Cornerstone laid for Tkalnia mall in Pabianice

Investor A&A has held a cornerstone-laying ceremony at the construction site of its Tkalnia shopping center project in Pabianice in the Łódź agglomeration. The scheme is being built by general contractor Awbud and is scheduled to be completed in the first half of next year. The Tkalnia mall will...

Locked content ZUS: Ukrainians paying social insurance reach 345k in Q1

As many as 345k Ukrainians paid social security ZUS premiums at and-Q1, according to the social security board. It is a 29k q/q increase and 117k y/y growth. Out of that number, 182k Ukrainian nationals were employed with labor-law contracts which is a nearly 20k q/q growth and 65k y/y rise….

Housing construction drops in May – GUS

In May, the number of dwellings in which construction has started dropped y/y by 5.9 percent to 20,536, according to data released by the Central Statistics Office (GUS), year-to-date it grew by 9.3 percent. Moreover, the number of dwellings completed decreased by 12.3 percent y/y to 11,958, while Y...

Employment and wages grow in May – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in companies in May grew by 3.7 percent year-on-year, while the wages grew by 7 percent y/y. In month-to-month terms, employment remained unchanged, while salaries increased by 3 percent. The average sa...

Locked content Polenergia sues Tauron over wind farms canceled deal

WSE-listed power utility Tauron has been sued by Polenergia subsidiaries for PLN 78.9 million in damages in PLN 265.2 million in compensation on potential future losses following termination of long-term contracts for the purchase of power from renewable sources and green certificates, Tauron said i...

Locked content CCC acquires 70% stake in Swiss peer

WSE-listed shoe retailer CCC’s unit NG2 Suisse acquired a 70 percent stake in the second biggest Swiss peer (10 percent market share) Karl Voegele for CHF 10 million. CCC has the call option to acquire the remaining stake in the company….

Locked content Skarbiec plans to takeover Trigon TFI

WSE-listed asset management fund Skarbiec Holding has been negotiating with investor fund Trigon TFI shareholders since January  to acquire the controlling stake in the company, Skarbiec said in a market filing. The transaction would convert the existing Skarbiec stake into new shares of Trigon TFI....

Locked content mBank and Orange cancel cooperation deal on banking

WSE-listed bank mBank and telecom operator Orange Polska have decided to finish their 4-year long deal for banking services. Cooperation will end on December 31, 2018. Under the agreement signed back in 2018, mBank offered its financial services to Orange Polska clients under the Orange Finanse bran...

Locked content Agriculture minister resigns

Agriculture Minister Krzysztof Jurgiel submitted his resignation on Monday citing personal reasons, the ministry said. The resignation was accepted by PM Mateusz Morawiecki and his successor should be announced shortly. Jurgiel has been the agriculture minister since Law and Justice (PiS) won the pa...

Locked content UOKiK wants banks to offer fixed-rate mortgages

The antitrust watchdog UOKiK said that it expects banks to introduce fixed-rate mortgage loans, which according to the office “offer better protection for the consumer during the long-term loan agreement and ensuring the stability of the financial sector in Poland.” “We are concerned about two thing...