photo credit: Łódź, Sebastian Glapisnki
|

City news – Łódź, Poznań & Katowice

Polish regional cities are on the spotlight of investors, multinational companies, expats and tourists. Today our editorial team is taking a closer look at Łodź, Poznań and Katowice. Łódź with ideas to shape the future The City of Łódź Office and international consulting company Knight Frank have released a publication – “Łódź with an Idea…

Skiing in Poland, Kasprowy Wierch

Skiing in Poland

Poland has a lot to offer to ski lovers and surprisingly not only in the mountains. It has 504 kilometres of ski slopes and its resorts are served by 704 ski lifts. One of the largest ski resorts in Poland is the Szczyrk Mountain Resort and the highest is Kasprowy Wierch in Zakopane. There are…

Polish Deal and its impact on business activity

Polish Deal and its impact on business activity

The Polish Deal is probably the largest change of tax law in Poland since 1990. All companies with operations in Poland will be affected. The changes significantly affect several areas of taxation including Corporate Income Tax (CIT), Personal Income Tax (PIT), and Value Added Tax (VAT). Despite the government’s official narrative that the Polish New…

W. P. Carey Announces Acquisition of Seven Do-It-Yourself Retail Stores in Poland

W. P. Carey buys DIY retail stores in Poland from Supernova Group

W. P. Carey, has acquired seven DIY retail stores in Poland from the Austrian Supernova Group. The total acquisition totals approximately 70,000 square metres. The stores are triple-net leased to OBI for a term of 15 years with Eurozone CPI-based rent increases. W. P. Carey is a REIT specialising in corporate sale-leasebacks, build-to-suits and the…

Maciej Dyjas & Nebil Șenman, Managing Partners

Griffin Capital Partners highlights the strategic direction towards private equity

The largest privately-owned investment and asset manager in private equity and real estate in CEE, Griffin Real Estate has announced changing its name to Griffin Capital Partners. The name change is accompanied by a refreshed visual identity, underlining the strategic direction towards private equity that the company has already taken. The change also reflects and…

National Bank of Poland

Interest rates up

On 4 January 2022 the Monetary Policy Council decided to increase the NBP reference rate by 0.50 percentage points, i.e. to 2.25%. At the same time, the Council set the remaining NBP interest rates at the following levels: ▪ lombard rate at 2.75%; ▪ deposit rate at 1.75%; ▪ rediscount rate at 2.30%; ▪ discount…

Airport Gdańsk

Rising passenger traffic at Poland’s regional airports

Passenger traffic at Chopin Airport and Poland’s 13 regional airports from January to September 2021 hit almost 13 million, 191,000 more (+ 1.5%) compared to the same period of the previous year. In the analyzed period, the share of regional airports in total traffic handled was 60%. During the first nine months of this year,…

industrial production in Poland

Record increases in industrial production

In November, Polish industry increased production by 15.2% annually, Statistics Poland reported. Excluding readings from April and May – which were burdened with the low base effect from 2020 – the November reading is the highest for the entire year. According to Mariusz Zielonka, an economic expert at the Polish Confederation Lewiatan, this excellent result…