The Government of Poland has pledged to increase its contribution to the World Bank’s IDA by 100% compared to its previous IDA contributions, demonstrating its continued dedication to international development. IDA, or the International Development Association, is the World Bank’s fund for 78 low-income countries. Projects funded by IDA boost economic growth, build resilience, and improve…
Polish-Finnish satellite company ICEYE has been contracted by NASA to provide synthetic aperture radar (SAR) data for 5-year Commercial Smallsat Data Acquisition (CSDA) Program. Since 2020, CSDA has been identifying, evaluating, and acquiring data from commercial sources, including ICEYE satellites, to support scientific research, analysis and application objectives of NASA’s Earth Science Division. Unlike traditional…
Data from the European Commission show that since 1996 the amount of clothing purchased in the EU per person has increased by 40%. Annually, Europeans buy 26 kg of clothing and throw away around 11 kg of textiles. Meanwhile, according to a KPMG report from 2019, nearly four out of 10 Polish consumers said they…
In Redzikowo, located within the Słupsk Special Economic Zone, a state-of-the-art Waste Thermal Processing Facility (ITPO) has been established, marking a major milestone in sustainable waste management and renewable energy production in Poland. This facility, created with the goal of efficiently and safely processing medical and veterinary waste, is an essential step toward environmentally friendly…
PKP Intercity has secured more than 2 billion PLN from the National Recovery Plan (KPO) to support its ambitious plans to expand and upgrade its fleet, marking a significant milestone in Poland’s public transportation sector. This grant will cover 94% of the project costs, funding the purchase of 56 zero-emission locomotives and the modernization of…
A study released in August by Deloitte found that the average mortgage interest rate in Poland is 8.06%. By comparison, homeowners in Croatia, Slovenia, and Slovakia, all eurozone members, are paying under 4%. The cash for mortgage subsidies earmarked in the 2025 budget for first-time buyers will now be redirected to areas devastated by Storm…
Poland is facing dynamic demographic changes that will shape the future of the market of senior housing and accompanying private long-term care services. With an ageing population and changing attitudes to elderly care, the sector is gaining increasing investor interest. During the event “Senior Living & Care Market in Poland”, co-organised by CMS in Poland,…
In Summer 2024 Chopin Airport broke five historical records serving in total over 6.5 million passengers from June to September. In June it broke the record of 2 million passengers per month. On 28 June nearly 75,000 travellers passed through the terminal breaking a daily record. In August another record was broken with over 471,000…
Sales of goods between Poland and Sweden have increased by 400% since Poland joined the EU in 2004. Today, Poland ranks tenth among Sweden’s largest export markets and eighth among its most important import partners, according to a report prepared by SpotData – the analysis center of Puls Biznesu – and the Scandinavian-Polish Chamber of…
In September 2024 the Polish state-owned railways PKP Intercity deployed the first Griffin 200 electric locomotives produced by Newag, which are the first Polish locomotives certified to operate at 200 km/h. In near future they are also expected to obtain certifications in Germany, Czechia, Austria and Hungary, followed by other countries in 2026. PKP Intercity…
On 19 September 2024 AE Elemental, a joint venture between US-based Ascend Elements and Poland-based Elemental Strategic Metals, opened EV (electric vehicles) batteries recycling plant in Zawiercie, marking a significant step forward in Europe’s EV battery supply chain. This newest and one of the largest battery recycling facilities in Europe has the capacity to process…
While Poland’s low unemployment rate means there will likely be no surplus occupations in 2024, 14 professions requiring higher education are projected to be in high demand. The popularity of specific university majors in Poland doesn’t always align with the needs of the job market, according to a new report. In 2022, a total of…
