Locked content Professional cleaning services market worth PLN 5.4 billion – PIGC

According to Polish Cleaning Chamber of Commerce (PIGC) the professional cleaning services market was worth PLN 5.4 billion last year, compared to PLN 4.5 billion in 2015. “With some 3,500 companies operating in the sector, the competitiveness requires seeking new methods to improve the quality, whi...

Locked content PIU: Number of Poles with private health insurance way up in Q3

The number of people in Poland in Q3 with a private health insurance rose by 28 percent, y/y, according to the Polish Insurance Association (PIU). As many as 1.76 million Poles had such insurance, the value of the premiums stood at PLN 399.1 million, compared to PLN 356.2 million in year-on-year ter...

Locked content Lowering the retirement age will cost 0.4-0.9% GDP per year EC

According to the European Commission, the cost of lowering the retirement age in Poland will cost between 0.4-0.9 percent of GDP per year till 2050. The EC claims such burden will hurt public finances. It suggests that the negative effect could be balanced out by incentives which would encourage Pol...

Locked content Biedronka with €10 billion sales in 2016

Portuguese Jeronimo Martins, operator of grocery chain Biedronka released preliminary financial results of its Polish operations. Biedronka’s EBITDA stood at €707 million (10.3 percent increase year-on-year), while like-for-like sales rose 9.5 percent. Total sales increased by 6.3 percent year...

Locked content Polish loan stock slightly fluctuates in January – NBP

The Polish banking system’s portfolio of consumer loans grew by 0.2 percent month-to-month or PLN 272 million in January to PLN 164.75 billion, data from the Poland’s Central Bank (NBP) showed. The corporate loan stock also went up, by 0.8 percent m/m, to PLN 297.82 billion, while the ho...

Locked content Rafako profits plummet

WSE-listed industrial machinery producer Rafako profits for 2016 took a huge dive. It stood at PLN 11.3 million, down by 67 percent year-on-year, while revenues went up by 20 percent to PLN 1.86 billion, the company said in a preliminary financial report. The drop results from corrections in the val...

Locked content Orbis profits on the rise

WSE-listed hotel operator Orbis had PLN 207.13 million consolidated net profit in 2016, compared to PLN 181.55 million in 2015, company said in a market filing. Consolidated sales revenue stood at PLN 1.38 billion vs. PLN 1.26 billion the year before. The company plans PLN 15-170 million CAPEX for t...

Locked content Nearly all Poles eat doughnuts on Fat Thursday

As many as 95 percent of Poles will eat doughnuts on Fat Thursday (Tłusty czwartek) according to a report released by GfK.  Some 20 percent will eat only one doughnut, 38 percent – two, while 37 percent will consume three or more. Outside of Fat Thursday, 15 percent of Poles consume pastries 2-3 tim...