Locked content Discount stores are Poland’s leading wine sellers

This year it is estimated that the Polish wine market will revive slightly. In 2015 Poles will spend PLN 2,2 billion on wine, which is a four percent increase as compared to last year. The majority of this profit will go to discount shops such as Biedronka and Lidl, whereas other wine sellers will n...

Locked content InPost and Allegro developing new courier service

InPost Express and Allegro are working on a new form of online product delivery service, called ‘Allegro Kurier InPost’, the chairman of InPost Sebastian Anioł informed. According toAnioł, “the decision to launch the courier results from the high level of client satisfaction of the...

Locked content PLN 92 million loan to build hospital in Żywiec

A consortium of banks has lent Upper Finance Med Consulting PLN 92 million to build and equip a hospital in Żywiec, which is realized by InterHealth Canada. Th loan of PLN 92 million, with the possibility to increase it up to PLN 135 million has been provided by a consortium of the following banks: ...

Locked content Bank Pocztowy may postpone IPO

Polish bank Bank Pocztowy has identified another quick means of recapitalisation. If the plan is successful, the bank will postpone the Initial Public Offering (IPO). The fund managers declared a willingness to buy at a price lower than the book value, which is around PLN 650 million. Then Pocztowy ...

Locked content BGK: first social housing expected in 2017

Polish state-owned bank, Bank Gospodarstwa Krajowego (BGK) is willing to give a loan of PLN 4,5 million for social housing in the next ten years. The housing will be built by the Polish Association for social building (TBS), housing cooperatives and communal companies. According to the director of t...

Locked content 7% of Poles to emigrate in next 2 years

This year’s edition of the Social Diagnosis, which is conducted every two years, showed that  in the next two years seven percent of Poles plan to emigrate in search of work. The most appealing destinations are Germany and the UK. This percentage is similar to previous years. Past studies disp...

Locked content Poles spending more on luxury

Never before have Poles had so much money to spend on leisure activities. Due to this, most profit can be seen by firms offering premium services such as restaurants, spas, hotels or the entertainment industry. According to analysis by PwC, the average adult working person has PLN 4,4 available to s...

Locked content Immofinanz’s profit up to €126,2 mln

Immofinanz made a net profit of  €126,2 million in the first quarter of the financial year 2015/2016 in comparison to a €6 million loss the year before. Income from rent increased from €91,4 million to  €117,6 million in 2014/2015, whereas income from management equalled  €59,6 million and  €95,4 mi...

Locked content Ryanair announces new routes from Modlin airport

Irish airline Ryanair will offer passengers several new destinations from Modlin airport in Warsaw. Cologne, Goteborg and Malaga will be added to Ryanair’s routes in summer 2016, increasing their number to 34. Juliusz Komorek from Ryanair informed that “Chopin airport has served nearly 1...