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The war in Ukraine is facing military stalemate, but Poland appears to be winning the war of words. Poland’s Foreign Minister Radoslaw Sikorski on February 25 – two years on from the start of the new phase of the war in Ukraine – hit back at claims by the Russian ambassador to the UN, Vasily…
‘The Fintech Industry in Warsaw,’ a report published by Antal, shows that the capital is one of the important Fintech hubs, mainly thanks to its large talent pool. Some 45% of Fintech companies in Poland are located in Warsaw and the city is listed ahead of important Fintech centers such as Munich and Milan. Experts…
Denmark’s King Frederik X arrived in Warsaw on January 30 on his first visit abroad as monarch. Greeted by President Andrzej Duda, he later visited the Polish parliament where he met with the speaker of the lower chamber, Szymon Hołownia. According to the Danish Embassy in Warsaw, the main areas of interest for the business…
Bank Millennium believes the Polish economy will gradually recover this year, driven by stronger consumer sentiment. Economic growth at 2.9% with an upward outlook, which will be driven primarily by resurgent private consumption, a reduction in average annual inflation to just over 5%, and possible interest rate cuts of 50-75 bps – are Bank Millennium’s…
In 2024 approximately PLN 77 billion (€18 billion) will go to Poland from the National Reconstruction Plan, according to the Deputy Minister of Finance Hanna Majszczyk. Prime Minister Donald Tusk said during a press conference on January 29 that the Polish government enjoys the trust of strategic partners abroad and therefore he does not see…
Key takeaways from the “Polish EV Outlook Index,” published by the PSPA, IBRM Samar and OTOMOTO. The electromobility market is growing, though with more determination and support for sustainable transportation by the government, BEV sales in Poland would have exceeded 45,000 last year, the PSPA estimates. 20,000 new all-electric passenger and commercial vehicles were registered…
According to the latest Navigating ESG: ABSL’s 2023 Overview report, more than 70% of companies in the business services industry have introduced global ESG strategies to their branches in Poland. Defining and implementing ESG (Environment, Social, Governance) policies, integrated with an organization’s business goals, helps build innovation and prepares companies for changing stakeholder and employee…
65% of war refugees who came to Poland from Ukraine are working. The current employment rate is currently the highest among OECD countries. Research conducted by the Polish Economic Institute (PIE) shows that Ukrainian refugees face various challenges in the Polish labor market and sometimes experience unequal treatment. In several of the industries surveyed that…
In the halls of the Zamoyski Palace in Warsaw, Ambassador of the Swiss Confederation Fabrice Filliez and Ambassador of the Kingdom of Norway Øystein Bø – in cooperation with the Office of the United Nations High Commissioner for Refugees, Head of UNHCR in Poland Kevin Allen – opened a ceremony to celebrate the Nansen Refugee…
The Minister of Digitization has appointed an advisory team on artificial intelligence. Deputy Prime Minister and Minister of Digitization Krzysztof Gawkowski has established a PL/AI Artificial Intelligence Advisory Team for Poland, which will develop recommendations for using AI to improve specific areas of state operations, the Ministry of Digitization said in a press release. The…
HealthTech, FinTech, ClimatTech and FoodTech are the sectors that have a significant share in Poland in recent years, if we look at the number of deals and their growth. Although the Polish market as a whole is going through a rough patch, these four leitmotifs continue to entice investors and attract their attention and money….
Over the next three years, LG Energy Solution will deliver around 200,000 units of battery modules produced at its plant near Wroclaw to GigafactoryX in Pruszkow, where they will be assembled into battery packs and systems. The delivered batteries will support the production of nearly 3,000 large commercial electric vehicles. LG Energy Solution Wroclaw. Largest…
