Luxury goods market will reach PLN 13.3 billion in 2016 – KPMG

The number of wealthy Poles will reach 878,000 at the end of 2014 and they will have spent PLN 12.6 billion on luxury goods throughout 2014, 15 percent more than last year, according to a recent report by KPMG. In 2016 the number of High Net Worth Individuals will exceed 1 million and the market wil...

Locked content Wine consumption to grow by 7%

Poles have taken a liking to the 6,000 year old alcoholic beverage. Wine consumption (including more expensive bottles) is growing and will continue to do so at a rate of 7 percent per year, according to a KPMG report. Andrzej Bernatek, chief of a consumer goods consulting group at KPMG, said, ̶...

Locked content Total investment in SEZs to reach PLN 100 bln – KPMG

The total investment volume in Poland’s special economic zones over the 20-year period of their existence could reach PLN 100 billion in 2014, and the number of employees – 287,000, a 7.7 percent increase over last year’s employment, according to a report by consultancy KPMG. “According to the estim...

Poles spent PLN 19.3 billion on beer in 2013 – KPMG

As many as 88 percent of adult Poles consumed beer in 2013, while 22.8 million people (73 percent of the adult population) drank the beverage regularly or at least several times during the year. In 2013, Poles purchased 3.82 billion liters of beer for a total of PLN 19.3 billion.

Locked content Banks will lend more to real estate industry – KPMG

Banks have become more optimistic about Polish real estate since last year, as now 80 percent expect that their own portfolio will increase over the next 12-18 months, compared to 40 percent that forecast an increase last year. Currently only 20 percent of banks expect that their portfolio will rema...