Poles spend 44% of their budget for gifts online

This year an average Pole plans to spend PLN 532 for Christmas presents. Out of this amount, 44 percent (PLN 236) will be spent online, according to Deloitte research. This is the third highest percentage in Europe – after the UK and Germany, who are the leaders in online purchases. Poland is ...

Locked content International coal indices decline in November – ARP

International coal indices, indicating the prices both in the area of Asia-Pacific and Atlantic market showed a systematic decline in November, the analysis of the Industrial Development Agency (ARP) showed. November was the first month this year showing a clear downward trend. “It is highly l...

Locked content Murapol plans to debut on WSE in H2 2019

Developer Murapol plans to debut on the main market of the Warsaw Stock Exchange (WSE) in the second half of 2019, the company said in the presentation. On Tuesday Murapol approved the strategy for 2019-2021+. The developer named strengthening the position on financial markets (e.g. by issuing share...

Locked content Airlines net profit seen to grow by 10% in 2019

In 2019 global airline industry net profit may reach $35.5 billion, nearly 10 percent more than this year, according to the International Air Transport Association (IATA) forecast. Overall industry revenue is seen at $885 billion next year, 7.7 percent more compared to 2018. Average net profit per d...

New Work planning further expansion in Poland

Hungarian serviced offices operator New Work Offices plans to open twelve new locations across Poland by the end of next year. In Q1 2019 alone, the company will open three locations in Warsaw – at the Mazowiecka 2/4 (2,100 sqm), Neopark (2,200 sqm) and Kaleńska 5 Business Center (1,600 sqm) buildin...

Locked content December is the hardest month for Polish home budgets

Christmas and New Year’s Eve celebration make December the most difficult month for Polish home budgets, according to the BIG InfoMonitor research. 62 percent of survey participants named the last month of the year the hardest financially, indicating problems with paying bills, rents or credit...

Locked content Industrial production in Poland up 5% y/y in Oct. – Eurostat

Seasonally adjusted industrial production in Poland grew by 5 percent y/y in October following the increase of 4.9 percent y/y in the previous month. On a monthly basis, October production increased by 1.3 percent. In the entire EU, industrial production increased in October by 1.3 percent annually ...

Locked content 199 mergers and acquisitions in 2018 – Fordata

In 2018 there have been 199 mergers and acquisitions in Polandso far, about 2.5 percent less versus last year, Fordata analysts said in M&A Index Poland report. The biggest transaction in 2018 was the acquisition of about 37 percent stake in Unipetrol by PKN Orlen for PLN 4.2 billion. The analys...

Locked content Electricity output down 1.3% y/y in Poland

In November electricity output in Poland amounted to 14,238 GWh, a decrease of 1.3 percent versus a year ago, according to Polskie Sieci Elektroenergetyczne (PSE) data. In January-November electricity output stood at 50,206 GWh, or 0.66 percent less y/y. In November, energy consumption was 14,647 GW...

Locked content Food prices in June 2019 seen 4-5% up y/y – IERiGŻ

Food prices in June 2019 are expected to grow by 4-5 percent compared to June this year, analysts from The Institute of Agricultural and Food Economics estimated. The analysts forecast food prices in H1 2019 to be on average 3.5-4.0 percent higher than a year ago. “The growth of food prices ma...