Tuesday, December 3, 2024

Poland Among European Leaders in Holiday Spending Growth for 2024

According to the Mastercard Economics Institute, total holiday spending across Europe is set to increase this year. The fashion, electronics, and cosmetics sectors are expected to see further growth. Travel is also gaining importance during this period, especially to warm destinations. Despite increased purchasing...

December Market Outlook: Santa’s Rally Meets Powell, Lagarde, and Geopolitical Tensions

Despite the hot and stormy November, we don't slow down. December is not only about Santa Claus' rally. He will have to compete for attention with Powell, Trump, Lagarde, or Barnier. Even in...

2024 Black Friday Recap: Smarter Shopping with AI and a Surge in Mobile Transactions

Salesforce has released the latest data on Black Friday shopping trends, based on an analysis of over 1.5 billion consumers' shopping carts. Globally, online sales increased by 5% year on year, reaching a...

Global Anxiety Over Disinformation and Cyber Threats: How Poles Rank Above Average in Fear Levels

"World Affairs" is an annual report created by Ipsos in which respondents answer key questions related to social threats. This year's study involved 23,000 respondents, most often aged 18-74, from 30 countries, including Poland. We present...

Gold’s Rollercoaster Ride: China’s Secret Purchases and Poland’s Silver Market Shake-Up

The gold market is experiencing ups and downs, and the price of precious metals is undergoing significant fluctuations. There are also rumors that China has quietly resumed buying gold, though not officially announcing...

Prices of new apartments – November 2024 (preliminary data)

In November, the average price per square meter of new apartments in the Tricity increased by as much as 4%, exceeding the threshold of 16,000 PLN. Prices also rose in Poznan and in...

Polish banks targeted by cybercriminals

Polish financial institutions are among the most vulnerable in the Central European region to hacker attacks. On average, there are 1,728 attacks per single organization per week. Over the last 20 years, the financial sector has lost 12 billion dollars due to over 20,000 incidents of cyberattacks. Financial institutions in the EU must prepare for an arms race with cybercriminals. The cyber war of banks with hackers is becoming a real threat, where the aim of the attacks is to cause frustration and uncertainty among customers and authorities. The data from Check Point Threat Intelligence reveal that there are more attacks on Polish institutions than in the Czech Republic...

PGE and Ericsson Partner to Build LTE450 Network: A Game-Changer for Poland’s Energy Sector Digitization

PGE Distribution Company has signed a contract with Ericsson for the supply of nearly 600 power systems for radio base stations and aggregation transmission...

The office real estate market in Poland returns to an upward trend

The increasing volume of transactions in the Warsaw office property market, the return of...

Poles read, but bookstores are drowning in debt

The results of the latest "Survey on Books," conducted by IMAS International on behalf of the National Debt Register and Reliable Company, suggest that reading in Poland is doing well. Over 82% of...

Big Cheese Studio with over 140% increase in net profit after three quarters of 2024

Big Cheese Studio S.A., a video game producer and publisher based in Lodz and listed on the Warsaw Stock Exchange, generated nearly 5.5 million PLN in net profit in the first three quarters...

Bill on National Cybersecurity System Raises Concerns Among Entrepreneurs

The bill on the national cybersecurity system is completely detached from the realities of cyber threats, and at...

PTWP Group Reports 28% Revenue Growth in Q3 2024

In the third quarter of this year, the PTWP...

Fewer Loans, Lower Values: October 2024 Highlights Decline in Micro-Enterprise Financing

In October 2024, compared to October 2023, banks granted...

Record Demand for Corporate Bonds: Developers and Debt Collection Companies Remain Attractive Options

The growing reduction of subscriptions and falling margins offered...

Sfinks Polska Reports 9.2% Revenue Growth in Q3 2024

Restaurants under the Sfinks Polska umbrella, especially those operating under the SPHINX brand, generated revenues of PLN 154.31 million in the first three quarters...

Developers Call for Immediate Reforms to Boost Social Housing in Poland

The development industry is responsible for 98 percent of apartments in multi-family buildings. However, it is not able to meet all social needs in...

Black Friday in Real Estate: Developers Tempt Buyers with Discounts and Perks

Black Friday, a holiday of great shopping opportunities, has long been associated primarily with promotions for electronics, clothing, or beauty products. However, in recent...

WIG-Real Estate: A Bullish Outlier in a Weak Market

The Warsaw stock exchange (GPW) is currently going through another downward wave, propelled mainly by the sale of Polish blue chips from the WIG20...

Corrective Growth on EUR/USD Continues

Eurozone treasury bond markets were on the rise yesterday as US investors were absent due to Thanksgiving. Yields on French sovereign bonds were dropping...

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