Lewiatan news

The Polish government is suspending its newly introduced retail tax, the country’s finance minister, Pawel Szalamacha, advised on September 20. Law only came into effect earlier this month Under the law, which only came into effect on September 1st this year, retailers in Poland would pay 0.8% on monthly revenues between PLN 17m (€3.85m) and PLN 170m (€38.55m) and 1.4% on sales exceeding...

Eurocash plans on investing PLN2bn (€477m) in the long term, while Lewiatan is investing in new franchises as well as existing stores. Eurocash to increase market share Eurocash plans to invest PLN2bn (€477m) over the next five years. The firm believes that this investment will protect the business of about 70,000-80,000 traditional stores in Poland. Eurocash ultimately wants to increase its...