Locked content Owners won’t sell Play

The owners at P4 (operating under the Play brand), Poland’s fourth largest mobile operator have decided to not sell the company, according to Bloomberg. In mid November Reuters reported that P4’s owners,  Greek fund Tollerton and Icelandic Novator, were already working with Bank of Ameri...

Locked content Sales of smartphones and tablets up by 40% y/y

Sales volume of smartphones and tablets in the Polish market grew by 40 percent on a yearly basis in 2014, according to the Office of Electronic Communications (UKE). “This trend is associated with the development of information technology, and hence the increase of the possibilities offered b...

Locked content Retail space supply at 650,000 sqm in 2015

New retail space supply in Poland totaled nearly 650,000 sqm in 2015, according to Cushman & Wakefield’s latest report. Next year, the supply is to increase to 700,000 sqm. In 2015, new retail supply reached around 650,000 sqm, of which 85 percent (551,000 sqm) was delivered in traditional shopp...

Locked content Polish freight carriers not allowed into Russia

Russian labor permit agreements in the cargo business with Poland have officially expired, as a consequence Polish freight carriers are no longer allowed into Russian territory. Talks to renew them have been unsuccessful. Jerzy Szmit, deputy minister of infrastructure, who is in charge of transport ...

Locked content Polish banking notes fall in net profits

Poland’s banking sector recorded PLN 11.5 billion in net profits last year, thus it fell by 27.6 percent on a yearly basis, according to data by financial watchdog KNF. A few days ago, the NBP reported that the banking had an aggregated net profit of PLN 13.09 billion in January-December 2015, compa...

Locked content Poland advances in Global Benchmark Complexity Index

Poland ranked 17th in this year’s Global Benchmark Complexity Index compiled by TMF Group, thus it jumped up by 10 spots on a yearly basis. Poland took 17th place in the world and, at the same time, 2nd in Europe, therefore our country has Europe’s second most complicated system for busi...

Locked content 20% of micro firms get loans

On average, 20 percent of micro-enterprises use bank credits designed for businesses, according to the Bureau of Credit Information (BIK). At the end of November last year, 8 out of 10 micro-entrepreneurs benefiting from corporate loans (48 percent) also had a loan as a private person (52 percent). ...

Locked content Newag lands deal with Koleje Mazowieckie

Newag has won a tender to supply trains to state-run Koleje Mazowieckie, the Polish Press Agency (PAP) reported. Pesa was also one of the bidders, but a court ruled that its offer was too cheap (PLN 292.5 million). Newag’s bid was PLN 374 million. As a consequence, Newag will deliver 12 trains...

Locked content Prologis develops SBU in Chorzów

Industrial space developer Prologis has begun the development of a Small Business Unit (SBU) facility totalling 16,000 sqm at Prologis Park Chorzów in Poland, a company press release read. Completion is scheduled for the second quarter of 2016. This is the second Small Business Unit facility in Pola...