December is a month of holiday preparations, heightened consumer activity, and a surge in demand for seasonal workers. According to Grupa Progres, the number of people seeking holiday jobs in 2024 has risen by 10% compared to last year, with young people under 25 making up a significant 56% of candidates. Women dominate the seasonal…
Takeaways from the the latest Board Monitor Europe 2024 report, published by Heidrick & Struggles The latest Board Monitor Europe 2024 report, published by Heidrick & Struggles, highlights the evolving roles of boards and executive teams in European companies, with a notable increase in their operational involvement. The report reveals that regulatory bodies, consumers, and…
Current demographic trends could lead to a more than 12% decline in Poland’s workforce by 2035, warns the Polish Economic Institute in its latest report. Poland is facing a demographic crisis that could have severe consequences for its labor market. A recent report from the Polish Economic Institute (PIE) warns that by 2035, the number…
Scientists from the Wrocław University of Science and Technology are completing work on a prototype bionic prosthesis for people after forearm amputations. It is named BEEPP – Bionic, Ergonomic, Economic, Polish Prosthesis. It consists of plastic components printed in 3D technology – the elbow, the forearm and the palm – filled with medical, mechanical, electronic,…
Laurentis Energy Partners (Laurentis), a leading provider of nuclear services, has entered into an agreement with Poland’s ORLEN Synthos Green Energy (OSGE) to pave the way for the development and deployment of small modular nuclear reactors (SMRs) in Poland. The agreement, valued at up to $40 million, marks a significant step toward enhancing Poland’s clean…
The state-owned Industrial Development Agency (ARP) will construct a hydrogen production plant in the industrial region of Silesia, southwestern Poland, as a joint venture with two other partners. The technology partner has already been selected. With the estimated cost of EUR 1.5 – 2 billion, ARP intends to seek funding from the European Hydrogen Bank….
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…
