Eurostat: Retail sales up by 5.5% in June

The volume of seasonally adjusted retail trade in Poland grew by 5.5 percent year-on-year in June, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it increased by 0.7 percent.

Locked content New car registrations up by 25% y/y in July

The number of new registrations of passenger cars and vans in Poland in July amounted to 51,958, according to data from sector research firm Samar. The figure grew by 24.86 percent year-on-year and fell by 0.96 percent month-on-month. This was the 40th consecutive month of growth and best result in ...

Locked content OFE assets up by 5.4% in July

The net assets of the Polish private pension fund (OFE) amounted to some PLN 166.9 billion in July a 5.4 percent month-on-month decrease, according to a report issued by researcher Analizy Online. In the last 12 months, however, OFE assets decreased by 3.1 percent. Last month, the average return rat...

Locked content Jaguar Land Rover terminates import deal with BAH. Stock plummets

Jaguar Land Rover Limited terminated the import agreement with WSE-listed British Automotive Holding. As a result, the company’s shares dropped by over 50 percent. According to BAH, the agreement will expire on August 1, 2020. The subject matter of the contract is, among others, to regulate the rule...

Locked content Trybuchowski named KDPW CEO

Maciej Trybuchowski was appointed as CEO of securities depository KDPW, and Paweł Górecki was named his deputy, KDPW said in a press statement. Trybuchowski will takeover his post on September 10, while Górecki was appointed with immediate effect. KDPW is responsible for maintaining a central securi...

Unemployment at 5.9% in July– Labor ministry

The registered unemployment rate amounted to 5.9 percent in July, unchanged compared to June, and 1.1 percentage points lower y/y, based on estimates from job centers, the Ministry of Family, Labor and Social Policy announced.

Locked content Amazon to increase wages in Polish logistics centers

Amazon will raise wages for employees in all five e-commerce logistics centers in Poland from September 1 this year. by max. 16.7 percent, the company said. “We want to provide our employees with competitive salaries and very attractive benefits, which is why in the second quarter of each year we an...

Locked content WSE suspends Krezus trading

The Warsaw Stock Exchange suspended the trading of metals firm Krezus following a motion from the Financial Supervision Authority KNF. The watchdog filed such motion after Krezus did not immediately inform that its main shareholder Taleja sold 20 percent of its stake, reducing it to 31 percent. The ...

State-of-the-art residential space

Art exhibitions are these days no longer confined to museums and art galleries, with shows of paintings and sculptures now being increasingly often organized in modern residential, office and retail buildings, as well as in the public areas around them. One such event is currently on at the Cosmopol...