Locked content Valentine’s Day consumption growing in popularity

According to a study by Ceneo.pl e-commerce website, Poles continue to spend more money on Valentine’s Day gifts and gadgets. This includes a 20 percent increase in e-commerce store turnover during this time. From survey participants, 55 percent say that they celebrate the occassion. According...

Locked content Baltic Sea investment still on for oil giant

Lotos CEO Paweł Olechnowicz assured that the oil company would go through with its B4 and B6 Baltic Sea upstream investments as well as the EFRA coking project. These projects will be profitable even at current oil prices, Olechnowicz underscored. EFRA is a coking, hydrogen production and gasoline r...

Locked content Miners’ protest at JSW gets physical

The Jastrzębska Spółka Węglowa miners’ strike and related negotiations have sparked a physical altercation between police and miners. Rubber bullets and a water cannon were used by law enforcement to block the entrance to the company headquarters. About a dozen people suffered injuries. The mi...

Gasoline prices going up

Łódź brokers Reflex have seen a slight increase in the price of unleaded 95 gasoline. They are predicting the prices to rise in the next week.

Locked content Sit-down organized at TK Telekom

Railway telecommunications company TK Telekom has been restructuring its workforce in anticipation of its sale from PKP SA. NSZZ “Solidarność” press secretary Marek Lewandowski informed that employees have been intimidated into voluntary resignations. “We believe that the voluntary...

Locked content Geberit receives green light for Sanitec acquisition

The Swiss sanitary system and parts company Geberit is on its way to take over Scandinavian Sanitec. UOKiK, The Office of Competition and Consumer Protection has given permission for the acquisition, claiming that it would not hurt competition in Poland. The two companies’ market share in Pola...

Locked content Regulation for imported timber signed into law

The government has signed legislation that will make illegal import of wood more difficult. Wood and wood products will require a number of permits before entering the European Community. Unless a product from partner states carries the FLEGT (Forest Law Enforcement, Governance and Trade) certificat...

Locked content KPMG: Family-operated companies doing well

According to KPMG researchers, 57 percent of Polish family-operated firms (70 pct of European family-operated firms) evaluate their firm’s standing as good or very good. The greatest challenge for firms is the labor market and tax burdens. Only 13 percent of Polish family-run companies have trouble ...