Liber Finance Group expanding in Warsaw Spire complex

Norwegian fin-tech company Liber Finance Group, which has been occupying approximately 1,000 sqm in the Warsaw Spire office complex in Warsaw since 2016 has now decided to lease more space in the location. It will move from building C to the skyscraper building of the complex where it will take up a...

Locked content 44% of companies to increase prices

As many as 44 percent of companies are planning on increasing prices for their products over the next 12 months, according to a study conducted by Grant Thornton. “This is bad news for the Polish inflation,” the report stated. Higher GDP growth, increasing employment and salaries across most industr...

Locked content Strabag wins S19 tender with PLN 295 million bid

Strabag has won the tender for the construction of the S19 section between Nisko Południe and Podgórze, part of the Via Carpathia route, a spokesperson of the General Directorate for National Roads and Motorways (GDDKiA) told PAP. Strabag’s offer amounted to nearly PLN 295.5 million with 34 months t...

Locked content OFE assets down 4.7% in March

Open pension funds (OFE) lost on average 4.7 percent of their value in March, according to a report prepared by Analizy Online and the Polish Chamber of Pension Funds (IGTE). At the end of March OFEs had €165.7 billion worth of assets, predominantly large companies’ stocks. The loss is attributed to...

Locked content Exports up by 8.6% y/y in February – KIG

Poland’s exports reached €16.691 billion in February, increasing by 8.6 percent y/y and fell by 1.0 percent in month-on-month terms, according to chief economist of the National Chamber of Commerce (KIG) Piotr Soroczyński. He also stated that the March figure could be significantly higher than that ...

Locked content 44% Poles see smog as a serious problem – poll

Smog in their neighborhood is a serious problem for 44 percent of those polled, including 19 percent who said it is a very serious issue for them, according to a survey carried out by pollster CBOS. As many as 29 percent of respondents said that the scale of the smog problem is small and 24…

Locked content MPs and Senators to receive a 20% pay cut – Kaczyński

Law and Justice (PiS) head Jarosław Kaczyński said that a draft bill has been filed with the Sejm that will cut MPs and Senators’ salaries by 20 percent, while Minister will donate the bonuses they received to charity. All financial bonuses for state-controlled companies’ board members will be elimi...

Locked content Smartphone sales in Poland up 10% in 2017

Smartphone sales in Poland reached more than 8.8 million units in 2017, meaning more than a 10 percent increase year-on-year, a research company IDC reported. About 91.5 percent of smartphones sold last year had Android operating system. A share of Google system rose by 4 percentage points in 2017, ...