Government accepts project to raise minimum wage to PLN 2,250

The Council of Ministers has adopted a regulation on the minimum wage and minimum hourly rate for 2019, under which the minimum remuneration for work will amount to PLN 2,250 (in 2018 it is PLN 2,100, which means an increase of 7.1 percent), the Government Information Center (CIR) reported.

Solar revenues up to PLN 11.7 mln in August

Womenswear retailer Solar achieved consolidated non-audited sales revenues of PLN 11.7 million in August this year, the company said. Earlier, the company reported that in August 2017 its consolidated revenues amounted to PLN 11.5 million.

Rawlplug to purchase up to 2.73 mln of own shares

Shareholders of Rawlplug have decided to purchase up to 2.73 million of the company’s own shares for redemption or further resale, the company said in a statement. Reserve capital for the purchase of shares was increased to PLN 30 million from the earlier amount of PLN 21.6 million.

EBRD to grant Modern-Expo Group $15 mln development loan

The European Bank for Reconstruction and Development (EBRD) will grant Modern-Expo Group a $15 million investment loan for automation and robotization of production in plants in Belarus and Ukraine, as well as support for its innovation center, the company said.

Locked content Equitin acquires 60% of KIDS & Co

Equitin Partners has signed a contract to take over 60 percent of shares in KIDS & Co. – a company that manages a network of bilingual kindergartens and crèches in Poland, the company said. Together with the founder and the management team, Equitin intends to accelerate the company’s...