Locked content KNF puts three companies on public warning list

Polish Financial Supervision Authority (KNF) put three companies – Premium Personal Finance, ACM Alpha Consulting Management EST, and ACM Alpha Consulting Management AG – on the public warning list. KNF suspects all of them in violating the Banking Law by operating without appropriate pe...

Locked content Chopin Airport handles 17.8 mln passengers in 2018

Warsaw Chopin Airport served 17.8 million passengers in 2018, registering an increase of 12.7 percent versus a year ago, the airport said.  Almost 16 million airport passengers traveled internationally in 2018 (17.2 percent more y/y), while nearly 1.8 million used domestic routes. Charter traffic ro...

JWC to develop Szczecin logistics center

Warsaw Stock Exchange-listed developer J.W. Construction, who is mainly active in the residential market, plans to develop a logistics project in Szczecin in north-western Poland which is expected to comprise approximately 80,000 sqm of space at full build-out. The first phase of the scheme is sched...

Locked content Gino Rossi revenue drop by 34.9% in December

Fashion retailer Gino Rossi recorded revenue of PLN 12.1 million in December, down 34.9 percent y/y, the company said. The share of B2B sales in December was 7.7 percent, a drop of 30.3 percentage points versus a year ago. In contrary, e-commerce sales rose in December by 33.5 percent y/y. In the en...

McDonald’s tests paper straws in Poland

McDonald’s started testing paper straws on a dozen markets including Poland.  Plastic straws, because of their small size, are difficult to segregate and recycle. “This is one of the aspects of wider disposable packaging topic, on which we focus as part of the Scale For Good strategy, &#...

Locked content Dino Polska opened 82 stores in Q4

Dino Polska opened 202 new stores in 2018 compared to 147 a year earlier, registering an increase of 37 percent y/y. In Q4 only the retailer opened 82 stores, and by the end of December the total number of stores was 977, the company said. The area of stores totaled 375,700 sqm, an increase of…...

Locked content Baltic States have highest share of expenses on alcohol in 2017

In 2017, EU residents spent over € 130 billion on alcoholic beverages. This is about 1.6 percent of their total consumption expenses and 0.9 percent of European Union GDP.  The share of expenses on alcohol was the highest in the three Baltic States: Estonia (5.2 percent), Latvia (4.9 percent) and Li...

Mirbud with almost PLN 55-million contract in Lublin

The Medical University of Lublin has selected Warsaw Stock Exchange-listed construction company Mirbud as the general contractor of a planned complex that will include an event and sports hall and several outdoor sports grounds. The contract is valued at approximately PLN 54.8 million. Mirbud is act...