Locked content RPP maintains interest rates unchanged

The Monetary Policy Council (RPP) has kept interest rates unchanged at its Wednesday sitting. The main reference rate has stood at 1.5 percent since the last round of easing in March 2015. RPP stated that it expects inflation to continue to grow over the coming months, albeit gradually. Adam Glapińs...

Locked content Senate passes budget bill

The Senate has adopted Poland’s 2017 budget without amendments. The budget bill was adopted by the Sejm (lower house of Polish parliament) on December 16, amidst certain controversy. Parliamentary opposition is still demanding the deliberations on the budget bill be repeated as it considers the mann...

Budimex Q4 profit 47% up

Budimex reported a consolidated net profit of PLN 110 million for the fourth quarter of 2016, a 47 percent increase (PLN 35 million) over the corresponding period of the previous year, the company stated in a press release.

Locked content Skarbiec TFI with over PLN 19 bln AUM

Investment Fund Skarbiec TFI’s value of Assets under Management increased to reach PLN 19.17 billion at the end of December from PLN 15.9 billion a month earlier, the company stated. At the end of 2016, the company managed 45 funds and subfunds as well as 16 dedicated funds….

Locked content UK currently has no plans to tax EU employees

British immigration minister Robert Goodwill said at a House of Lords sitting on Wednesday that a post-Brexit levy on all EU employees of £1,000 a year would “be helpful to British workers who feel they are overlooked” in favour of migrants, Forbes reported. However, Prime Minister Theresa May’s spo...

HB Reavis unveils design of Poland’s tallest skyscraper

Developer HB Reavis has officially announced the launching of the construction work on, and presented the architectural vision for its Varso office project in downtown Warsaw, which will include the tallest building in Poland and one of the tallest office skyscrapers in Europe. The huge complex will...

Locked content Dino expanding rapidly

Supermarket retailer Dino increased its number of outlets by 117 in 2016, the company stated on Wednesday in a press release, a 15 percent increase, y/y. It now runs 628 stores in Poland. “In the years 2013-2015 the network Dino opened about 100 new stores per year, which gave us the position of the...

Locked content Gino Rossi has ambitious goals for 2017

Polish footwear and accessories company Gino Rossi stated in a press release on Wednesday that it will develop its brand in 2017 by focusing on expanding e-commerce sales and increasing the brand’s value abroad by cutting production costs. “In the opinion of the board, in the years to come [we will]...

Locked content Good news for economic growth for Poland – World Bank

The World Bank released its Global Economic Prospects report on Wednesday, and it had a positive growth forecast for both Poland and for the global economy for the year ahead. It said that Polish economic growth will accelerate to 3.1 percent, from 2.5 percent in 2016. Also, it indicated that the gl...