Proportion of e-bike sales could climb 10-fold
Poland is a country which loves bikes, with 38% of Poles declaring cycling as their favourite sport, according to a recent poll by ARC Rynek i Opinia. And the growth in demand for e-bikes could outstrip the growth in demand for regular bikes, believes a leading manufacturer.
Sales of e-bikes set to climb massively in the years ahead
The share of electric bicycles in Poland may increase as much as tenfold in the next five years, to about 25-30% of total bikes, co-founder of electric bicycle manufacturer TrybEco Tomasz Przygucki said in an interview with ISBnews. Currently, the share of electric bikes is estimated at 3-5%. In contrast, in Czechia every second bike sold is electric. “Recent studies show that using e-bikes does not reduce the cardio effects compared to conventional bikes, but is much gentler on the joints. In addition, the average user of an electric bike is able to move by between 5-10 kilometres per hour faster,” he claimed. As reported in a previous edition of PT Daily, Poland is a European powerhouse when it comes to bike production, both of the traditional variety (4th in Europe in 2019 after Portugal, Italy and Germany) and of the new e-bikes (2nd after Germany in terms of exports).
Demand for warehouse space in Poland shows no signs of slowing
Demand for warehouse space has increased by a quarter in recent months, according to real estate agency Walter Herz. The greatest tenant interest is in Wielkopolska and Mazowsze voivodships and in total the market is growing on average by 16% per year, with c. 2.5 million sqm of warehouse space under construction. In the first three months of this year, lease transactions in the warehouse sector totalled 1.6 million sqm, a new quarterly record and 25% higher than in the same period in 2020. The other real estate sector which seems to have been affected favourably by the economic effects of COVID is the residential sector, where the first quarter of 2021 saw a quarterly sales record on the primary market. The y-y growth figure, however, is not as high as that in the warehouse sector, according to the agency. Almost 2.5 million sq m. of warehouse space is currently under construction in Poland, one of the highest results recorded in the sector. Almost half of this space is in projects that started in the first three months of this year.
App developer to debut on NewConnect next year
Polish mobile app developer Escola plans a 2022 debut on NewConnect, Warsaw’s alternative stock exchange allowing smaller companies to float shares, the company said. Escola plans to conduct a crowdfunding campaign in the third quarter, and to use the fund for scaling up its own products, buying other companies, and recruiting. The company, which has offices in Warsaw and Gdańsk, also conducts venture-building services. In this segment, Escola creates products that can become independent companies in the next 1-3 years.
WSE suspends trading ahead of potential MCI and PEM Group merger
The Management Board of the Warsaw Stock Exchange (WSE) has suspended trading in Private Equity Managers (PEM) shares on the main market from June 21 in connection with their planned merger with MCI Capital Alternatywna Spółka Inwestycyjna. The Private Equity Managers Group is a capital group specialized in managing various asset classes, including venture capital funds. The company has been listed on the WSE since 2015.
Czechia looking for cooperation from Poland in Turów mine case
Poland can avoid the EUR 5 mln daily fine from the European Court of Justice over the Turów lignite mine case if it continues to hold constructive talks, Czech deputy Environment Minister Vladislav Smrz told Dziennik Gazeta Prawna media title in an interview. The European Court of Justice postponed the decision by one week upon Poland’s request, he indicated. According to the deputy minister, the Czech proposal is divided into two parts: the first consists of conditions that can be met immediately and the second part is the commitment to long-term actions. He also called for cooperation in data collection and analysis, saying that the data from the Czech side alone is not sufficient for building a complete and comprehensive picture of the environmental impact of the mine. So far, he indicated, the Polish side has not been forthcoming.
Industrial output increases significantly compared to last year
Poland’s industrial output soared by 29.8% y-y in May, while on a monthly basis it declined by 0.8%, Statistics Poland (GUS) reported. Seasonally adjusted industrial output rose by 29.7% y-y. Industrial production prices went up by 6.5% y-y in May and by 0.8% month-on-month, GUS reported.
Ideal used car: between km 100 – 150k, under PLN 30k
One of Europe’s leading platforms for the sale of used cars, Carvago.com, has launched operations in the Polish market. In Poland, the most popular cars are those with mileage from 100,000 kilometres to slightly over 150,000 kilometres and priced below PLN 30,000, a Carvago.com study showed. The company offers more than 750,000 cars, not older than 10 years and with a maximum mileage of up to 150,000 kilometres. It also provides services such as a professional vehicle technical audit, additional financing, an extended warranty, and immediate insurance, as well as safe home delivery.