Locked content Luxury car registrations hit record high in 2014

The number of higher class car registrations was record high in 2014, according to the report Luxury Goods Market in Poland, issued by consulting firm KPMG. As many as 31,500 cars were registered in the premium car segment and 94 in the luxury car segment, an increase of 28 percent and 52 percent ye...

Locked content Polish automotive production up by 3.6% in 2014 y/y

The value of sold production in the Polish automotive sector rose by 3.6 percent in 2014 year-on-year and stood at PLN 113.1 billion, according to a report prepared by the Polish Automotive Industry Association and consultancy KPMG. In real terms, i.e. including rising production costs, sold automot...

Locked content KPMG: new luxury goods market report

Luxury apparel market will expand to PLN 3.2 million through 2017 and the amount of wealthy Poles will exceed to 1 million in 2016, KPMG predicted in the latest Luxury goods market in Poland report. The luxury apparel market will grow by 13 percent over the next three years and will continue to be t...

Locked content KPMG: Family-operated companies doing well

According to KPMG researchers, 57 percent of Polish family-operated firms (70 pct of European family-operated firms) evaluate their firm’s standing as good or very good. The greatest challenge for firms is the labor market and tax burdens. Only 13 percent of Polish family-run companies have trouble ...

Locked content Polish banks expect growth in 2015 – KPMG

Polish bank managers are the most optimistic in the CEE, according to the latest report by consultancy KPMG – Banking Executive Survey 2014, 57 percent of them expect the profit and revenue of the sector to rise in 2015. Almost 90 percent of the responders considers expanding product developme...

Poles to spend PLN 30 bln during winter season

Poles will spend PLN 29.9 billion on Christmas, New Year’s Eve and on vacation during the winter break, some 7 percent more than in the 2013/2014 season, according to consultancy KPMG. The sum corresponds to an average spending of PLN 1,031 per household, versus PLN 979 last year.

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...