Orbis buys hotel in Lithuania

WSE-listed hotel operator Orbis acquired newly-built Ibis hotel in Vilnius in Lithuania. The price tag for the 164-room facility was €8.7 million, the company said in a market filing.

Locked content AmRest to buy Spanish burger chain

WSE-listed restaurant operator AmRest signed a binding offer specifying the terms of a purchase of two companies that own a Bacoa burger chain in Spain for €3.7 million. The entities, Black Rice and Bacoa Holding, own 6 restaurants in Madrid and Barcelona which operate in the “premium burger” segmen...

Locked content PiS support drops, PO gains – Kantar Public poll

According to the latest poll conducted by Kantar Public, if elections took place now, 34 percent of Poles would vote for ruling Law and Justice (PiS), while 23 percent would vote for Civic Platform (PO). PiS support dropped by 7 percentage points compared with last month, while PO’s support in...

Locked content OFEs transfers PLN 630 mln to ZUS in June

Private pension funds OFE transferred PLN 630.1 million to the Social Security Fund ZUS under the pre-retirement asset shift in June. In the other direction, PLN 248.9 million in premiums were transferred. Under the Polish law, each OFE member has their assets transferred to ZUS over the 10-year pre...

Base inflation at 0.6% in June – NBP

Poland’s base inflation (excluding food and energy prices) amounted to 0.6 percent in June, compared with 0.5 percent the month before, according to data released by Poland’s Central Bank NBP.

Locked content Newag signs PLN 100 mln deal with Pomorskie voivodship

WSE-listed rolling stock producer Newag signed a PLN 100 million deal with the local authorities of Pomorskie voivodship to deliver five electric multiple units between 2018-2020. The value of the deal could be doubled if the authorities decide to order another five such units, Newag said in a marke...

Locked content EU to Airbnb: follow the rules

The European Commission said on Monday, that the popular online booking service Airbnb is in breach of several EU regulations and gave it until end-August to comply with the existing law. “Popularity cannot be an excuse for not complying with EU consumer rules. Consumers must easily understand how m...