Deloitte took a deeper loot into the state and prospects for the fintech industry in the Central and Eastern Europe. The recently released CEE FinTech Report estimates the market value at 2.2 billion EUR, out of which 40 percent, i.e. 856 million EUR, is the market in Poland. The British company analysed nine national markets:…
The fourth quarter of the year has always been good for retailers. Christmas period is the time for which almost everyone is planning some heavy spending on food and presents. End of the year is also the time for Black Friday, Cyber Monday, and pre-Christmas sales and discounts. 2016 is going to be no different….
LOT Polish Airlines announced it intends to forge a cooperation with its Estonian counterpart, Nordica. Polish national airline will take up 49 percent of shares in Nordica’s subsidiary – Regional Jet. Both companies count on fruitful cooperation and synergy befits. In recent months, Poland’s flag carrier has been rapidly expanding its flight network. This year,…
Gaming fans in Poland cannot be more excited. 13th of October marks the start of the one of the biggest gaming events in the country. Warsaw Games Week, with a new titular sponsor in the form of a mobile operator, T-Mobile Polska SA, is to attract thousands of visitors. The event will last four days,…
Not long ago Polish airline LOT we at the verge of calamity, hectically searching for an investor who would come and save them. The company’s financial result indicated a loss running in millions of PLN. LOT certainly had much to worry about. The company needed to undergo some substantial restructuring and used some government support….
Polish media report that Alibaba Group, an Asian e-commerce giant, has plans to enter the Polish market in 2017. The news come from Alibaba Group’s Li Zhang, who shared it at the recently ended IFA exhibition in Berlin. AliExpress, the group’s flagship online retail platform, is already gaining some popularity among Polish internet users. It…
A draft bill introducing a ban on trade on Sundays was submitted to the Sejm, the lower chamber of Polish parliament, on Friday. The initiative is strongly supported by labour unions and the Catholic Church. In Poland stores stay closed on several bank holidays. These include the Independence Day, two days of Christmas, Labour Day,…
Zalando, a German e-shopping giant, announced its plans to build a distribution centre in Poland. The facility is to be located in Gryfino and service Poland as well as Scandinavian countries and to some extend Germany. The investment is expected to close at approximately 150 million EUR, although initially Polish media mentioned the amount of…
The much anticipated by the government (less so by store owners) retail tax bill has finally reached the end of its legislative path. Last week, the final step was taken by the President of Poland Andrzej Duda who placed his signature on the act introducing the new levy. The lawmakers were working on the so-called…
It has been recently reported that Poland is going to start a project of building a wind farm on the Baltic Sea. The farm will be located 23 kilometres off Polish seashore, in the Pomeranian voivodship. The project is called “Middle Baltic III”. In the country upon the Vistula river wind turbines are nothing out…
