Locked content LPP plans to pay higher dividend

Fashion retailer LPP plans to increase dividend payment for 2018 compared to the amount paid a year ago, CEO Marek Piechocki said, adding that the decisions have not been taken yet.  “I can assure you that it will certainly not be 50% of the profit for 2018. We want to maintain a high level of...

Multi managing 3 Stawy mall in Katowice

Multi Poland has been appointed as the manager of the 3 Stawy shopping center in Katowice. The company is responsible for asset and facility management, as well as for leasing and marketing processes. The 3 Stawy mall comprises approximately 40,000 sqm of space and houses around 90 stores and points...

EU countries agree new copyright rules, Poland votes against

A majority of EU member countries agreed on draft rules to update two-decade-old European copyright law. The EU’s draft copyright directive was created in 2016 to give fairer pay to publishers and prevent users from uploading copyrighted materials on platforms such as YouTube and Instagram.

IKEA plans to lease furniture

Swedish IKEA plans to start a pilot project allowing the customers to rent furniture instead of buying, Puls Biznesu reported. The first leasing trial should begin in Switzerland already in February.

Locked content Poland ranks 30 out of 41 in Employment Flexibility Index

Poland took 30 place out of 41 in the Employment Flexibility Index 2019, measuring the flexibility of employment contracts in the European Union and OECD countries. The result is the same as last year. “Neither the Polish labor code nor the method of determining the minimum wage currently matc...

Locked content FlixBus plans to enter Russian market

German intercity bus company FlixBus is in the early stages of business development in Russia, the founder and CEO André Schwämmlein said. “A small team is already operating in Moscow and is preparing to enter the market. We are concentrating on Moscow as the main center of the new network of ...

Locked content PERN: Naftoport to increase investments by 67% in 2019

Naftoport, a unit of PERN, plans investments of about PLN 20 million this year, about 67 percent more than in 2018. Last year, Naftoport invested PLN 12 million, while in 2017 the investments stood at PLN 13 million. “Thanks to, among others, Naftoport, Gdańsk was promoted to the 4th place amo...

Locked content Orlen Deutschland starts cooperation with EDEKA and DTV

Orlen Deutschand, a German unit of Orlen group, signed agreements with two new logistics partners EDEKA Foodservice Convenience and DTV Tabak. The new contracts will allow to expand the range of products available under “Star” brand at petrol stations and improve logistics flexibility, O...

Locked content Inter Cars January sales up by 16.1%

Inter Cars group sales grew by 16.1 percent y/y in January to PLN 614.7 million. In Poland, sales amounted to PLN 332.3 million, up 14.3 percent y/y. Foreign distribution companies of the group increased sales by 19 percent y/y to PLN 251.5 million. The highest sales were recorded in Romania and Bul...

Locked content 80 escape rooms closed due to safety risks

Construction site inspectors controlled 436 out of 460 escape rooms in Poland. As a result, 80 escape rooms were closed, and 74 received fines. The government plans to tighten requirements for construction sites that will be used as escape rooms, the Minister Jadwiga Emilewicz said. She added that i...