Deloitte: Poland enters the phase of economic expansion

The divergence of economic moods in Poland...

Two Years On: War in Ukraine and Its Global Impact

On February 24, 2022, a full-scale Russian...

Global Insurance Prices Stabilize After Upward Trend

Insurance prices worldwide increased by 1% in the first quarter of 2024, down from a 2% increase in the fourth quarter of 2023, according to the latest Global Insurance Market Index report published by Marsh, a leading global insurance broker and risk advisor. In the...

Holding the fort. Property investment market in Poland. Q1 2024 report

The most significant challenge over the past two years has been the disparity in price expectations between sellers and buyers. Some wanted to sell at pre-pandemic prices, while others sought discounts due to current...

Meta stock price tumbles despite strong earnings

Meta Shares, the owner of Facebook and Instagram, are down over 16% before the US markets open despite very strong first-quarter results that exceeded analysts' expectations. Investors are disheartened by poorer forecasts for...

Polish VC Market Sees Investment Decline in Q1 2024, But Future Looks Brighter

PFR Ventures and Inovo VC have prepared a report summarizing transactions in the Polish venture capital (VC) market for the first quarter of 2024. The data shows that during this period, 30 companies raised 173...

Gold Prices at the Peak: Could It Get Even Pricier?

The contrasts in the gold market are more evident now than ever before. Recently, historical peaks were recorded slightly above $2,430 per ounce, followed by the largest daily loss in years just a...

China accelerates investments in renewables while continuing to build coal capacity

The increasingly severe effects of climate change, coupled with a desire to build energy security and reduce reliance on external raw material supplies, have prompted the Chinese government to make swift investments in...

Polish Infrastructure Bottlenecks Limit Grain Exports and Ukrainian Transit

The lack of investment in ports and railroads is limiting the export potential of agricultural goods and poses a problem for the transit of Ukrainian grain. The construction of agroports is essential. "We are facing a large surplus of grain that needs to be exported as quickly as possible to free up storage space for the next harvest season, and therefore a faster pace of export is needed," says Stefan Krajewski, Deputy Minister of Agriculture and Rural Development. Some experts, however, question the long-term justification for such investments. Poland is one of the main grain exporters in Europe. According to the Agricultural Market Agency (KOWR), from July 2022 to April...

Adam Bodnar Forms Investigative Team to Probe Use of “Pegasus” Software by Public Officials

Adam Bodnar has established an Investigative Team within the National Prosecutor's Office to examine the legality, appropriateness, and correctness of the use of the...

March 2024 Polish Labor Market: Layoffs Up, Job Openings Steady, Unemployment Down

At the end of March, 159 companies declared group layoffs affecting 17,000 employees, as...

Average Salaries in Poland Reach New Record Despite Employment Decline

The average monthly salary in enterprises in March this year increased nominally by 12% compared to the same period last year, amounting to 8,408.79 PLN gross. Average employment, however, decreased by 0.2% reaching...

Coffee Prices Surge: Weather Woes and Supply Chain Struggles Hit Consumers

COFFEE: Prices have risen by 25% this year, as bad weather has affected crops in Brazil, the main producer of Arabica coffee, and in Vietnam, where Robusta is grown. This is the latest...

Marshal HoÅ‚ownia Refuses Constitutional Tribunal’s Order, Vows to Continue Proceedings Against NBP President GlapiÅ„ski

Marshal Hołownia announced that a copy of the Constitutional Tribunal's decision aimed at preventing the Sejm and its bodies...

20 Years in the EU: Polish Jobs Boom Thanks to Single Market, Exports Drive Growth

This year marks the 20th anniversary of Poland's accession...

Two Speeds in Europe: Services Surge, Industry Sputters

Services in Europe are performing well, in contrast to...

ORLEN VC invests in EUROLOOP – producer of ultra-fast electric vehicle charging stations

ORLEN VC Fund has invested in EUROLOOP, a manufacturer...

Ciech to become Qemetica, focus on global business

Business globalization, including potential acquisitions in Europe and beyond, is one of the main goals of the new strategy for the Ciech Group. The...

InPost Group Strengthens Leadership: New CEOs for Key European Markets

New managing directors are joining the InPost Group, taking on the CEO role in key markets. Neil Kuschel has been appointed Managing Director at...

CIECH Group to Rebrand as Qemetica in June, Announces Ambitious Growth and Sustainability Strategies

In June, the name of the CIECH Group companies will change. The abbreviation CIECH will be replaced by the new name: Qemetica. The planned...

Eurozone Manufacturing Slips Further, Services Shine: Split Economy Raises Questions for ECB

The April PMI for the manufacturing sector in the eurozone was 45.6, down from 46.1 the previous month. The reading was worse than forecasts,...

Warsaw Office Buildings Embrace Retail and Services as Demand for Pure Commercial Space Dwindles

Already 64% of office buildings in Warsaw offer at least one service and retail space – according to the "Retail @ Office" report prepared...

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