Section: Warsaw Business Journal (Poland)
European Commission lowers Poland’s GDP forecast
European Commission revised GDP forecasts for Poland to 3.2 percent in 2017 (down from 3.4) and to 3.1 percent in 2018 (down from 3.2 percent). “The economy is expected to gather momentum in 2017 and 2018 as investment gradually recovers from a substantial contraction in 2016. Private consumption is set to remain the main growth driver, and the...
Integer withdraws from several parcel locker markets
WSE-listed postal operator Integer has announced that it will withdraw from its parcel locker operations in Malaysia and Ukraine. Furthermore it will close its operations in Spain, Norway and Brazil. “The cost of terminating activity in those countries will cost about PLN 5.5-6 million,” the company said in a market filing. The parcel lockers...
Wizz Air to introduce non-stop service from Silesia to Lviv
Budget airline Wizz Air will soon begin offering direct flights from the largest city in Poland’s Lower Silesia region, Wrocław, to the western Ukrainian hub of Lviv, the president of Wrocław’s International Airport said at a press conference on Wednesday. “Air travel will only take [approximately] half-an-hour and the trip [will be]...
Gaz-System and Ukrtransgaz sign gas link deal
Poland’s Gaz-System has signed an agreement with Ukraine’s Ukrtransgas to build a gas link which will increase export capacity to Ukraine to 5 billion cubic meters by 2020, from the current 1.5 billion cubic meters. The link wI’ll connect the Hermanowice gas node on the Polish side and Bilche Volytsia on the Ukrainian side. “The...
Over 170k Ukrainians pay ZUS premiums
The number of Ukrainian nationals who pay Polish social security (ZUS) premiums has risen by 70 percent in the last year and reached 172,000. Ukrainians account for 70 percent of foreigners who pay the premiums. Overall, 1 percent of social security premiums in Poland come from foreigners. By the end of August this year, 938,000… This content is...
Welcome 25 best hotels of 8 European countries in 2016
On December 5, 2016 in InterContinental Kyiv Hotel the first ceremony of International Hospitality Awards® 2016 was held. The nominees of International Hospitality Awards® in 2016 were the hotels from 8 countries: Ukraine, Poland, Slovakia, Hungary, Moldova, Romania, Bulgaria, Georgia. This choice has been made due to the active development of...
Ukrainian president in Warsaw to meet President Duda
Ukrainian president Petro Poroshenko and Polish president Andrzej Duda met on Friday in Warsaw. They discussed their mutual concerns regarding the OPAL pipeline, the Polish press reported. The two stated their disappointment with the EU Commission’s recent decision to approve the pipeline, which they say allows for more Russian natural gas...
They weren’t scare to be challenged!
We are glad to inform that International Hospitality Awards is about to announce winners soon! On December 5, 2016 the first International Hospitality Awards® will be held in Ukraine at the InterContinental Kyiv Hotel. The event will bring together participants from 8 countries and honor the best hotels in 25 nominations. This year hotels` grades...
Esotiq & Henderson planning further expansion in Poland
One of Poland’s largest suppliers of cosmetics and luxury undergarments, Esotiq & Henderson, will continue its rapid expansion of outlets, both in Poland and abroad, according to a company press release on Thursday. In addition to opening between 52 and 58 new stores in Poland under its Esotiq and Femestage brands, it will open an...
Bikershop expanding abroad
Bikershop, the fledgling Polish distributor of sports equipment, announced on Wednesday that it plans to expand its operations to Ukraine and Czechia in the coming year. The company’s CEO stated that the moves would take place in spite of halting expansion in Poland. “Last year, we opened two new stores, and (this year), one new… This...
