As far-right groups across Europe build on anti-immigration sentiment and doubts over the EU’s climate policy in the run-up to European Parliamentary elections in June, the President of the European Commission, Ursula von der Leyen, arrived in the capital of Silesia, Katowice, for the 16th European Economic Congress in Katowice on May 7 to present her…
A company owned by Dominika Kulczyk plans to raise up to 3.4 billion zlotys for green investments from the market, with most of the money going to offshore wind farms. The extraordinary general meeting of Polenergia shareholders approved the resolution to increase the authorized capital of the company. This means a green light for the…
The Group plans to invest 650 million zlotys on the development of production and logistics. One of the largest food companies in Central and Eastern Europe wants to implement a huge project in Wadowice. The Maspex Group, a Polish food giant and owner of brands such as Tymbark, Kubuś and Łowicz, plans to invest approximately…
Reuters reported that the assembly of SKD Chinese Leapmotor cars is to start in Tychy in the second quarter of this year. There is a chance that the Chinese cars will replace the Fiat 500, which is going out of production this spring. Leapmotor 03 – a small, city car with dimensions and even a…
Baltic Offshore Service Solution is the name of the service company established by partners developing the Baltic Power offshore wind farm. The service company was established by Energa Wytwarzanie (from the Orlen group) and the Canadian Northland Power, which is a minority partner of Baltic Power with a capacity of 1.2 GW. Baltic Offshore Service…
Poland’s government will end 0% VAT on food introduced two years ago to help soften the blow of soaring inflation. The finance ministry said the recent slowing of price rises renders the measure no longer necessary. “Due to the latest inflation readings and forecasts of prices of basic food products subject to the transitional 0%…
Polish e-commerce giant Allegro – a leading player on the domestic market – has expanded its brand to a third country in the region after launching the Allegro.sk shopping platform in Slovakia. Allegro, also one of Europe’s largest e-commerce platforms, has since 2022 been operating in Slovakia, the Czech Republic, Hungary and Croatia under different…
Moody’s confirmed Poland’s long-term foreign currency rating at the “A2” level, and its outlook remains stable, the agency said in a statement. The stable rating outlook is supported by the significant improvement in relations with the EU since the change of government in December 2023. “In addition to unlocking significant EU funds, this has already…
The largest ruling coalition party Civic Coalition (KO) laid out 100 things it would do in its first 100 days of government – how did it do? The formation of Donald Tusk’s government – which includes representatives of the Civic Coalition (KO), Poland 2050, the Polish People’s Party (PSL) and the Left – took almost…
When Poland became a member state of the European Union on May 1, 2004, Warsaw was perhaps still a somewhat distant destination for many in Brussels. But 20 years down the line and Poland’s capital has come to represent a new center on the map of the EU. Poland’s economic dynamism and more recently its…
The leasing industry is one of the engines of the Polish economy, says Monika Constant, president of the Polish Leasing Association. It finances almost 30% of investment outlays and is the preferred form of financing for the SME sector, which generates nearly 50% of GDP, according to a report prepared by the Polish Leasing Association…
According to “Loud & Clear,” an annual report on music royalties, Spotify released data on Polish artists’ revenues from the platform for 2023 for the first time. In total, last year they amounted to over 150 million zlotys, an increase of 20% compared to 2022. For the past 11 years, Spotify has actively participated in…
