Locked content Professional cleaning services market worth PLN 5.4 billion – PIGC

According to Polish Cleaning Chamber of Commerce (PIGC) the professional cleaning services market was worth PLN 5.4 billion last year, compared to PLN 4.5 billion in 2015. “With some 3,500 companies operating in the sector, the competitiveness requires seeking new methods to improve the quality, whi...

Locked content PIU: Number of Poles with private health insurance way up in Q3

The number of people in Poland in Q3 with a private health insurance rose by 28 percent, y/y, according to the Polish Insurance Association (PIU). As many as 1.76 million Poles had such insurance, the value of the premiums stood at PLN 399.1 million, compared to PLN 356.2 million in year-on-year ter...

HICP inflation at 1.4% in January – Eurostat

The harmonized index of consumer prices for Poland stood at 1.4 percent year-on-year in January, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices increased by 0.3 percent.

Locked content Lowering the retirement age will cost 0.4-0.9% GDP per year EC

According to the European Commission, the cost of lowering the retirement age in Poland will cost between 0.4-0.9 percent of GDP per year till 2050. The EC claims such burden will hurt public finances. It suggests that the negative effect could be balanced out by incentives which would encourage Pol...

E-commerce accounts for 59% of warehouse demand in 2016

Retail chains and logistics operators accounted for nearly 59 percent out of the record-high 3 million sqm of warehouse space leased throughout 2016, JLL stated in a report. Logistics firms’ share in total demand rose slightly from 29 percent in 2015 to 30 percent last year. “This result is mainly d...

Locked content Biedronka with €10 billion sales in 2016

Portuguese Jeronimo Martins, operator of grocery chain Biedronka released preliminary financial results of its Polish operations. Biedronka’s EBITDA stood at €707 million (10.3 percent increase year-on-year), while like-for-like sales rose 9.5 percent. Total sales increased by 6.3 percent year...

Locked content Polish loan stock slightly fluctuates in January – NBP

The Polish banking system’s portfolio of consumer loans grew by 0.2 percent month-to-month or PLN 272 million in January to PLN 164.75 billion, data from the Poland’s Central Bank (NBP) showed. The corporate loan stock also went up, by 0.8 percent m/m, to PLN 297.82 billion, while the ho...

Locked content Rafako profits plummet

WSE-listed industrial machinery producer Rafako profits for 2016 took a huge dive. It stood at PLN 11.3 million, down by 67 percent year-on-year, while revenues went up by 20 percent to PLN 1.86 billion, the company said in a preliminary financial report. The drop results from corrections in the val...