Locked content Grupa Europa launches mobile screen protection insurance

Insurer Grupa Europa, subsidiary of the global bancassurance giant Talanx International will sell mobile screen insurance policy in Poland, the company announced. The insurance will be offered through the company’s app – Screenity, which could be added to existing banking apps or pre-installed on de...

Demand for housing loans soars in December – BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 33.7 percent y/y in December. The average value of loan application amounted to PLN 221k similar to last year. The data excludes loan applications exceeding PLN 1 m...

Locked content Labor ministry: wage gap in Poland at PLN 700

The wage gap in Poland ranges from 7- 18.5 percent according to various calculations, the Ministry of Labor said. These figures translate to some PLN 700 difference in monthly pay for men and women in Poland. “Statistically, a woman, doing the same or comparable work as a man, earns less. According ...

Locked content Pepees shareholders launch tender offer

WSE-listed food processing company Pepees major shareholders Maksymilian and Michał Skotnicki launched a tender offer for 31.4 million of company’s shares representing a 33.05 percent stake at PLN 1.45 apiece. If successful, Skotnicki’s will increase their stake to 66 percent. The offer will go thro...

Locked content Monnari revenue inches up in December

WSE-listed fashion retailer Monnari increased its sales revenue in December by 3.41 percent y/y reaching PLN 33.4 million, the company said in a market filing. Revenue for the whole year stood at PLN 244.3 million and was 7.06 percent higher y/y….

Locked content Petru sets up new political initiative

One of the opposition leaders, Ryszard Petru announced his new political initiative called Plan Petru. “Currently, none of the pro-European and pro-democratic political groups has a chance to win. We will only win together. The day of taking over the government can not be the beginning of the discus...

Locked content Cabinet reshuffle on Tuesday

The long-awaited cabinet reshuffle will be announced on Tuesday, according to recently appointed PM Mateusz Morawiecki spokeswoman Joanna Kopcińska. “On Tuesday, around noon the Prime Minister will present new ministers of his government and the government of Prime Minister Morawiecki will start its...

Locked content Poland with 8.53 GW of renewables in Q3

According to data released by the Energy Regulatory Office, at end-Q3, Poland had 8.53 GW capacity of installed renewable energy sources, up by 60.31 MW q/q. Overall capacity of all installations amounted to 25.73 GW Wind farms accounted for the majority of Polish renewable mix with 5.84 GW, followe...

Eurostat: Retail sales up by 7.6% in November

The volume of seasonally adjusted retail trade in Poland grew by 7.6 percent year-on-year in November, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it increased by 1.6 percent.