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…
On March 12, 1999, in the city of Independence in the US, Secretary of State Madeleine Albright formally received the document ratifying our access to the North Atlantic Treaty Organisation. This was an unequivocal and clear declaration, in which a free and democratic Poland set out the vision of its security and the way in…
Industrial production in February 2024 increased by 3.3% compared to the previous year. On a monthly basis, it increased by 0.7%, according to the Central Statistical Office. In February, sold industrial production was higher by 3.3% compared to February last year, when there was a decrease of 1.6% compared to the same period of the…
The prices of investment land are stimulated by the very limited supply of plots in attractive locations in the largest agglomerations in the country. Recently, there have been major changes on the investment land market in Poland. The expectations of plot owners are still high, however buyers are willing to pay more for plots that…
The Polish care industry remains a European leader during the crisis – optimistic perspectives, transitional difficulties. Year by year, there is an increasing demand for home care services in the European Union as the European population continues to age rapidly. According to data from the Central Statistical Office (Główny Urząd Statystyczny – GUS), Poland’s demographic…
According to Central Statistical Office (GUS) data, Poland had a foreign trade surplus of €10.5 billion in 2023, with the country’s largest partner again Germany. Although Poland had a trade surplus in many regions, a foreign exchange deficit of €79.3 billion in trade with China stood out. According to the report presented by GUS on…
The global real estate market is slowly recovering from the turbulence of recent years, and MIPIM 2024, organized for the 33rd time from March 12 to 15, 2024 at the Palais des Festivals in Cannes, has attracted the world’s most important players in the industry, as well as investors, bankers and politicians – including office…
In a military package worth €1.5 billion, Poland inter alia purchased Carl-Gustaf M4 grenade launchers from Sweden on March 4. On the eve of Sweden’s official NATO entry as the alliance’s 32nd member, Poland’s Minister of National Defense Władysław Kosiniak-Kamysz met Swedish Minister of Defense Pål Jonson at the 3rd Ship Flotilla in Gdynia on…
The 9th Diplomatic Opening of the Year held by the Polish Chamber of Commerce (KIG) has gone ahead with the media partnership of Poland Weekly. Some 600 participants, including high-level officials of Poland’s new government, KIG officials, foreign representatives of many countries at the ambassador level, local governments, investors and entrepreneurs took part in the…
City of Łódź bonds have debuted on the WSE. Bank Pekao S.A. was a co-organiser of the issue. Bonds of the City of Łódź made their debut on the Catalyst market of the Warsaw Stock Exchange. The bonds – worth more than PLN 764 million – were issued in December. The agent for the issue…
IT professionals know they need to grow. But they also expect employers to support them in doing so. The labor market situation in the ICT and IT industry has been more dynamic in recent years than before the pandemic. There is still a high demand for workers, but the barrier to entry into this market…
