The Port of Gdańsk handled 53.2 million tons of goods in 2021, an 11% increase and the most cargo handled in the history of the port. The Ministry of Infrastructure held a conference in January attended by ministers, Marek Gróbarczyk and Grzegorz Witkowski, and the management boards of the three largest Polish ports: Gdańsk, Szczecin-Świnoujście…
Poland’s exports rose 17.5% in November and faster than in the two previous months. The import growth rate was also higher (+30%), the Central Statistical Office (GUS) reported. Comment by Mariusz Zielonka, economic expert from the Lewiatan Confederation: After two months of relatively low growth in exports, November brought a dynamic revival. According to preliminary…
US Vice President Kamala Harris has nominated Marek Brzezinski as the US ambassador to Poland. This means that the US mission in Poland will soon be headed by Bix Aliu, Harris’s current chargé d’affaires. The US Senate approved Brzezinski appointment in mid-December. A few days later, he met Marek Magierowski – the Polish ambassador to…
Selena Group is investing in the development of photovoltaics on large-area roofs. The Polish leader in the construction chemicals industry is expanding its proposition for business customers and offers complete roofing solutions, including waterproofing and photovoltaic installations for roofs. The entire roofing solution comes with a 15-year warranty. Selena Group has for many year been…
Recruitment for the third edition of the LeadAir program, organized by Forum Energii, started in January. Its aim is to support local governments in achieving climate neutrality through individual, long-term consultancy of experts , exchange of knowledge and experience and proposing practical solutions tailored to the specificity and needs of a given city. Fifteen cities…
W. P. Carey, has acquired seven DIY retail stores in Poland from the Austrian Supernova Group. The total acquisition totals approximately 70,000 square metres. The stores are triple-net leased to OBI for a term of 15 years with Eurozone CPI-based rent increases. W. P. Carey is a REIT specialising in corporate sale-leasebacks, build-to-suits and the…
The construction industry tends to be a good measure of the condition of any economy and across Europe it is showing remarkable resilience in the face of the pandemic’s effects. According to EUROCONSTRUCT, an independent construction market forecasting network, the level of construction output in 2021 is set at 1,740 billion euros. After a difficult…
Forecasts are always subject to the risk of uncertainty and in the present conditions they are particularly reminiscent of fortune-telling from tea leaves. Economists are divided into two camps. Optimists claim that the global economy, and therefore also the Polish economy, has probably entered a path of growth. The pessimists point to a number of…
The largest privately-owned investment and asset manager in private equity and real estate in CEE, Griffin Real Estate has announced changing its name to Griffin Capital Partners. The name change is accompanied by a refreshed visual identity, underlining the strategic direction towards private equity that the company has already taken. The change also reflects and…
2021 was a record year for the Polish Investment and Trade Agency (PAIH), with foreign companies investing over EUR 3.5 billion in Poland with the agency’s support – EUR 800 million more than in the previous year and 700 million more than in the record-breaking year of 2019. Behind these numbers is not only money,…
Poles to a large extent like and appreciate America, these ties go back many generations. I will remember Tadeusz Kościuszko, one of the founders of the elite West Point Academy, and Kazimierz Pulaski, who fought in the US war of independence. The history of Poland, full of hard trials, has meant successive waves of emigration…
On 4 January 2022 the Monetary Policy Council decided to increase the NBP reference rate by 0.50 percentage points, i.e. to 2.25%. At the same time, the Council set the remaining NBP interest rates at the following levels: ▪ lombard rate at 2.75%; ▪ deposit rate at 1.75%; ▪ rediscount rate at 2.30%; ▪ discount…
