Locked content Polish import is seen higher than export in 2018

The Ministry of Enterprise and Technology maintains forecast that in 2018 import will exceed export. This will cause a trade deficit of €2.5 billion for Poland. The forecasts of Poland’s economic growth for 2018 are favorable, i.e. at the level of 3.8-4.3 percent. The main sources of growth wi...

Locked content Redan revenue down 5% in May

WSE-listed clothing company Redan Group recorded consolidated revenue of about PLN 51 million in May, a 5 percent decline y/y. The area of Redan sales network at the end of May was 141,600 sqm, about 1 percent less compared to a year ago. In discount segment sales stood at about PLN 31 million, fall...

Locked content Income from PIT and CIT shows high dynamics

There is a very high dynamics of income from corporate income tax (CIT) and high, over 20 percent, dynamics from personal income tax (PIT), the head of the Ministry of Finance Teresa Czerwińska said. She added that VAT dynamics is lower. She added that it is too early now to talk about returning to ...

Locked content Szczecin, Gdynia and Polkowice receive subsidies for eco-buses

Szczecin, Gdynia, and Polkowice will receive more than PLN 12 million in subsidies from the National Fund for Environmental Protection and Water Management (NFEP&WM) for zero-emission public transport, the Fund said. There will be 14 new buses bought for about PLN 37 million. Poznań may be the n...

Locked content Setanta starts talks with JR Holding about possible cooperation

Setanta ASI started preliminary talks with JR Holding about wide cooperation as well as possible capital involvement. The talks are a result of Setanta analysis of strategic options and development directions for the company. Setanta considers various scenarios, it said. “It can not be ruled o...

Locked content Vienna Insurance Group buys Gothaer TU

Vienna Insurance Group signed an agreement to acquire 100 percent in Gothaer TU, a unit of  Gothaer Finanzholding AG. The transaction should be finalized in about 6 months after obtaining the required regulatory approvals. The price was not disclosed. “Gothaer TU S.A. will contribute PLN 620 m...

Over 11,000 sqm leased at Panattoni’s Silesia park

Galicja Tomaszek, a wholesaler of home appliances and audio/video devices, has leased a total of 11,100 sqm of warehouse and office space at the Panattoni Park Sosnowiec V logistics center in Silesia. Savills represented the tenant during the lease negotiations. Located near the S1 expressway, Panat...

Locked content Sejm passes bill on emissions charges

The Sejm has adopted a law on biocomponents and biofuels, which introduces a new emissions charge on fuels sold on the Polish market in the amount of PLN 80 for every 1,000 liters of fuel. Most of the funds (85 percent) are to be allocated to the National Fund for Environmental Protection and Water ...

Locked content 14 out of 16 Polish regions among poorest in EU

Fourteen out of 16 Polish regions will remain classified as weakest economically (with GDP per capital below 75 percent of EU average) after 2020, according to the European Commission’s preliminary proposal. Mazowieckie is among the richest regions, with GDP per capital above 100 percent EU average,...