Locked content Consumer bankruptcies hit record high in Poland

Declaring bankruptcy is becoming increasing popular among Poles. This year nearly 3,000 people did so, which is twice as many as in 2015, the daily Gazeta Wyborcza reports. Data from the Judicial and Economic Monitor, where court decisions on bankruptcies are published, clearly indicates that indebt...

Locked content Fiat to invest over PLN 1 bln in Bielsko-Biała – Rzeczpospolita...

Fiat Powertrains Technologies will invest over PLN 1 billion on the production of innovative engines at the Fiat plant in Bielsko-Biała, the daily Rzeczpospolita reports on the basis of unofficial information. “Company representatives did not want to comment on our information. However, the Ministry...

Regional office market in Poland on the rise

The regional office market in Poland has been showing clear signs of dynamism this year, according to Walter Herz analysts. Over 900,000 sqm of modern office space is under construction in the eight largest regional metropolitan areas, which is more than Warsaw with over 600,000 sqm. The demand for ...

Locked content Tusk: CETA free trade deal could be last for EU

The CETA free trade deal with Canada could be the last for the EU, the bloc’s President Donald Tusk said. Trade will be a major issue at the two-day EU summit in Brussels. “CETA could be our last free trade agreement, if we are not able to convince people that we negotiate to protect theirR...

Locked content Altus TFI to buy LifeTube

Altus TFI is buying a controlling stake in LifeTube, LifeTube announced in a press release. Details of the transaction were not disclosed. LifeTube is a multi-channel network belonging to YouTube. It operates in the CEE region, and has over 30 million subscribers and 225 million views per month. Alt...

Locked content Morawiecki: A new tax on retail trade is being prepared

The government is preparing a new solution for the retail sales tax. If this is rejected by the European Commission, like the previous version, it will implement the French or Spanish solution, Deputy Prime Minister and Minister of Finance Mateusz Morawiecki informed. “We plan to propose a new tax, ...

Locked content 3.78 mln children receiving 500 plus benefits: Rafalska

The Minister of Family, Labor, and Social Policy Elżbieta Rafalska has informed that 3.78 million children are receiving the 500 plus supplement, and that after six full months PLN 11.3 billion has been transferred to families. During Thursday’s Sejm debate on the Family 500 plus program, Rafa...

Apartment sales grow 10.3% in Q3

Sales of apartments by residential developers listed on the WSE grew 10.3 percent in Q3 of 2016, from 4,110 to 4,533 units. The top three developers in this category each sold over 700 apartments.

Locked content Car rental by the minute gaining momentum in Poland

Taxi drivers are facing the growth of yet another competitor: carsharing, or car rental by the minute. Eight million people around the world already use this service, and now it is entering Poland with full force, according to the daily Dziennik Gazeta Prawna. Carsharing is a counterpart of Warsaw&#...