Locked content Report: 279 M&A transactions worth €11.2 bln in 2016

According to the Emerging Europe M&A Report 2016/17 compiled by DNB, there were 279 merger and acquisition transactions in Poland last year, worth €11.2 billion combined. “The biggest number of such transactions was in the real estate and construction sectors, as well as in production, services ...

Locked content Polish farmers with PLN 13 bln in direct payment from EU last year

Polish farmers received PLN 13 billion in direct payments last year under the EU Common Agriculture Policy program. That figure amounts for 88 percent of all funds allocated for that purpose, Polish agriculture ministry said. As many as 1.2 million farmers received the money, which is 89 percent of ...

Locked content Poland’s average electricity price falls in Q1

Poland’s volume-weighted average electricity price on the competitive market fell to PLN 164.78 per MWh in Q1 2017 from PLN 169.57 q/q and from PLN 169.13/MWh y/y, energy market regulator URE said. The price was calculated from the data submitted by power generation firms. The volume of survey...

Locked content Poland acknowledges Turkey referendum results

Polish foreign ministry released a statement in which it acknowledges the results of Sunday’s referendum in Turkey. “Turkey remains Poland’s strategic partner in NATO and in the broadly understood security architecture. We look forward to continuing developing the traditionally good bilateral ...

Locked content Road accidents claim 19 lives over Easter holiday weekend

Nineteen people died in 187 accidents on Polish roads during the Easter weekend from Saturday till Monday, police statistics showed. Furthermore, 261 people were injured and police apprehended 765 drunk drivers. The stats are better than the last year’s, when 29 people died in 173 accidents, w...

Locked content KUKE: Bankruptcies down in March

The number of bankruptcies in February totaled 42, a decrease of 30 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month term the figure remained unchanged. “If we assume a 3.7 percent GDP growth for this year, and the increase of net profit margin by...

Locked content Car insurance up by 45% in March

The third-party car insurance (OC) price has gone up by 45 percent in March y/y and stood at PLN 1,054 on average, according to the mfind.pl insurance comparison website. The biggest hike was in Warsaw, were insurance prices went up by 79 percent. The most expensive insurance was in Wrocław, were dr...

Locked content LPP enters Belarus

WSE-listed fashion retailer LPP opened its first shops in Belarus. The first LPP brands to have its outlets in Minsk Gallery include Reserved, Cropp and House, with the Reserved store having 2,000 sqm. LPP has franchised its brands to local partners – Rapa Group (Reserved) and TDM Import (Cropp, Hou...

Locked content Poland’s leasing market is worth PLN 15 bln in Q1

Poland’s leasing market grew by 12.7 percent y/y to PLN 15 billion in Q1, leasing industry lobby Związek Polskiego Lesingu (ZPL) said. Light vehicles (up to 3.5 metric tons) accounted for 44.6 percent of the market, followed by heavy vehicles with 28.2 percent share, while machinery and IT acc...

Locked content Macierewicz aide resigns in turmoil

Bartłomiej Misiewicz, an assistant to Poland’s defense minister resigned from the country’s ruling party last week, after Law and Justice (PiS) party commission, formed to investigate his issue said that he did not have sufficient training or experience required for high state jobs. Misi...