PLN 2-4 billion will have to be allocated by packaging companies to adapt to regulatory changes related to promoting the circular economy, analysts Santander Bank Polska and SpotData estimate. According to the report they prepared, the total development of the industry until 2025 will require investments at a level of approx. PLN 20-25 billion... The packaging sector invests much more than most... Read more »
MLEKOVITA generated over PLN 5 billion in revenue in 2019 – this is another record and historic result in the company’s over 90-year history. Consequently, MLEKOVITA strengthened its unquestioned position in the industry. Record revenues cannot be only credited to market observations and response to its needs. Mainly, it is the daily work of 5,000 qualified employees at over 180 production... Read more »
The Wawel brand’s product portfolio has expanded with its new addition of chocolate coated jellies that come in two delicious flavours: raspberry and orange. Both novelties come in a round pastille form, covered with a delicate Wawel dessert chocolate that melts in the mouth. The orange jellies are distinguished by their unique, refreshing taste of juicy orange fruit. On the other hand, the... Read more »
Over the first three quarters of 2019, food exports1 amounted to EUR 12235.0 million, higher by 9.1% in comparison with the analogous period of the previous year. Growth in sales was recorded for all categories. Germany remained the greatest recipient of commodities, with the United Kingdom and the Netherlands maintaining the next positions. Read more »
The entrepreneurs and institutions of the Polish agri-food sector have come to the end of another hardworking and fruitful year. We don’t yet have the full export data for 2019, but the data for the period from January to October 2019 show that the value of Polish agri-food exports amounted to 26.1 million euros, representing a growth of 6% compared to the same period in 2018. Read more »
Since Poland’s entry to the European Union, each year has seen an increase in the value of Polish agri-food exports. Since then, Polish agri-food exports have increased more than fivefold – from 5.2 billion euros in 2004 to 29.7 billion euros in 2018. Polish food is finding customers all over the world. Read more »
Effective January 1, 2020, Marco Swoboda (48), Corporate Senior Vice President Finance, will become new Chief Financial Officer of Henkel. He will succeed Carsten Knobel (50) who will take over the position as CEO effective January 1, 2020. Read more »
A Deloitte report published today and commissioned by Uber, has found third party platforms are enabling restaurants in London, Madrid, Paris and Warsaw to increase sales, turnover and profits. Read more »
Last year, most wine was brought to Poland from Italy, Spain and Bulgaria (according to the data of the Institute of Agricultural and Food Economics on the import of alcohol products*). As explained by distributors associated in the Association of Employers – the Polish Wine Council, the Poles appreciate the taste of these spirits and their favourable prices. One cannot disregard the fact... Read more »
• Eurocash Group’s revenue in the third quarter of 2019 reached PLN 6.67 billion, which is 7% more than in the same period of the previous year, driven by both strong organic growth in the wholesale segment and continued sales growth in the retail segment. EBITDA reached PLN 219 million, of which approximately PLN 90 million is due to having implemented IFRS 16, in effect from the beginning... Read more »
In the first three quarters of 2019 Dino Polska S.A., a Polish grocery store network, generated a top line of PLN 5.5 billion with LFL sales growth of 11.4%. The company earmarked PLN 629 million for capital expenditures from January to the end of September 2019, signifying 33% growth in comparison with the corresponding period of 2018. During this same period the store network expanded by 138... Read more »
Coca-Cola has published data concerning its socio-economic impact in Poland in the sustainable development report for 2018. The data show the results of the Coca-Cola company system in Poland, as well as the directions of further development of the portfolio and business. They also show the effects of programmes implemented by the companies, helping the resolution of environmental and social... Read more »
LOT Polish Airlines have been cooperating with the Colian company since 2015. That year, such products as Śliwka Nałęczowska plum in chocolate and Krówki Mleczne Solidarności fudge were introduced on board of state-of-the-art Boeing 787 Dreamliner aircrafts, as a part of a special treat in business class during long-distance flights, and have been well-received by the passengers.... Read more »
The Polish-African Chamber of Commerce and Industry granted the prestigious “Polish-African Business Achievement Award” to Dr. Adam Mokrysz, the President of the Mokate Group. The winners include leaders of the largest Polish companies operating in Africa, as well as representatives of African business. The awards were granted on 11 June, during the Polish-African Forum held in Warsaw. Read more »
The financial results of MLEKOVITA clearly indicate breaking another record in the obtained revenues, which, in the perspective of the entire year, heralds the best result in more than 90 years of the company’s history. A fundamental step towards the reinforcement of the position of the industry leader creating a modern model of dairy business is the largest investment in the history of... Read more »
The Majonez Kielecki brand of mayonnaise has been distinguished with another prestigious award, received on the basis of tests carried out by professionals. The Superior Taste Award, granted by the International Taste Institute, is received by brands based on palatability tests performed by more than 200 qualified chefs and sommeliers. Majonez Kielecki has received an overall rating of as much... Read more »
A new report by Skanska, Colliers International and global law firm Dentons has revealed that the volume of Asian capital (originated from Singapore, the Philippines, China, South Korea and Malaysia), invested directly in CEE since 2013 has reached €7.7 billion, compared to € 8.6 billion inflow of German capital. The annual joint CEE Investment Report “Thriving Metropolitan Cities” is... Read more »
The delegation gathered 96 Egyptian export companies which covered a total of 1.260m2 divided in four different areas: the country pavilion and the halls for frozen foods, beverages and dairy products. A record participation that the Egyptian authorities consider was very successful. Read more »
Leading global commercial real estate services and investment management firm, Colliers International announced that Kevin Turpin has been appointed as the new Regional Director of Research for Central and Eastern Europe. He started his new position on the 01 October and is based in Prague. Read more »
We are today announcing that Dave Lewis has decided to step down as Group CEO of Tesco. He will leave the business next year and will be succeeded by Ken Murphy. Read more »
Unilever announced today that its factories, offices, R&D facilities, data centres, warehouses and distribution centres across five continents are now powered by 100% renewable grid electricity. Read more »
The shopping centre market in the largest Polish agglomerations is mature and well developed. Approximately 10 million consumers with an annual purchasing power of nearly PLN 410 billion have a large choice of locations, range of goods and services and shopping centre format. At the end of June 2019, in the eight largest urban centres there were 215 shopping centres with a total leasable area... Read more »
Nestlé today announced its ambition to achieve zero net greenhouse gas emissions by 2050. It embraces the most ambitious aim of the Paris Agreement, to limit global temperature rise to 1.5°C. Ahead of the U.N. Secretary-General’s Climate Action Summit this month, Nestlé will sign the ‘Business Ambition for 1.5°C’ pledge. Read more »
Leading global commercial real estate services and investment management firm, Colliers International announced the appointment of Andy Hay as its new Head of EMEA Real Estate Management Services (REMS). In this new role, Andy will focus on driving the continued growth and success of the firm’s REMS division; improving client experience, developing relationships and optimising its EMEA... Read more »
The Polish warehouse market is experiencing an upward trend, with both supply and demand at a high, stable level. In the first half of 2019, developers delivered nearly 1.1 million sq m of new warehouse space, which took the total stock in Poland to over 17 million sq m. Read more »
Eurocash Group’s revenue in the second quarter of 2019 reached PLN 6.44 billion, nearly 12% higher than in the same period of 2018. In the entire first half of 2019, consolidated revenue amounted to PLN 11.92 billion, up by 11% y/y. Read more »
Commercial land prices have been stable over the first half of 2019, while prices for residential sites continue their rising trend at a slowed pace. Read more »
In the second quarter of 2019, Henkel was affected by an increasingly difficult market environment. Sales were nominally and organically almost on prior-year level. The adjusted EBIT margin, adjusted EBIT and adjusted earnings per preferred share (EPS) were below the level of the prior year. Read more »
Osem, Nestlé’s Israeli subsidiary, announced that it agreed to sell its Noga ice cream business in Israel to Froneri. The decision completes the transition of Nestlé Europe, Middle East & North Africa (EMENA) ice cream businesses into Froneri, a joint venture set up in 2016 between Nestle and R&R. Read more »
