Gursky and Hubarau are Closing Business in Poland
One of the most famous Belarusian venture investors Yury Gursky and his partner Aliaksei Hubarau are liquidating the Warsaw division of their investment company Palta, writes economic observer Vadim Sekhovich.
Yury Gursky, video screenshot
The financial situation of Palta Poland could hardly be called cloudless even two years ago. In 2024, the company's revenue dropped by almost 40% (to 9 million zlotys — 2.2 million euros) and became unprofitable (a little over 95 thousand zlotys). There are no data yet for 2025, but, judging by the liquidation, the situation has not improved.
As of today, there remain Palta in the Cayman Islands and the Cypriot legal entity Palta Group, registered in early last year in Limassol. Its official website still lists among its assets Flo Health and Simple, as well as Zing Coach, Lovi, and the "eternal" Prisma Lab.