Poland seeks billions in tax revenue

The Ministry of Finance, plans to increase tax revenue collection by PLN 8 billion in 2018, PLN 6 billion in 2019, and PLN 4 billion in 2020, according to the deputy finance minister Leszek Skiba. The updated forecasts were included in the latest draft of the convergence program. For this year, the ...

Locked content Raiffeisen to write-down PLN 114 mln from Polbank brand

Raiffeisen Bank Polska will write-down PLN 114 million of Polbank brand and goodwill. As a result, the bank will take a PLN 92.3 million hit on its Q1 results. This is not the first time the lender has taken a hit on its financial results from the Polbank brand. For its 2016 results, Raiffeisen suff...

Locked content Poland marks 74th anniversary of the Warsaw Ghetto Uprising

Polish and Jewish representatives, including Polish PM Beata Szydło attended commemorations at the site of the former Warsaw Ghetto on the 74th anniversary of the Warsaw Ghetto uprising. Across the city people also pinned small yellow paper daffodils to their clothes in a symbolic gesture of remembr...

Construction on largest water park in CEE gets underway

Investor Global City Holdings has officially launched construction work on the first phase of its Park of Poland project in Mszczonów near Warsaw, which will involve the development of the largest water park in Central and Eastern Europe. Called Suntago Wodny Świat and valued at €150 million, the 67...

Europa Capital completes major Warsaw hotel acquisition

Fund management group Europa Capital has finalized the acquisition of the Radisson Blu Centrum Hotel in downtown Warsaw. Boutique real estate advisory WX Management Services advised the buyer, co-invested in the transaction and will provide asset management services for the project. Located in the W...