Locked content Swedes open R&D center in Kraków

Swedish company Assa Abloy is launching an R&D center in Kraków and is planning to hire 60 specialists, the company informed. Joanna Skalniok, the company’s marketing director, said that the move is part of a development policy. “The company’s ambition is to be the most innovat...

Locked content FinMin: GDP growth at 3.5% at the end of year

Finance Minister Paweł Szałamacha assesses that the GDP growth rate would stand at 3.5 percent at the end of the year. The economy grew by 3.1 percent in Q2, according to the statistical office. In Q1, the value stood at 3 percent y/y. According to a draft budget bill, GDP growth would stand at 3.4&...

Locked content Polwax to run PLN 124 mln investment

The board management of Polwax has decided to give the go ahead for a solvent deoiling unit investment worth PLN 124 million. The project will be completed in December 2019. The facility will be located in Czechowice-Dziedzice and its construction will be financed from the company’s own means ...

Locked content CBA enters state-owned companies

The Central Anti-Corruption Bureau (CBA) has entered the headquarters  and has started control procedures at companies owned by the State Treasury and all of its subsidiaries: fuel groups PKN Orlen, Lotos, copper group KGHM Polska Miedź, chemical producer Azoty Group and Polish Armaments Group ̵...

Locked content Colliers summarizes retail market in Łódź

The inhabitants of the Łódz Agglomeration have 555,000 sqm GLA of modern shopping area spread in 16 retail schemes at their disposal. The density ratio is 568 sqm per 1,000 inhabitants. This means that one shopping center serves on average 61,250 clients. The purchasing power per one sqm of shopping...

Locked content Vivid Games to debut on WSE

Polish game developer Vivid Games is moving from the NewConnect alternative market to the main floor of the Warsaw Stock Exchange on September 30, the firm informed in a press release. Vivid Games is Poland’s largest mobile games developer. It was founded in 2006 in Bydgoszcz. Its most famous ...

Locked content Whisky imports grew 60% in last 4 years

Imports of whisky in 70 cl bottles to Poland have grown by 60 percent in the last four years, according to a report by the Scotch Whisky Association (SWA). Poland ranks 14th in terms of the biggest whisky importers in the world. The top three places are taken by France, the US and India. The value&#...

Locked content Gov’t gives go ahead for one tax rate project

The decision to merge social security contributions (ZUS), health insurance (NFZ) and income tax (PIT) into one rate as of 2018 has been made, said Henryk Kowalczyk, chairman of the Government Standing Committee. New tax rates will be known in three-four weeks, Kowalczyk said. The move is aimed to l...

Locked content Four PLN 250 mln investments in Katowicka SEZS

As a result of proceedings ongoing since mid-July, four companies will invest PLN 250 million in the Katowicka Special Economic Zone, creating 170 workplaces, the zone said. A large chunk of the figure constitutes the investment by German packaging producer Eurobox who will spend PLN 170 million on ...