Locked content Lotos to build infrastructure for hydrogen cars

Lotos has begun a project to build infrastructure for hydrogen-powered cars. At the COP24 summit, the company signed a contract for co-financing of a project that will provide for the construction of a hydrogen recovery installation at the refinery and two refueling stations for cars. The value of t...

Locked content Allegro acquires eBilet Polska

Allegro has entered into an investment agreement with eBilet Polska, the owner of the eBilet.pl sales platform. Under the agreement, Allegro will offer tickets for concerts and other entertainment, cultural and sports events, and eBilet.pl users will be able to use the Allegro Smart! offer. Although...

Locked content Totalizator Sportowy enters e-commerce market 

Totalizator Sportowy has started selling LOTTO products via the internet and launched the only legal and secure online casino in Poland, the president of Totalizator Sportowy, Olgierd Cieślik, said on Wednesday. From December 5, 2018, players from Poland can play Lotto, Lotto Plus, Mini Lotto or Eur...

Locked content UOKiK initiates proceedings against Yamaha Music Europe 

The Office of Competition and Consumer Protection (UOKiK) suspects that Yamaha Music Europe has prohibited the sale of music equipment with online sellers in an unlawful manner, and the office has subsequently initiated proceedings against the company, it was announced on Wednesday. “We have c...

Locked content Possible changes to 500+ program in 2019

The Law and Justice party (PiS) may make changes to one of its flagship social programs. The issue of increasing the government subsidy for families will be resolved before the autumn local elections. According to reports in the media, PiS plans to change its flagship 500+ program, which is a benefi...

Fitch raises Poland’s GDP growth forecasts

Fitch rating agency has raised the forecast of Poland’s GDP dynamics in 2018 to 5.1 percent from 4.8 percent, and to 3.8 percent from 3.6 percent in 2019, according to results from the latest macroeconomic forecasts of the Fitch agency. In 2020, Fitch expects a slowdown in economic growth in P...

Locked content Retail sales in Poland up by 4.8% y/y in October

Seasonal adjusted retail sales in Poland increased by 4.8 percent y/y in October 2018, the EU statistical office Eurostat has reported. In monthly terms, retail sales in Poland increased by 0.2 percent. In the whole European Union, retail sales fell by 0.1 percent on a monthly basis, while in annual...

Locked content KNF agrees to Hellman & Friedman and Nets Denmark’s acquisi...

The Polish Financial Supervision Authority (KNF) has found no grounds to object to the planned indirect acquisition by Hellman & Friedman Corporate Investors VIII Ltd. and Nets Denmark A/S of 100 percent of the shares in eCard SA and Dotpay. eCard operates in the field of providing enterprises w...