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In November 2023 PGNiG Upstream Norway from ORLEN Group took-over the extraction company KUFPEC Norway AS, subsidiary of Kuwait Foreign Petroleum Exploration Company k.s.c.c., thanks to which ORLEN’s gas extraction in the Norwegian Continental Shelf will increase by 1/3 to exceed 4 billion cubic meters per year. The transaction includes shares in 5 fields already…
In December 2023 last year Eurostat published data for the 1st quarter with 51% increase in reloading volume of Port Gdańsk, which was the EU record that resulted in Gdańsk’s 5th position in the European Union. The biggest ports Rotterdam, Antwerpen, Bruges and Hamburg reported declines in the 1st quarter 2023. Gdańsk has been the…
In November 2023 Thorium Space S.A. joined HummingSAT project of the European Space Agency (ESA) to develop the first Polish telecommunications satellite SmallGEO expected to be put in orbit in 5 years. Thorium is a Polish company that designs and constructs innovative telecom systems. It was established in 2017 and operates in Wrocław and Warsaw….
In recent years, we have become accustomed to numerous changes in tax law coming into force on the first of January. New legislation was usually passed in the last months of the previous year and took effect after a very short vacatio legis. So short, in fact, that the first weeks of each new year…
Key takeaways from the roundtable discussion between key players in the market, regional authorities and universities, organized by the Boeing Company and Invest in Pomerania and the Pomerania Development Agency. On December 12, 2023, thanks to the efforts of the Boeing Company and Invest in Pomerania, an initiative coordinated by the Pomerania Development Agency, an…
International IT company SOFTSWISS is expanding its operations in Poland by opening a new office in Poznan. The international SOFTSWISS Group has officially opened the doors of its new office in Poznan. It was in the city that SOFTSWISS first began its journey three years ago with its main partner on the Polish market, Merkeleon…
After a sharp decline in 2020 and a strong recovery in 2021, global direct investment in 2022 fell by 12% to $1.3 trillion. According to reports from international organizations (including UNCTAD), the decline was caused by global factors, related to the war in Ukraine, high energy and food commodity prices, rising interest rates and uncertainty…
Demography, health, education and ecology. New technologies are increasingly important for solving our most pressing problems. The positive impact of technology on business has been talked about for a long time now and investment is following suit, such as cloud or artificial intelligence, which are increasing rapidly. Increasingly, new technologies are also finding their way…
MIM Fertility – a Polish pioneer in the field of artificial intelligence – has announced the closing of a seed round of $2 million. The investment was led by Warsaw-based venture capital investors Tangent Line and Peleton. MIM Fertility – a Polish pioneer in the field of Artificial Intelligence. MIM Fertility proposes breakthrough solutions in…
A subsidiary of IT company Spyrosoft has won a BBC tender for a three-year collaboration to expand the broadcaster’s IT engineering team. The value of the contract is expected to exceed £20 million. Spyrosoft said in a stock exchange release that its subsidiary had been selected in a two-part tender on 23 November. A standstill…
It’s been a while since we’ve discussed ESG issues. Most of the attention has been focused on environmental policies, while I believe the “S,” which stands for the social impact, may be even more important as we move forward. In particular, the impact of employers on employees. And there are several reasons for that. If…
LOT Polish Airlines are the 3rd best in the world in AirHelp Score ranking of 83 airlines surveyed from 1st January to 30th September 2023 as the biggest and most popular ones on the global list of over 800. The ranking criteria were: flight timeliness (within 15 minutes), passengers opinions (on flight crew, comfort, cleanness,…
