Monthly Archives: September 2018

Locked content Government support rises to 44% – Kantar Public

September 20, 2018 Poland AM
As many as 44 percent of the respondents believe that the government is doing a good job, while 41 percent think otherwise, according to a poll conducted by Kantar Public. The supporters number increased by 2 percentage points m/m, while the number of opponents dropped by 5 percentage points. PM Mat...

Economic climate improves in Q3 – IRG SGH

September 20, 2018 Economy
The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) increased by 6.2 points year-on-year and amounted 3.2 points in Q3. 21.9 percent of the surveyed enterprises considered the general condition of their company as good,...

Locked content Santander Bank Polska issues €500 mln eurobonds

September 20, 2018 Poland AM
Santander Bank Polska issued eurobonds with a nominal value of €500 million, the bank informed in a statement on Thursday. The bonds will be traded with a fixed coupon of 0.7500 percent paid annually. Santander Bank Polska (then BZ WBK) announced a eurobond program in May, under which the total nomi...

Basic agricultural product prices up 2% y/y in Aug.

September 20, 2018 Main News
Last month prices for basic agricultural products, i.e. wheat, rye, beef, pork, poultry, and milk grew by 2.9 percent compared to July and by 2 percent y/y, Polish Central Statistical Office (GUS) reported. In August the purchase prices of most agricultural products rose on the monthly basis, with t...

Locked content Airbnb will be transparent about prices – EC

September 20, 2018 Poland AM
Airbnb will present its prices in a transparent way, EU Commissioner Viera Jourova said. Property rental site Airbnb promised to inform its clients clearly about the price of reservation, including additional fees, such as service fees and cleaning costs.  If it is not possible to provide the final ...

Locked content Farmers’ debt above PLN 412 mln

September 20, 2018 Poland AM
The debt in the agricultural sector amounts to PLN 412.5 million, according to KRD Economic Information Bureau. The average debt of a farmer is PLN 49,000. The major part of the debt, in the amount of PLN 266 million, comes from liabilities to banks, debt collection companies, and securitization fun...

Locked content Grupa Żywiec may pay PLN 68 mln fine

September 20, 2018 Poland AM
Grupa Żywiec may have to pay a PLN 68 million fine as a result of control by tax office in Katowice, the company informed. The control referred to the 2013 corporate tax declaration. According to the tax office protocol, Żywiec incorrectly accounted for revenues and costs related to the settlement o...

Locked content Small format stores sales up 5% in August

September 20, 2018 Poland AM
Sales in small format stores (up to 300 sqm) grew by 5 percent y/y and by 0.7 percent m/m in August, the Polish Chamber of Commerce PIH said. The number of transactions in the previous month decreased by 2 percent compared to August 2017. The average value of a transaction stood at PLN 13.92 in̷...

Locked content KKR will invest €125 million in InPost

September 20, 2018 Poland AM
InPost and the American company KKR signed an agreement under which  KKR will invest €125 million in InPost within 5.5 years. This will allow InPost to increase the scale of operations and launch new locations of self-service parcel machines, the Polish company said. Currently, InPost has 3,800 such...

Locked content Gino Rossi signs LoI with OTCF on Simple CP sale

September 20, 2018 Poland AM
Gino Rossi signed a Letter of Intent (LoI) with OTCF, the owner of the 4F brand, regarding the sale of 100 percent stake in Simple Creative Products (Simple CP), Gino Rossi said. OTCF will pay a deposit of PLN 1 million for the acquisition of shares. The final text of the transaction document should...