Locked content Retail sales in Poland up by 6.6% y/y in April

Seasonally adjusted retail sales in Poland increased by 6.6 percent y/y in April 2018, the EU statistical office Eurostat has informed. In monthly terms, retail sales in Poland increased by 0.3 percent. In the entire European Union, retail sales increased by 0.4 percent in monthly terms, while in an...

Locked content Sokołów finalizes Gzella takeover

The Sokołów Group has announced the finalization of its merger with Gzella, a producer of cold cuts from Bory Tucholskie. In March 2018, Sokołów obtained the consent of the Office of Competition and Consumer Protection for the acquisition. The production potential of the Gzella plant is over 6,000 m...

LOT signs cooperation agreement with Israeli EL AL

LOT Polish Airlines and EL AL Israeli have signed a memorandum that initiates cooperation between carriers in the field of sales, operations and training. The agreement is to lead to signing a code-share agreement and exploring other areas of potential partnership, to strengthen the relationship bet...

Echo sells shares in Echo Polska Properties for €20.82 mln

Echo Prime Assets, a subsidiary of Echo Investment, has received an offer and confirmed the terms of sale of 18.1 million shares in Echo Polska Properties (EPP) for €20.82 million, less transaction costs, the company has said. The expected date of settlement of the sale of shares is no later than Ju...

Locked content IKEA to open third Warsaw store in the second half of the year 

IKEA will open a new store in the Blue City shopping center in the second half of 2018, the company has announced. The third location in Warsaw will differ from the standard IKEA store. The new, smaller format store in the city center will be equipped with innovative product presentation solutions t...

Poland joins international supercomputer program

Poland has joined an international initiative which aims to create a European computer system of high computing power. The declaration was signed by the head of the Ministry of Science Jarosław Gowin and announced by the Ministry of Science and Higher Education.

Polish exports increase 9.3% y/y

Exports from Poland in April 2018 increased by 9.3 percent y/y, and dropped by 4.6 percent in monthly terms, said the chief economist of the Polish Chamber of Commerce Piotr Soroczyński in an analysis prepared on the basis of economic data and opinions of members of the Polish Chamber of Commerce. H...

Locked content 40% of Poles with negative opinion of country’s direction

Some 35 percent of Poles think that things are going in the right direction in Poland, while 40 percent believe the opposite and 25 percent of respondents had no opinion on this subject. This is according to a May study by Kantar Public, a consulting and research agency. In terms of the Polish econo...