Daily Archives: August 19, 2014

Locked content Uber ridesharing app comes to Poland

August 19, 2014 Poland AM
US company Uber, which manages a so-called ridesharing mobile app, has launched services in Poland. The application is designed to connect passengers with car drivers, regardless of the permits they possess. The company says that its services are meant to be part of new trends in city development. U...

Locked content Construction market continues growth

August 19, 2014 Lokale Immobilia, Poland AM
Construction of 85,506 apartment units was launched in January-July period of 2014, 18.9 percent more than in the first seven months of 2013, according to preliminary data published by statistics office GUS on Tuesday. Building permits for 92,237 apartments were issued over the first seven months of...

Locked content Poland urges EU-Russia dispute before WTO

August 19, 2014 Poland AM
Poland’s Ministry of Economy has asked the European Commission to start a dispute concerning the Russian embargo on EU food at the World Trade Organization, the ministry told the Polish Press Agency. Experts say that Russia might, in compliance with WTO regulations, be forced to pay damages arising ...

Locked content Polska Grupa Zbrojeniowa receives takeover approval

August 19, 2014 Poland AM
Polska Grupa Zbrojeniowa (PGZ) will be allowed to take over eight partnerships from the defense sector. The decision has been made by president of the Office of Competition and Consumer Protection as part of the strategy of development of the Polish defense system. In the course of the deal assumes ...

Salaries up by 3.5% y/y in July

August 19, 2014 Economy, Main News
The average monthly salary in the Polish corporate sector grew by 3.5 percent year-on-year to PLN 3964.91 in July, the Central Statistical Office (GUS) said on Tuesday. In month-on-month terms it rose by 0.6 percent.

Locked content Most fitness clubs expect revenue growth in 2014

August 19, 2014 Poland AM
Twenty percent of fitness club owners expect their revenue to increase by more than 7.5 per cent, with half of the entrepreneurs estimating the growth on the intermediate level of 2.5-7.5 percent, says the report “European Health & Fitness Market” prepared by EuroActive and Deloitte. The report ...

Locked content Polomarket splits into two companies

August 19, 2014 Poland AM
Two companies that operated the Polomarket shop chain has decided not to continue their cooperation.  Polomarket and market-Detal want to “independently pursue business goals,” Puls Biznesu reports. One company, Polomarket, will continue previous activity and operate 64 percent of the cu...

Locked content 15% of Poles to take out bank loans

August 19, 2014 Poland AM
Within the coming year, 15 per cent of Poles desire to take out bank loan or credit. However, 65 percent of them has other financial liabilities to pay, according to research done for the Credit Information Bureau and Kronenberg Foundation. The research also demonstrated that the majority of Poles d...

Locked content Poland sets eyes on space research

August 19, 2014 Poland AM
Poland is planning more scientific activity in space, Puls Biznesu reports. One of the projects, valued at PLN 700 million involves the construction of a satellite optoelectronic Earth observation system. “We plan to place two satellites with different observation equipment on the orbits of the Eart...

Locked content PKN Orlen wants to produce more propylene

August 19, 2014 Poland AM
PKN Orlen, the largest Polish petrochemical company, signed a deal for a license and a project of the Metatezy installation. It is the first stage of the planned investment, it will increase the volume of propylene production in Płock to the level of 550,000 metric tons annually. The launch of produ...