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Hot Off The Press! The developer has obtained planning approval for the project, so preliminary agreements will be signed in February with construction due to start in March. We have a brand new batch of apartments which have just been released for sale, and many of them are the best in the development, on the top floors with large terraces and views over the Wisla River, Kazimierz and Old Town. Contact us for more details, as these apartments are not expected to last long. Signing a reservation agreement and paying 5000 PLN will guarantee the apartment until the preliminary agreement is signed in February.

The European Parliament has adopted the final draft of the 2007 budget, which will see Poland receive EUR11.2bn in subsidies against a contribution of EUR2.8bn. Up to 40% of the EU\'s structural funds will go to the new member states in 2007, compared to 23% in 2006. Poland will be the greatest beneficiary of regional funds, and is expected to receive up to 18% of the total pool.

According to Construction employers the Polish construction industry is currently short at least 150,000 workers and unless construction firms raise their wages there is a possibility of a crash (Polish Construction review issue no. 50)

The ministry of finance is currently planning to introduce a two tier VAT rate which will be related to the purchase of new residential property in Poland of 7% and 22%

According to the Krakow Gazetta Wyborcza, Kraków’s authorities have announced that they shall be preparing a zoning plan allowing residential developments over a combined area of 600-ha of the city

As part of it's updated Euro Convergence program, the government has given it\'s predictions for Polish ecnomic growth. The economy will grow by 5.4% in 2006, 5.1% in 2007 and 5.6% in 2008.

Unemployment in Poland falls again. New official figures show 14.9% in October.

The investment in Krakow is to be Google\'s first R&D center in Central Europe and its 10th largest in Europe.

Another new shopping plaza come office space development and entertainment centre is to be built on the site of the old Bonarka chemical works

The city council of Krakow have approved a revitalisation plan of the previously industrial Zablocie district. Local authorities plan to use EU money to regenerate this area into an elegant district.