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Poles work 45 hours per week on average – report

The average Pole works 45 hours a week, according to a study conducted by Kantar Millward Brown pollster. The more money they earn, the more hours they put in, as those with salaries over PLN 3,999 work 50 hours per week, while those self-employed “enjoy” a 55 hour-long working week. Those earning b...

Locked content GetBack H1 profit soars

WSE-listed debt collector GetBack recorded PLN 111.62 million net profit in H1, up by 50.5 percent y/y. EBIT stood at PLN 156 million, a 74.6 percent y/y growth. Revenues amounted to PLN 337.59 million, up by an impressive 111 percent y/y. “We consider that the first half of 2017 was another good ti...

Treasury debt inches down in July

The debt of the State Treasury of Poland dropped in July by PLN 5.76 billion (0.6 percent decrease m/m), to PLN 939.93 billion, the Ministry of Finance said. Moreover, according to preliminary data, the debt at end-August dropped by another 0.4 percent (PLN 3.4 billion)

Tax revenues up by 15.5% at end-Augist – FinMin

During the first eight months of the year, Polish treasury received PLN 208.89 billion in tax revenue, up by 15.5 percent y/y. This amount represents 69.4 percent of the annual plan, the finance ministry informed. The revenue from VAT increased by 23.5 percent y/y, while the CIT and PIT taxes revenu...

Locked content EY: 107 M&A deals in H1 in Poland

According to EY consultancy, there were 107 merger and acquisition deals in Poland in the first six months of the year. In the CEE and South-Eastern Europe region, there were 473 such deals, down by 27.8 percent less y/y. In Poland, one of the reasons for the lower transaction volume could be reduce...
Image: HB Reavis

Varso tower in Warsaw with WELL pre-certification

Developer HB Reavis has got its Varso skyscraper project in downtown Warsaw WELL Core & Shell-pre-certified. The company’s flagship scheme in Poland is the first building in Europe to have secured such pre-certification. The WELL Building Standard is a new certification system that focuses on th...

Locked content SKOK should remain being covered by banking sector guarantees – ...

Poland will keep banking sector guarantees for the troubled credit unions (SKOK), according to Deputy PM Mateusz Morawiecki. “I would not be in favor of such solutions,” Morawiecki said, adding that the unions are “in good shape.” His words come after banking market lobby ZBP said that credit unions...