop losses, margin calls, and stop-outs all fail. This tendency is typically triggered when news or events with a big influence on the market cause fear. Keep an eye on the economic calendar and avoid trading at particular times of the year.   Most forex brokers will announce and change leverage and margin requirements for certain instruments when a major event or news release is near. You should either stay out of the market or adjust your position as a consequence of this warning.
Do you really need to understand economics to trade Forex successfully?

Do you really need to understand economics to trade Forex successfully?

Finance Press Release Finance Press Release 29.12.2021 10:14
The biggest financial market in the world is the forex market. To begin trading Forex, you must have a working grasp of the current state of the global economy. You need to be aware of the significance of this news and happenings in the forex market and how they will affect your transactions. If you want to be at the top of the list, you may invest some time studying what this economic news and activities truly imply in simple words.   Understanding the fundamentals of global economics may aid in your Forex trading success. A wide range of economic variables affects the exchange rates of different currencies all around the globe. The following are some of the factors:   Interest rate changes by a country's central bank Spending by both the government and the general public There is both public and private debt. GDP and CPI are two measures of the economy. a currency's supply of money and demand   The movement of currencies throughout the globe is affected by any change in money flows. Understanding the rules of trading is more important than being an expert in economics. But, having a fundamental comprehension of the economic principles that regulate the movement of money throughout the globe and a high-level understanding of Forex trading as well, would be ideal.   In order to build a strategy that fits your personality it is crucial to be familiar with the market structure, order flow and algorithmic movement. Those people who are new in this industry need to get more information about how to learn forex trading, to avoid losing money and being a victim of financial frauds. For forex traders, there is always a piece of economic data due for publication from at least eight major currencies that may be used to make smart bets. However, It is also worth noting that in reality, the eight most closely watched nations provide statistics on an average of seven days a week (excluding vacations). There are several prospects for people who trade news.   It's more difficult to trade the news than it seems. Both official and unofficial estimates (whispers) and adjustments to earlier reports are critical to determining a consensus figure. According to both the relevance of the nation providing the data and the importance of this release in comparison to other data releases, certain releases are more relevant than others. How To Start Forex Trading - Basic Guide If the value of one currency rises or falls relative to the other, then forex trading is successful.   Even if the price may rise tomorrow, a trader may decide to acquire a currency now and sell it for a profit at a later date. We call this "going long."   Another option is to sell a currency and then purchase it back later at a lower price if they believe its value will fall. Going short is a term for this.   Inflation, interest rates, and political events may all have an impact on the value of a currency. Find a forex broker first to obtain access to the market.   You may establish a forex trading account online after you've chosen a broker and are ready to begin trading.   Before making an investment, it is essential to verify that a broker is regulated by the Financial Conduct Authority (FCA).   The Financial Conduct Authority (FCA) maintains an online database of all regulated brokers traders could trust. So, there is a risk that a broker that isn't listed is a fake company that is willing to defraud you for money. That’s the reason why you should always be vigilant and informed while making a choice.   Depending on whether you are buying or selling, the same currency pair will have somewhat different pricing.   There is a bit of a learning curve, but it's worth remembering that prices are always given in terms of the forex broker's viewpoint, rather than yours.   From the viewpoint of a broker, prospective purchasers must make an offer if you are selling currency. Consequently, When you purchase a currency, you'll have to pay the seller's asking price.   Using leverage, traders are able to borrow money from a broker so that they may trade higher quantities of money.   The broker will cover the remainder of your investment once you make a modest initial deposit known as a margin.   Depending on the broker, the amount of leverage available varies. If the investment is successful, leverage may help you enhance your profit, but it's crucial to keep in mind that trading higher quantities of currency can also raise your chance of loss.   Before employing leverage, make sure you understand all of the dangers and potential losses. This is because, unlike conventional investments, where you can only lose your original investment, leverage leaves you exposed to an almost limitless amount of risk.   As currencies fluctuate in value, it's difficult to maintain track of your transactions 24 hours a day in the forex market.   To minimize the danger of losing money if the market does not move in your favor, there are certain automatic methods that you may set up in your forex account   Stop-loss orders restrict the amount of money a trader loses if a currency's value rises over a specified threshold. An investor may select a minimum or maximum price at which they want to purchase or sell a currency pair. When you use limit orders, you don't have to keep an eye on currency rates and automatically purchase or sell a currency when the price reaches your target.   You need to exchange big amounts of money in order to see a profit on the forex market. However, even while leverage raises the amount of currency you trade, it substantially increases the chance of you losing money, so much so that you stand to lose more than your starting capital. So, before you start trading forex, make sure you do your homework and figure out whether you can afford to lose your money.
PayRetailers joins the American Rugby Super League 2022 as a new Official Sponsor

PayRetailers joins the American Rugby Super League 2022 as a new Official Sponsor

Finance Press Release Finance Press Release 28.12.2021 14:48
PayRetailers, Official Sponsor of the American Rugby Super League 2022 December 20, 2021 PayRetailers, a payment processor for emerging markets in Latin America, announces its partnership with Super League Rugby America (SLAR) as an Official Sponsor for 2022. The expansion and strategy of PayRetailers today allow the announcement that the company joins the portfolio of international companies that support the SLAR and its goal of promoting the further development of South American countries, supporting the sport and financial inclusion in the region. For PayRetailers, this alliance also represents a commitment to each of the countries in South America, guaranteeing speed and security in payments for the end consumers, being fans alike. In addition to continued support of the passion for sports that characterizes Latin Americans, it is also a company that identifies itself with the hobbies and consumption habits of its employees. "The addition of a Fintech (financial and technological company) in full expansion, which seeks to achieve greater financial integration in the region, is something thatfills us with pride," said Guillermo Altmann, Commercial Manager of South America Rugby. SLAR and PayRetailers, as official partners, will collaborate to develop platforms and services that provide benefits and efficiencies for the rugby family, includingticket sales and merchandising. The Superliga Americana de Rugby was founded in 1988 as the South American Rugby Confederation with the objective of promoting the dissemination, development and improvement of amateur rugby in South American countries. About PayRetailers Founded in 2017, PayRetailers is a payment service processor that supports a wide range of payment methods through a single API integration that allows global businesses to market to consumers and increase revenue in Latin America. For merchants looking to expand internationally across certain e-commerce verticals, a clear understanding of consumer behavior and spending in their industry will be the difference between success and failure. By accepting local payment methods, PayRetailers enables anyone to shop online, even if they don't have a credit or debit card. PayRetailers is headquartered in Spain, with regional offices in Malta, Mexico, Argentina, Brazil, Chile, and Colombia. Contact our team to explore new opportunities: Learn more!
How to use the 5/20 trading strategy in Romania?

How to use the 5/20 trading strategy in Romania?

Finance Press Release Finance Press Release 23.12.2021 10:28
The 5/20 trading strategy is one that international investors have used for years, but it's recently started to gain more popularity among locals. It's because of how well suited the rules are for forex trading Romania, especially given today's market conditions. The 5/20 Trading Strategy works on a simple premise - any stock under $5 with an average volume of at least 500,000 shares per day should be bought if the MACD line crosses above the signal line. Then once you're holding them, all you need to do is wait until there's sufficient volume before selling them off. The general idea behind this strategy is that small caps tend to see wild volatility throughout their lifetime, so they may rise or fall in price even without any significant news. But by using the 5/20 trading strategy, you can limit your downside risk and still capture any upside potential that these stocks may offer. And since Romania is home to so many small-cap companies, this strategy can be exceptionally profitable here. There are a few things to keep in mind when using the 5/20 Trading Strategy in Romania. The 5/20 Trading Strategy can be used in Romania with great success. The strategy is simple to understand and easy to execute. To use the 5/20 Trading Strategy in Romania, you will need to follow these steps: 1. Look for stocks that are trading near their 52-week lows. These stocks will likely be undervalued and provide a good opportunity for investors to make a profit. 2. Identify the five strongest stocks in the market. These stocks will have the best chance of increasing in value over time. 3. Invest 20% of your capital in the five strongest stocks in the market. These stocks will provide stability and growth potential for your portfolio. 4. Invest 80%of your capital in the 20 best stocks in the market. These stocks will provide a large amount of growth for your portfolio and should help bring substantial returns on investment. 5. Rebalance portfolios every 3 to 6 months. This step ensures that the 5/20 Trading Strategy is working at peak efficiency and not allowing any of your investments to become too dominant over one another. Some things to keep in mind: Trading on Romanian exchanges can be pretty tricky if you live outside of Romania or do not have a Romanian bank account because the country has stringent money laundering laws to keep financial crime at bay. It's particularly true if you wish to open a new account with a bank which may take several weeks to process. The 5/20 trading strategy can be used to significant effect in Romania. It's a hedging strategy that uses two futures contracts with different expiration dates, usually five and twenty days away from the current date. The goal of the strategy is to lock in a guaranteed profit by buying the nearer-dated contract and selling the further-dated contract simultaneously. If prices move in your favour, you make money on both contracts; if prices move against you, you lose money on the nearer-dated contract but make it back on the more distant one. The 5/20 trading strategy is often used when there is market uncertainty, as it gives traders a way to fix their losses and guarantee a profit on a trade. Bottom line This strategy is excellent for making money and a perfect way to lower your risk of opening new positions in the Romanian markets. However, you should only use this strategy if you have an existing account that can be used without too much difficulty. In addition, you will need to get permission from the Foreign Exchange Committee before opening any new position using this technique.
Holiday Jubilations Take Over GWENT!

Holiday Jubilations Take Over GWENT!

Finance Press Release Finance Press Release 22.12.2021 12:28
CD PROJEKT RED announces that the annual Winter Event has started in GWENT: The Witcher Card Game, with festive rewards and offers up for grabs for all players. GWENT's Winter Event is live right now and will end on January 11th at noon, CET. During this time players will be earning a special in-game resource called Pine Cones, acquired for logging in every day, completing daily quests, as well as winning matches in Standard, Seasonal, and Draft game modes. Once obtained, Pine Cones can then be exchanged for a swathe of themed vanities, including cardbacks, avatars and borders, titles — as well as both a leader and a coin skin! — via a dedicated page in the in-game Reward Book. Watch the Winter Event Trailer Additionally, owners of the Geralt leader skin will be able to take on two special contracts during the event, awarding those who complete them with the equippable Red Hat and Candy Sword trinkets for Geralt. Furthermore, for a limited time players can claim a Geralt-leader-skin-exclusive sword inspired by Netflix's The Witcher series — available for free to all until January 13th, in celebration of the second season's release.The holiday spirit has also spilled into the in-game store, where Shupe the Troll is currently hosting a special sale featuring the Midwinter Bundle and Frozen Bundle, both filled with merry items, as well as the Yule Board. Those who would also like to deck out Geralt with the Winter-Event-only trinkets, but don't yet have him in their collection, can purchase the witcher's legendary neutral leader skin, as it is up for grabs right now in the shop, too. Learn more about the Winter Event GWENT: The Witcher Card Game is available for free on PC via GOG.COM and Steam, Apple M1 Macs running macOS, as well as on Android and iOS. For more information on GWENT, visit playgwent.com. Source: CD Projekt
RETAIL INVESTING ACROSS EUROPE  IS SET TO GET COMPETITIVE IN 2022, SAYS SAVILLS

RETAIL INVESTING ACROSS EUROPE IS SET TO GET COMPETITIVE IN 2022, SAYS SAVILLS

Finance Press Release Finance Press Release 22.12.2021 11:03
22 December 2021 Following years of turmoil in retail, 2022 will bring rental growth and increased investment capital to the sector across Europe, according to Savills. The international real estate advisor said that the retail sector is better prepared for changes in consumer habits, while strong retail repricing - which has moved +80bps on average in Europe in the past four years - means retail assets are one of the most competitive real estate sectors. Savills’ European Investment Outlook 2022 identifies best-performing supermarkets and retail warehouses as the most sought-after investment deals, followed by convenience stores, commuting hubs and high street units in strong footfall areas. The report forecasts that prime retail warehouse yields will compress further by 5-10bps on average during the next 12 months, following a 4bps compression in the average prime retail warehouse yield in the last two quarters (to 5.2%). It added that shopping centre yields may start stabilising during 2022, after a 3bps increase to 5.3%. These retail trends are unfolding as investment into European commercial and residential property is on the rise, reaching €78.9bn in Q3 - the highest level recorded in a third-quarter over the past five years. Meanwhile €201.6bn of investment was transacted during the first three quarters of 2021 - a 13.5% jump on last year and a 7.7% increase on the past 5-year average. Savills estimates that the end-year volume will be around €288bn, a 9% increase year-on-year, and a similar total volume of around €290bn in 2022. “These are some stand out figures given the current circumstances,” said Oliver Fraser-Looen, joint head of Regional Investment Advisory EMEA, Savills. “Strong investment activity will continue until the end of the year.” The UK, Germany and France will remain the preferred investment destinations, but as increasing amounts of cross-border capital is invested in the Nordics, the region’s share in the total European volume could continue to expand. Despite growing deal volumes, investors will remain focussed on quality in 2022, particularly in the office sector, and with greater ESG imperatives ahead, property owners will be forced to renovate stock to achieve greener standards or repurpose buildings to embrace social values. Leila Packett, associate director, Regional Investment Advisory EMEA, Savills, said: “This will eventually provide some opportunities for value-add investors. Yet, we do not expect a significant return of the value-add investors at least until 2023, after a significant repricing in secondary asset classes. Historically, we have seen the interest of value-add investors rising in periods when the prime and secondary office yield gap is above 90bps, and during Q3 2021 it was 88bps.” Savills also said greater portfolio diversification would be a theme for years to come, in terms of assets, locations and strategies. The logistics and living sectors will also remain highly sought-after in 2022 and supply and demand imbalances in both sectors will create rental growth. But interest in the alternative sector will further increase as investors seek higher returns in a very low yield environment, said the firm. “Hospitals, universities, data centres, life sciences and urban farming are slowly growing on investors' radars,” said Lydia Brissy, director, Europe research, Savills. “We expect these sectors to gradually emerge as an asset class in the next five years.” Similarly, prime yields may harden by up to 15bps on average in European logistics, while the living sectors may see a 5-10bps yield compression. Michal Stepien, Associate, Investment, Savills Poland, said: “The resumed investor activity is also evident in Poland, where investors follow global trends and growth patterns, looking for stable returns and growth opportunities in order to protect the capital against inflation, as well as for ESG compliance. Industrial is still in the spotlight with offices right behind. There is also a recovering interest in retail, with a particular focus on convenience, standalone supermarkets and retail warehousing, nevertheless, due to limited supply of relevant investment product, the retail sector accounts for less than 14% of the investment volume. A balanced position of shopping centers and more attractive shopping centre yields are conducive to the return of investment capital to the retail sector, however, rising costs of energy and anti-inflation measures of the Central Bank may slow down consumer demand next year, which may adversely affect the turnover of popular chain stores and extend the ‘wait-and-see’ approach to this asset class.”
Retail parks in Poland is good business

Retail parks in Poland is good business

Finance Press Release Finance Press Release 20.12.2021 14:51
PRESS INFO Warsaw, December 20th, 2021 A record year is ahead for the sector of the smaller commercial facilities The growing trend of local awareness and the evolution of shopping habits increased the popularity of commercial convenience stores. Retail parks and small shopping centers have grown in importance, which in result motivates developers to undertake more intense actions. Each quarter, there are more and more investors who are planning to use this format and build commercial facilities. Apart from the flexibility of space and lower rental rates, the advantage of retail parks is their proximity to customers, a key factor in today’s world. - The popularity of smaller retail facilities is best evidenced by the fact that some brands prepare concepts specifically tailored for retail parks and everyday shopping centers. Chain stores have returned to their expansion plans and are starting the talks about leasing space in new locations. The discount sector, by locating its new outlets in retail parks, strengthens its position. Also, fashion brands, which previously limited their activity only to stores in galleries, started to look for new sales channels and thus have been turning up in smaller facilities. New brands are also entering our market, such as the DIY store Hipper.pl, with plans to locate a chain of it’s stores in retail parks - informs Agata Karolina Lasota, Managing Director at LBC Invest. The first three quarters of this year has already brought a greater increase in space in the retail sector than the entire previous year. During this time, the domestic resources increased by almost 330.000 m2 and according to the estimated data, throughout the 2021 the retail space market will be supplied by around 500.000 m2 of new retail space. – Currently, over 460.000 m2 of retail space is under construction nationwide, including 40 retail parks and convenience centers. In this format, over 200.000 m2 of new space will appear on the market this year, making it a historically record result. And developers are still turning up the heat. Retail parks and small shopping centers already account for over 60 percent of investments projects launched in the last quarter. They are usually built in cities with less than 100.000 residents, where there is a shortage of commercial space and cheaper land. It is a good way for the investors to strategically expand their investment portfolio or diversify their real estate portfolio - says Agata Karolina Lasota. New investment groups, with new brands of everyday shopping facilities started to appear on our market, such as the Polish-German investment group 4FI, which debuted with it’s first center called Mozaika in Krakow. Furniture and construction stores remain active and constantly develop their potential. This year, Agata Meble has commissioned new commercial warehouses in Bydgoszcz, while IKEA commissioned it’s one in Szczecin. Castorama in Zary and Leroy Merlin in Bydgoszcz, as well as Leroy Merlin in Kutno, were opened in buildings previously used by Tesco. A former Tesco facility in Warsaw is also being adapted for Leroy Merlin. The Atut Ruczaj Center in Krakow and Galeria Bawóchanka in Belchatow are expanding and building extensions. Andrychow Gallery was opened in December this year. New parks will be brought out to the market, including Saller Park Lipnik retail and service park, Premium Park Lubrza, Zabkowice Slaskie retail park, Sierpc Retail Park, Tuchola Park, S1 Center in Zlotoryja, Multishop Suwalki, Swinoujscie retail park and Stop Shop Zielona Gora. DS Retail Park is planning to open a retail park in Sosnowiec and Rembelszczyzna, and this year the company wants to commission a retail park in Reda. Fortis Investments is preparing further projects, with a total area of ​​17.000 m2, to be built, i.e., in Opoczno, Ciechocinek, Leczyca and Lowicz. The new retail park from DL Invest Group is being built in Mikolow. - Higher capitalization rates in our country, as compared to the European ones, in some cases reaching 7 %, is a strong impulse to invest in this real estate sector. - Agata Karolina Lasota informs. – Recently in the commercial sector, we have mainly seen transactions involving small real properties. Retail parks and convenience centers are attractive assets for investors. This is also confirmed by the large number of the ongoing negotiations regarding this format of the real properties. We are also talking about projects that are currently only at the stage of preparation for construction - comments the director of LBC Invest. - We have recently concluded contracts for the implementation of comprehensive investment processes, including commercialization of retail parks located in Krakow and two smaller cities in Lesser Poland and Pomerania regions. We are planning to start the implementation of the projects next year, and the design works are currently underway. Investors are both the clients from the African continent and Polish companies with whom we have been working successfully for many years - she adds. The growing demand for convenience real properties has resulted in over a dozen transactions this year, involving smaller shopping centers, mainly located in small towns. LCN, the American fund has acquired a number retail parks, as well as leased Auchan hypermarket chains with a total area of 107.600 m2 and located in Szczecin, Rybnik, Slupsk, Gdansk, Nowy Sacz and Lublin. Other facilities, such as Galeria Malta, Galeria Rumia, and Galeria Pestka, despite requiring a modernization, have also changed their owners.
Governor of NBP Prof. Adam Glapiński answers questions Global Risk Regulator's questions - Physical cash

Governor of NBP Prof. Adam Glapiński answers questions Global Risk Regulator's questions - Physical cash

Finance Press Release Finance Press Release 17.12.2021 10:10
The National Bank of Poland has strongly supported the right for consumers to carry on using physical cash - can you explain why that is and what is happening on the legislative front in this area? The uninterrupted, safe and stable operation of the payment system is the foundation of a well-functioning economy, which is why the central bank actively supports it, both in the area of cash payments as well as cashless transactions. These two areas are of great importance, complementing each other, and at the same time creating the possibility of making payments in the preferred form. Cash is still widely used, both in Poland and in many other countries. Citizens still want to use this form of money, which shows that the elimination of cash would be contrary to social expectations and public interest. At the same time, we are fully aware of the significant role of cashless payments in the modern world and we support their development. This is why we also have a very well-developed cashless payment system in Poland. However, the financial system, and in particular the central bank, cannot discriminate against people who prefer cash payments, and in particular, cannot exclude such people from economic transactions. Therefore, to ensure equilibrium, the central bank must continue to meet the demand for cash, which constitutes legal tender. Moreover, we should not forget the very important role of cash in crisis situations, such assystem failures or cyberattacks. In such situations, cash enables the smooth settlement of payments, prevents market panic, and strengthens citizens’ confidence in the state. Following the outbreak of the pandemic, demand for cash rose significantly in Poland. At the same time, there were numerous cases of refusal to accept cash, both in shops and in public offices for the settlement of public-law liabilities, which should not take place. This is why NBP has prepared the National Cash Security Strategy, which defines the course of action in the field of broadly understood security,  accessibility of cash and its acceptability as legal tender. This document was created on a voluntary basis by all interested parties, starting from central government offices, to cash processing and cash-in-transit firms, independent cash machine operators, banks and Polish Post. In the field of cash acceptance, thanks to the active involvement of the institution that I head, statutory regulations have already been introduced. At my request, President Andrzej Duda proposed an amendment to the Act on Payment Services. Since November 2021 there has been a legal obligation, with few exceptions, to accept payment with the use of banknotes and coins issued by NBP. This will ensure that Poles have a choice regarding the payment method and will prevent financial exclusion of social groups, which is something that cannot be allowed to happen.
Fed Accelerates Tapering, but Gold Shows Resilience

Fed Accelerates Tapering, but Gold Shows Resilience

Finance Press Release Finance Press Release 16.12.2021 15:33
The Fed begins to get up steam and has finally turned its hawkish mode on. Was it something the gold bulls wanted to hear?The Fed’s full capitulation and unconditional surrender of the doves! Yesterday (December 15, 2021), the FOMC issued) the newest statement on monetary policy in which it erased any description of inflation as “transitory.” It took them only half a year to figure it out, but better late than never. Additionally, the Fed practically rejected its new monetary framework called “Flexible Average Inflation Targeting”, which allowed inflation to run hot for some time. In November, we could read:The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With inflation having run persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer‑term inflation expectations remain well anchored at 2 percent. The Committee expects to maintain an accommodative stance of monetary policy until these outcomes are achieved. The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.In the last statement, however, this mammoth paragraph was substantially altered.The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent. With inflation having exceeded 2 percent for some time, the Committee expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment.What is missing is the reference to the Fed’s tolerance of inflation above its target. This means that the US central bank has turned the hawkish mode on. Indeed, in line with expectations, the Fed has accelerated the pace of tapering of its quantitative easing. The Committee announced a doubling of the monthly reduction in the purchased assets from $10 billion for Treasuries and $5 billion for MBS to, respectively, $20 and $10 billion. It means that the Fed will end its asset purchase program by March rather than by mid-year.In light of inflation developments and the further improvement in the labor market, the Committee decided to reduce the monthly pace of its net asset purchases by $20 billion for Treasury securities and $10 billion for agency mortgage-backed securities.Dot-Plot and GoldThese are not all December monetary fireworks we got, though. The statement was accompanied by fresh economic projections conducted by FOMC members. How do they look at the economy right now? As the table below shows, central bankers expect faster economic growth and a lower unemployment rate next year compared to the September projections. This is not something the gold bulls would like to hear.More importantly, however, FOMC participants see inflation as more persistent at the moment because they expect 2.6% PCE inflation at the end of 2022 instead of 2.2%. In other words: inflation is currently believed to reach this level only a year from now! Interestingly (at least for economic nerds like me), Committee members expect that core PCE inflation will be higher than the overall index in 2022, and will amount to 2.7%. It is an indication that the Fed considers inflation more broad-based now than just driven by rising energy prices.Last but definitely not least, more interest rate hikes are coming. According to the latest dot plot, FOMC members see three increases in the federal funds rate next year as appropriate. That’s a huge hawkish turn compared to September, when they perceived only one interest rate hike as desired. Central bankers expect another three hikes in 2023 (the same as in September) and additional two in 2024 (one less than in September). Hence, the whole forecasted path of the interest rates becomes steeper and the Fed is now anticipating eight 25-basis point rate hikes from 2022 to 2024, one more than they saw in September.Implications for GoldGiven the hawkish FOMC statement and economic projections, gold is doomed, right? Well, in theory, a more aggressive Fed’s tightening cycle should boost bond yields and strengthen the greenback, pushing gold prices down. However, what does gold say to the God of Bears? Not today!Indeed, the chart below shows that theory and practice are not the same. Initially, the price of gold declined from around $1,765 to around $1,755, but it quickly rebounded and even increased to $1,780.So, what happened and what does it imply for gold’s future? Well, gold didn’t panic, as hawkish statements and dot-plot were widely anticipated. They were probably a little more hawkish than expected, but, on the other hand, Powell’s press conference was deemed as more dovish than predicted. Since Powell’s earlier transparency and dovish heart rescued gold from falling down, gold bulls may breathe a sigh of relief.However, we believe that this wasn’t the Fed’s last word. Inflation is likely to increase further next year; so, the US central bank, which is terribly behind the curve, could be forced to tighten its monetary policy even more. Thus, although my worries about this FOMC meeting turned out to be unnecessary, they could materialize later.If you enjoyed today’s free gold report, we invite you to check out our premium services. We provide much more detailed fundamental analyses of the gold market in our monthly Gold Market Overview reports and we provide daily Gold & Silver Trading Alerts with clear buy and sell signals. In order to enjoy our gold analyses in their full scope, we invite you to subscribe today. If you’re not ready to subscribe yet though and are not on our gold mailing list yet, we urge you to sign up. It’s free and if you don’t like it, you can easily unsubscribe. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care
The battle for commerce with express deliveries

The battle for commerce with express deliveries

Finance Press Release Finance Press Release 16.12.2021 09:58
Warsaw, 15.12.2021 Several companies on our market are already developing their dark store networks, which allow for the delivery of food products within a dozen or so minutes from the order, and new shopping platforms announce their entry onto the Polish market. Things are getting very competitive in the quick commerce segment Quick commerce, which is a segment of express deliveries of basic food products, beverages, sweets, household chemicals and cosmetics, is a format that is now enjoying popularity, both in our country and around the world. Dark stores, distribution microcenters used only to handle orders placed on-line, already operate in the seven largest cities in our country. Due to the limited selection, covering from 1000 to 2000 products, they can’t compete with large retail chains and standard on-line shops offering a huge range of goods. However, they constitute direct competition to small local stores intended for quick, spontaneous shopping to meet the immediate needs. Even so, competition is difficult here due to the narrow range of products. - The development of this form of retail, which guarantees instant deliveries to the customer, favors the strong trend of convenience, related to the expectation of comfortable and easy access to goods. This trend became even more popular during the lockdown. The formula for deliveries within 10-15 minutes, however, requires the creation of a network of properly profiled distribution facilities scattered throughout the city. Dark stores resemble supermarkets measuring several hundred meters, usually from 200 sq m. up to 400 sq m, which are arranged in such a way that the individuals completing the order can efficiently move between the shelves and collect the products in the shortest possible time. They resemble shops, but act as warehouses for storing goods - explains Piotr Szymonski, Director Office Agency at Walter Herz. Free delivery up to 2:00 am Q-commerce on a larger scale began to develop in Poland only this year. The service is popular with a large group of customers. Dark stores offer goods at prices similar to traditional retail outlets. Orders are delivered 7 days a week, also on non-trading Sundays. Lisek, operating in Warsaw, Cracow, Wroclaw, Gdansk, Poznan and Katowice, ensures delivery up to 10 minutes. Completely free delivery is available at JOKR. At Jush, orders over PLN 35 get delivery free of charge. Recent months have brought not only a rapid development of this format in Poland, but also announcements of new large players entering our market. From week to week, companies operating in this segment are expanding their range of activities, providing their service to further city districts. Meanwhile, the express delivery market is already getting crowded. Dark store chains of the first platforms that appeared in Poland, such as Lisek, Jokr, and GetnowX, are growing. The number of Biedronka's distribution points for the Biedronka Express BIEK service, which from this October is being offered in collaboration with Glovo, is growing at a fast pace. This is the second platform that, just like the Lisek App, also functions outside the capital. Deliveries from dark stores scattered in Warsaw, Lodz, Cracow, Gdansk, Poznan and Wroclaw are made within a 2 km radius in a quarter of an hour. Distribution microcenters work throughout the week from 8am to 11pm, and in Warsaw on Fridays and Saturdays even until 2 am. Zabka Future Group chose the Lite E-Commerce start-up, which aims to create new modern convenience solutions. The company has recently decided to launch dark stores and fast food deliveries via the Jush app. This October, Zabka Jush launched in Warsaw. They also plan expansion into the other cities. New purchasing platforms are getting ready to take off in Poland Although the Swyft platform has temporarily suspended its operations after six months, the companies present on our market will soon gain considerable competition. Such companies as Gorillas and Grovy have announced their debuts in Poland. Gorillas, a German start-up specializing in instant deliveries from its own stores-warehouses, forms a project management team in our country. The company, with value that exceeding USD 1 billion just a few months after its establishment, is expanding in Europe. It operates in 15 cities in Germany, as well as in the Netherlands, Great Britain, France, Italy and Belgium. It also made its debut in New York, which will become a hub for the development of the network in the United States. Grovy is also getting ready to enter the Polish market. The platform has already been offering services in the largest cities in Germany and Romania. Now the start-up plans to enter the Polish, Czech and Hungarian markets. Glovo and Wolt specialize in deliveries from various stores. On our market, Glovo cooperates with Biedronka, and in its native Spain, Italy, Portugal, Romania and Ukraine, it operates on the basis of its own distribution facilities. Wolt, on the other hand, wants to launch its Wolt Market, a network of independent virtual supermarkets, in Poland, as it has in the Czech Republic, Denmark and Hungary. Wolt Market is intended to operate only as a dark store and fulfill online orders placed via the Wolt app. The company has launched their first virtual stores in Finland and Greece. One of the first Wolt Market stores also operates in the center of Warsaw. The market is open from 8 am to 11 pm, 7 days a week, and orders over PLN 150 are delivered free of charge within a 1.5 km radius. Soon, Bolt's dark stores are to open in Warsaw. Bolt is another company to offer delivery of goods purchased online within 15 minutes of placing the order. So far, the premiere Bolt Market has been launched only in Tallinn, the capital of Estonia. Pyszne.pl, belonging to the Dutch group Just Eat Takeaway, is also considering extending its services to delivering groceries. However, they do not plan to create their own network of dark stores, but to cooperate with the other stores. Dark stores not in every location - Creating a network of distribution microcenters is a big challenge. The facilities must meet the appropriate location conditions that allow for the rapid shipping of goods. They have to enable express completion of the order from its submission to delivery to the customer's door. Developers of dark stores are looking for space located next to large residential areas in most districts of Warsaw, also in those more distant from the center and in other large cities. They are located not only in commercial buildings, but also on the ground floors of office buildings. The format's potential is best demonstrated by the interest shown by many companies that plan to implement projects on our market - says Piotr SzymoÅ„ski. - The selection of location for dark stores should be based on an analysis of the range and availability of the location, as well as the demographic and transportation aspect. Prospective regions for distribution networks are also those city areas where the implementation of a large number of residential projects is scheduled in the near future. Of course, the technical aspects of the premises should also be taken into account, such as the load-bearing capacity of the ceiling or the ability to charge electric vehicles, which are often used by couriers - adds Piotr SzymoÅ„ski. Market analysis concludes that the constantly growing popularity of online purchases will mean that by 2026, in just 6 years, the value of online sales in Poland will double. Forecasts indicate that the e-commerce sector is facing a period of regular growth. There is still a lot of space for the development of e-commerce in our country. The segment will increase its market share, not only by disseminating new sales formats, but also by increasing the number of online stores operating in our country. In Poland, there are even several times less of them per 1000 inhabitants, compared to some EU countries. About Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For nine years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners. It provides extensive support for both public and private sector. Walter Herz experts assist clients in finding and leasing space, and give advice when it comes to investment and hotel projects. In addition to its headquarters in Warsaw, the company operates in Cracow and the Tri-City. Walter Herz has created Tenant Academy, first project in the country, supporting and educating commercial real estate tenants across Poland, with on-site courses held in the largest cities in the country. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
SAVILLS: PROPERTY MARKET HAS ADJUSTED TO THE NEW REALITY AND REGAINS MOMENTUM

SAVILLS: PROPERTY MARKET HAS ADJUSTED TO THE NEW REALITY AND REGAINS MOMENTUM

Finance Press Release Finance Press Release 15.12.2021 10:30
SAVILLS: PROPERTY MARKET HAS ADJUSTED TO THE NEW REALITY AND REGAINS MOMENTUM 14 December 2021 Real estate advisory firm Savills presents a preliminary summary of 2021 and predicts trends for the coming months. The commercial real estate market in Poland is regaining momentum but has changed significantly, reveals Savills. Key trends expected to dominate in the year ahead include rental growth, increasing ESG awareness and a focus on innovation. As expected, the vaccine roll-out has had a positive impact on the commercial property market in 2021. With investors remaining active, this year’s investment is likely to hit EUR 5 billion. Savills expects recent investment trends to continue and industrial assets to account for close to half of the total transaction volume by the end of the year. “Although the real estate market has undoubtedly bounced back in 2021, it has remained mired in uncertainty. In addition to concerns about the course of the pandemic, there were also geopolitical and economic risks. This did not however prevent tenants and investors from gradually resuming activity. Key metrics for the past 12 months illustrating investment volumes and office take-up are likely to remain close to last year’s levels amid a positive outlook for the future. A bright exception is the warehouse sector, which - undeterred by the pandemic - is already setting new highs. The commercial real estate market has adjusted to the new reality and is beginning to return to form,” says Tomasz Buras, CEO, Savills Poland. 2021 was the year of searching for an optimal work model on the office market. Many tenants decided to introduce a permanent hybrid scheme combining in-office work and working from home. According to Savills data, Poland’s total office stock topped 12,315,000 sq m. Flexible offices continued to gain traction with flexible office providers shifting their focus to expansion in regional cities. The Build-to-Rent (multifamily) sector is gradually gaining ground on the Polish market. According to Savills, at the end of 2021 there were close to 40 BtR developments in Poland. Projects that are currently under construction will soon double the stock of rental apartments. As high-tech and e-commerce companies continue to enjoy brisk expansion, these sectors are seeing their headcount grow. According to Savills, even though this has not translated directly into more demand for offices yet, there will be a growing requirement for modern housing as the trend of hybrid working intensifies. The online penetration rate (share of total retail sales) has risen from around 5% pre-pandemic to close to 9% in 2021. The development of omnichannel strategies combining online and offline shopping has gathered pace. The growth of e-commerce remains one of the key drivers of demand for logistics space. Retail has also seen the rise of dark stores - small in-town distribution centres helping shorten delivery times. In 2021, this format was launched in Poland, among others, by Å»abka. Such platforms are also operated by Lisek, Jokr and Swyft, while Biedronka has teamed up with Glovo. According to Savills, 2022 is expected to see another spike in construction costs and land prices, as well as an upward pressure on wages amid a risk of rising inflation. This will, first of all, push service charges up. Tenants will also be affected by exchange rate differences as euro-denominated rents remain a market standard. In addition, 2022 is likely to be the first year in many to witness warehouse and office rental rates go up. “There is potential for the investment market to see more buying in 2022. Investor demand for industrial assets will remain strong while the PRS will increase its market share. Several spectacular office projects are likely to change hands. Next year’s investment volume is expected to come close to pre-pandemic levels. Commercial real estate is considered a safe haven in times of high volatility on currency, stock exchange and bond markets, driving investor activity,” adds Tomasz Buras, Savills Poland. Next year is also shaping up to be a time when ESG strategies will begin to gain prominence on the real estate market. The importance of ESG is rising as a result of the European Union’s taxonomy, or the change of regulations on non-financial sustainability reporting and the entry into force of the CSRD, as well as tenants’ preferences. ESG is not only about a concern for the environment, but also for the human being. According to Savills, this will be visible on the warehouse market, where developers wanting to stand out will also begin to focus on the second social pillar of ESG, i.e. the human aspect, in addition to investing in energy efficiency. On the office market there will be marked differences between ESG compliant buildings and those whose owners will fail to take action in this period of change. Today, both older office buildings and properties in non-central locations are faced with refinancing challenges. Prospective buyers are, however, beginning to look for existing buildings with an intention to upgrade or sometimes repurpose them, or even to pull them down. This is true not only for office assets. Warehouse developers have also become keener to engage in brownfield projects in order to secure good locations. A dichotomy or division of properties into buildings that may soon have to be repurposed for lack of other options and those that have been upgraded will become visible for example in Warsaw’s SÅ‚użewiec district. Office buildings in that area meeting high standards will be able to attract cost-sensitive tenants with an opportunity to bring rents down. Such buildings may, therefore, become the big winners of the pandemic, says Savills. In 2022, the Warsaw office market is likely to begin to slowly switch to a landlord’s market. The office development pipeline is currently at its lowest in 10 years. Savills forecasts that as office buildings whose construction began before the pandemic are gradually filling up with tenants, the second half of the year may see the first signs of an undersupply and landlords gaining the upper hand in negotiations. This trend is already apparent in prime office buildings in Warsaw. Another top trend for 2022 according to Savills is innovation comprising the implementation of new technologies in real estate (proptech) and the use of big data in property management. The drive towards more automation is expected in manufacturing facilities, office buildings and autonomous retail stores. Looking ahead, modern data analytics tools will be used for a growing number of tasks in property management and valuation.
GWENT Masters Season 3 Concludes! New GWENT Update Coming Tomorrow!

GWENT Masters Season 3 Concludes! New GWENT Update Coming Tomorrow!

Finance Press Release Finance Press Release 06.12.2021 14:27
CD PROJEKT RED announces that Alexander "TLG_Cyberz" Schmidt has claimed the ultimate victory in the Season 3 GWENT World Masters tournament this past weekend, earning the title of GWENT World Champion in the official Witcher Card Game esports series. The season's grand finale tournament played out over the course of Saturday and Sunday, December 4th-5th. Streamed live on Twitch in its entirety, it saw 8 of the best GWENT players from around the world competing in high-stakes battles for a share of the $71,000 prize pool and the title of GWENT World Champion. Relive GWENT World Masters on the official CD PROJEKT RED Twitch channel. The final tournament prize pool distribution and standings are as follows: WINNERAlexander "TLG_Cyberz" Schmidt (Germany)FINALISTSAlexander "TLG_Cyberz" Schmidt (Germany) — $36,140Ilya "BigKuKuRUzina35" Lyapin (Russia) — $9,230SEMIFINALISTSZhang "lord-triss" Yusheng (China) — $8,305Oleg "Akela114" Nikolaev (Russia) — $7,455QUARTERFINALISTSAleksander "TLG_Pajabol" Owczarek (Poland) — $3,480PaweÅ‚ "kams134" Skoroda (Poland) — $2,840Damian "TailBot" Kaźmierczak (Poland) — $1,775Elias "theshaggynuts" Sagmeister (Austria) — $1,775 During the event, before the final match, CD PROJEKT RED also revealed that a new content update for GWENT is coming Tuesday, December 7th. The update will add 12 new cards (2 per each faction), while also introducing a number of regular balance changes. The video overview for the update is available on Twitch, via the GWENT World Masters tournament recording, as well as on GWENT's official YouTube channel. CD PROJEKT RED would like to thank all participants and everyone who watched live to help make GWENT World Masters such a fantastic event.For a complete overview of GWENT Masters — the official esports series for GWENT: The Witcher Card Game — including the ruleset, format, and tournament dates, visit masters.playgwent.com.GWENT: The Witcher Card Game is available for free on PC via GOG.COM and Steam, Apple M1 Macs running macOS, as well as on Android and iOS. For more information on GWENT, visit playgwent.com.   Source: CD Projekt
Bubble stocks destruction continues with 30% plunge in DocuSign

Bubble stocks destruction continues with 30% plunge in DocuSign

Finance Press Release Finance Press Release 03.12.2021 14:35
Equities 2021-12-03 14:15 7 minutes to readSummary:  As we have written about in several equity notes, the bubble stocks segment has been under enormous pressure this year and in recent weeks the destruction in market value has intensified at a blistering pace. The tailwind from the pandemic that has benefitted many technology companies is easing faster than expected and the worsening inflation outlook is making many growth investors wary of the future direction for interest rates which play an important role in equity valuations of growth stocks. We touch on DocuSign and its Q4 revenue miss last night which caused a 30% plunge in its shares underscoring the fragility in growth stocks with high expectations.The fallout in bubble stocks show importance of balanceIn yesterday’s equity note, we discussed bubble stocks and how this group of stocks have been under pressure since February as the pandemic tailwind on growth has eased and the inflation outlook has worsened causing markets to readjust their interest rate outlook. Low interest rates have been the key driver of excessive valuations in this bubble segment and now as the tide is turning investors are readjusting their exposure. As we move into 2022, we will reiterate our view on equities that we like semiconductors, commodity sector, logistics, cyber security, mega caps, financial trading companies (a play on interest rates and volatility), and battery, which most of them are plays on the physical world making a comeback against the digital world. In a rising inflationary environment our preferred themes can make growth portfolio with exposure to bubble stocks more balanced in terms of risk.Momentum crash and Danish equities under pressureLike our bubble basket, Morgan Stanley has their own most crowded stocks basket which has just dropped more than 10% relative to the S&P 500, the most on record since 2013 underscoring the massive destruction that is currently taking place. While Tracy Alloway from Bloomberg calls it a new “quant crisis”, our view is that it is more a classic momentum crash as momentum strategies sitting on fat gains over the past 18 months are drastically reducing positions. When we reach the bottom is very uncertain but if we are in a momentum crash then it is the illiquidity that drives the explosive price action.Source: TwitterIn our recent string of equity notes on interest rate sensitivity and bubble stocks we also mentioned Danish equities as being interest rate sensitive together with other equity markets such as the Netherlands, Switzerland, United States, and India. But given the recent weeks price action it seems there is an overlap to the bubble stocks selloff suggesting the readjustments in equities are more profound. Source: Saxo GroupDocuSign shares plunging 30% show fragility for growth stocksAnother sign of the stress in the bubble stocks segment of the equity market is the 30% plunge in DocuSign, the leader in electronic signature, following a Q4 (ending 31 January 2022) revenue guidance missing estimates; the revenue guidance was $557-563mn vs est. $574mn. The price reaction shows how fragile these stocks are to a small change in revenue expectations and clearly the risks associated with bubble stocks. We should point out, that DocuSign does not fit all criteria for being added to our bubble stocks basket because the 12-month forward earnings expectations are positive whereas we require those to be negative to be called a bubble stock. The revenue miss has caused sell-side analysts to drastically cut the median price target to $275 from around previously $330 against a close of $164 in extended trading yesterday.Source: BloombergSource: Saxo Group
Don’t Get Yourself Into a Bull Trap With Gold

Don’t Get Yourself Into a Bull Trap With Gold

Finance Press Release Finance Press Release 01.12.2021 15:40
You see a commodity going down, then it reverses and starts teasing you with an upward move… only to end up declining further. Is this the case now?I started yesterday’s analysis with a question that I then replied to, explaining why I thought that it wasn’t necessarily a good idea take profits from one’s short positions at this time, as the corrective upswings could be nothing to write home about, and that it might not be that easy to get back in the short positions at better (higher) prices.Well, yesterday’s session showed exactly what I meant, and the 4-hour chart found below provides the details.The upper part of the chart features the GDX ETF (proxy for gold mining stocks), and the lower part thereof features the GLD ETF (proxy for gold price itself.)First of all, gold stocks were first to break below their rising support line – that happened a couple of days ago. Gold moved decisively below its rising support line only yesterday. This emphasizes that gold stocks are leading gold lower. This, in turn, is a bearish confirmation in itself, as that’s what tends to happen at the beginning of a bigger move lower.The way both markets performed yesterday was also quite interesting.In case of mining stocks, the intraday rally took GDX just slightly above its rising support line and then miners moved back down in a flash. In other words, if anyone had exited their short positions in order to re-enter them at higher prices, they had very little time to do so, and the most realistic version of this scenario is that they ended the session while missing the 1% decline in the GDX. The silver price was down by just 4 cents, but still, it was a move lower despite an intraday rally.In the case of GLD, one might have thought that gold was bound to rally since it stopped at its rising support line (based on the Sep. and Nov. lows). And gold even rallied by about $20 intraday… Only to decline more and end yesterday’s session lower.That was not a reversal. That was a bull trap.And the most bearish thing about yesterday’s decline – and weakness? It happened while the USD Index moved lower during the day. The USDX ended the day 0.33 lower, which “should have” triggered gold’s rally. Instead, gold declined, proving that it really wants to move lower. And suggesting that profits from one’s short positions in mining stocks are likely to become bigger.Don’t get me wrong – I do think that we’ll see a counter-trend upswing, but it’s just not that likely that we’ll see it right now. For quite some time, I’ve been repeating that it’s likely that we’ll see some kind of corrective upswing once gold moves back to its yearly lows, and this remains to be the case.Then, after the rebound, gold is likely to decline once again, perhaps to its final lows (for many years to come).Thank you for reading our free analysis today. Please note that the above is just a small fraction of today’s all-encompassing Gold & Silver Trading Alert. The latter includes multiple premium details such as the targets for gold and mining stocks that could be reached in the next few weeks. If you’d like to read those premium details, we have good news for you. As soon as you sign up for our free gold newsletter, you’ll get a free 7-day no-obligation trial access to our premium Gold & Silver Trading Alerts. It’s really free – sign up today.Przemyslaw Radomski, CFAFounder, Editor-in-chiefSunshine Profits: Effective Investment through Diligence & Care* * * * *All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Warsaw office market with good prospects for the future

Warsaw office market with good prospects for the future

Finance Press Release Finance Press Release 25.11.2021 15:53
More expensive offices in Warsaw, is it possible in a pandemic? - There are over 370 thousand sq m. of office space under construction in Warsaw. They are to be commissioned in the period between 2021 and 2024. This is less than half of the offices built in the recent years, before 2020. The Warsaw market slowed down significantly. Moreover, the level of new office construction is at a record low, while more than twice as much office space is being built on the regional markets. It should not be expected that this will change in the next 2-3 years. Developers have not been announcing the implementation of new projects - says Mateusz Strzelecki, Partner / Head of Regional Markets w Walter Herz. – According to our estimates, in 2021 in total almost 340 thousand sq m. of offices will be completed. In 2022, if the deadlines are met, the office resources in Warsaw have a chance to increase by just over 220 thousand sq m. of space. In the years 2023-2024, the first stage of Studio project by Skanska and The Bridge investment by Ghelamco are to be commissioned. They are among the few investments that investors have decided to build this year – adds Mateusz Strzelecki. Meanwhile, as Mateusz Strzelecki points out, in recent months we have been able to observe the resurgence of tenant activity, which in the third quarter of this year, resulted in a one third higher lease volume than in the same period last year. - This bodes well for the Warsaw market, the future of which looks bright. What is more, there is a noticeable increase in interest in renting by companies from the modern business services sector and those operating in the modern technology segment. The decisions of most companies to lease larger space than previously occupied are also a good prognosis. Only every tenth tenant has decided to reduce space this year - says Mateusz Strzelecki. The expert notes that if the demand continues in an upward trend, and developers continue to withhold further projects in the next two years, we can expect not only a decrease in the level of office vacancies in Warsaw, but also an increase in market rates. – In the upcoming quarters, we may have to deal with an increase in prices of flexible space operators due to their current high occupancy - adds Mateusz Strzelecki. Today, the Warsaw market offers 6.16 million sq m. of modern office space. As a result of its pre-pandemic, rapid growth, modern office buildings are now being completed. This year, over a dozen investments have been commissioned, including Warsaw Unit by Ghelamco (59 thousand sq m.), Skyliner by Karimpol (48,9 thousand sq m.), Generation Park Y by Skanska (47,6 thousand sq m.), Galwan and Plater office buildings in Fabryka Norblina belonging to Capital Park Group (40 thousand sq m.) as well as Widok Towers by Commerz Real and S+B Gruppe (28,6 thousand sq m.). Over 12 per cent of offices are awaiting tenants in Warsaw. The vacancy rate increased by less than 3 percent during this year. Noteworthy, however, is the high level of commercialization of modern facilities that entered the market. According to Walter Herz, three-quarters of space in the office buildings is secured with pre-let contracts, which indicates a high demand for work space of the highest standard. Companies are making decisions more and more boldly, as evidenced by the overwhelming share of new contracts in the total lease volume. In addition, as much as 60 per cent of space contracted in Warsaw in the first three quarters of this year, has been leased in buildings located in the very center of the city, which hosts top-class office buildings. This goes hand in hand with the increase in the social function of offices. Despite the consolidation of new work models, the offices retained the status of the central place of management. After a year and a half of experience with remote work, employers opt for a traditional, stationary model of work. It turned out that working in teams and exchanging knowledge between people is much more effective in direct contact than in a remote system. In addition, the office is irreplaceable when it comes to building relationships and community, as well as a sense of belonging to the team. In order to convince employees to return to their offices, companies must, however, remodel the space so that it provides the greatest possible comfort, friendly atmosphere and diversity, and is more flexible. The analysis shows that Warsaw offices are now about 40-50 per cent full. The next months will bring further changes in the way of using the workspace. Certainly, the is a visible trend to limit permanent workstations, so that one can use the entire office freely and stay in constant contact with other people. It will also become very important to use digital solutions to increase efficiency and support the well-being of employees. The key will be, among others, using appropriate applications and creating special zones dedicated to remote communication, which will guarantee high-quality, stable connection. About Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For nine years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners. It provides extensive support for both public and private sector. Walter Herz experts assist clients in finding and leasing space, and give advice when it comes to investment and hotel projects. In addition to its headquarters in Warsaw, the company operates in Cracow and the Tri-City. Walter Herz has created Tenant Academy, first project in the country, supporting and educating commercial real estate tenants across Poland, with on-site courses held in the largest cities in the country. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
Shiba Inu, Dogecoin, Cardano, and More Crypto in FBS Trader

Shiba Inu, Dogecoin, Cardano, and More Crypto in FBS Trader

Finance Press Release Finance Press Release 24.11.2021 08:39
Shiba Inu, Dogecoin, Cardano, and More Crypto in FBS Trader The international trading broker FBS keeps up with the latest trends and adds new crypto assets to its product. Now Shiba Inu, Dogecoin, Cardano, and ten more crypto assets are available for traders in the FBS Trader app. The crypto market hits new heights Crypto trading has gained popularity all over the world and seems to be even more widespread. Thus, being among the financial market leaders, FBS Trader provides its clients a Crypto account to trade crypto efficiently. By opening this account, traders open the door to unlimited trading any day and any time. Also, for convenience and ease of use, the deposits are converted into USD. A Crypto account gives traders access to more than a hundred crypto assets, from top currencies, like Bitcoin, to the rare crypto to metal pairs. And now, the list of crypto in FBS Trader has become even bigger to unleash the full crypto potential. Hyped-up crypto assets FBS dares to give the best trading opportunities to its clients. That is why the broker is constantly growing the functionality and variety of its products. This time, the most trendy and promising crypto assets were added for trading via FBS Trader: Shiba Inu Cardano Dogecoin Solana Polkadot Chainlink Polygon Uniswap Algorand Filecoin Maker Avalanche VeChain Currently, most of these crypto assets are under the traders’ community discussion. And now everyone can trade these and more instruments safely with a credible FBS Trader app. Reliable and safe choice More than 18 million traders already trust FBS. The broker’s reliability is proven by 12 years of experience and multiple awards. Also, the solid partnership with FC Barcelona and Leicester City is another evidence of FBS services’ security and high-quality products. FBS is always by the side of clients and thinks about novices in crypto trading. Specially for those confused about crypto trading, FBS Trader offers a Demo Crypto account to taste digital currencies with no risk. A Demo Crypto account replicates the real market and all crypto assets, including thirteen new ones. Thus, everyone can use a virtual $10K to practice skills and feel more confident in crypto trading. New crypto assets are already waiting for traders in the app. This time, Shiba Inu, Dogecoin, and other coins were added to the crypto list. Stay tuned for more popular instruments in FBS Trader since this is not over. More about FBS FBS is an international Forex broker that has been on the market since 2009. Millions of clients from over 150 countries choose FBS broker for its strong reputation and constantly developed products. The company provides financial services for currencies, stocks, metals, energies, indices, and crypto trading. FBS is a licensed broker regulated by CySEC, IFSC, and ASIC, winning over 60 international awards and taking care of those in need.
Poland is doing well in the European warehouse race

Poland is doing well in the European warehouse race

Finance Press Release Finance Press Release 19.11.2021 14:06
From quarter to quarter, more and more warehouses are built in our country, resulting in Poland ranking second in Europe in terms of resources under construction. New players are also entering our market Despite the record-high amount of space under construction, new supply on the warehouse market in our country is not keeping up with the ever-growing demand. Lease volume recorded in the first half of this year, was three times larger than the amount of the commissioned space. The largest number of warehouses appeared in Upper Silesia, Warsaw and the Tri-City. The amount of warehouse space under construction is similar to the level of lease recorded in the first 6 months of this year. In the second quarter, the warehouse space under construction increased by a third compared to the previous quarter. According to Walter Herz, most logistics facilities remain in Upper Silesia, in Western Poland and in Poznan. A total of over 1.5 million sq m. of space is under construction in these three regions. The scale of the increase in warehouse resources ranks Poland second in Europe, after Germany. New investors The group of investors active on our market in the warehouse sector is also growing. Recently, Scandinavian fund NREP started its expansion in Poland, finalizing the purchase of logistics portfolio of 130 thousand sq m. of space and planning activities in the segment of warehouses and apartments. LCube company, after starting the investment in Jasionka near Rzeszow, recently launched its second warehouse project near Wroclaw. - Developers are also taking up speculative ventures today, because the demand for warehouses remains at a record high level. Recently, facilities in the area of city logistics have been very popular. Nevertheless, all segments of the warehouse market remain on the path of growth. The largest transactions are concluded by companies from the e-commerce sector, logistics operators are also invariably in high demand - informs BartÅ‚omiej Zagrodnik, Managing Partner/CEO of Walter Herz. - Market observers agree that the demand for warehouses in our country, as in Europe, will continue to grow. First of all, thanks to the forecasted, further increase in online sales and the development of e-commerce, as well as the expected expansion of tenants from the manufacturing industry - adds BartÅ‚omiej Zagrodnik. Emerging warehouse centers Warsaw remains the largest logistics hub in the country, where demand for warehouse space in 2020 reached 1.2 million sq m. and resources exceed 5 million sq m. The second, largest warehouse center in Poland is Upper Silesia, with stock reaching almost 4 million sq m. of space. The next position is occupied by the warehouse hub located in the central part of Poland, where approximately 3.3 million sq m. of space is located. Wroclaw and Poznan also belong to the group of the largest logistics centers. The potential of the largest warehouse markets in our country is constantly growing, but smaller logistics centers are also experiencing intense growth. The Tri-City, Szczecin and the center in Western Poland will join the centers offering over 1 million sq m. of warehouse space after the completion of the current construction projects. New warehouse investments are multiplying all over the country. In Lower Silesia, on the 20 ha plot, Panattoni has started the construction of Panattoni Park GÅ‚ogów investment, which will provide a total of 111 thousand sq m. of space. The first of the two scheduled buildings will provide 78 thousand sq m. of space. The developer is also starting the implementation of another project in this region - Panattoni Park BolesÅ‚awiec, which will bring 50 thousand sq m. of warehouses. In addition, Panattoni has started the next stage of construction of their largest investment in Lower Silesia - WrocÅ‚aw Campus 39 - in Wierzbice near Wroclaw. It will offer a total of 150 thousand sq m. of space. Large facilities near Wroclaw GLP is building WrocÅ‚aw V Logistics Center, the largest warehouse project currently under construction in the Wroclaw agglomeration. 5 buildings of approximately 240 thousand sq m. are to be erected on 50 ha of land. Moreover, the construction of a facility offering 41 thousand sq m. has already started in Magnice near Wroclaw. Hillwood Polska is also building in Lower Silesia. Nearly 90 thousand sq m. of warehouses will be built in Sycow. The first building will bring over 44 thousand sq m. of space. Mountpark Logistics has also started construction. The first phase of the investment will provide 35 thousand sq m. of space, and the entire warehouse and logistics complex Mountpark WrocÅ‚aw will offer 140 thousand sq m. of warehouses. In Gorzow Wielkopolski, MLP Group purchased a 12 ha plot designated for a modern logistics and distribution center MLP Gorzów Wielkopolski with a lease area of 52 thousand sq m. Accolade company has also invested in the expansion of warehouses in this city, acquiring further investment areas. The company is planning on constructing industrial warehouses of almost 100 thousand sq m. At the western border, by the national road No. 24, Hillwood Rokitno logistics center of 112 thousand sq m. is also being built. The company is currently also implementing Hillwood Bydgoszcz investment of a similar size. Also in Swiebodzin, in Lubuskie Province, Amazon has recently opened its tenth logistics center in Poland, providing 193 thousand sq m. Szczecin under development New warehouse facilities are also emerging in Szczecin. Accolade company has acquired two industrial properties there. Modern warehouse spaces with a total of 73 thousand sq m. will be built on the land. The currently implemented stage of the project at Kniewska Street in Szczecin will include 31 thousand sq m. of space. In Goleniow, Panattoni Park Goleniów with a target area of 54 thousand sq m. is under construction. Nearly 20 thousand sq m. has been built so far. Pruszcz Logistics is preparing an investment in Bedzieszyn, which will bring about 50 thousand sq m. Apart from the warehouse hall, the project will include an office building. GLP, in turn, plans to implement the next stage of the Pomeranian Logistics Center in Gdansk. Another 39 thousand sq m. of warehouse and production space is to be built in the vicinity of the DCT Gdansk container terminal. Further investments in Poznan MLP Group is expanding the MLP PoznaÅ„ West project near Poznan. Another 43,000 sq m. of warehouses will be built in the complex in DÄ…brówka. P3 is going to build a building providing 82.5 thousand square meters in P3 PoznaÅ„ park for Westwing, The company offers the possibility of extension with additional 27 thousand sq m. In addition, Panattoni Park PoznaÅ„ East Gate with 45 thousand sq m. will be built on a plot of 10 hectares in SwarzÄ™dz minicipality near Poznan. Good Point, a Real Management brand, is also planning the construction of warehouses and technology parks near Warsaw, on land in the municipalities of Gora Kalwaria and Karczew. In Strykow in the Lodz province, in the vicinity of the junction connecting the A1 and A2 motorways, Mountpark Logistics is preparing a warehouse and logistics center which will provide 245 thousand sq m. New warehouses in Upper Silesia The largest warehouse investment in Upper Silesia is GLP LÄ™dziny Logistics Center, where 111 thousand sq m. is to be delivered. In Gliwice, MDC2 company has purchased a plot of 13.4 ha designated for a warehouse and logistics facility. MDC2 Park Gliwice complex is to consist of three buildings with 52 thousand sq m. of warehouse space. In addition, European Logistics Investment has started the construction of a second warehouse building in Silesia. The implementation of Park Tychy II investment is to bring 43 thousand sq m. of space. In Miedzyrzecze, 7R company will also build a specialized warehouse with about 20 thousand sq m. for the production company Aluprof. Retailers are building facilities Chain brands are also investing in logistics. Jeronimo Martins is already building the seventeenth distribution center for Biedronka in our country. A complex of warehouse and logistics halls with 54 thousand sq m., will be built in Stawiguda near Olsztyn on a 9 hectare plot. ALDI chain, which plans to open 40 stores in Poland, is to have a new distribution center located near Bydgoszcz, with over 43 thousand sq m. Recently, Lublin province also issued a building permit for the largest logistics park in Europe. In Malaszewicze, a modern cargo transshipment hub between Asia and Europe is to be built in the current dry port, which after the expansion will quadruple its capacity. The construction of the logistics park, which will occupy a key place on the New Silk Road route, is planned to start in 2022, and its implementation will take 5 to 6 years. The investment will cost over PLN 3 billion. Half of the funds are to come from the state budget. About Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For nine years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners. It provides extensive support for both public and private sector. Walter Herz experts assist clients in finding and leasing space, and give advice when it comes to investment and hotel projects. In addition to its headquarters in Warsaw, the company operates in Cracow and the Tri-City. Walter Herz has created Tenant Academy, first project in the country, supporting and educating commercial real estate tenants across Poland, with on-site courses held in the largest cities in the country. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
2 Tools Every Trader Needs: FBS Trader app & MetaTrader

2 Tools Every Trader Needs: FBS Trader app & MetaTrader

Finance Press Release Finance Press Release 18.11.2021 10:37
MetaTrader & FBS Trader app are two essential tools that every trader should use. Don’t rely only on one, use the power of both as they suit different trader needs. In short, MetaTrader is for trading on a laptop/PC, while the FBS Trader app is perfect for mobile trading. Let’s look at how you can use them! MetaTrader When you want to use a personal computer or laptop for trading, you can choose MetaTrader 4 or 5. They are the two versions of one software program that traders use for opening orders and making an advanced technical analysis. MetaTrader offers different technical tools and allows using trading robots (expert advisors). Besides, you can use the FBS Forex broker app to manage your MetaTrader accounts and control finances. FBS Trader app If you want to trade with your mobile phone or just don’t have an opportunity to trade with a PC at the moment, the FBS Trader app is the best choice. Indeed, we can’t sit in front of our personal computers and monitor trades all day long. What to do? The solution is to have the FBS Trader app on your mobile phone and be able to open/close a trade in just one click wherever you are. It’s handy that all your active orders are gathered in a separate section. Besides, imagine that some economic news comes out that can impact your opened trades but you are not nearby your PC. It wouldn’t be a problem if you have the FBS Trader app on your phone. In addition, this app has a built-in economic calendar that allows traders to follow impactful news and analyze the charts without leaving the app. For example, the Bank of England left the rates unchanged during its meeting on November 4, while it was expected to raise them. As a result, the British pound weakened, and GBP/USD dropped. As you may notice in the chart below, you can add technical indicators in the FBS Trader app. In that case, Bollinger Bands could help a trader to confirm the bearish momentum as bands were moving in a narrow range and the price broke through the lower band. Finally, the FBS Trader app allows you to manage your funds freely without leaving the app. You can deposit and withdraw them easily in a few clicks. All in all, MetaTrader and the FBS Trader app are the perfect combination for trading. Enjoy using them!
Will You Allow Gold to Break Your Heart?

Will You Allow Gold to Break Your Heart?

Finance Press Release Finance Press Release 15.11.2021 15:46
Infatuated with gold? Many people are, but love affairs with commodities (or stocks) are dangerous. They’ll steal your heart, then dump you.Our critics often forget that we’re focusing on the medium-term outlook in precious metals, not intraday price moves. They’ll say “Look, gold moved up today. You were wrong Radomski.” That’s nice, but where will it be one or two months from now?While gold, silver, and mining stocks’ optimism resurfaced with a vengeance last week, the trio have broken plenty of hearts since peaking in August 2020. Thus, will the current rallies end in marriage or be another mirage?To begin, while the HUI Index/gold ratio invalidated the breakdown below its rising support line, a similar development occurred in 2013 and the downtrend still resumed.On top of that, I marked (with the shaded red boxes below) just how similar the current price action is to 2013. And back then, after a sharp decline was followed by a small corrective upswing before the plunge, the ratio’s current behavior mirrors its historical counterpart. Furthermore, the end of the corrective upswing in 2013 occurred right before the gold price sunk to its previous lows (marked with red vertical dashed lines in the middle of the chart below). Thus, the ratio is already sending ominous warnings about the PMs’ future path.Even more revealing, the ratio is dangerously close to its 200-day moving average. And when a similar development occurred in 2013 – with the ratio rising slightly above its 200-day moving average (marked with the red vertical dashed line below) – a sharp reversal occurred, mining stocks materially underperformed, and the ratio plunged.Please see below:Likewise, while the GDX ETF rallied again last week, I warned previously that a corrective upswing to $35 was a possibility (the senior miners reached this level intraday on Nov. 12). However, with the GDX ETF’s RSI (Relative Strength Index) signaling overbought conditions, the air should come out of the balloon sooner rather than later.Please see below:To explain, the GDX ETF rallied on huge volume on Nov. 11 and there were only 4 cases in the recent past when we saw something like that after a visible short-term rally.In EACH of those 4 cases, GDX was after a sharp daily rally.In EACH of those 4 cases, GDX-based RSI indicator (upper part of the chart above) was trading close to 70.The rallies that immediately preceded these 4 cases:The July 27, 2020 session was immediately preceded by a 29-trading-day rally that took the GDX about 42% higher. It was 7 trading days before the final top (about 24% of time).The November 5, 2020 session was immediately preceded by a 5- trading -day rally that took the GDX about 14%-15% higher (the high-volume day / the top). It was 1 trading day before the final top (20% of time).The January 4, 2021 session was immediately preceded by a 26-trading-day rally that took the GDX about 17%-18% higher (the high-volume day / the top). It was 1 trading day before the final top (about 4% of time).The May 17, 2021 session was immediately preceded by a 52-trading-day rally that took the GDX about 30% higher. It was 7 trading days before the final top (about 13% of time).So, as you can see, these sessions have even more in common than it seemed at first sight. The sessions formed soon before the final tops (4% - 24% of time of the preceding rally before the final top), but the prices didn’t move much higher compared to how much they had already rallied before the high-volume sessions.Consequently, since the history tends to rhyme, we can expect the GDX ETF to move a bit higher here, but not significantly so, and we can expect this extra move higher to take between an additional 0 and 7 trading days (based on the Nov. 12 session, so as of Nov. 15 it’s between 0 and 6 trading days).Why 0 – 6 trading days (as of today – Nov. 15)? Because with the 4% timeline now in the rearview, the latter represents the updated 24% timeline based on the preceding rally (that took 30 trading days).Since it’s unlikely to take the mining stocks much higher, and the reversal could take place as soon as today (also in gold and silver price), I don’t think that making adjustments to the current short positions in the mining stocks is justified from the risk to reward point of view.Is there a meaningful resistance level that would be likely to trigger a decline in mining stocks? Yes! The GDX ETF is just below its 38.2% Fibonacci retracement level based on the August 2020 – September 2021 decline. The resistance is slightly above $35, so that’s when the final top could form.As for the GDXJ ETF, the gold junior miners have already hit their 38.2% Fibonacci retracement level (potential resistance) and the top may be upon us. Moreover, when the GDXJ ETF’s RSI increased above (or near) 70 in mid-2020 and in mid-2021, sharp drawdowns followed.As a result, those historical readings provided us with great shorting opportunities.In conclusion, investors have fallen in love with gold, silver, and mining stocks once again. However, when it comes time for matrimony, the precious metals often leave investors at the altar. As a result, while we remain bullish on gold, silver, and mining stocks’ long-term prospects, timing is important. And while the recent upswings may seem like the beginning of a new bull market, several reliable indicators beg to differ. Thus, caution is warranted, and new lows will likely materialize over the medium term.Thank you for reading our free analysis today. Please note that the above is just a small fraction of today’s all-encompassing Gold & Silver Trading Alert. The latter includes multiple premium details such as the targets for gold and mining stocks that could be reached in the next few weeks. If you’d like to read those premium details, we have good news for you. As soon as you sign up for our free gold newsletter, you’ll get a free 7-day no-obligation trial access to our premium Gold & Silver Trading Alerts. It’s really free – sign up today.Przemyslaw Radomski, CFAFounder, Editor-in-chiefSunshine Profits: Effective Investment through Diligence & Care* * * * *All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
The more environmentally friendly, the more comfortable to work in

The more environmentally friendly, the more comfortable to work in

Finance Press Release Finance Press Release 08.11.2021 13:03
Office buildings that have solutions to limit the negative impact on the environment and reduce operating costs, at the same time provide a friendlier, safer and better organized work space. What do they offer? The change in the way of thinking about the work environment that has taken place since last spring did not ultimately affect the status of offices. On the contrary, after several months of hibernation, offices experience a renaissance. They are still a strong support in building the organizational culture of companies and a base for the development and cooperation of teams, training new employees, and a meeting place with clients. However, the expectations of the users of office buildings have changed. In addition, issues concerning the way buildings affect the natural environment and the people working in them have come to the fore. - Decision-making processes aimed at environmental protection are gaining momentum, which more and more often carry specific declarations of investors and developers, in which they undertake to reduce carbon dioxide emissions by buildings to zero in a specific time perspective - says Bartłomiej Zagrodnik, Managing Partner/CEO of Walter Herz. It became necessary to reevaluate the previously adopted standards and expand the scale of pro-ecological solutions, especially in the context of the climate change, which brings unexpected and dangerous weather phenomena. - The development of the market is focused on the implementation of intelligent, environmentally neutral buildings and the creation of innovative solutions that support the decarbonisation of the existing resources and adapting them to the current requirements in the field of sustainable development - explains Bartłomiej Zagrodnik. - The changes are also stimulated by such factors as rising electricity prices, costs of water consumption, heating and waste disposal. Office buildings are switching to green energy derived only from renewable sources, which not only has positive environmental effects, but also reduces operating costs. Hence, we also see the growing interest of tenants in real estate equipped with environmentally friendly solutions - says Bartłomiej Zagrodnik. Green energy and water saving The most modern buildings not only draw energy from renewable sources, but also use technologies that reduce its consumption by automating space management. There are also more and more common solutions enabling water retention, which is of key importance in the face of the water crisis. Facility owners are serious about the problem of shrinking water resources. They invest in gray water filtering and reuse systems and rainwater management, fittings and showers based on motion sensors to reduce network water consumption, as well as various types of water retention solutions. They create green roofs, terraces and rain gardens. Companies are also more likely to choose buildings that meet certain standards in this area, in order to take advantage of the possibility of reducing costs. In Poland, proper management of water resources is particularly important because in terms of our resources, we are on one of the last places in Europe, ahead of the Czech Republic, Cyprus and Malta. Unfortunately, the level of water consumption in the world is constantly increasing. Over the last century, it has increased sixfold. Crystal clear air, green enclaves and ecological crops There are many more factors that influence the efficiency of the office buildings. There are, among others, ventilation and air circulation systems that control and supply air of better quality than specified in the standards in high-class facilities, specialized filters and humidifiers, as well as carbon free finishing materials and solutions optimizing acoustics. Modern buildings expand the spectrum of solutions to become more work-friendly and environmentally friendly. Here, green also plays one of the main roles. We observe the creation of green enclaves around the buildings, the arrangement of courtyards, squares and recreation areas immersed in greenery, also with green concrete pavements that purify the air. Vegetation is usually selected in terms of low water demand and the possibility of producing a large amount of oxygen and absorbing toxins, and vines in the context of protecting the walls of the building from heating up. The complexes include refuges for birds and insects, as well as city apiaries and gardens for organic farming. Specially designed blocks, facades and roofs of buildings with elements reflecting sunlight are used to reduce the effect of the so-called urban heat islands. The interiors of office buildings are arranged in such a way as to activate users. For example, the central location of the stairs is to encourage the movement of pedestrians between the floors, which reduces the use of elevators. The promotion of infrastructure for cyclists in the office buildings is also conducive to the pro-health activity of employees and reducing the burden on the environment. Technologies that facilitate work organization The well-being of employees, so widely discussed today, is supported by the use of hybrid office management platforms in the most modern buildings, thanks to which the facilities can offer the so-called smart office. Applications available on smartphones improve the daily work organization. With their use, one can, among others, book an office arrival time or a parking space, enter the garage and take a lift to the selected floor avoiding contact with the other office users, book a conference room for a team or client meeting, and even report a printer issue. The key challenge was to provide people in the office environment with the greatest possible comfort and safety. It is to be guaranteed not only by generally available basic disinfectants, masks and gloves, but also by changes in the arrangement of offices. Such arrangement of office spaces, so that they are comfortable for everyone and provide various types of zones adapted to the new work profile. Therefore, companies most often decide to increase the distance between work stations, limit the number of large conference rooms that replace dedicated smaller rooms, boxes and booths for talks, as well as stands for creative team work. There are social zones, chill out rooms to rest, green terraces and winter gardens. The ambition of the office environment is also to create ecological spaces. Using as many recycled or reusable office supplies as possible, such as filter bottles instead of disposable plastic packaging. Undoubtedly, the reduction of the carbon footprint is also facilitated by the popularization of videoconferences, which significantly reduced business trips. Just as the already sanctioned electronic document flow previously contributed to minimizing the use of paper. Good service in the buildings is also increasingly important. The offer of additional services, similar to those provided by hotels, for example concierge service, is gaining in importance. The key condition is also direct access to the gastronomic offer, basic services and shops, preferably on the premises of the building. The changes taking place in the office market are generally aimed at perceiving space as a service. About Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For nine years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners. It provides extensive support for both public and private sector. Walter Herz experts assist clients in finding and leasing space, and give advice when it comes to investment and hotel projects. In addition to its headquarters in Warsaw, the company operates in Cracow and the Tri-City. Walter Herz has created Tenant Academy, first project in the country, supporting and educating commercial real estate tenants across Poland, with on-site courses held in the largest cities in the country. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
A New Journey and Saovine Event Kicks Off in GWENT! - 03.11.2021

A New Journey and Saovine Event Kicks Off in GWENT! - 03.11.2021

Finance Press Release Finance Press Release 03.11.2021 15:59
CD PROJEKT RED today announced that the 7th season of Journey and the Saovine live event are available in GWENT: The Witcher Card Game right now. This newest installment of Journey brings over 80 rewards across more than 100 levels for players to unlock. In addition to battling in GWENT's Standard, Seasonal and Draft modes, weekly quests can be undertaken to provide more opportunities to progress through levels, while new chapters of this latest Journey's story will also be available each week — centering around two higher vampires: Regis, an old friend and companion of Geralt of Rivia, and Dettlaff van der Eretein, known from The Witcher 3: Wild Hunt expansion Blood and Wine. Watch the Journey Season 7 Trailer As with previous seasons, the 7th season of Journey is available in two tiers. The free tier is available to all GWENT players and offers avatars, borders, and reward points to unlock — while Journey's Premium paid tier offers all that and more, with cardbacks, coins, music tracks, and titles to unlock, alongside the Regis neutral leader skin as well as alternative outfits and trinkets for Regis to equip during battles. Journey Season 7 begins today and will run for three months. Learn More About the Latest Season of Journey Also available from today in GWENT is Saovine — an annual Halloween-themed event, where this year players must complete special quests given by the three Crones: Whispess, Brewess, and Weavess. Once a player completes all quests from one of the three Crones, they will unlock a title, avatar, and border — and will then be free to accept quests from the remaining Crones. Players will also receive a special coin for doing the bidding of two of the Crones, and a border trinket for completing every task for all three of them. All brand new 11 Saovine rewards can only be gained during this event by fulfilling the Crones' demands. During Saovine, a number of Halloween-inspired ornaments will also be on sale in the GWENT in-game store, including two brand new items: the Saovine gameboard and the Bat Wings trinket for Shupe's leader skin. Saovine will come to an end at 12:00 noon, November 4th CET. Watch the Saovine Event Trailer GWENT: The Witcher Card Game is available for free on PC via GOG.COM and Steam, Apple M1 Macs running macOS, as well as on Android and iOS. For more information on GWENT, visit playgwent.com.   Source: CD Projekt
Crypto or Forex

Crypto or Forex

Finance Press Release Finance Press Release 03.11.2021 10:00
Cryptocurrency is gaining popularity among both novice and expert investors. It is all over the news, social media, and other forms of media these days. When it comes to XBT/USD, it has witnessed exponential growth. Those who invested in Bitcoin between 2010 and 2013 have amassed millions of dollars worth of fortune. However, what about the traditional market? Is foreign exchange still a viable investment option when compared to cryptocurrencies? Let us begin by defining both of them. The term "cryptocurrency" refers to a decentralized virtual currency that "transacts" on the blockchain. The main attraction of cryptocurrency lies in its ecosystem. Any entity or institution does not supervise it, and the operation is instantaneous and safe, as the entire blockchain must be modified to "forge" transactions. On the other hand, Forex is one of the largest and most liquid financial markets in the world. It is open 5 days a week, runs 24 hours a day, and has a daily transaction volume of approximately US$6.6 trillion. The foreign exchange market includes banks, enterprises, financial institutions, retail investors, and all exchange currency institutions engaged in trading or profit-making.  Foreign exchange trading enables you to profit from the changes in the exchange rates of a wide variety of foreign currency pairings. Typically, foreign exchange is exchanged in pairs—for example, XBT/USD. You speculate on the currency exchange rate of a particular nation rising or falling in relation to the currency exchange rate of another country, and you open a position accordingly. What is the distinction between Forex and Cryptocurrency? The nature of foreign exchange transactions and cryptocurrency transactions are similar, and both belong to currency transactions. Foreign exchange transactions are usually carried out by brokers. You can open an account with direct market access and start investing. For instance, if you believe that Bitcoin will rise in value relative to the US dollar, you may invest in the XBT/USD pair. If the price goes in a favorable direction, you will earn a profit. But if the price moves in a way that is not beneficial to you, you will lose money. However, Forex accounts are strictly regulated. Therefore, it is more convenient for most traders and investors to trade through a broker, but the broker will charge a certain fee. How much the broker charges are determined by various factors, such as the trading pair you choose, the actual institutions involved, current market conditions, etc. Cryptocurrencies are usually purchased on exchanges. The exchange acts as an intermediary and profits from it. Unlike brokers, exchanges, as a single institution for buying and selling, usually have a fixed exchange rate. Since there is no need to negotiate and only need to comply with the terms of the exchange, this simplifies the process for users. Traditional currencies or fiat currencies can be linked to assets or other currencies or even not linked to them, but the government and the central bank govern them. The value of global currencies is determined by the commodities produced and their countries’ performance compared to other global players. On the other hand, cryptocurrencies were not born ten years ago, and they are not linked to a particular country or bank. Although they can be anchored to other assets, the majority are not. They rely on the combination of their utility and speculative beliefs to obtain value.  Which market is better for you? You're probably wondering which one I should pick now that you've grasped the differences between the two. Let us help you decide! Foreign exchange trading has a deeper foundation and apparent supervision. And cryptocurrency is a new and risky market. Therefore, whether you choose foreign exchange trading or cryptocurrency, you must understand that every transaction has its own risks and rewards, as well as its positive and negative sides.
Financial Results of Samsung in Q2 commented

Financial Results of Samsung in Q2 commented

Finance Press Release Finance Press Release 28.10.2021 13:00
Loo Wee Teck, Global Head of Consumer Electronics at Euromonitor International, comments: "High vaccination figures and the gradual re-opening of markets especially in developed countries will improve consumers' sentiment on discretionary purchases. There is also a pent-up demand for high-end models especially amongst the more affluent consumers. While some consumers will still hold off discretionary purchases, those who purchase will be buying pricier and higher end products.   As we enter the second half of 2021, sales will be strong due to the festive holiday season for both its TV and mobile business. Growth for its TV business will be primarily driven by its premium models like Neo QLED and its Lifestyle TVs that offer higher margins. Samsung's flagship Galaxy S series will come under pressure due to the launch of new iPhone models which were priced competitively. Sales will primarily be driven mainly by its affordable models which may drag down Samsung's Q3/Q4 profits and to a smaller extent, its flagship Foldable series as this is still a relatively niche segment. Foldable phones will continue to be Samsung's halo product and a profit haven as there is nearly no competition. For the early adopters who are looking for the latest and greatest with a large screen, they will turn to Samsung's Foldable series. We expect Samsung to market the Galaxy Fold and Galaxy Flip aggressively as we move into the critical holiday season to drive even stronger sales."
Investment land is the hottest commodity on the market

Investment land is the hottest commodity on the market

Finance Press Release Finance Press Release 28.10.2021 10:17
This year’s value of transactions on the investment land market in Poland is already record-breaking The demand for land for commercial investments has never been so high in Poland. Observing the activity of investors, we are looking a boom on the investment land market. The exceptionally large number of transactions recorded in recent months will bring the sector an absolutely record result. According to Walter Herz's estimates, this year’s value of the transaction volume may be almost 60 per cent higher than in the best years of this segment. The vast majority, about two-thirds of land is purchased for residential investments. The biggest battle for plots goes on between the investors who build apartments. Land eligible for residential construction disappears from the market immediately. The purchase process is very fast, shortened as much as possible, so that the land does not go to the competition. - Investors have a large amount of capital, which they invest in land. Land is often purchased for cash. Plots of high value are also popular. More and more contracts are signed for amounts that have not been seen before. Purchases of plots of land at prices exceeding PLN 300 million are being finalized. At the same time, prices are constantly rising. The increase in rates is visible even in the semi-annual statement - says BartÅ‚omiej Zagrodnik, Managing Partner / CEO of Walter Herz. - Investors are actively looking for land, both on the Warsaw market and in the largest regional cities. Never before have regions enjoyed as much interest as they do now. The plots of land purchased are often intended for long-term investments. Investors are eager to buy land in Poland, because compared to Europe, the main markets in our country offer land at much lower prices. Investments in the real estate market, on the other hand, bring higher rates of return in Poland than in other European Union countries - explains BartÅ‚omiej Zagrodnik. A huge scale of transactions in land for housing The size of some investments is impressive. One of the largest transactions recorded on our market was the recent purchase of 62 ha of factory land in Warsaw's Å»eraÅ„ by Okam. Preparing the construction of a multi-stage investment, which is planned in this location, will take several years. Meanwhile, Walter Herz became involved in the process of commercialization of warehouse, production and office space located in the premises of the former car factory at Jagiellonska Street in Warsaw. A few weeks ago, White Stone concluded a land purchase transaction in Warsaw's Bielany district, by the Mlociny metro station, thanks to which it became the owner of 200 thousand sq m. of land for a total cost  of over EUR 23 million. Among transactions of a similar scale, there is also the purchase of a 12 ha plot in Warsaw's Wilanow district for PLN 263 million by Robyg, with a construction potential estimated at 104 thousand sq m. of useable floor space. This year, Vantage Development, a developer from Wroclaw, has acquired a 4.72 ha plot on the border of Gdansk’s Center and Mlode Miasto districts for PLN 222.5 million.  Grupa Geo from Cracow has bought land in the area of Wilda district in Poznan valued at PLN 206.1 million. Expensive acquisitions also apply to companies. The Goldman Sachs Group has just put up for sale real estate developer Robyg, which has one of the largest land banks in Poland, with a sales potential of over 23.3 thousand square meters of premises. Residential developers need land, not only for traditional investments aimed at individual clients, but also for projects implemented within the PRS segment. Nowadays, investment funds are keenly interested in this segment. The value of investments in apartments for rent is growing month by month. This sector, which is only developing in Poland, is now seeing record results. Due to the huge investment activity in the PRS sector, even greater competitiveness accompanying the process of purchasing land in attractive urban locations can be expected in the near future. According to Walter Herz data, the prices of plots intended for residential development in Warsaw, are in the range of PLN 1.5 thousand - PLN 7 thousand for useable floor space. Land for investments in the PRS sector in the largest agglomerations in the country has transaction prices in the range of PLN 1.7 thousand up to PLN 2.9 thousand for GLA. Hotel and office investments in standby mode 2021 is also another year characterized by a decrease in demand for plots intended for hotel facilities located in large cities. Previously planned hotel projects were suspended and some investments were transformed into residential projects. Transactions in the hotel segment are rare, but they do happen. PURO Hotels brand with Norwegian-Polish capital recently bought a property with a building permit in Warsaw's Center district, at Canaletta Street from Strabag Real Estate.  They intend to construct a hotel with over 200 rooms. On the other hand, plots for resort hotels in attractive seaside locations near the beach and within the most popular mountain resorts are still very popular. The pandemic also inhibited investors' activities on the market of land intended for office projects. - The office sector shows a steady interest in land in the best, central locations in the largest urban centers in the country. As in the case of hotels, some of the planned investments are redesigned for residential purposes, and more apartments are being arranged in multi-functional complexes prepared for construction, informs BartÅ‚omiej Zagrodnik. - Investors are now willing to buy well-located, older office buildings, planning to change their function in the long term. Instead of offices, they want to offer high-class apartments for rent in these places. Plots intended for office projects in Warsaw are offered at prices varying from PLN 1.3 thousand up to PLN 3.5 thousand per sq m. Land for logistics is worth its weight in gold The logistics sector is the second beneficiary of the new balance of power on the real estate market, alongside the residential segment. Investors are also make every effort to look for land for warehouse projects. According to Walter Herz analysis, the volume of transactions related to investments in land for warehouses increased by at least a fifth this year. The changes caused by the pandemic accelerated the growth of the e-commerce sector, which was followed by a rapid development of logistics and, consequently, the warehouse sector. Today, investment plots located on the outskirts of large cities attract a lot of attention. The most popular are Warsaw, Wroclaw, Cracow, the Tri-City and Poznan. Warehouse investments focus on the construction of small warehouses on the outskirts of the largest cities and less involvement in the construction of large logistics parks. A significant part of projects is initiated in the segment of city warehouses. For example, in Warsaw, a quarter of space under construction is located within the city limits. Due to the development of last mile logistics, plots of land for warehouses are also sought after in smaller urban centers. The highest rates are in the Warsaw agglomeration, the largest logistics center in the country. In Warsaw, prices are as high as PLN 700-800 /sq m. In Cracow, rents start from PLN 400/sq m. In the Wroclaw agglomeration, where there is a significant increase in interest in investments in the logistics segment, the prices are slightly lower than in Cracow. In Wroclaw, one has to pay about PLN 300/sq m. for the most attractive land for last mile logistics. In the vicinity of Poznan, land for warehouses is twice as cheap compared to Wroclaw. Land intended for warehouse projects in Poland in the so-called BIGBOX format, depending on the location, costs from PLN 80 to PLN 450/sq m. The changes caused by the pandemic also strongly influenced the development of the retail market, limiting investment activity in this sector to retail parks and convenience centers. Investors looking for land for such facilities are now focusing primarily on smaller towns. Retail parks record the largest growth in the history of the market. Most of them are built in smaller cities with under 50 thousand residents.
A New Journey and Saovine Event Kicks Off in GWENT!

A New Journey and Saovine Event Kicks Off in GWENT!

Finance Press Release Finance Press Release 27.10.2021 14:20
CD PROJEKT RED today announced that the 7th season of Journey and the Saovine live event are available in GWENT: The Witcher Card Game right now.   This newest installment of Journey brings over 80 rewards across more than 100 levels for players to unlock. In addition to battling in GWENT's Standard, Seasonal and Draft modes, weekly quests can be undertaken to provide more opportunities to progress through levels, while new chapters of this latest Journey's story will also be available each week — centering around two higher vampires: Regis, an old friend and companion of Geralt of Rivia, and Dettlaff van der Eretein, known from The Witcher 3: Wild Hunt expansion Blood and Wine.   Watch the Journey Season 7 Trailer     As with previous seasons, the 7th season of Journey is available in two tiers. The free tier is available to all GWENT players and offers avatars, borders, and reward points to unlock — while Journey's Premium paid tier offers all that and more, with cardbacks, coins, music tracks, and titles to unlock, alongside the Regis neutral leader skin as well as alternative outfits and trinkets for Regis to equip during battles. Journey Season 7 begins today and will run for three months.   Learn More About the Latest Season of Journey Also available from today in GWENT is Saovine — an annual Halloween-themed event, where this year players must complete special quests given by the three Crones: Whispess, Brewess, and Weavess. Once a player completes all quests from one of the three Crones, they will unlock a title, avatar, and border — and will then be free to accept quests from the remaining Crones. Players will also receive a special coin for doing the bidding of two of the Crones, and a border trinket for completing every task for all three of them. All brand new 11 Saovine rewards can only be gained during this event by fulfilling the Crones' demands. During Saovine, a number of Halloween-inspired ornaments will also be on sale in the GWENT in-game store, including two brand new items: the Saovine gameboard and the Bat Wings trinket for Shupe's leader skin. Saovine will come to an end at 12:00 noon, November 4th CET. Watch the Saovine Event Trailer         GWENT: The Witcher Card Game is available for free on PC via GOG.COM and Steam, Apple M1 Macs running macOS, as well as on Android and iOS. For more information on GWENT, visit playgwent.com.   Source: CD Projekt
The Molasses Flood video games development studio joins CD PROJEKT Group

The Molasses Flood video games development studio joins CD PROJEKT Group

Finance Press Release Finance Press Release 25.10.2021 00:32
CD PROJEKT announces the acquisition of US-based developer, The Molasses Flood. Founded in Boston in 2014 by Bioshock, Halo, and Guitar Hero & Rock Band series veterans, The Molasses Flood is known for survival and base-building games The Flame in the Flood and Drake Hollow.   "We're always on the lookout for teams who make games with heart," says Adam KiciÅ„ski, President and Joint CEO, CD PROJEKT. "The Molasses Flood share our passion for video game development, they're experienced, quality-oriented, and have great technological insight. I'm convinced they will bring a lot of talent and determination to the Group."    "From the inception of The Molasses Flood, it was our goal to create games that touch and inspire people," says Forrest Dowling, Studio Head at The Molasses Flood. "When CD PROJEKT approached us about the possibility of working together, we saw an incredible opportunity to reach a much wider audience through a collaboration with a company we love, creating games in worlds we love. We could not be more excited to continue our mission with the support of CD PROJEKT and their incredibly talented team."   The Molasses Flood will be working in close cooperation with CD PROJEKT RED, but will keep their current identity and will not be merged with existing teams. The studio will be working on its own ambitious project which is based on one of CD PROJEKT's IPs. Details about the project will be announced in the future.   Source: CD Projekt
This Is When Risk-On Returns

Whiff of Risk-Off Next

Finance Press Release Finance Press Release 22.10.2021 09:01
S&P 500 indeed overcame 4,520, but wavered at the same time – tech didn‘t rise. Volatility though remained meek, inching ever closer to 15, and the option traders also look a bit too complacent at the moment. A modest correction of recent sharp gains is the most likely scenario, especially since rising yields didn‘t sink tech even on a daily basis. Inflation expectations though have risen again, and that‘s tailwind for precious metals, which have taken advantage thereof just as much as of the declining dollar. The yesterday discussed dynamic of yields – inflation – inflation expectations and by extension the dollar, is playing out. So, the open S&P 500 long position remains solidly profitable while precious metals posture is improving, and commodities are entering a brief consolidation. Still, the yesterday open oil position is nicely in the black too, let alone crypto ones. Remembering yesterday‘s words: (…) Coming full circle to precious metals, all that‘s needed is one serious Fed policy misstep. Just imagine if they didn‘t deliver on Nov taper, or if the rate raising speculation was promptly snuffed while inflation fires just kept burning (no, this can‘t be blamed on supply chains really). The Fed is though well aware of market expectations that they themselves had been feeding since Jun. Still, they‘ll in my view easily make the Monday discussed intentional „mistake“ of attempting to pretend readiness to deploy tools to fight it (pretend is the key word), and finally spin inflation as something good. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook S&P 500 gapped a little higher again, but has met some selling into the close – consolidation looks to be ahead. Credit Markets Credit markets are still risk-on, but likely to take a breather, and that‘s likely to entail a pause in rising yields. Gold, Silver and Miners Gold and silver are swinging higher, and miners are on the move too – $1,800 awaits again. Should a whiff of risk-off indeed arrive, look for silver to waver more than gold. Crude Oil Crude oil intraday dip was again bought – too much and lasting downside isn‘t yet to be expected really. It‘s likely to remain a primarily sideways move before another upswing. Copper Copper smartly recovered, but perhaps a bit too fast – the prior two days‘ hesitation though means it won‘t likely keep the downside in check as well as oil did. Bitcoin and Ethereum Crypto gains are being consolidated, and the bears are finally stepping in – the lower knot shows that a downswing targeting $62-60K in Bitcoin might very well develop. Summary Stocks are likely to consolidate prior sharp gains before taking on the ATHs. Depending upon the credit markets risk-off breather I anticipate, the S&P 500 might retreat noticeably below 4,520, but this wouldn‘t mean the end of the upswing. The overall momentum remains on the bulls‘ side, including in commodities undergoing a brief (oil and copper) consolidation. Gold was indeed waiting for a dual confirmation of declining dollar and nominal yields, while silver wasn‘t cautious – and it shouldn‘t as the white metal would be leading this unfolding upswing. Finally, cryptos daily hesitation is adding to the mounting risk-off move odds.   Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.   Thank you,   Monica Kingsley Stock Trading Signals Gold Trading Signals Oil Trading Signals Copper Trading Signals Bitcoin Trading Signals www.monicakingsley.co mk@monicakingsley.co   * * * * * All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
Folks, Inflation Ain’t Transitory

Folks, Inflation Ain’t Transitory

Finance Press Release Finance Press Release 13.10.2021 16:30
With inflation getting worse, has the Fed woken up? And with the USD looking bright, gold, silver, and mining stocks continue to feel the pinch.By the way, I most recently discussed the short and medium-term outlook for silver in both charts and a Please check them out.With U.S. nonfarm payrolls coming in weaker than expected on Oct. 8, the Fed’s taper timeline was once again in the spotlight. However, with the U.S. unemployment rate falling to 4.8% (versus 5.1% expected) and the weakness mainly driven by a decline in government payrolls (private payrolls increased by 317,000), the lukewarm print should still meet Chairman Jerome Powell’s taper threshold.To explain, July’s data was revised upward by 38,000 (increased for the second time), while August’s data was revised upward by 131,000. As a result, 169,000 more jobs were added than previously reported.Please see below:Source: U.S. Bureau of Labor Statistics (BLS)What’s more, with inflation surging and the “transitory” narrative suffering a slow and painful death, the Fed is having its ‘come-to-Jesus’ moment. For context, I’ve been warning for months that the central bank remains materially behind the inflation curve.I wrote on Apr. 30:With Powell changing his tune from not seeing any “unwelcome” inflation on Jan. 14 to “we are likely to see upward pressure on prices, but [it] will be temporary” on Apr. 28, can you guess where this story is headed next?To that point, Atlanta Fed President Raphael Bostic said on Oct. 12:“I believe evidence is mounting that price pressures have broadened beyond the handful of items most directly connected to supply chain issues or the reopening of the services sector.... Up to now, indicators do not suggest that long-run inflation expectations are dangerously untethered. But the episodic pressures could grind on long enough to unanchor expectations.”More importantly, though, he admitted:“Transitory is a dirty word…. It is becoming increasingly clear that the feature of this episode that has animated price pressures – mainly the intense and widespread supply chain disruptions – will not be brief. By this definition, then, the forces are not transitory.”And how does this impact his taper timeline?Source: the Financial TimesAlso making the rounds, Fed Vice Chairman Richard Clarida supported the hawkish rhetoric on Oct. 12. Speaking at the Institute of International Finance’s virtual annual meeting, he said that “the risks to inflation are to the upside.” And after conceding that “the big unknown right now is how long it will take for these bottleneck effects to work their way through,” he admitted:Source: ReutersFor context, if the Fed concludes the taper by the “middle of next year,” the timeline is extremely hawkish. To explain why, I wrote on Sep. 23:With ~$120 billion worth of bond purchases poised to hit zero in roughly nine months, the accelerated liquidity drain is extremely bullish for the USD Index.Please see below:To explain, the dark blue line above tracks the pace of the Fed’s taper following its announcement in December 2013, while the orange line above tracks the consensus estimate this time around. However, if you focus your attention on the light blue line, you can see that Powell’s taper timeline pushes QE to zero in advance of both the precedent set in 2014 and the current consensus estimate.On top of that, while the Fed has finally opened its eyes to persistent inflation, the central bank is still operating in the rearview. To explain, while Fed officials seem to agree that tapering is necessary to calm inflation (which we also agree on), at the current rate, the hawkish shift isn’t nearly hawkish enough.For example, while I’ve been sounding the alarm on the cost-push inflationary spiral for months, Brent and WTI prices are now trading north of $80 per barrel and Citigroup said that winter weather could uplift the former to $90 per barrel in the fourth quarter. For context, Citigroup, Goldman Sachs and Bank of America are all forecasting $90+ per barrel Brent this year. And while The White House called on OPEC (for the second time) to “do more” (increase supply to reduce oil prices), the cartel has ignored the pleas. As a result, if oil’s upward momentum persists, the Fed is materially underestimating the inflationary impact.Second, while commodity prices remain the most important driver of inflation, even “transitory” factors have leaped to new highs. For context, I wrote on Apr. 16:The Manheim Used Vehicle Index – compiled from a database of more than five million annual used vehicle transactions – increased by 5.87% month-over-month to a record high 179.2 in March. What’s more, the pace of the surge is unlike anything that we’ve ever witnessed before.And after a brief pause – which even we conceded given that abnormally high used car prices should be “transitory” – Manheim revealed that wholesale used vehicle prices “increased 5.3% month-over-month in September” and “brought the Manheim Used Vehicle Index to [a record high] 204.8.”Please see below:In addition, Oshkosh Corporation – an American manufacturer of specialty trucks, military vehicles, truck bodies, airport fire apparatus and access equipment – reduced its full-year revenue and earnings guidance on Oct. 8. The company cited “significant supply chain and logistics disruptions as well as material and freight cost inflation similar to other companies that are beyond the company’s prior expectations.”CEO John C. Pfeifer added:“We implemented multiple price increases in our non-defense segments over the past six to nine months to combat unprecedented raw material inflation and freight cost escalation. Based on current conditions, we expect that our pricing actions will cover our higher input costs. However, due to our backlogs, we do not believe this price catch-up will occur until the end of the second quarter of Calendar 2022. If cost escalation persists, we will take additional pricing actions.”On the other side of the inflationary coin, the NFIB released its Small Business Optimism Index on Oct. 12. And while the headline index declined from 100.1 in August to 99.1 in September, wage inflation rose to levels unseen since the 1970s.Please see below:Source: NFIBFurthermore, while “the net percent of owners raising average selling prices decreased 3 points to a net 46 percent,” output inflation still remains at a more than 30-year high.Please see below:Source: NFIBFinally, I’ve mentioned on several occasions that the commodity Producer Price Index (PPI) will likely determine when/if the inflationary momentum subsides. For context, its relationship with the headline Consumer Price Index (CPI) remains right on trend (follow the black arrow below):And with the headline CPI the most important fundamental data point released today, I wrote on Sep. 15 that “another headline CPI print of roughly 5.25% to 5.75% should hit the wire when the data is released on Oct. 13.Please see below:To explain, the green line above tracks the YoY percentage change in the commodity PPI, while the red line above tracks the YoY percentage change in the headline CPI. If you analyze the relationship, you can see that the pair have a close connection.The bottom line? While the headline CPI remains pinned in the 5%+ range (expected) for now, the metric is still well above the Fed’s 2% annual target. What’s more, with the S&P Goldman Sachs Commodity Index (S&P GSCI) making new highs alongside Brent and WTI, the future impact on the commodity PPI should be material. And if the Fed doesn’t accelerate the liquidity drain and calm commodities’ fervor, we may see a 6% headline CPI print before we see 4%. Conversely, if companies can’t pass through the higher input inflation, the impact on corporate profit margins could upend the general stock market and leave the Fed handcuffed.As a result, whether the Fed accelerates its taper timeline or margin pressures lead to a stock market correction, both outcomes are profoundly bullish for the U.S. dollar. And with the PMs exhibiting strong negative correlations with the greenback, they could suffer materially as the events unfold.In conclusion, the PMs were mixed on Oct. 12. However, with the EUR/USD hitting a new 2021 low and the USD Index hitting a new 2021 high, the dollar’s medium-term outlook remains quite bright. Moreover, with the Fed upping the hawkish ante and an accelerated liquidity drain poised to chip away at the PMs, new lows should materialize over the next few months.Thank you for reading our free analysis today. Please note that the above is just a small fraction of today’s all-encompassing Gold & Silver Trading Alert. The latter includes multiple premium details such as the targets for gold and mining stocks that could be reached in the next few weeks. If you’d like to read those premium details, we have good news for you. As soon as you sign up for our free gold newsletter, you’ll get a free 7-day no-obligation trial access to our premium Gold & Silver Trading Alerts. It’s really free – sign up today.Przemyslaw Radomski, CFAFounder, Editor-in-chiefSunshine Profits: Effective Investment through Diligence & Care* * * * *All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Stocks Are Going Sideways, Is This a Month-Long Bear Flag Pattern?

Stocks Are Going Sideways, Is This a Month-Long Bear Flag Pattern?

Finance Press Release Finance Press Release 13.10.2021 15:55
The S&P 500 index extended its short-term decline yesterday. Is this a new downtrend or still just a correction following last week’s breakout?Stocks went slightly lower yesterday, as the S&P 500 index lost 0.24%. The broad stock market index got back to the 4,350 level. Investors were taking short-term profits off the table following last Thursday’s rally. It looks like a downward correction so far, as the index remains above the late Sep. - early Oct. consolidation. This morning the main indices are expected to open between -0.1% and +0.2% vs. their yesterday’s closing prices. So we may see a consolidation along the mentioned support level of 4,350 following today’s mixed Consumer Price Index number release.The support level is now at around 4,350 and the next support level is at 4,300-4,320, marked by the recent local lows. On the other hand, the resistance level is at 4,400-4,420. The S&P 500 remains slightly above its month-long downward trend line, as we can see on the daily chart (chart by courtesy of http://stockcharts.com):Dow Jones Remains Relatively WeakerLet’s take a look at the Dow Jones Industrial Average chart. The blue-chip index remains below its month-long downward trend line. So it is relatively weaker than the broad stock market. The nearest important resistance level is at 35,000 and the support level is at 33,800, among others, as we can see on the daily chart:Apple Is Still At the Crucial $142 Price LevelApple stock weighs around 6.1% in the S&P 500 index, so it is important for the whole broad stock market picture. The stock continues to trade along the $142 price level. And on Monday it bounced from the resistance level of $144.Is It Better to Stay Out Of the Market Right Now?Let’s take a look at the hourly chart of the S&P 500 futures contract. The market bounced back from the 4,400 level on Monday and now it is trading within a consolidation along the 4,350 level. The support level is at 4,260-4,300, and the downward trend line is at 4,400. In our opinion no positions are currently justified from the risk/reward point of view. (chart by courtesy of http://tradingview.com):ConclusionThe S&P 500 index slightly extended its short-term downtrend on Tuesday, as investors awaited today’s CPI number release, among other factors. It came back to the 4,350 level after bouncing from the 4,400 level once again on Monday. We may see some more short-term uncertainty and the market will most likely extend its almost a month-long consolidation here.The risk/reward perspective seems less favorable right now and no positions are currently justified.Here’s the breakdown:The S&P 500 broke above its consolidation last week, but for now it looks like an upward correction within an over month-long downtrend.We are still expecting more downward pressure and a correction to 4,200-4,250 level.Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Stock Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Paul Rejczak,Stock Trading StrategistSunshine Profits: Effective Investments through Diligence and Care* * * * *The information above represents analyses and opinions of Paul Rejczak & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Paul Rejczak and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Rejczak is not a Registered Securities Advisor. By reading his reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Gold & the USDX: Correlations

Gold Can’t Rise on Weak Payrolls

Finance Press Release Finance Press Release 12.10.2021 15:56
The US economy added only 194,000 jobs in September, falling short of expectations, but the Fed can still taper soon — and gold knows it.Another disappointment from the economy! The September nonfarm payrolls came surprisingly weak. As the chart below shows, the US labor market added only 194,000 jobs last month, much below the expectations (analysts forecasted about half a million added jobs). The disappointing numbers followed the additions of 1,091,000 in July and 366,000 in August (after an upward revision). The most recent job gains were the weakest since December 2020.However, the overall report was generally more positive than the headline. First of all, the unemployment rate declined from 5.2% to 4.8%, as the chart above shows. It’s a positive surprise, as economists expected a drop to only 5.1%. In absolute terms, the number of unemployed people fell by 710,000 - to 7.7 million. It’s a considerably lower level compared to the recessionary peak, but still significantly higher than before the pandemic (5.7 million and unemployment rate of 3.5%).Second, taking revisions into account, the employment in July and August combined is 169,000 higher than previously reported. It means that the monthly job growth has averaged 561,000 so far this year and about 550,000 over the last three months.Third, the main reason for the very weak nonfarm payrolls was a decline in local and state government education - by 161,000. Most back-to-school-hiring typically occurs in September, but the recruitment last month was lower than usual, which some analysts attribute to early retirement of some teachers, mask-wearing mandates and vaccination requirements. Another issue is that the report is based on data that was collected when the Delta variant of the coronavirus was reaching its peak, and now the situation looks better.Implications for GoldWhat does the recent employment report imply for the Fed’s monetary policy and the gold market? Well, Fed Chair Jerome Powell told reporters during his press conference in September that he would like to see a “reasonably good” or “decent” employment report before deciding that the Fed’s threshold for reducing its asset purchasing program has been met.So, you know, for me, it wouldn’t take a knockout, great, super strong employment report. It would take a reasonably good employment report for me to feel like that test is met. And others on the Committee, many on the Committee feel that the test is already met. Others want to see more progress. And, you know, we’ll work it out as we go. But I would say that, in my own thinking, the test is all but met. So I don’t personally need to see a very strong employment report, but I’d like it see a decent employment report.Now, the question is whether 194,000 job gains are decent enough to taper the quantitative easing. Interpreting words of an oracle is never an easy task. The September payrolls are neither strong nor a catastrophe. However, given the level of expectations and the fact that job gains were weaker than in August (commonly considered a great disappointment) I wouldn’t describe the latest payrolls as “decent”.However, we have to remember that the overall report was much better than the payrolls analyzed in isolation. Given the significant decline in the unemployment rate, the September employment report can be defended as “decent”. So, the Fed can still taper in November, or announce it at least, especially that some members of the FOMC were ready to tighten US monetary policy already in September.It seems that my line of thinking is in line with the market’s interpretation of the Fed’s likely course of action. The price of gold jumped briefly on Friday above $1,780, but it could not break the resistance or hold this position and returned quickly to its recent comfort zone of $1,750-1,760. The rather shy reaction of the yellow metal can be seen on the chart below.Gold’s inability to shine in response to the second weak nonfarm payrolls in a row or to the inflation worries is quite disappointing. Well, Mr. Market decided that the September employment report wouldn’t restrain the Fed from tapering. The focus on the upcoming tightening cycle creates downward pressure on gold prices, which counterweighs worries about the labor market or inflation.However, it might be the case that the price of the yellow metal will bottom somewhere around the actual start of tapering, and, without all that pressure around the tapering announcement, it could be free to move upward again.If you enjoyed today’s free gold report, we invite you to check out our premium services. We provide much more detailed fundamental analyses of the gold market in our monthly Gold Market Overview reports and we provide daily Gold & Silver Trading Alerts with clear buy and sell signals. In order to enjoy our gold analyses in their full scope, we invite you to subscribe today. If you’re not ready to subscribe yet though and are not on our gold mailing list yet, we urge you to sign up. It’s free and if you don’t like it, you can easily unsubscribe. 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Dollar Remains Strong and Rushes Further. Gold in Pain?

Dollar Remains Strong and Rushes Further. Gold in Pain?

Finance Press Release Finance Press Release 12.10.2021 15:55
The old saying goes: in the case of gold and the dollar, the latter’s uprising is the former’s downsizing. Will we see this materializing once again?With the USD Index shrugging off the weak U.S. nonfarm payrolls print on Oct. 8 and demonstrating more and more resiliency as the months progress, the dollar basket has not only verified the breakout above the neckline of its inverse (bullish) head & shoulders pattern, but it’s also finding higher levels of support.To explain, after bursting through its rising resistance line (which is now support), the recent consolidation is perfectly normal within a medium-term uptrend. Moreover, mirroring the behavior that we witnessed in June, the USD Index’s small correction after its RSI (Relative Strength Index) hit 70 was followed by another sharp move higher. As a result, the greenback’s technical foundation remains robust.For context, I wrote on Oct. 4:While a short-term consolidation could ensue following the USD Index’s ferocious rally, a similar development occurred in late June. After a short-term corrective downswing proceeded the USD Index’s sharp rally, the USD Index continued its medium-term ascent soon after. And while gold demonstrated the opposite price action in late June – recording a short-term rally and following that up with a medium-term drop to lower lows – the 2021 theme of ‘USD Index up, PMs down’ should continue to play out over the next few months.To that point, with gold, silver and mining stocks often moving inversely to the U.S. dollar, the greenback’s likely uprising could sink the precious metals over the medium term.Please see below:Equally bullish for the greenback, with the USD Index’s technical strength signaling an ominous ending for the Euro Index, the latter has struggled immensely in recent weeks.And while the Euro Index bounced on Oct. 8 following the weak U.S. nonfarm payrolls print, the European currency closed at another 2021 low on Oct. 7 and has continued its freefall below the neckline of its bearish head & shoulders pattern. As a result, the next stop could be ~1.1500 (the March 2020 highs, then likely lower). For context, the EUR/USD accounts for nearly 58% of the movement of the USD Index, and that’s why the euro’s behavior is so important.Please see below:Adding to our confidence (don’t get me wrong, there are no certainties in any market; it’s just that the bullish narrative for the USDX is even more bullish in my view), the USD Index often sizzles in the summer sun and major USDX rallies often start during the middle of the year. Summertime spikes have been mainstays on the USD Index’s historical record and in 2004, 2005, 2008, 2011, 2014 and 2018 a retest of the lows (or close to them) occurred before the USD Index began its upward flights (which is exactly what’s happened this time around).Furthermore, profound rallies (marked by the red vertical dashed lines below) followed in 2008, 2011 and 2014. With the current situation mirroring the latter, a small consolidation on the long-term chart is exactly what occurred before the USD Index surged in 2014. Likewise, the USD Index recently bottomed near its 50-week moving average; an identical development occurred in 2014. More importantly, though, with bottoms in the precious metals market often occurring when gold trades in unison with the USD Index (after ceasing to respond to the USD’s rallies with declines), we’re still far away from that milestone in terms of both price and duration.Moreover, as the journey unfolds, the bullish signals from 2014 have resurfaced once again. For example, the USD Index’s RSI is hovering near a similar level (marked with red ellipses), and back then, a corrective downswing also occurred at the previous highs. More importantly, though, the short-term weakness was followed by a profound rally in 2014, and many technical and fundamental indicators signal that another reenactment could be forthcoming.Please see below:Just as the USD Index took a breather before its massive rally in 2014, it seems that we saw the same recently. This means that predicting higher gold prices (or the ones of silver) here is likely not a good idea.Continuing the theme, the eye in the sky doesn’t lie. And with the USDX’s long-term breakout clearly visible, the wind still remains at the dollar’s back.Please see below:The bottom line?As the drama unfolds, the ~98 target is likely to be reached over the medium term, and the USDX will likely exceed 100 at some point over the medium or long term. Keep in mind though: we’re not bullish on the greenback because of the U.S.’ absolute outperformance. It’s because the region is fundamentally outperforming the Eurozone, the EUR/USD accounts for nearly 58% of the movement of the USD Index, and the relative performance is what really matters. In conclusion, the USD Index remains ripe for an upward re-rating and the greenback’s ability to shrug off bad fundamental news has cemented its bullish foundation. Moreover, with the EUR/USD holding on by a thread, the currency pair’s pain is the USD Index’s gain. In addition, with the U.S. 10-Year Treasury yield closing the Oct. 8 session at its highest level since Jun. 3 and the Fed poised to announce its taper timeline in the coming months, plenty of reinforcements support a stronger U.S. dollar over the medium term. And since gold, silver and mining stocks have strong negative correlations with the U.S. dollar, the latter’s uprising could lead to the former’s downsizing.Thank you for reading our free analysis today. Please note that the above is just a small fraction of today’s all-encompassing Gold & Silver Trading Alert. The latter includes multiple premium details such as the targets for gold and mining stocks that could be reached in the next few weeks. If you’d like to read those premium details, we have good news for you. As soon as you sign up for our free gold newsletter, you’ll get a free 7-day no-obligation trial access to our premium Gold & Silver Trading Alerts. It’s really free – sign up today.Przemyslaw Radomski, CFAFounder, Editor-in-chiefSunshine Profits: Effective Investment through Diligence & Care* * * * *All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Will the Surge in Spending on Goods Include Gold?

Will the Surge in Spending on Goods Include Gold?

Finance Press Release Finance Press Release 08.10.2021 16:14
Consumers’ expenses on goods soared amid the pandemic crisis. Will gold benefit from this spending spree?“We need lower [consumer demand] growth to give the supply chain time to catch up, or differently spread out growth”, said Morten Engelstoft, chief executive of Maersk-owned APM Terminals, in September. Even though I’m fully aware of the supply-chain crisis, Engelstoft’s remarks struck me. Companies usually complain about soft consumers’ appetite, not about strong demand, and they don’t call for a reduction in expenditures!Something strange is happening here, indeed. So, I decided to dig into this issue a bit deeper, and I was even more struck by the data I found. Please take a look at the chart below, which shows the US real personal consumption expenditures on services (red line) and on goods (green line). As you can see, people’s spending on goods has increased about 15% since February 2020.Let’s repeat it, adding some context: we experienced the deepest recession since the Great Depression, but the personal expenditures on goods are not lower, but higher! And they are substantially higher, as 15% is a giant disturbance to the production system, which is very difficult to be accommodated in such a short time.Why is it so important? Well, it’s a unique development. As the chart above shows, after the global financial crisis in 2007-2009, consumer spending on goods has returned to the pre-crisis level only in 2012. This difference is caused by two things. The first is enormous fiscal stimulus passed in response to the epidemic. As a result, the demand for goods, especially durables, surged, boosting inflation.The second is the fact that the Covid-19 crisis wasn’t a crisis of aggregate demand, but it was a structural crisis, i.e., it was characterized by the substantial shift in the structure of spending. As you can see in the chart above, the personal consumption expenditures on services haven’t yet returned to the pre-pandemic level. In other words, because of the Great Lockdown, people couldn’t leave their money in restaurants, hotels, movie theatres, etc., so they started to buy more stuff. However, the government and central banks acted as if the problem was aggregate demand, so they boosted the money supply and fiscal deficits, contributing to the rising prices of goods.What does it all mean for the gold market? The first implication is that the current expansion is and will be, as I warned shortly after the economic crisis, more inflationary than the recovery from the Great Recession. Inflation is already high, and it may increase even further, or at least stay at the elevated level for a while, given the scale of supply-side challenges.According to Brian Sondey, chief executive of Triton International, the world’s largest container leasing company, “consensus in the industry is we’re unlikely to see a cleaning up of the situation until deep into next year”. This means that inflation could be more lasting than the Fed claims. Gold should benefit from higher inflation and lower real interest rates, but only if Powell and his colleagues don’t become more hawkish in response to persistent price pressure and interest rates don’t rise significantly. Luckily for gold, the FOMC seems to be focused on employment much more than inflation.The second implication is that the current expansion may prove to be unsustainable; the economy could slowly revert to the structure and trends from before the pandemic. In this scenario, the demand for services would rise, but the demand for goods would fall. If the demand for goods declines, companies could reduce their investments. Then, the supply-chain disruptions could become aggravated, while the economy could enter a new recession. What’s important, in this case, a recession could be accompanied by relatively elevated inflation. In such a stagflationary environment, gold might shine.Of course, this is just a scenario, and it might turn out that the structure of demand for goods and services won’t return to the pre-pandemic level and the economy will enter a new, steeper path of growth. In this more optimistic scenario, gold would struggle. The coming months will be crucial for the future of the economy and the precious metals market.One thing is certain, however. We are not yet on a nice, riskless post-pandemic path and important structural shifts are still ahead of us. Last year, the shifts in consumer spending and mammoth monetary and fiscal stimulus perhaps helped to avoid a more serious recession, but at the expense of higher inflation. We can still enter a recession though — at this time, with stronger price pressure. Nonetheless, given all the risks ahead of us, gold should still be of interest to investors.Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care.
Stocks’ Breakout May Be Short-Lived, NFP Release Leaves Question Marks

Stocks’ Breakout May Be Short-Lived, NFP Release Leaves Question Marks

Finance Press Release Finance Press Release 08.10.2021 15:51
Stocks broke above their consolidation yesterday. Is this an upward reversal or just another upward correction? The NFP release leaves question marks.The S&P 500 index gained 0.83% on Thursday following breaking above the recent local highs and the 4,400 price level. The market retraced most of its late September’s decline yesterday as investors awaited today’s monthly jobs data release, among other factors. The Nonfarm Payrolls release has been worse than expected at +194,000. However, the main indices are expected to open 0.1-0.5% higher this morning.The support level is now at 4,365-4,385, marked by yesterday’s daily gap up of 4,365.57-4,383.73. On the other hand, the resistance level is at 4,430-4,450. The S&P 500 broke above its month-long downward trend line, as we can see on the daily chart (chart by courtesy of http://stockcharts.com):S&P 500 Remains Above Medium-Term Support LevelThe S&P 500 index is trading below its almost year-long upward trend line. The nearest important medium-term support level remains at 4,200-4,300, as we can see on the weekly chart:Dow Jones Got Back to Its Downward Trend LineLet’s take a look at the Dow Jones Industrial Average chart. The blue-chip index also broke above its short-term consolidation yesterday. However, it remained below a month-long downward trend line. The nearest important resistance level is at 35,000, as we can see on the daily chart:Apple Is Back Above $142 Price Level AgainApple stock weighs around 6.1% in the S&P 500 index, so it is important for the whole broad stock market picture. The stock broke above $142 price level yesterday but for now it looks like a correction within a downtrend or a consolidation following the September’s decline. The resistance level is now at $144, marked by the previous local highs.ConclusionThe S&P 500 index has been trading within a short-term consolidation since last Thursday. Yesterday the index broke above that consolidation and it got back above the 4,400 level. For now it looks like an upward correction following the late September’s declines.The risk/reward perspective seems less favorable right now and no positions are currently justified.Here’s the breakdown:The S&P 500 broke above its week-long consolidation, but bulls are not out of the woods yet, as the worse-than-expected jobs data release may lead to some more uncertainty.Our speculative short position has been closed last Friday at a much lower level.We are still expecting more downward pressure and a correction to 4,200-4,250 level.Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Stock Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Paul Rejczak,Stock Trading StrategistSunshine Profits: Effective Investments through Diligence and Care* * * * *The information above represents analyses and opinions of Paul Rejczak & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Paul Rejczak and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Rejczak is not a Registered Securities Advisor. By reading his reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Inflation Finally Meets Wall Street’s Ears! Is Gold Next?

Inflation Finally Meets Wall Street’s Ears! Is Gold Next?

Finance Press Release Finance Press Release 07.10.2021 15:50
At last, something is happening! Rising oil and gas prices sparked inflation worries among investors. However, gold hasn’t benefited so far…It took Wall Street a while to find out about inflation above 5%, but it seems that investors have finally noticed that we live now in a world of elevated inflation. I have always known that only the smartest minds work on Wall Street! So, right after they finally learned how to operate a computer and found the BLS website, they got scared and started selling equities. As a consequence, the U.S. stock index futures declined yesterday morning.All right, I was a bit mean to the Wall Street traders. They panicked not because of the CPI rates but because of soaring oil prices. As the chart below shows, the WTI crude oil has recently approached $80 per barrel, while the price of natural gas has more than doubled in recent weeks (left axis). A propos, if you want to know more about oil, gas and the energy sector, as well as keep track of all price moves happening there (and possibly profit from them!), I can recommend a great place to do so - Oil Trading Alerts.The rising oil prices triggered inflation worries, as higher energy prices could translate into higher consumer inflation, and higher consumer inflation could trigger a more hawkish Fed’s action than previously anticipated. In particular, the US central bank could taper its quantitative easing faster than expected, especially if September nonfarm payrolls turn out to be decent. After all, good news is right now bad news for stocks, not to mention gold.I’ve been warning for a long time now that inflation could be more lasting than the pundits claim. And here we are, the high inflation readings couldn’t be downplayed any longer, so the IMF admitted yesterday in its flagship report World Economic Outlook that elevated inflation could last by mid-2022:Headline inflation is projected to peak in the final months of 2021, with inflation expected back to pre-pandemic levels by mid-2022 for both advanced economies and emerging markets country groups, and with risks tilted to the upside.However, the baseline scenario assumes that inflation expectations remain anchored. And although the IMF is right that market-based measures of long-term inflation expectations have stayed relatively anchored so far, the measures based on surveys of consumers have clearly de-anchored recently, as the chart below shows.I don’t know on which planet IMF economists live, but in my world such a graph shows anything but well-anchored inflation expectations. So, I would say that upside risks to the IMF’s baseline scenario are more probable than the authors are willing to admit. In fact, even they acknowledge that risks remain tilted slightly to the upside over the medium term:Sharply rising housing prices and prolonged input supply shortages in both advanced economies and emerging market and developing economies, and continued food price pressures and currency depreciations in the latter group could keep inflation elevated for longer.Implications for GoldWhat does it all imply for the gold market? Well, as usual, I’m obliged to say that, theoretically, higher inflation should be positive for gold, which is considered to be an inflation hedge. However, theoretical links, which we can analyze in isolation, in reality work together with other forces, as economy is a complex system. In our case, gold is not getting much benefit from strengthening inflation worries as bond yields are rising in tandem, supporting the real interest rates. Gold’s disappointing performance in the inflationary environment (see the chart below) is also caused by the prospects of the Fed’s tightening cycle.So, it seems that gold could remain in the downward trend in the near future, especially if the Employment Situation Report, which is scheduled to be released on Friday, doesn’t disappoint. However, the Fed will have to reverse its course at some point –they will not hesitate whether they should fight with the overheating or stimulate the economy during a crisis. And this will allow gold to shine again.If you enjoyed today’s free gold report, we invite you to check out our premium services. We provide much more detailed fundamental analyses of the gold market in our monthly Gold Market Overview reports and we provide daily Gold & Silver Trading Alerts with clear buy and sell signals. In order to enjoy our gold analyses in their full scope, we invite you to subscribe today. If you’re not ready to subscribe yet though and are not on our gold mailing list yet, we urge you to sign up. It’s free and if you don’t like it, you can easily unsubscribe. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care
What Can We Learn from US Crude Inventories?

What Can We Learn from US Crude Inventories?

Finance Press Release Finance Press Release 07.10.2021 15:50
Crude oil inventories turned positive for the second week in a row. Was that the only reason for the recent plunge of black gold?Fundamental AnalysisThe larger-than-expected rise in crude reserves in the US weighed down oil prices on Wednesday. During the week ending on Oct. 1, crude inventories totalled about 2.35 million barrels according to the Energy Information Administration (EIA), while a number of analysts polled by Bloomberg expected no more than one million barrels. The additional increase signals that the production capacities which were impacted by Hurricane Ida in the Gulf of Mexico are gradually getting back to normal on an operational level.Consequently, WTI crude oil futures tumbled more than 2% at the end, even though they are still sustained by the maintenance of the OPEC+ gradual production increase of 400k barrels a day in November!In the meantime, Vladimir Putin's accommodating remarks on Russian gas production pushed natural gas prices down after an initial surge at the start of the market session, making for another choppy day in the market.Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Sebastien BischeriOil & Gas Trading Strategist* * * * *The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Gold Outlook: The Inflation Chasm Between Europe and the US

Gold Outlook: The Inflation Chasm Between Europe and the US

Finance Press Release Finance Press Release 07.10.2021 15:45
With inflation more than two times lower in Europe than in the US, the divergence between the economic zones deepens day by day. How might it impact gold?QE InfinityWhile I’ve warned on several occasions that the Fed and the ECB are worlds apart, the latter now wants to provide more QE once it concludes QE. To explain, with the ECB’s PEPP program set to expire at the end of March 2022, the central bank is increasingly worried about a bond market sell-off. And with sluggish Eurozone growth, exorbitant sovereign debt and a lack of fiscal impulse increasing the ECB’s anxiety, officials are studying “alternatives” to suppress interest rates in the Eurozone’s most debt-ridden countries.Please see below:Source: BloombergFor context, I’ve been warning for months that the ECB would disappoint euro bulls.I wrote on Apr. 27:Recent whispers of the ECB tapering its bond-buying program are extremely premature. With the European economy still drastically underperforming the U.S., it’s actually more likely that the ECB increases the pace of its bond-buying program. Case in point: while the EUR/USD ignores the reality, last week’s PEPP purchases (€22.2 billion) by the ECB were the highest since June 2020. Moreover, since its March meeting, the ECB has increased its average daily PEPP purchases per week from €2.90 billion to €3.60 billion.To that point, with reality in fashion once again, the EUR/USD closed at a new 2021 low on Oct. 6 and sunk to its lowest level since July 2020. For context, the EUR/USD accounts for nearly 58% of the movement of the USD Index, and the performance of the currency pair is material.Please see below:Furthermore, with the Fed closing in on a taper announcement and the ECB searching for new ways to extend QE, the divergence is profoundly bullish for the U.S. dollar. To explain, rising Eurozone inflation (which pales in comparison to the U.S.) underwrote misguided optimism for a hawkish shift. However, ECB President Christine Lagarde reiterated her dovish stance on Oct. 5, saying that “we should not overreact to supply shortages or rising energy prices, as our monetary policy cannot directly affect those phenomena.”The Inflation Divergence Is ProfoundMoreover, while the Eurozone headline Harmonized Index of Consumer Prices (HICP) increased by 3.4% year-over-year (YoY) in September (released on Oct. 1), the U.S. headline HICP surged by 6.77% in its latest print (released on Aug. 18). Even more revealing, if you exclude the inflationary impacts of food and energy prices, the Eurozone core HICP only increased by 1.9% YoY in September.Please see below:Source: EurostatIn stark contrast, the U.S. core Consumer Price Index (CPI) – which also excludes the inflationary impacts of food and energy prices and the latest release is more current than the U.S. HICP – increased by 4% YoY in August (released on Sep. 14).Please see below:In addition, while the Eurozone headline HICP at 3.4% YoY is still higher than the ECB’s 2% annual inflation target, it’s important to keep things in perspective. For example, since Lagarde has been leading the ECB, the Eurozone headline and core HICP have trended 0.8% and 1.7% below her annual targets. What’s more, when indexed from the beginning of 2012, Eurozone headline HICP is still 8% below the ECB’s 2% annual inflation trend.Please see below:Source: Frederik DucrozetTo explain, the red and blue lines above track the index levels of the Eurozone headline and core HICP, while the gray line above tracks the index level assuming the ECB has been meeting its 2% annual inflation target since the beginning of 2012. If you analyze the material gap on the right side of the chart, you can see that the ECB is far from achieving its objectives.Likewise, if we zoom in on the roughly two-year chart, both the Eurozone headline and core HICP are still tracking materially below the ECB’s annual inflation targets.Please see below: Source: Frederik DucrozetCyclical Slowdown Ahead?Furthermore, while the ECB studies “alternatives” to prevent interest rates from spiking in high-debt countries like Greece, Italy and Portugal, Germany – Europe’s largest economy – has suffered a significant economic setback. To explain, Germany is a manufacturing-heavy economy and exports are an important component of German GDP. However, with German factory orders plunging by 7.7% on Oct. 6 – with foreign demand down by 9.5% and domestic demand down by 5.2% – it was the sharpest month-over-month (MoM) decline since April 2020. For context, the consensus estimate was for a 2.1% decline.Please see below:Piecing it all together, with interest rate anxiety merging with a cyclical slowdown in Europe, Danske Bank expects lower-for-longer ECB policy to contribute to a lower-for-longer EUR/USD. The Danish bank’s strategists told clients:“There has been no shortage of calls for EUR/USD to 1.30, of pieces written on a regime shift having happened in fiscal policy, oversubscription to social bonds and much more. However, narratives change…. Stagflation, rapid cyclical slowdown, rising interest rates and a correction in valuations may prove to be a very negative capital shock to the euro area and its asset prices. We target 1.13 in spot EUR/USD in the next year but if stagflation, cyclical slowdown and rising rates become dominant themes, then there seem to be clear downside to such estimate.”Adding to the bearish euro thesis, with U.S. nonfarm payrolls scheduled for release on Oct. 8, a strong print could usher the EUR/USD even lower. For example, ADP’s private payrolls came in at 568,000 vs. 428,000 expected on Oct. 6. And though ADP’s data is an extremely poor predictor of U.S. nonfarm payrolls, Nela Richardson, chief economist at ADP, provided the following context:“The labor market recovery continues to make progress despite a marked slowdown from the 748,000 job pace in the second quarter. Leisure and hospitality remains one of the biggest beneficiaries to the recovery, yet hiring is still heavily impacted by the trajectory of the pandemic, especially for small firms. Current bottlenecks in hiring should fade as the health conditions tied to the COVID-19 variant continue to improve, setting the stage for solid job gains in the coming months.”And expecting those “solid job gains” to materialize sooner rather than later, J.P. Morgan strategists told clients that “we are looking for a 575,000 gain in jobs [on Oct. 8]. The driver for an above-consensus forecast is the expected rebound in the leisure and hospitality sectors.” For context, the consensus estimate is for 500,000 jobs added.The bottom line? While the EUR/USD is finally starting to reflect fundamental reality, more downside should materialize in the coming months. With the Fed accelerating its hawkish rhetoric (and Chairman Jerome Powell’s shift the most noteworthy), the ECB is headed in the opposite direction. And while I’ve been warning for months that the Eurozone’s economic recovery is much more fragile than the U.S.’, the seeds are now sown for a profound divergence in central bank policy.Moreover, while U.S. nonfarm payrolls may or may not accelerate the timeline on Oct. 8, it’s important to remember that the medium-term implications remain intact: the Fed should taper at a much faster pace than the ECB and the liquidity drain should pressure the FED/ECB ratio and the EUR/USD in the coming months. More importantly, though, with the EUR/USD’s pain the USD Index’s gain, the latter’s strong negative correlation with gold, silver and mining stocks should result in further downside for the PMs over the medium term.In conclusion, the PMs were mixed once again on Oct. 6, though silver, was the worst performer of the bunch. Moreover, with the USD Index recapturing 94, and the front-end of the U.S. yield curve rallying as well, a recovering U.S. labor market should add more upward momentum to the PMs’ fundamental villains. As a result, the precious metals’ current consolidations will likely give way to sharp drawdowns in the coming months.Thank you for reading our free analysis today. Please note that the above is just a small fraction of today’s all-encompassing Gold & Silver Trading Alert. The latter includes multiple premium details such as the targets for gold and silver that could be reached in the next few weeks. If you’d like to read those premium details, we have good news for you. As soon as you sign up for our free gold newsletter, you’ll get a free 7-day no-obligation trial access to our premium Gold & Silver Trading Alerts. It’s really free – sign up today.Przemyslaw Radomski, CFAFounder, Editor-in-chiefSunshine Profits: Effective Investment through Diligence & Care* * * * *All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Fed: Singing the Inflation Blues

Fed: Singing the Inflation Blues

Finance Press Release Finance Press Release 06.10.2021 16:49
With inflation surging and Powell praying for a “transitory” miracle, the troubles confronting the Fed are accelerating, not decelerating.“I got the blues, Got those inflation blues”-- B.B. KingTo explain, I wrote on Sep. 24:I’ve warned on several occasions that the only way for the Fed to control inflation is to increase the value of the U.S. dollar and decrease the value of commodities. However, with commodities’ fervor accelerating on Sep. 23 – a day when the USD Index declined – the price action should concern Chairman Jerome Powell. As a result, FOMC participants’ 2022 inflation forecast is likely wishful thinking and they may find that a faster liquidity drain (which is bullish for the U.S. dollar) is their only option to control the pricing pressures.To that point, with energy prices increasingly unhinged and WTI on pace for its seventh-straight week of weekly gains, the S&P Goldman Sachs Commodity Index (S&P GSCI) has been on fire recently. For context, the S&P GSCI contains 24 commodities from all sectors: six energy products, five industrial metals, eight agricultural products, three livestock products and two precious metals. However, energy accounts for roughly 54% of the index’s movement.Please see below:To explain, the green line above tracks the S&P GSCI’s current rally off of the bottom, while the red line above tracks the S&P GSCI’s rally off of the bottom in 2009-2010 (following the global financial crisis). If you analyze the middle of the chart, you can see that the S&P GSCI has completely run away from the 2009-2010 analogue. For context, at this point in 2009-2010, the S&P GSCI had rallied by 77% off of the bottom. However, as of the Oct. 5 close, the S&P GSCI has now rallied by 154% off of the April 2020 bottom.Furthermore, with higher energy and materials prices exacerbating the cost-push inflationary spiral, signs of stress remain abundant. For example, IHS Markit released its U.S. Manufacturing PMI on Oct. 1. And while the headline index declined from 61.1 in August to 60.7 in September, Chris Williamson, Chief Business Economist at IHS Markit, said that “prices charged for those goods leaving the factory gate also surged higher again in September, rising at a rate exceeding anything seen in nearly 15 years of survey history.”Please see below:Source: IHS MarkitSinging a similar tune, the Institute for Supply Management (ISI) released its Services PMI on Oct. 5. For context, the U.S. service sector has suffered the brunt of the Delta variant’s wrath. And though pricing pressures aren’t as feverish as they are in the U.S. manufacturing sector, the report revealed that inflation increased at a “faster” pace and that “all 18 services industries reported an increase in prices paid during the month of September.”In addition, PepsiCo released its third-quarter earnings on Oct. 5. And after beating analysts’ estimates on both the top and bottom lines, the beverage giant raised its full-year guidance. However, while demand remains resilient, 11.6% year-over-year (YoY) consolidated net revenue growth coincided with a 3% decline in diluted earnings per share (EPS).Despite that though, CEO Ramon Laguarta told analysts during the company’s Q3 earnings call that “what we're seeing across the world is much lower elasticity on the pricing that we've seen historically,” and as a result, price hikes are scheduled to commence in the coming months. For context, ‘elasticity’ attempts to quantify the change in demand that results from a change in price. And with CFO Hugh Johnston expecting charge inflation to outpace cost inflation going forward, “lower elasticity” is materially problematic for the Fed.Please see below:Source: PepsiCo/The Motley FoolIf that wasn’t enough, BMO Harris Bank announced on Oct. 5 that it will increase its minimum hourly wage for all branch and call-center employees by a “20 Percent Minimum” to $18 an hour. For context, BMO Harris Bank has more than 500 branches and more than 12,000 employees in the U.S.Please see below:Source: BMO Harris BankMore importantly, though, with Powell’s inflationary conundrum helping swing the double-edged sword that’s been fundamentally slashing the PMs, the USD Index rallied by 0.20% on Oct. 5 and U.S. Treasury yields strengthened across the board.Please see below:Source: Investing.comAs it relates to the dollar story, the USD Index’s fundamental strength is underwritten by the ‘dollar smile.’ To explain, when the U.S. economy is trudging along, the U.S. dollar tends to underperform. However, when the U.S. economy craters and a safe-haven bid emerges, the U.S. dollar often outperforms. Conversely (and similarly), when the U.S. economy is booming and higher interest rates materialize, the U.S. dollar also outperforms.By the way, I’ve discussed the situation in the USD Index at length in today’s video.For context, I indicated on Sep. 22:The USD Index and U.S. Treasury yields can move in the same direction or forge different paths. However, while a stock market crash is likely the most bearish fundamental outcome that could confront the PMs, scenario #2 is next in line. When U.S. economic strength provides a fundamental thesis for both the USD Index and U.S. Treasury yields to rise (along with real interest rates), the double-edged sword often leaves the PMs with deep lacerations.To that point, with a mix of both playing out in the present, Sebastien Galy, senior macro strategist at Nordea, signalled clients that the dollar smile remains alive and well:“The dollar should continue to be supported by expectations of an eventual series of Fed rate hikes and the value of the dollar as a safe haven against a potential equity correction…. The downward trend in EUR/USD is likely to return in the coming weeks and months, suggesting EUR/USD around the 1.10 handle and potentially below that before moving higher.”As for the yield story, Lindsey Piegza, chief economist at Stifel Financial, told clients that “markets appear increasingly jittery as the realization of a higher sustained level of inflation eventually resulting in a higher level of rates appears to be finally sinking in.... Against the backdrop of elevated inflation and rapidly rising energy costs, many market participants are skeptical the FOMC will be able to maintain these low rates for another year, let alone two.”The bottom line? With inflation running away from the Fed, suppressing commodity prices (by strengthening the U.S. dollar and/or raising interest rates) is the only way to calm the inflationary pressures. If not, surging commodity prices will likely further suppress consumer confidence, upend corporate profit margins, culminate with demand destruction and the stock market should suffer mightily (which is also bullish for the U.S. dollar). As a result, with Powell creating an even larger inflationary wildfire the longer he waits, the PMs could confront immense volatility over the medium term.In conclusion, the PMs were mixed on Oct. 5, though trouble looms large in the months ahead. With the USD Index and U.S. Treasury yields ripe for upward re-ratings, the Fed’s “transitory” narrative hasn’t aged well. And with the PMs’ main villains doing a lot of their fundamental damage since Powell turned hawkish, more upside catalysts should emerge over the medium term. As a result, the PMs’ outlook remains profoundly bearish over the next few months.Thank you for reading our free analysis today. Please note that the above is just a small fraction of today’s all-encompassing Gold & Silver Trading Alert. The latter includes multiple premium details such as the targets for gold and silver that could be reached in the next few weeks. If you’d like to read those premium details, we have good news for you. As soon as you sign up for our free gold newsletter, you’ll get a free 7-day no-obligation trial access to our premium Gold & Silver Trading Alerts. It’s really free – sign up today.Przemyslaw Radomski, CFAFounder, Editor-in-chiefSunshine Profits: Effective Investment through Diligence & Care* * * * *All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Stocks Extend Their Consolidation Ahead of Friday’s NFP Data

Stocks Extend Their Consolidation Ahead of Friday’s NFP Data

Finance Press Release Finance Press Release 06.10.2021 15:55
Stocks extended their consolidation yesterday as the index gained over 1%. But today it is expected to open lower again. Is this a bottoming pattern?The S&P 500 index gained 1.05% on Tuesday, as it bounced from the 4,300 level again. For now, it looks like a consolidation following a month-long decline. The market will be waiting for Friday’s Nonfarm Payrolls number release and the coming quarterly corporate earnings season. Today’s ADP Non-Farm Employment Change release has been better than expected at +568,000, but it only brought more uncertainty ahead of the Friday’s data. And we will likely see some further short-term fluctuations. The main indices are expected to open around 0.8% lower this morning.The support level remains at 4,290-4,300. On the other hand, the resistance level is at 4,375-4,400, marked by the recent local highs. The S&P 500 continues to trade below its month-long downward trend line, as we can see on the daily chart (chart by courtesy of http://stockcharts.com):Dow Jones Is Also Going SidewaysLet’s take a look at the Dow Jones Industrial Average chart. In early September the blue-chip index broke below a two-month-long rising wedge downward reversal pattern. Last week it got back closer to the mid-September local low. However, unlike the broad stock market’s gauge, it managed to stay above that support level. The nearest important resistance level remains at around 34,500, as we can see on the daily chart:Apple Broke Below Its Support LevelApple stock weighs around 6.1% in the S&P 500 index, so it is important for the whole broad stock market picture. Since early September it has been declining from the record high. Recently the stock broke below the support level of around $142, marked by the previous local lows. The $142 price level is acting as a resistance level right now.ConclusionThe S&P 500 index has been trading within a short-term consolidation since last Thursday. On Monday the broad stock market retraced its Friday’s advance and the S&P 500 index fell to the 4,300 level again but yesterday it came back higher. There have been no confirmed positive signals so far. However, the risk/reward perspective seems less favorable right now and no positions are currently justified.Here’s the breakdown:The S&P 500 trades within a short-term consolidation that looks like a flat correction within a month-long downtrend.Our speculative short position has been closed right before the opening of Friday’s cash market’s trading session.However, we are still expecting more downward pressure and a correction to 4,200-4,250 level.Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Stock Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Paul Rejczak,Stock Trading StrategistSunshine Profits: Effective Investments through Diligence and Care* * * * *The information above represents analyses and opinions of Paul Rejczak & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Paul Rejczak and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Rejczak is not a Registered Securities Advisor. By reading his reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Will Q4 2021 Be Better for Gold?

Will Q4 2021 Be Better for Gold?

Finance Press Release Finance Press Release 05.10.2021 16:57
The third quarter of 2021 was bad for gold, with a particularly awful September. Could the remainder of the year be any better for the yellow metal?September is believed to be, from the historical point of view, one of the best months for gold. Well, September 2021 definitely wasn’t very good for the yellow metal. As the chart below shows, the price of gold declined almost 4% in that month (from $1,814.85 at the end of August to $1,742.80 at the end of September).Actually, the whole third quarter was rather disappointing for the yellow metal, which lost 1.15% over the last three months. However, it was still much better than the disastrous first quarter of the year in which gold plunged more than 10%. So far, the yellow metal is 7.67% down year-to-date.But why did gold perform so poorly last month despite elevated inflation and all the risks present to the US economy? Long story short, rising bond yields and the stronger greenback were the main headwinds for gold in September and, more generally, in the whole Q3 2021, as one can see in the chart below.In the first half of the year, the US dollar performed rather poorly, but a more hawkish Fed helped to revive the greenback and push interest rates higher. In such an environment, any safe-haven bets – amid the uncertainty about the debt ceiling, debt problems in China, etc. – were channeled into the US dollar alone. In other words, because of the expectations of the Fed’s tapering, the recent risk-off sentiment has benefited only the greenback, not gold. So, gold’s appeal as a safe-haven asset has diminished recently. The same applies, actually, to gold’s status as an inflation hedge.To be clear, the whole issue is more nuanced. I believe that gold still has anti-inflationary features, especially when inflation is very high and accelerating. I also think that gold will retain its purchasing power over the long run. It might simply be the case that rising interest rates counterweighed the reasons for investing in gold during inflation, especially given that it seems that the Fed convinced the markets that inflation would only be temporary.However, if inflation turns out to be more persistent, the Fed could find itself behind the curve, while the real interest rates could stay at very low levels. In such a scenario, the demand for gold as a hedge against inflation could rise again. As a reminder, there are many arguments for high inflation staying with us for longer. Even Powell admitted last week that inflationary pressure would run into next year:It’s also frustrating to see the bottlenecks and supply chain problems not getting better — in fact at the margins apparently getting a little bit worse (…) We see that continuing into next year probably, and holding up inflation longer than we had thought.Implications for GoldWhat does it all imply for the gold market? Well, the recent jump in gold prices is quite welcoming. However, it doesn’t change gold’s bearish outlook for the fourth quarter of 2021. Gold has been unable to surpass $1,800, and it looks like it wants to keep falling. In particular, any new hawkish comments from the Fed could push gold prices down even further.Having said that, I’m more optimistic about gold in 2022. One reason is that, over time, the narrative about transitory inflation will look less and less convincing. Meanwhile, the odds of some inflationary crisis, or stagflation, should be higher and higher.Second, the Fed’s tightening cycle seems to already be priced in to a large extent. So, the actual moves could start supporting gold at some point, in line with the logic of “sell the rumor, buy the fact”, especially if the moves are accompanied by dovish rhetoric, as it was partially the case during the last tightening cycle of 2015-2019.If you enjoyed today’s free gold report, we invite you to check out our premium services. We provide much more detailed fundamental analyses of the gold market in our monthly Gold Market Overview reports and we provide daily Gold & Silver Trading Alerts with clear buy and sell signals. In order to enjoy our gold analyses in their full scope, we invite you to subscribe today. If you’re not ready to subscribe yet though and are not on our gold mailing list yet, we urge you to sign up. It’s free and if you don’t like it, you can easily unsubscribe. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care
Gold & the USDX: Correlations

OPEC+ Sticks to Its Tight Supply Plan, So What Now?

Finance Press Release Finance Press Release 05.10.2021 16:57
OPEC+ is not adjusting its (perhaps too gradual) uplift in supply, sending the WTI to its highest since 2014 (and for Brent since 2018).Market AnalysisThe surge in oil and gas prices threatens to extend the rise in energy prices in general, and consequently to worsen the levels of inflation observed in the United States and Europe. Thus, central banks are under further pressure to tighten their monetary policies quickly. This galloping inflation also frightens the tech sector, whose cash needs are very important. Regarding natural gas, the onset of winter with colder temperatures could further accelerate the shift in demand from gas to oil.In short, since energy is the heart of the global economy, if inflationary prices are accelerating further, they could lead to a global state of tachycardia, which would rapidly spread to other sectors and, consequently, threaten the entire economy… it’s not impossible, though, to navigate through such dangerous waters with profits. Detailed positions for oil/natural gas trading can be found in my premium Oil Trading Alerts.Keeping an eye on everything energy-related emerging on the horizon and holding the helm firmly during the storm is what I do when cruising through charts — especially at sea full of black waters.Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Sebastien BischeriOil & Gas Trading Strategist* * * * *The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
How the Recent Natural Gas Surge Boosts Crude Prices

How the Recent Natural Gas Surge Boosts Crude Prices

Finance Press Release Finance Press Release 04.10.2021 18:00
This could be an interesting week for both energy commodity markets!Market AnalysisWhile most of the UK fuel crisis is resolved, the British government suggested that the military truck drivers will be helping out to facilitate the arrival of fuel to the South-East region, including London, where shortages still remain to be fixed around the capital.(Source: Matt Cartoons)As I already mentioned in a number of previous editions of our Oil Trading Alerts, we are still witnessing a very particular phenomenon of gas demand shifting to oil demand, as crude is nowadays relatively more competitive. Thus, this switch in energy demand could come in the following forms:From a slowdown in electricity production in Asia.From a hedging effect in the anticipation of a colder than normal winter in the northern hemisphere.OPEC+ members are meeting today and, therefore, might increase their production a little more than expected to rebalance supply. So, would it help the black gold to make a new dip?Check out my premium analysis for full trading positions.Figure 1 – WTI Crude Oil (CLX21) Futures (November contract, daily chart, logarithmic scale)Figure 2 – Henry Hub Natural Gas (NGX21) Futures (November contract, daily chart, logarithmic scale)Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!Thank you.Sebastien BischeriOil & Gas Trading Strategist* * * * *The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as