Euro Styl with first project outside Tri-city

Gdańsk-based developer Euro Styl, part of the Dom Development capital group, has launched construction work on the first phase of its Locus residential project in Rumia near Gdynia, which is the company’s first scheme outside the Tri-city. This phase of the development will deliver 59 units in a fou...

Locked content Minimum salary in 2019 will be PLN 2,255 – Rzeczpospolita

On September 4 the government will decide to raise the minimum wage for 2019 to PLN 2,255 — Rzeczpospolita newspaper reported, citing sources. In June, the Council of Ministers accepted the proposal to increase the minimum wage in 2019 to PLN 2,220 and the hourly rate to PLN 14,50. This means a rise...

Locked content Two more people detained in GetBack case

Central Anti-Corruption Bureau (CBA) detained two more people in relation to the GetBack corruption case. GetBack bought shares of another listed company for over PLN 207 million, while their value was estimated at only PLN 28 million, CBA said. Officers also found out that the acquired company had ...

Locked content Strong alcochol consumption grew in 2017

Consumption of vodkas, liqueurs and other spirits grew in Poland to 3.3 liters per person, while in 2015 it was 2.5 liters, Polish Central Statistical Office (GUS) reported. Consumption of wine and mead in the same period fell to 6.1 liters per person from 8.6 liters. In 2017 an average Pole drank 9...

Locked content Consumer Confidence Index drops in August

Consumer Confidence Index fell by 1.83 points to 108.06 in August. The willingness to buy ratio dropped by 0.54 points and amounted to 110.98, according to a market research company IPSOS. In August, the public mood in Poland slightly worsened compared to May, but this level is still high. Poles per...

Locked content GDP growth seen at about 5% in 2018

In Q2 GDP growth stood at 5.1 percent y/y, in line with estimates published in August, Polish Central Statistical Office (GUS) reported. Domestic consumption remains the main driver of the Polish economy, while investment recovery is still limited, analysts said. Most analysts expect a slight slowdo...

Locked content Gasoline and diesel prices may go up

In the next days, fuel prices may grow by PLN 0.03-PLN 0.05 per liter for gasoline and diesel. LPG prices may decline slightly or stay at a stable level, BM Reflex analysts estimated. In the first weeks of July gasoline and diesel prices went up by about PLN 0.10 – PLN 0.12 per liter, while...

Locked content T-Bull agrees on cooperation with Xiaomi

T-Bull signed an agreement with Beijing Wali Internet Technologies Co, which belongs to the Xiaomi group. The agreement is for distribution, marketing, promotion and service of T-Bull games “Top Speed” and “Top Speed 2” in the Xiaomi / Mi Game Center. Currently, Xiaomi / Mi G...

Locked content Amica net profit plunges to PLN 29.1 mln in Q2

WSE-listed white goods producer Amica recorded consolidated net profit attributable to shareholders of PLN 29.1 million versus PLN 71.5 million a year ago. Operating profit fell to PLN 28.1 million from PLN 38.0 million y/y. Revenue amounted to PLN 685.4 million compared to PLN 624.6 million in Q2 2...