In the end of December 2023 Eiropas Dzelzceļa Līnijas implementing the Latvian part of Rail Baltica project signed € 3.7b contract with the winning consortium ERB RAIL composed of Eiffage Génie Civil (France), Budimex (Poland) and Rizzani de Eccher (Italy) to construct 230 km of high-speed railway in Latvia. Now technical documentation and formalities are…
ORLEN has successfully completed the acquisition of 100% stake in Doppler Energie that manages 267 service stations across Austria under Turmöl brand. The transaction expands ORLEN’s network to nearly 3,500 modern service stations across seven European countries. The Group is now exploring additional acquisition opportunities in the region and is taking steps to establish itself…
Polish trailer manufacturer Unitrailer has acquired 100% of Dutch company Henra Aanhangwagens and outlined plans to become the leader of the European market within two years, aiming for a 10-13% market share. Unitrailer Holding – Poland’s commercial trailer market leader with a gross vehicle weight of up to 3.5 tons – in February bought Henra…
The war in Ukraine is facing military stalemate, but Poland appears to be winning the war of words. Poland’s Foreign Minister Radoslaw Sikorski on February 25 – two years on from the start of the new phase of the war in Ukraine – hit back at claims by the Russian ambassador to the UN, Vasily…
More than 60% of Central European CFOs expect revenue growth this year. According to those surveyed, the average GDP growth rate in the region in 2024 will be 1.1%. Central European companies have become accustomed to operating in a difficult economic environment, say chief financial officers (CFOs) from Central European countries. While more than half…
‘The Fintech Industry in Warsaw,’ a report published by Antal, shows that the capital is one of the important Fintech hubs, mainly thanks to its large talent pool. Some 45% of Fintech companies in Poland are located in Warsaw and the city is listed ahead of important Fintech centers such as Munich and Milan. Experts…
Sylwia Ziemacka talked to Dr Chrystian Poszwiński, Head of CEE, HWF Partners. What was last year like on the Polish M&A market? It was way different than previous years. Compared to what happened in the COVID years, between 2020 and 2022, the market generally slowed down in 2023. Interestingly, the number of deals has grown…
Denmark’s King Frederik X arrived in Warsaw on January 30 on his first visit abroad as monarch. Greeted by President Andrzej Duda, he later visited the Polish parliament where he met with the speaker of the lower chamber, Szymon Hołownia. According to the Danish Embassy in Warsaw, the main areas of interest for the business…
Bank Millennium believes the Polish economy will gradually recover this year, driven by stronger consumer sentiment. Economic growth at 2.9% with an upward outlook, which will be driven primarily by resurgent private consumption, a reduction in average annual inflation to just over 5%, and possible interest rate cuts of 50-75 bps – are Bank Millennium’s…
In 2024 approximately PLN 77 billion (€18 billion) will go to Poland from the National Reconstruction Plan, according to the Deputy Minister of Finance Hanna Majszczyk. Prime Minister Donald Tusk said during a press conference on January 29 that the Polish government enjoys the trust of strategic partners abroad and therefore he does not see…
Key takeaways from the “Polish EV Outlook Index,” published by the PSPA, IBRM Samar and OTOMOTO. The electromobility market is growing, though with more determination and support for sustainable transportation by the government, BEV sales in Poland would have exceeded 45,000 last year, the PSPA estimates. 20,000 new all-electric passenger and commercial vehicles were registered…
In the halls of the Zamoyski Palace in Warsaw, Ambassador of the Swiss Confederation Fabrice Filliez and Ambassador of the Kingdom of Norway Øystein Bø – in cooperation with the Office of the United Nations High Commissioner for Refugees, Head of UNHCR in Poland Kevin Allen – opened a ceremony to celebrate the Nansen Refugee…
