Locked content PwC: Cookie consumption to reach 4.1 kg per person in 2020

According to the report compiled by the PwC consultancy, the Polish cookies market will grow by 1.8 percent per annum on average and in 2020, an average Pole will consume 4.1 kilograms of the confectionery per year. According to PwC, Poles spend some PLN 2.6 billion and eat 3.8 kilograms per person....

Locked content Fiat to produce Panda exclusively in Poland – RP

According to the daily Rzeczpospolita, Fiat will announce its decision to shift Panda production exclusively to Poland in September this year. The move will cost Fiat Chrysler PLN 1.5 billion with 800 new workplaces being created in the Tychy plant. “The move was obvious for quite some time, but we&...

BOŚ: GDP growth to reach 3.5% in Q1

According to BOŚ Bank analysts, Poland’s GDP will grow by 3.5 percent in Q1 2017, while the consumption dynamic will remain above 4 percent y/y. In Q4, the growth stood at 2.7 percent.

Locked content Poles spend PLN 20-40k on a wedding – report

According to a poll conducted by classifieds website olx.pl, an average Polish wedding costs between PLN 20-40,000. The reception is usually planned for 50-100 guests with each one of them costing the newly married couple PLN200-300 to host. As many as 5 percent of respondents took out loans to cove...

Mieszkanie+ Fund to be floated on the WSE

According to the deputy CEO of state-run lender BGK, the fund Mieszkanie+ will be floated on the Warsaw bourse “in the long run” without specifying any dates. “There will be many forms of financing, starting with PLN 4 billion of BGK funds,” Włodzimierz Stasiak said. Other forms will include debt fi...

Locked content Poland to ‘play rough’ with EU – Waszczykowski

According to Poland’s Foreign Minister Witold Waszczykowski, Warsaw will “play a rough game” in Brussels, after the decision to reappoint Donald Tusk as the President of the European Council angered the Polish government. Waszczykowski warned that Poland will start “blocking other initiatives....

Locked content Asseco sells 51% stake in Russian unit for $17.5 mln

WSE-listed IT group Asseco sold 51 percent of shares in its Russian subsidiary R-Style Softlab to three individuals for PLN 71 million. “Under the agreement, both put and call options have been included. Maximum period to execute the put option has been set for five years, while the call option peri...