Poland’s Thorium Space is becoming a leading light in the European space industry. In mid-November, Poland officially joined the European Space Agency’s (ESA) optional programs and on November 30, the Polish firm Thorium Space was added to the HummingSAT program – a new product line of European small telecommunications satellites for geostationary orbit (GEO). “Thorium…
Yulchon of Korea has been producing for the automotive industry in Korea and Mexico and is moving now to Poland as well, building a plant near Wroclaw, another major Korean investment in the Wroclaw metropolitan area. Yulchon Poland’s new plant in Komorniki near Wroclaw will cost more than PLN 100 million (EU 23 million). Yulchon…
The London Stock Exchange Group has been operating in Gdynia for more than 17 years and is growing all the time. It has just moved to a new office in 3T Office Park, the company’s largest branch in Poland. The LSEG (London Stock Exchange Group) in October celebrated its new office in Gdynia, with an…
BASF Environmental Catalyst and Metal Solutions (ECMS) on October 17 opened a new office in the Dominikanska Center in Wrocław, from which it will serve the global precious metals and catalyst markets. The new office in Wroclaw follows a decision in December 2021, when BASF decided to establish an independent subsidiary – BASF Environmental Catalyst…
According to data in the latest Talent Alpha report, The World of Work AI-ed, over 90% of leading service providers, as well as one-third of all workers, are already using AI solutions. As a result, some companies have experienced significant productivity growth. However, AI poses enormous challenges that could lead to the darkest scenarios. The…
International logistics operator SLT TRANS LOGISTIC has decided to open its first buffer warehouse in Poland within Panattoni Park Gdansk West II. The tenant will occupy more than 4,900 sqm of logistics and office space in Panattoni’s Tricity investment. SLT TRANS LOGISTIC was represented in the transaction by AXI IMMO. SLT TRANS LOGISTIC, an international…
LivUp has expanded its offer of apartments for rent in Krakow. LivUp’s intimate building is located at 2 Zaczarowane Koło Street in Bronowice. The first tenants have already moved in. LivUp’s newest project offers a wide range of units: studios, as well as two- and three-bedroom apartments. All are furnished and finished to a high…
BGK’s pioneering loan will support Rwanda’s development. The Polish Development Bank (BGK) has provided direct financing to the Rwandan state treasury for the purchase of a Polish milk cooling system. The loan to the buyer with a policy from the Export Credit Insurance Corporation is €23 million and is the first such financing provided by…
Bioseco – a technological R&D company specializing in the development of innovative devices for the automatic detection of birds in the airspace of wind farms and airports – won the fourth edition of the Polish-German Economics Award in Warsaw on October 17. The company won among five finalists representing new technologies and innovations. This year,…
Polish companies from, among others, the mining and transport sectors are interested in investing in Ukraine, said Deputy Minister of Funds and Regional Policy Jadwiga Emilewicz. “In the coming weeks we hope to present their offers during visits to western Ukraine and Kyiv,” she added. As Emilewicz pointed out, some of the companies interested in…
When the US are celebrating the first anniversary of the Inflation Reduction Act and achieving more than 170,000 new green jobs, Europe is still subsidizing electric cars produced outside EU with further financial support. One year was enough to create more than 170,000 green jobs in the US. Biden’s plan has succeeded, companies are increasingly…
Poland Weekly talked to Artur Czuba, Associate Director from the Investment Department at Avison Young. How would you summarize the first half of 2023 on the real estate market in CEE? The current results in the property investment market may not appear very optimistic at the moment, but this is only a temporary situation. All…
