Tuesday, October 15, 2024

Inflation in September 2024 at 4.9% level

Today, the Central Statistical Office of Poland (GUS) reported that consumer goods and services prices increased year-on-year by 4.9% in September, and compared to the previous month, they increased by 0.1%. Today's reading confirms GUS's earlier rapid estimate. The inflation in September was commented on...

The cycle of interest rate cuts in the USA has begun

• A fragile marker, but no panic: A short period of high volatility in July and August, caused by the reversal of the carry trade of the Japanese yen and weak macroeconomic data...

Inflation in Poland in September 2024 at 4.9% year-on-year – peak forecasted for Q1 2025.

The final inflation reading in September 2024 stood at 4.9 percent year-on-year and was consistent with the preliminary estimate. Current market forecasts indicate that the positive dynamic of price growth will persist until approximately...

Close to 4% higher turnover of tenants in shopping centers in July 2024.

The turnover of tenants conducting business in shopping centers in July 2024 was 3.8% higher than the previous year. The largest turnover increases were recorded in the health and beauty (9.4%) and services (7%)...

Pessimism returns to the markets

Data from the UK has helped the pound bounce back, but pessimism seems to be making a return on the markets. An escalating situation in the Middle East is no longer seen as...

PragmaGO with growth dynamics at the level of 26% YoY in 3Q24

PragmaGO continues to grow dynamically in 2024. In the third quarter, the company grew by 26% year-on-year, strengthening its position as a leader in the B2B embedded finance sector and implementing its announced...

Cities as Key Players in Climate Action: Harnessing Waste Heat to Boost Energy Efficiency and Reduce CO2 Emissions

According to the United Nations, cities globally are responsible for 60-80% of total energy consumption and 75% of CO2 emissions. As communities continue to grow, these numbers are also increasing, making energy efficiency in cities one of the most effective ways to mitigate the climate crisis. Karol Juszczak from Alfa Laval emphasizes that this transformation does not have to require significant financial outlays. Starting with the effective use of the resources we already have is essential. He points out that waste heat is a still untapped resource in cities. This lost energy, from sewage treatment plants, data centers or industrial plants, could be successfully used in different ways. “In Polish...

Żabka’s Stock Market Debut Sparks Investor Excitement, Echoing Allegro’s Early Surge

The debut of Żabka, a convenience store chain in Poland, is causing a lot of excitement. The demand for shares was moderately satisfied, potentially...

Dollar strong, zloty stronger

A small surprise uptick in September's US inflation reading bolstered the dollar, which also...

Geopolitical Risks Ignored as Markets Shrug Off China’s Stimulus Disappointment

This is not the most exciting day on the financial markets, a situation that might come as a surprise given that geopolitical risks are not diminishing. The Chinese fiscal stimulus package, instead of...

Patryk Rudnicki is the new managing partner of Bain & Company in Poland

Bain & Company in Poland has a new managing partner. From the beginning of October 2024, Patryk Rudnicki, leader of the Retail & Consumer Products practice, who has been with the company for...

Illegal online casinos in Poland generate nearly 26 billion zlotys in turnover annually

Tens of billions out of control turnover, nearly a billion in illegal revenue, and hundreds of millions of losses...

Pokémon Hacked – Leak of Data Collected over Decades by the Game’s Producer

Game Freak, a Japanese video game developer known for the iconic Pokémon series, has suffered a significant data breach. The event, referred to as...

Electric Vehicle Sales in Poland Among the Lowest in Europe. Experts, However, See Great Potential

At the end of July this year, there were 70,579 electric passenger and commercial vehicles (BEVs) driving on Polish roads, according to data from...

Europe Urged to Boost Readiness for Natural Disasters: EU Solidarity Fund and Preventative Measures in Focus

Europe needs to beef up its readiness to respond to the consequences of the increasingly frequent natural disasters, including by increasing the budget of...

Inflation in Poland remains high, and room for interest rate cuts only in the second half of 2025.

Inflation in the first months of 2025 can be high due to the base effect. And the space for interest rate cuts will not...

Japanese Hidankyo’s Nobel Peace Prize Laureate for Actions Toward Nuclear Disarmament

This year's Nobel Peace Prize for "efforts to achieve a world free of nuclear weapons and for demonstrating through witness testimonies that nuclear weapons...

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