Locked content Minimum wage may increase to PLN 2,250 in 2019

Ministry of Family, Labour and Social Policy proposes increasing the minimum wage to PLN 2,250 and an hourly rate to PLN 14.7 in 2019. Currently, the minimum wage amounts to PLN 2,100 per month, while the minimum hourly rate is PLN 13.7. “We gave a higher offer to keep the minimum wage at arou...

Locked content Baltona May revenue up 29%

Duty-free and travel retailer Baltona recorded consolidated revenue of PLN 42.8 million in May, a 29 percent increase y/y.  In January-May revenue amounted to PLN 171.8 million, 10 percent more compared to the same period in 2017, the company reported. Retail stores (Travel Retail) generated revenue...

Locked content T-Mobile expands sales network to 660 stores

T-Mobile Polska has increased the network of its own stores by 110 as a result of the latest investments and currently owns close to 660 stores, the operator announced. The total area of new stores is 6,700 sqm. Expansion of the network has already yielded tangible business results, the company said...

Locked content Enterprise Investors buys Studenac

Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors (EI),  signed an agreement to buy 100 percent shares in Croatian grocery chain Studenac, EI said in a statement.  The transaction value was not disclosed. The deal requires obtaining antimonopoly approval. “During our...

Poznań office market on a growth path – JLL

Poznań – the sixth biggest office market in Poland – will continue to attract tenants in the coming months with the city’s total existing office stock set to reach half a million sqm next year, according to JLL. The regional market currently offers 455,000 sqm of modern office area and its growth is...

Locked content The Dust wants to introduce games on PC and consoles

Game producer The Dust updated its development strategy. The company wants to introduce games on PC and consoles.  Previously, the company produced games only for mobile devices, in two segments: its own games distributed in the F2P (free-to-play) model and games ordered by third-party clients for a...

Locked content Slight decline in fuel prices is possible – analysts

This week, a slight decline in fuel prices is possible, analysts said. They refer to the recent drop in oil prices and a temporary reduction of wholesale prices in Polish refineries. The recent price reductions in refineries will certainly help in stopping the growth trend at many petrol stations.  ...

Locked content Kvarko invests in Hotel Application

Kvarko invested  PLN 1.2 million in Hotel Application, which supports organization of events for the hotel industry using artificial intelligence. The application aims to reduce costs of services and marketing and simplify the organization of conferences and other events.  The investment was carried...

Panattoni Park Warsaw West V changes hands

Developer Panattoni Europe has sold the Panattoni Park Warsaw West V logistics center near the Polish capital to a Dutch company for which the transaction marks the first investment in Poland’s warehouse property market. Located near the A2 motorway, Panattoni Park Warsaw West V comprises almost 70,...

Locked content Fortuna shares delisted as of June 10

The Warsaw Stock Exchange excluded Fortuna Entertainment Group shares from listing as of June 10. The last Fortuna trading day on the WSE was, in fact, Friday, June 8. Fortuna Entertainment Group is the largest betting operator in Central Europe. It debuted on the WSE in 2010. The company is primari...