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…
Standard Chartered Bank has opened a new branch in Warsaw, with its first employees starting on November 1. Standard Chartered Bank is the hub for Standard Chartered’s EU activities. The new branch represents a key part of a broader strategic program aimed at developing the bank’s operations in Europe. It is well-positioned, both geographically and…
Barry Callebaut, a leading chocolate manufacturer, opened another production line in Łodź. Łodź is home to the largest chocolate factory in Poland. Its owner is the tycoon, Barry Callebaut. The company is currently expanding its Łodź plant. The new hall has an area of more than 3,000 sq m. Innovative technological solutions were used in…
PGE Polska Grupa Energetyczna is launching more photovoltaic (PV) farms and says it will have PV power plants with a total capacity of about 500 MW in operation or under construction by the end of 2023. In recent weeks, PGE Energia Odnawialna, part of the PGE Group, has launched PV farms in the Mazowieckie, Podkarpackie…
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…
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…
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…
The Polish Chamber of Commerce summarizes GUS data on the economic situation of the provinces and industries in January-September 2023. Unemployment At the end of September this year, the number of registered unemployed amounted to 776,000, which was 6,500 lower than at the end of August and 25,700 lower than a year ago. The unemployment…
