Locked content Gaz-System and Ukrtransgaz sign gas link deal

Poland’s Gaz-System has signed an agreement with Ukraine’s Ukrtransgas to build a gas link which will increase export capacity to Ukraine to 5 billion cubic meters by 2020, from the current 1.5 billion cubic meters. The link wI’ll connect the Hermanowice gas node on the Polish side...

Locked content Polish fintech market worth €860 mln – Deloitte

According to the “CEE FinTech Report” compiled by consultancy Deloitte, the Polish fintech market is worth €860 million, making it the biggest in the CEE region (€2.2 billion). In Europe, the biggest market is in the UK, were fintech companies had €26 billion in revenue. “The CEE region ...

Locked content Over 170k Ukrainians pay ZUS premiums

The number of Ukrainian nationals who pay Polish social security (ZUS) premiums has risen by 70 percent in the last year and reached 172,000. Ukrainians account for 70 percent of foreigners who pay the premiums. Overall, 1 percent of social security premiums in Poland come from foreigners. By the en...

Trans Polonia revenues way up in October

According to a market filing, Trans Polonia’s total revenues in October hit PLN 17.08 million, as it continues its goal of expansion throughout western Europe. This represented a whopping increase when compared with October of 2015, when revenues stood at PLN 6.49 million. The Tczew-based company, w...

Exports increased by 5.8 percent in Q1- Q3 2016 – GUS

During the first three quarters of 2016, Poland increased its trade surplus by 1.2 percent, y/y, according the Central Statistical Office (GUS). Exports from Poland grew by  5.8 percent (PLN 586.32 billion), while imports rose by 3.9 percent to  PLN 568.37 billion. Of those exports, 27 percent went ...

Locked content Kruk looking for acquisitions

In an attempt to increase its share capital, the Polish company Kruk, which specialises in debt collection, is planning to acquire small and medium-sized companies over the next year.  “Kruk is building an organization in Western Europe of debt and liquidity management, and prefers to finance the pu...

Poland’s PMI drops sharply

The manager’s purchasing index (PMI), long-viewed as a harbinger of overall economic output in a region, was down by 2 percentage points in October compared to the previous month, according to research group Markit.  Although the rate remained above the threshold of declining activity, at 50.2, ther...

Locked content CCC sales increase year-on-year

One of Poland’s largest footwear retailers reported gains in revenues for the first three quarters of this year, in comparison to the same period last year, according to the company’s press release on Wednesday. “Revenues for the period January – October amounted to more than PLN 2.5 billion a...

Locked content Clothing giant LPP revenues sky rocket

LPP, the owner of the popular labels Reserved, Cropp and Mohito generated increased revenues in October. The growth was driven partly by increased internet sales, which grew by 180 percent year-on-year. Overall, consolidated revenues, which totalled PLN 614 million, increased by 24 percent during Oc...

Locked content Prospex cautionary on job prospects in new drilling project

The CEO of the energy company Prospex, which recently gained approval from Poland’s Ministry of the Environment to drill the Bolesław-1 well cautioned that the project itself would not result in many additional jobs. “A material gas discovery could attract more foreign E and P investment to Poland, ...