Locked content Two-thirds of travel booking websites are misleading – EU

The European Commission and EU consumer protection authorities, after a screening of price comparison and travel booking websites across the EU, found that 235 out of 352 checked portals were not reliable when it came to pricing, very often adding extra fees during the checkout process, which were n...

Locked content Labor ministry: 17% of Poles retire later

Currently, 17 percent of Poles decide to retire later than the current retirement age set at 67 for both sexes, statistics released by the ministry of labor said. “The currently used algorithm, benefits those who work longer, as the capital set aside on retirement is increasing, while the average ti...

Locked content Polish government survives no-confidence vote

Poland’s Law and Justice (PiS) government easily survived a no-confidence vote with 238 votes against and 174 for. The result had been expected, given the ruling Law and Justice party’s majority in the parliament. In a heated debate preceding the vote, main opposition leader Grzegorz Schetyna, who p...

Locked content Poland supports US airstrike on Syria

Top Polish officials voiced their support to a US air strike on a Syrian airfield. “In the face of this act of unimaginable barbarity, the civilized world could not remain indifferent,” Polish President Andrzej Duda said in a statement. “Poland strongly condemns crimes committed against civili...

Locked content Poles with PLN 54 bln debt

Overdue debt of Poles at end-2016 amounted to PLN 53.69 billion. As many as 2.3 million Poles do not repay their debts on time, according to the report compiled by BIG InfoMonitor. Between 2015-2016, the number of debtors increased by 11 percent, while the amount grew by 26 percent, the average debt...

Locked content Six dead after building collapse in Świebodzice

Six people, including two children died after an apartment building collapsed in Świebodzice in Southern Poland. According to Daniel Mucha, regional spokesman for the firefighters, the two upper floors of the three-floor building might have collapsed due to a gas explosion. A team of construction ex...

Locked content NN PTE sells its stake in Vantage Development

Pension fund manager Nationale-Nederlanden PTE sold off its entire 9.85 percent stake in WSE-listed real estate group Vantage Development. The transaction was a part of the tender offer for Vantage Development by Fedha, the developer’s subsidiary.. Fedha, bought 15.1 million shares in the buyo...

Locked content Bank Handlowy expects PLN 60 mln net profit in Q1

WSE-listed Bank Handlowy likely ended the first quarter with a PLN 60 million net profit, the lender said in a market filing. The result was impacted by “lower trading result” and a “one-off booking of reserves for premiums to the bank resolution fund” at the Banking Guarantee Fund, Handlowy said of...

Locked content Poland adopts new pharmacy ownership law

Polish parliament adopted a new bill which will restrict right to open a pharmacy only to professional pharmacists. The new regulations also impose geographic and demographic limits on a number of such facilities. After the bill goes into force, a permit to run a pharmacy will only be granted to aut...

Locked content PZU gets anit-trust approval for Bank Pekao takeover

WSE-listed insurer PZU secured the anti-trust watchdog UOKiK’s approval to buy 32.8 percent stake in Bank Pekao, meeting one of the conditions for the deal to go through, PZU said in a market filing. PZU and state fund PFR paid PLN 10.59 billion for the stake. The last major hurdle required fo...