Poland Seeks Greater Role in Ukraine Security Talks After Exclusion from E3 Meeting

Poland’s role in shaping Ukraine’s future security architecture has come under renewed scrutiny following its exclusion from recent talks between the leaders of the United Kingdom, France, Germany and Ukraine.

Ukrainian President Volodymyr Zelenskyy met with British Prime Minister Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz in London earlier this month to discuss ongoing support for Ukraine, potential pathways toward ending the war with Russia, and future security guarantees for Kyiv. The meeting highlighted the increasingly prominent role being played by the so-called E3 countries in coordinating European policy on Ukraine.

Poland, however, was not represented at the discussions despite its position as one of Ukraine’s most important allies since the start of Russia’s full-scale invasion in 2022.

Prime Minister Donald Tusk responded by emphasizing that Poland should be involved in any discussions concerning Ukraine’s future and regional security arrangements. He stated that decisions affecting Poland’s security interests cannot be considered binding if Warsaw is excluded from the process.

The development has sparked debate within Poland over whether the country is receiving sufficient political influence in return for its substantial contribution to Ukraine’s defense effort.

Since the outbreak of the war, Poland has served as one of the principal logistical hubs for military, humanitarian and economic assistance flowing into Ukraine. The country has welcomed millions of Ukrainian refugees, provided significant military aid and facilitated the transport of equipment and supplies from NATO allies. Poland was also among the first countries to transfer heavy military equipment to Ukraine.

Despite this role, recent diplomatic initiatives concerning Ukraine’s future have often been led by larger Western European powers, particularly the United Kingdom, France and Germany. Analysts note that smaller diplomatic formats are frequently used to accelerate decision-making and coordination, although such meetings do not necessarily determine the final shape of broader European or NATO policy.

The discussion has also revived longstanding questions about Poland’s strategic priorities regarding Ukraine. Areas frequently cited by policymakers and business groups include border infrastructure, trade relations, the role of Polish companies in Ukraine’s reconstruction, transport corridors, and broader security cooperation.

At the same time, Poland remains one of Ukraine’s closest partners within both NATO and the European Union. While tensions have periodically emerged over issues such as agricultural imports, transport regulations and historical disputes, cooperation between Warsaw and Kyiv continues to be a central element of regional security policy.

The episode underscores a broader challenge facing Poland as its economic and military weight grows within Europe. The country has become one of NATO’s largest defense spenders relative to GDP and is undertaking one of the continent’s most ambitious military modernization programs. The question now facing policymakers in Warsaw is how to translate that growing strategic importance into greater influence over decisions concerning the future security architecture of Eastern Europe.

As discussions about Ukraine’s long-term security and eventual reconstruction continue, Polish officials are expected to push for a more formal role in future negotiations. Whether this leads to an expanded diplomatic format remains uncertain, but the issue has highlighted Poland’s determination to ensure its interests are represented in decisions that will have lasting implications for the region.

Source: WEI

Polish Online Job Advertisements Return to Year-Ago Levels as Labour Market Recovery Remains Fragile

Poland’s online job market continued to recover in May, with the Barometr Ofert Pracy (Job Offers Barometer) recording its third increase of 2026 and the second consecutive monthly rise. The index, which tracks changes in the number of online job advertisements, climbed to 258.2 points in May from 253.5 points in April, returning to approximately the same level recorded a year earlier.

According to the report prepared by the Department of Economics and Finance at the University of Information Technology and Management in Rzeszów (WSIiZ) and the Bureau for Investments and Economic Cycles (BIEC), job postings have been recovering since February following several months of gradual decline.

After seasonal adjustments, the number of online vacancies increased across all Polish regions. The strongest monthly gains were recorded in the Podkarpackie, Lubuskie and Podlaskie voivodeships, while Opolskie saw only marginal growth.

Despite the improvement in recruitment activity, the labour market continues to show signs of weakness. Registered unemployment, excluding seasonal workers, rose by 0.1 percentage points in April to 6.0%. The number of unemployed people has increased for three consecutive months and reached its highest level since June 2021.

Researchers caution that the recent rise in vacancies should be interpreted carefully. The labour market indicator combining unemployment and vacancy trends remains in a zone associated with labour market slowdown, although it is gradually moving toward recovery territory. Analysts note that similar increases in job advertisements have occurred in previous years without developing into sustained growth trends.

The report also suggests that the modest increase in vacancies relative to the rise in unemployment could indicate that employers are replacing existing staff rather than significantly expanding their workforces.

Sector data showed improving demand for workers with science and engineering qualifications. Construction, engineering and IT-related occupations recorded some of the strongest monthly increases. The number of vacancies in construction has now exceeded levels seen before the recent correction and stands at its highest point since mid-2022. Demand for programmers and IT system administrators also improved after a period of decline.

The services sector also recorded growth in job advertisements, particularly in education, logistics and media-related occupations. In logistics, vacancies have been increasing steadily since December, although overall demand remains below historical levels. Tourism continued its recovery, with most of the declines recorded last year now reversed.

In contrast, some white-collar occupations remain under pressure. Banking, call centre services and real estate-related positions continue to experience declining long-term demand, although early signs of improvement have emerged in human resources, finance and office administration roles.

The report concludes that while hiring activity has strengthened in recent months, Poland’s labour market has yet to establish a clear and sustained growth trend, with rising unemployment continuing to weigh on the outlook.

PORR Improves EcoVadis Sustainability Rating, Retains Gold Status

Austrian construction company PORR has improved its score in the latest EcoVadis sustainability assessment, achieving 81 out of 100 points and retaining its Gold rating.

The result places PORR among the top 5% of all companies evaluated by EcoVadis globally. Within the building construction sector, the company ranks among the top 3% of assessed firms.

“The PORR has managed to further improve on its excellent results from last year. This shows that we are consistently integrating sustainability into our business activities and continuously developing our measures. I am particularly pleased that our progress is visible across all assessed areas,” said Karl-Heinz Strauss, CEO of PORR.

Compared with last year, PORR increased its overall score by four points, from 77 to 81. The company recorded improvements across all four categories assessed by EcoVadis: environment, labour and human rights, ethics, and sustainable procurement.

According to PORR, the higher rating was supported by the inclusion of its decarbonisation plan, which targets a 43% reduction in Scope 1 and Scope 2 emissions and a 25% reduction in Scope 3 emissions by 2030. The company also noted that increased transparency regarding its sustainability strategy, measures and performance indicators through CSRD reporting contributed positively to the assessment.

PORR’s environmental score increased from 83 to 86 points, while its labour and human rights score rose from 82 to 87 points. The ethics category improved from 68 to 75 points, and sustainable procurement increased from 63 to 67 points.

The company ranks among the top 3% of construction companies assessed by EcoVadis in the environmental category and among the top 1% in labour and human rights.

EcoVadis evaluates companies on sustainability performance across environmental, social, ethical and supply-chain management criteria, using international frameworks including the UN Global Compact, GRI standards and ISO guidelines.

PORR said it intends to continue improving its sustainability performance, particularly in the areas of ethics and sustainable procurement, as regulatory and market requirements continue to evolve.

Hungary Proposes Sweeping Transparency and Anti-Corruption Reforms to Unlock EU Funding

The Hungarian Parliament has introduced a legislative proposal aimed at strengthening transparency, combating corruption, and improving access to European Union funding. The bill, submitted on 9 June, proposes extensive changes across asset declarations, public procurement, anti-money laundering regulations, and the governance of public-interest foundations.

If approved, most provisions would take effect three days after promulgation, while selected measures would enter into force after 61 days.

A key element of the proposal is the overhaul of Hungary’s asset declaration system. The new framework would expand mandatory filing requirements to include a broader group of public officials, including senior political figures and board members of public-interest foundations. Declarations would be submitted electronically through an authenticated digital platform and made publicly accessible online.

The legislation also introduces more detailed reporting requirements covering a wider range of assets and liabilities, including declarations from household members. Former officials’ asset declarations would remain accessible for three years instead of one, while a new criminal offence related to non-compliance with declaration obligations could carry prison sentences of up to two years in cases involving concealment.

The proposal would significantly strengthen the powers of the Integrity Authority, positioning it at the centre of Hungary’s anti-corruption framework. The authority would be empowered to conduct asset declaration investigations, perform regular integrity reviews, access a wide range of confidential information for investigative purposes, impose administrative fines, and initiate proceedings related to public procurement disputes.

Another major provision concerns public-interest asset management foundations. Under the proposed rules, these foundations would be dissolved and their assets returned to the Hungarian state. The value of the assets expected to revert to state ownership has been estimated at approximately HUF 3 trillion.

Foundations not linked to higher education would be required to cease operations by the end of August 2026, while higher education-related foundations would have until August 2027. During the transition period, founder rights would revert to the government, and foundation board members would become subject to term limits, competitive appointment procedures, and oversight by the State Audit Office.

The legislation also introduces new measures affecting public procurement, including potential sanctions for bidders, while broadening transparency obligations for entities receiving or managing public funds. State-owned companies, public-interest foundations, and research institutions would be required to publish data regularly in a machine-readable format through the Central Information Public Data Registry, with records retained for at least ten years.

In addition, the proposal contains extensive amendments to anti-money laundering legislation. These include a broader definition of beneficial ownership, particularly affecting closed-end investment funds, enhanced due diligence requirements, and expanded access to beneficial ownership registers for authorised third parties.

The proposed reforms represent one of the most comprehensive governance and transparency packages introduced in Hungary in recent years and are widely viewed as part of the country’s efforts to address European Union concerns regarding corruption, public spending oversight, and the rule of law.

Source: CMS

Pepco Leases 51,000 sqm Distribution Centre from 7R Near Gdańsk

7R is developing a new logistics centre for Pepco in Barniewice near Gdańsk, following the signing of a long-term lease agreement for more than 51,000 sqm of warehouse and office space.

The facility will become Pepco’s sixth distribution centre in Europe and is intended to support the retailer’s continued expansion across the continent. Pepco currently operates more than 4,100 stores in 18 European markets and employs over 31,000 people.

Located within the 7R Park Gdańsk V development, the build-to-suit (BTS) facility is situated 2.5 km from the S6 metropolitan bypass, 18 km from the Deepwater Container Terminal (DCT) Gdańsk and approximately 4 km from Gdańsk Lech Wałęsa Airport’s cargo terminal. The location provides access to road, sea and air transport infrastructure, supporting Pepco’s intermodal logistics operations.

According to Pepco, the new distribution centre will strengthen its logistics network, improve operational flexibility and increase supply chain capacity in a strategically important region of Europe.

The project will include photovoltaic panels, LED lighting with DALI control systems, electric vehicle charging stations and dedicated employee parking. The building is targeting a BREEAM Excellent certification. Construction is being carried out by Mirbud.

Catella announces appointment of Sebastian H. Lohmer to its KVG Supervisory Board

Catella Group has appointed Sebastian H. Lohmer to the Supervisory Board of its KVG platform, Catella Real Estate AG (CREAG).

Lohmer has more than 40 years of experience in the real estate and regulated fund management sectors. He currently works as an independent consultant and board member. From 2013 until March 2022, he served as Managing Director of PATRIZIA Real Asset KVG in Hamburg, where he was jointly responsible for managing more than 100 funds with assets under management exceeding EUR 30 billion.

Earlier in his career, Lohmer held senior roles at PGIM Real Estate, including Managing Director of TMW Pramerica Property Investment KAG, where he oversaw portfolio management for the public open-ended fund TMW Immobilien Weltfonds. He also served on the board and real estate committee of the German Investment Funds Association (BVI).

According to Catella, Lohmer’s appointment is intended to strengthen the Supervisory Board’s expertise in fund management, governance and strategic oversight.

Lohmer succeeds Karl Hamberger, with the appointment effective from May 19, 2026. The appointment remains subject to any required approvals from Germany’s Federal Financial Supervisory Authority (BaFin). The composition of CREAG’s Management Board remains unchanged.

Union Investment Sells Manhattan Retail Property as Part of U.S. Portfolio Strategy

Union Investment Real Estate⁠ and its joint venture partner  Nuveen Real Estate⁠ have completed the sale of the retail property at 1511 Third Avenue on Manhattan’s Upper East Side in New York City. The buyer is  Stockbridge Capital Group⁠, a San Francisco-based real estate investment manager with investments across major U.S. property sectors. Financial details of the transaction were not disclosed.

The property was acquired in 2016 through a joint venture between Union Investment and Nuveen Real Estate, then operating as TH Real Estate, on behalf of the open-ended real estate fund UniImmo: Global, which held a 49 percent stake in the asset.

The acquisition formed part of a four-property U.S. retail portfolio transaction that marked Union Investment’s entry into the American retail market. The sale follows the disposal of another joint venture asset, the 636 Sixth Avenue retail property in Manhattan’s Flatiron District, which was sold in 2024. UniImmo: Global continues to retain 49 percent interests in the remaining two retail assets located in prime shopping corridors in San Francisco and Philadelphia.

The fully leased building at 1511 Third Avenue comprises approximately 1,625 sqm of retail space across four floors and a basement. The ground floor and basement are primarily occupied by  Gap Inc.⁠, while the upper floors are leased to luxury fitness operator  Equinox⁠.

Kseniya Merritt, Senior Vice President and Head of Retail Investments North America at Union Investment, said the sale was driven by strategic portfolio considerations and would strengthen the fund’s liquidity position. She noted that the transaction was completed despite ongoing challenges in the U.S. investment market, including limited transaction activity and elevated interest rates.

The transaction was brokered by the New York retail team of  CBRE⁠, led by Doug Middleton and Jack Stillwagon.

Art-Invest Real Estate Repositions Two Hotel Assets with New Long-Term Lease Agreements

Art-Invest Real Estate⁠ has successfully re-let two hotel properties within its portfolio following the insolvency of the previous operator, securing long-term lease agreements with leading hospitality brands and strengthening the operational positioning of both assets.

The company has appointed Motel One as the new long-term tenant for its hotel project in Kiel. The property will be integrated into Motel One’s portfolio and benefit from the group’s international distribution platform and established brand strategy. Motel One plans to undertake a comprehensive refurbishment programme to align the hotel with its design, quality and service standards.

In Hamburg-Barmbek, the existing hotel will continue to operate under the ibis Styles brand. The property has been leased to a joint venture between The Chocolate on the Pillow Group and  Accor⁠, a partnership established in 2021. The arrangement is expected to strengthen the hotel’s market position through experienced operational management and closer integration with Accor’s international distribution and loyalty platforms.

Dr. Peter Ebertz, Managing Director and Head of Hotels at  Art-Invest Real Estate⁠, said the successful re-leasing of both properties demonstrates the company’s proactive asset management approach in a challenging market environment. He highlighted the importance of operational hotel expertise and the ability to quickly implement sustainable solutions for investors.

According to Art-Invest Real Estate, the transactions were the result of an early marketing process focused on identifying suitable operators and tailoring concepts to the specific characteristics of each location. Legal advice was provided by  GSK Stockmann⁠.

The agreements are expected to enhance the long-term competitiveness and operational performance of both hotel assets while improving the quality of the operator structure within the portfolio.

HIH Invest Sells Nuremberg Office Property to TETRIS Grundbesitz AG

HIH Invest has completed the sale of an office property in Nuremberg to TETRIS Grundbesitz AG. The transaction was structured as an asset deal, with the parties agreeing not to disclose the purchase price.

The property, located at Schweinauer Hauptstraße 80 in the Schweinau district of Nuremberg, offers approximately 4,900 sqm of leasable space and 88 parking spaces. Built in 1961, the office building is situated close to the Hohe Marter underground station and is currently almost fully leased.

The tenant mix includes the Free State of Bavaria, a tax advisory firm, and a law office. The property’s weighted average unexpired lease term (WALT) is approximately five years.

According to HIH Invest, the asset attracted strong market interest due to its high occupancy rate, diversified tenant structure, and established location.

“With the sale of the property in Nuremberg, we successfully concluded a structured marketing process,” said Daniel Asmus. “The high occupancy level, diversified tenant base, and established location generated broad market demand. The transaction demonstrates that there continues to be investor appetite for high-quality office properties in attractive and central locations.”

The sale process was supported by  Colliers Germany⁠ in Nuremberg, while legal advisory services were provided by  McDermott Will & Schulte Rechtsanwälte Steuerberater LLP⁠.

WING Industrial Completes Airport City Business Park with New Built-to-Suit Development

WING Industrial has launched the final development phase of its Airport City Business Park in Vecsés, further strengthening one of the Budapest region’s most established logistics and industrial locations.

The new warehouse building is being developed on a built-to-suit basis for a long-term tenant and will complete the full development of the industrial park. Upon completion, the complex will continue to operate at full occupancy.

The new facility will provide approximately 3,300 sqm of gross leasable area and has been designed to meet the tenant’s specific operational requirements. The building will feature a 12-metre clear height, eight loading docks and office space representing approximately 20 percent of the total area. Completion and handover are scheduled for the second quarter of 2027.

The project will be developed in line with the park’s sustainability strategy. Airport City Business Park operates entirely on renewable electricity, and the new building is targeting BREEAM International “Very Good” certification.

Located adjacent to Budapest Liszt Ferenc International Airport and close to the junction of the M0 and M4 motorways, Airport City Business Park offers direct access to Hungary’s key transport infrastructure. The location is particularly suited to logistics operators, air cargo-related businesses and light industrial occupiers requiring efficient domestic and international distribution networks.

The park also benefits from on-site customs services, providing additional support for companies engaged in international trade. Public transport links serving the area further enhance accessibility for employees.

According to WING Industrial, the location and service offering were key factors in the tenant’s decision to establish operations at the park.

With the completion of the final phase, Airport City Business Park has reached its maximum development capacity. However, WING Industrial retains further growth potential nearby through its Airport City Pro development site, where additional built-to-suit logistics and industrial projects may be delivered in response to future occupier demand.

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