Image : Wikimedia Commons / Wojciech Sarnowski

Two bidders for Żabka

Two investment funds, TPG and CVC will submit their offers for convenience store chain Żabka, the chain owner Mid Europa Partners, said. The bids are expected to be submitted over in the next week.

Locked content IT investments in Poland with double digits decline – IDC

According to the research company IDC, the value of Polish investments in the IT segment has dropped significantly and has reached double digits. “Polish companies spent less in 2016 on PCs (17.7 percent drop), tablets (-18.7 percent), high-end and middle class servers (-25.9 percent and – 12.1 perc...

Locked content Women are not quitting jobs because of 500+ program – Rafalska

Minister of Family, Labour and Social Policy, Elżbieta Rafalska, said that according to ministry’s data, some 24-30,000 women have left their jobs because they started receiving money from the Family 500+ program. Which, as Rafalska claimed is an “insignificant number” taking into the account ...
Adam Glapiński /Image: NPB

Polish economy will pick up soon – NBP Head

According to the head of Poland’s Central Bank (NBP), Adam Głapiński Polish economy should gain momentum in Q2. “It will be a dynamic growth, significant. For the whole 2017, we should post 3.5-3.6 percent growth,” he said.

Locked content Some 70% Lithuanians enjoy Polish products

Some 70 percent of Lithuanians have positive sentiment toward Polish products, RAIT survey showed. Additionally, 72 percent of Lithuanians say that Polish products are very cheap, 75 percent claim they are easy to find in shops and 72 percent appreciate good quality-to-value ratio. As many as 69 per...

Locked content PwC: 25% of Poles are constantly online

According to the report published by consultancy PwC, 25 percent of Polish internet users are online 24/7, while 36 percent spend 8-12 hours on the web and 19 percent, 6-8 hours. As many as 98 percent of Polish internet users are content with how new technologies affect their lives and 70 percent of...

Locked content Demand for housing loans soars 41.5% y/y in January

Demand for housing loans in the Polish banking sector grew by 41.5 percent year-on-year in January, while demand for consumer loans increased only marginally, by 0.7 percent y/y, Poland’s credit information bureau BIK estimated. The strong increase of demand for housing loans was related to th...

Locked content mBank with better Q4 results

WSE-listed lender mBank, had a PLN 292.5 million (5.5 percent decline y/y) in Q4 earnings. Still, the bank beat expectations, which estimated net profits at PLN 263.4 million. For the whole year, the company had PLN 1.22 billion in net profit, a 6.3 percent drop y/y. Regarding the future, lenderR...

Locked content Comarch IT with better results for 2016

WSE-listed IT group Comarch expects to post better financial results for last year and will raise forecasts for 2017, CEO and lead shareholder Janusz Filipiak said. The better-than-expected results come from increased business abroad, which offseted declines in domestic sales. The company also has o...