Best Western hotel opens in Rzeszów

Hospitality company Best Western Hotels & Resorts has opened a new hotel in Rzeszów in south-eastern Poland. The city’s Principe hotel now operates under the upscale Best Western Premier brand. Managed by Niza Travel, it offers 27 rooms, a restaurant and conference and event space. There are cur...

GalCap Europe enters Poland, buys Warsaw office assets

Investor GalCap Europe has bought two historic boutique office buildings in downtown Warsaw – Wilcza 46 and Mokotowska 33/35 – from Amhola with the value of the transaction remaining confidential. The deal marks the company’s first acquisition in the Polish market. Savills, Linklaters, Crido and DIL...

Play and T-Mobile Polska with roaming deal until end-2021

Telecom operators Play and T-Mobile Polska have signed an annex to the domestic roaming agreement, which changes the terms of cooperation in 2019-2021 – Play said in a press release. The new terms are to reduce the annual roaming costs on the Play side, but at the same time extend the contract...

Locked content Movie Games plans debut before Christmas

Movie Games plans to debut on NewConnect before Christmas, the company said in a statement. The video game producer is preparing over 10 games for 2019. Seven games are to have their premiere in Q1. Movie Games was founded in 2016 and employs about 80 people who work on more than ten productions – f...

Poles spend 44% of their budget for gifts online

This year an average Pole plans to spend PLN 532 for Christmas presents. Out of this amount, 44 percent (PLN 236) will be spent online, according to Deloitte research. This is the third highest percentage in Europe – after the UK and Germany, who are the leaders in online purchases. Poland is ...

Locked content International coal indices decline in November – ARP

International coal indices, indicating the prices both in the area of Asia-Pacific and Atlantic market showed a systematic decline in November, the analysis of the Industrial Development Agency (ARP) showed. November was the first month this year showing a clear downward trend. “It is highly l...

Locked content Murapol plans to debut on WSE in H2 2019

Developer Murapol plans to debut on the main market of the Warsaw Stock Exchange (WSE) in the second half of 2019, the company said in the presentation. On Tuesday Murapol approved the strategy for 2019-2021+. The developer named strengthening the position on financial markets (e.g. by issuing share...

Locked content Airlines net profit seen to grow by 10% in 2019

In 2019 global airline industry net profit may reach $35.5 billion, nearly 10 percent more than this year, according to the International Air Transport Association (IATA) forecast. Overall industry revenue is seen at $885 billion next year, 7.7 percent more compared to 2018. Average net profit per d...

New Work planning further expansion in Poland

Hungarian serviced offices operator New Work Offices plans to open twelve new locations across Poland by the end of next year. In Q1 2019 alone, the company will open three locations in Warsaw – at the Mazowiecka 2/4 (2,100 sqm), Neopark (2,200 sqm) and Kaleńska 5 Business Center (1,600 sqm) buildin...

Locked content December is the hardest month for Polish home budgets

Christmas and New Year’s Eve celebration make December the most difficult month for Polish home budgets, according to the BIG InfoMonitor research. 62 percent of survey participants named the last month of the year the hardest financially, indicating problems with paying bills, rents or credit...