The National Bank of Poland (NBP) presented its quarterly report on payment cards in Poland. The number of cards on the Polish market has been steadily growing since 3Q2015. In the third quarter of 2016 there were 36.3 million of bank cards, 27.9 million of which were debit cards. The number of credit cards also…
China is launching direct trading pairs of yuan and seven foreign currencies, including zloty, Bloomberg informs. A statement from Chinese financial market regulator says: “In order to promote bilateral trading and investment between China and Poland, facilitate the use of renminbi and zloty in cross-border trading and investment settlements and meet the needs of economic…
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…
