Biznes

Poland may become the production base of Europe if it creates regulations that facilitate the placement of companies that are withdrawing from, among others, from Russia - said the vice-dean of the college of finance and economics of the Kozminski University, Dr. Błażej Podgórski.more

Which? describes number of bank closures as ‘alarming’, with many customers unable to go digital.more

A leading food industry boss has warned that prices will spike as a result of the war in Ukraine.more

China has refused to sell aircraft parts to Russian airlines, Reuters reported yesterday, citing Russian media quoting a representative of Russia's civil aviation authority. Earlier, Boeing and Airbus had halted deliveries of parts.more

McDonald's announced yesterday the temporary closure of its restaurants and the suspension of all operations in Russia. General Electric has also suspended most of its operations. Starbucks Corp, in turn, said it would suspend all business in Russia, and Coca-Cola Co and PepsiCo announced they would not sell their carbonated drinks there, Reuters reported.more

Rapidly expensive crude oil is driving fuel prices up. Soon, Poles in the country will pay over PLN 7 / l for petrol, and even PLN 8 / l at the turn of March and April - said Jakub Bogucki, an analyst at e-petrol.plmore

Britain will ban Russian companies from accessing the London insurance market, the world's largest centre for commercial and specialist insurance, Britain's finance ministry said today.more

Ikea is suspending all operations in Russia and Belarus, which will affect around 15,000 employees, Bloomberg reported yesterday. It added that not only production, but also exports and imports of goods are affected.more

Swedish clothing company H&M has suspended all sales in Russia in the wake of the country's invasion of Ukraine, the website of the British public broadcaster BBC reported. It is another multinational company that has taken such steps.more

US aircraft manufacturer Boeing is suspending the supply of parts, service and technical support to Russian airlines as well as major operations in Moscow following Russia's invasion of Ukraine, Reuters reported today.more

The price comparison website Comparethemarket has pulled its ads featuring the animated Russian meerkat Aleksandr Orlov from news bulletins in light of Vladimir Putin’s invasion of Ukraine.more

An increasing number of international companies are suspending operations in Ukraine, including Carlsberg, UPS, FedEx, ArcelorMittal and Coca-Cola, Reuters reported yesterday.more

The once-popular toy chain disappeared from the UK in 2018 after it fell into administration and failed to attract a buyer. more

The prime minister's 'Living with Covid' plan must not put the cost and responsibility of testing on employers, business groups have warned.more

Financial results disclosed by Reckitt Benckiser, the owner of brands like Durex, Dettol, and Lemsip, give an insight into changing consumer habits as pandemic restrictions ease.more

Poundland is selling more fresh food in a bid to attract cash-strapped shoppers to do a weekly shop with the budget chain.more

The head of the UK's largest online supermarket chain Ocado, Tim Steiner, commented on the latest sales figures. As he informed, despite numerous difficulties on the market, the company achieved record income and there are no indications that the trend will change.more

Britain's economic growth was 7.5% last year, much better than expected and the best since 1941, the National Bureau of Statistics (ONS) reported. This growth was also the highest of all the most developed economies in the world (G7).more

Decision affects 80 stores and 40 petrol stations, and retailer will try to find other roles for staff involved.more

Cost of living crisis and higher tax rates push workers back to full-time employment.more

New report finds Square Mile outperformed rivals such as New York and Paris.more

Polish trade coped well with COVID-19, assessed the Polish Economic Institute (PIE). Analysts pointed out that only in the period from November 2019 to November 2021, exports and imports grew by 18 and 19 percent on the Vistula River, respectively.more

The average cost of a basic funeral has dropped for the first time in 18 years, but is predicted to rise again in the future, a report has found.more

Restaurants in one Dutch city reopened on Friday and others said they would open on Saturday regardless of whether they are included in plans by the government to ease the country’s COVID-19 lockdown.more

Staff shortages continue to blight retailers and hospitality firms, with one warning of closures if Covid absences worsen.more