Locked content Retail sales grow by 4.6% in April – GUS

Retail sales increased in April by 4.6 percent year-on-year and dropped by 5.3 percent m/m, according to Central Statistics Office GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 7.5 percent y/y and reduce by 2.4 percent m/m. In real terms, Polish retail sa...

Locked content GetBack names Przemysław Dąbrowski new CEO

Troubled WSE-listed debt collector GetBack’s supervisory board in restructuring appointed Przemysław Dąbrowski new CEO and Magdalena Nawłoka as a board member, the company said. At the same time, the management board delegated Paulina Pietkiewicz to a temporary role where she will be responsib...

Locked content Court orders Qumak to pay Oracle Polska PLN 8.2 mln

District Court in Warsaw ordered IT group Qumak to pay Oracle Polska liabilities in the amount of PLN 8.2 million. The liabilities are resulting from technical assistance services provided by Oracle Polska to Qumak clients, the company said. Qumak is holding talks with creditors on debt restructurin...

Locked content Maxcom establishes unit in Hong Kong

Phone maker Maxcom received 10,000 shares (100 percent stake)  in its newly established company Maxcom International Co., Limited registered in Hong Kong. The shares were acquired at a nominal price of HKD 10,000, equivalent to PLN 4,652. Arkadiusz Wilusz became CEO of Maxcom International Co., Limi...

Bieruń logistics park fully leased out

Developer MLP Group has fully commercialized the logistics park in Bieruń near Tychy in Silesia, which it sold to Deka Immobilien in 2015. The company remained responsible for leasing the space in the park after the sale transaction. Car parts distributor Auto Partner has leased an additional 11,500...

IKEA to open new Warsaw store in H2

Retailer IKEA will open its store in the Blue City shopping center in Warsaw in the second half of this year. This will be the company’s third store in the Polish capital and the first one in a central location with the other two located on the outskirts of the city. The tenant will occupy a total o...