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Recently, rising inflation and increasing loan installments have been one of the most frequently discussed topics. The latter concern more than 2.5 million people and the total value of loans as of the last quarter of 2021 was estimated at approximately PLN 500 billion.

Energy prices have been a salient issue in CEE for the past year. Part 1 of this article covered just how high the energy prices had climbed in Bulgaria, the Czech Republic, Moldova, Montenegro, Poland, and Turkey, the impact of those prices on people, businesses, and governments, as well as the reasons why some countries fared better than others. Then Russia’s war against Ukraine changed everything, making a new energy pricing normal seem more distant than ever. In Part 2 we look at what energy experts believe could alleviate the situation and whether the war has impacted those plans.

Had we been writing this piece mid-February, our description of the Polish real estate market would have been consistent with the trends encompassing the past two years: despite the pandemic, two sectors continue to boom – logistics and residential, including the still relatively new professional rented sector, with many big players moving into Poland over the past few months.

Former Counsels Michal Kulesza and Michal Pekala have been promoted to Partner at Maruta Wachta, with Kulesza leading the firm’s Financial Regulation and Technology Team, and Pekala being the Head of the Video Games & Entertainment Team.

Gessel has represented MS Galleon AG in proceedings before the President of the Office of Competition and Consumer Protection on granting consent to a concentration consisting in it taking over control over Rafako SA and its subsidiaries.

Although it would appear that no fewer than 10 000 online platforms operate in the EU, the digital market seems to be moulded by just a handful of them. This raised concerns among the Authorities in terms of, among others, transparency and fair competition. The Digital Markets Act (DMA), together with the upcoming Digital Services Act (DSA), forms a central part of the package proposed by the Commission to address such concerns, setting up specific obligations for the digital giants, the so-called gatekeepers.

On the 17th of May 2022, the President of the Office of Competition and Consumer Protection published information that an administrative fine of over PLN 5.3 million has been imposed on the Lithuanian company Vinted UAB, the operator of a popular platform for buying and selling second-hand clothes.

Dentons has advised the EBRD, PKO Bank Polski, and Bank Pekao on their PLN 763 million financing to Goldbeck Solar and Respect Energy for the construction of a 286-megawatt photovoltaic farm in Poland. Norton Rose Fulbright advised developer Goldbeck Solar.

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