Locked content TFI assets down 4.1% m/m in December

The assets of Polish investment funds (TFIs) shrunk by 4.1 percent m/m in December to PLN 256.8 billion, according to Analizy Online and IZFiA. “Difficult market situation has affected investment results of funds with exposure to shares, which, combined with a negative sales balance, affected ...

Locked content Polish Meat Association: additives do not exceed norms

The use of additives in processed meat and some meat products is necessary but does not exceed the norms, head of the Polish Meat Association, Witold Choiński said.  At the beginning of January, the Supreme Audit Office indicated the lack of a single body responsible for the supervision of the food ...

Locked content UOKiK: number of inspections tripled in 2018

The number of inspections in companies suspected of breaking free competition rules grew threefold, head of the Office of Competition and Consumer Protection (UOKiK) Marek Niechciał told the Polish Press Agency. He underscored the role of external signals, coming from e.g. an anonymous informant who...

Locked content US will host conference on Middle East in Poland

The United States plans to organize in Poland an international conference devoted to peace and stability in the Middle East. The conference scheduled for February 13-14 will particularly focus on Iran’s influence in the region – US Secretary of State Mike Pompeo said in an interview with...

Locked content EP transport commission rejects new haulier’s law

The European Parliament Committee of Transport and Tourism (TRAN) rejected on Thursday proposals for road transport regulations, which are particularly unfavorable for Poland. Polish MEPs and Minister of Infrastructure Andrzej Adamczyk said they are satisfied with the vote. However, it does not fini...

Locked content Disney CEO earned record salary in 2018, missed bonus

Disney CEO Bob Iger had a record salary in his career in 2018 despite missing a special $60 million bonus. Iger’s record wage is related to special awards for his decision to extend the contract until 2021. The CEO’s salary in 2018 was one of the highest in the history of the company. In...

Locked content Katowice Airport handled 4.84 mln passengers in 2018

Katowice Airport transported nearly 4.84 million passengers in 2018, by 24.3 percent more than in 2017. Last year the airport had over 40,000 takeoffs and landings The most popular destinations were London, Dortmund, Eindhoven, Warsaw, and Frankfurt. The Upper Silesian Aviation Group (GTL) expects K...

Locked content Unified Factory expects net loss of PLN 2.76 mln in 2019

Software developer Unified Factory forecasts a net loss of PLN 2.76 million in 2019. The company plans to reach a net profit of PLN 332,000 in 2020 and of PLN 1.63 million by 2023. Consolidated EBITDA is expected to grow to PLN 5.1 million in 2023, revenue may reach PLN 23.3 million. Unified Factory...

Locked content 1.75 mln tourists visited “Wieliczka” Salt Mine in 2018

Nearly 1.75 million tourists visited “Wieliczka” Salt Mine in Kraków in 2018, the mine head Zbigniew Zarębski said. He added that about 60 percent of visitors were foreigners.  Most of them come from the UK, Germany, and Spain. Some visitors arrived from as far as Antigua and Barbuda, Ma...

Locked content Jakubas submits offer to buy Radio ZET

Polish investor Zbigniew Jakubas submitted an offer to buy Radio ZET from Czech Media Invest. “We made an offer yesterday [on Friday]. We expect the resolution next week,” Jakubas told money.pl. Radio ZET belongs to Eurozet media group, which also owns Antyradio, Meloradio, and Chillizet...