Locked content OFE assets down 4.7% in March

Open pension funds (OFE) lost on average 4.7 percent of their value in March, according to a report prepared by Analizy Online and the Polish Chamber of Pension Funds (IGTE). At the end of March OFEs had €165.7 billion worth of assets, predominantly large companies’ stocks. The loss is attributed to...

Locked content Exports up by 8.6% y/y in February – KIG

Poland’s exports reached €16.691 billion in February, increasing by 8.6 percent y/y and fell by 1.0 percent in month-on-month terms, according to chief economist of the National Chamber of Commerce (KIG) Piotr Soroczyński. He also stated that the March figure could be significantly higher than that ...

Locked content 44% Poles see smog as a serious problem – poll

Smog in their neighborhood is a serious problem for 44 percent of those polled, including 19 percent who said it is a very serious issue for them, according to a survey carried out by pollster CBOS. As many as 29 percent of respondents said that the scale of the smog problem is small and 24…

Locked content MPs and Senators to receive a 20% pay cut – Kaczyński

Law and Justice (PiS) head Jarosław Kaczyński said that a draft bill has been filed with the Sejm that will cut MPs and Senators’ salaries by 20 percent, while Minister will donate the bonuses they received to charity. All financial bonuses for state-controlled companies’ board members will be elimi...

Locked content Smartphone sales in Poland up 10% in 2017

Smartphone sales in Poland reached more than 8.8 million units in 2017, meaning more than a 10 percent increase year-on-year, a research company IDC reported. About 91.5 percent of smartphones sold last year had Android operating system. A share of Google system rose by 4 percentage points in 2017, ...

Number of indebted millennials in Poland grew by 15%

The number of young debtors in Poland grew by 15 percent during the year.  About 154,500 millennials (aged 18-24) have problems with paying credits and bills. In total their debt amounts to about PLN 872 million,  BIG InfoMonitor and BIK reported.

Locked content Inter Cars Group sales in March decline 2.7%

Sales of Inter Cars Group in March dropped 2.7 percent year-on-year to PLN 611 million, the company said.  In the first three months of 2018  the group’s sales grew 6.4 percent to PLN 1.64 billion. Revenue of Inter Cars SA in March stood at PLN 474.8 million (a 5.4 percent decline), out of whi...

Locked content Fuel consumption in Poland to grow over the next years

The base scenario for Polish fuel market sees an increase of demand in the coming years. The Polish Oil Industry and Trade Organisation (POPiHN) says the fuel consumption may achieve 36-37 million cubic meters by 2025. The growth is expected due to increasing demand for diesel and motor gasoline, th...

Locked content BGK preliminary net profit for 2017 grows to PLN 518 million

Poland’s state-owned lender BGK preliminary net profit for 2017  grew to  PLN 518 million from PLN 349 million a year ago. Over the next years the bank plans to keep its net profit in a similar range to that recorded in 2016-2017, BGK CEO Beata Daszyńska-Mazurek said. Intensifying cooperation with c...

Locked content Polish airports transport in 2017 about 40 million passengers

Polish airports served about 40 million passengers, registering an 18 percent increase year-on-year, a PwC report stated. In 2018 the growth is seen at 12 percent, which means around 45 million passengers will be transported. Chopin Airport in Warsaw served the biggest number of passengers in Poland...