Poland under increased scrutiny from Brussels over the rule of law

The European Commission’s concerns about the rule of law in Poland are growing – said on Tuesday the deputy head of the European Commission Frans Timmermans at the conference after hearing regarding Article 7 procedures against Poland. He added that regarding the recent Supreme Court ove...

Locked content SGB with new CEO

The management board of SGB-Bank appointed Mirosław Skiba as its CEO. At the same time, the board recalled Jarosław Dąbrowski, lender’s deputy CEO who was acting CEO since April. Skiba appointment has yet to be approved by the Financial Supervision Authority KNF until then he will be holding the pos...

Employment and wages grow in August – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in companies in August grew by 3.4 percent year-on-year, while the wages grew by 6.8 percent y/y. In month-to-month terms, employment remained unchanged, while salaries decreased by 0.6 percent. The ave...

Housing permits up in August – GUS

In August, the number of dwellings on which construction has started increased by 12.2 percent y/y to 21,929, according to data released by the Central Statistics Office (GUS), in m/m terms it grew by 16 percent. Moreover, the number of dwellings completed increased by 15.2 percent y/y to 16,593.

Locked content PiS at 42% and PO with 20% support – Kantar Public poll

According to the latest poll conducted by Kantar Public, if elections took place now, 42 percent of Poles would vote for ruling Law and Justice (PiS), while 20 percent would vote for Civic Platform (PO). PiS support grew by 6 percentage points compared with last month, while PO’s support dropp...

Locked content Fat Dog Games with distribution deal in China

Listed on the small-cap, alternative NewConnect market, game developer Fat Dog Games has started distributing some of its titles on the Chinese market via the Sonkwo platform, the company said in a market filing. Currently, four titles are available. The company is working with major local game dist...

Locked content CD Projekt announces release dates for 2 Witcher games

WSE-listed game developer CD Projekt has announced that it will release two titles based in the popular Witcher universe: “Thronebreaker: The Witcher Tales” and “Gwent: The Witcher card game” on October 23 on PCs. Both games are also scheduled to launch for the Xbox One and PlayStation 4 consoles on...

Locked content Poles are going cashless more and more

As many as 19 percent of Poles do not carry any cash on them, while 33 percent of people under 26 claim they only use electronic forms of payment, according to a study conducted by IBRIS. “Cashless payments is not only a symbol of modernity but also an advantage – both in the social and financ...

Locked content Gino Rossi signs licensing deal with CCC

WSE-listed footwear retailer Gino Rossi signed a licensing deal with rival CCC. The contract is for manufacturing and design and to use Gino Rossi trademark in selected countries. Gino Rossi estimates that it will bring PLN 36-40 million in revenue for 2019-2020 period, including PLN 15-18 million i...