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…
Passenger traffic at Chopin Airport and Poland’s 13 regional airports from January to September 2021 hit almost 13 million, 191,000 more (+ 1.5%) compared to the same period of the previous year. In the analyzed period, the share of regional airports in total traffic handled was 60%. During the first nine months of this year,…
The labor market situation is systematically improving from the point of view of employees: half of Polish companies are planning pay raises and the percentage of enterprises forecasting employment growth has increased, as indicated by the results of the 44th edition of the Employer Plans survey conducted by the Randstad Research Institute and Gfk Polonia,…
In November, Polish industry increased production by 15.2% annually, Statistics Poland reported. Excluding readings from April and May – which were burdened with the low base effect from 2020 – the November reading is the highest for the entire year. According to Mariusz Zielonka, an economic expert at the Polish Confederation Lewiatan, this excellent result…
Inauguration of construction of the new Northvolt plant – where a modern, sustainable energy storage systems will be made – took place n Gdańsk on December 8. The factory will strengthen the position of Pomerania on the industrial map of Poland. Northvolt, a supplier of high-quality cells and battery systems, announced its first investment in…
President Andrzej Duda has signed the amendment to the act on electromobility and alternative fuels, that aims to accelerate the development of electromobility in Poland and implement the EU regulations. The amendment to the act on electromobility and alternative fuels implements the provisions of Directive 2019/1161 of June 20, 2019 on the promotion of clean…
The government has announced that from December 15 the availability limits in hotels and restaurants will be reduced from 50% to 30%. Although vaccinated people are not included in this ceiling, there are still no legal regulations enabling tourism businesses to verify so-called ‘covid passports.’ Leading sector figures shared their concerns with “Hotelarz,” a portal…
