The Warsaw Voice » Business » News - August 28, 2018
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Construction company to leave Norway
Maciej Grabowski
Listed construction firm Torpol is mulling exiting the Norwegian market after making PLN 25.8 billion in reserves and impairment charges against its Norwegian unit.
Norway was supposed to launch a multi-billion EUR railway infrastructure program, but little progress has been made in this respect and Torpol has problems finding orders for its Scandinavian unit that would help offset fixed costs, CEO Maciej Grabowski noted.