Investments and Projects
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Fitch upgrades Poland's GDP growth to 4.4 pct in 2017
Fitch rating agency has upgraded Poland's economic growth estimate to 4.4 percent in 2017 from the 4.0 percent expected earlier, according to a report published on Monday.
Poland signs five-year deal for US gas supplies
Polish gas giant PGNiG and British energy company Centrica have signed a five-year deal for the supply of nine shipments of US Liquefied Natural Gas to Poland, PGNiG has said.
EXPO in Łódź: An opportunity for Poland and Central Europe
Łódź is a candidate to host Specialised EXPO 2022. It proposes the flagship event "City Re: Invented,” a newly created city. The theme of change of a post-industrial centre refers to the successful transformation of Poland and other countries of Central Europe, writes Adriana Skorupska in an analysis for the Polish Institute of International Affairs.
Poland: creative people, smart energy
The theme of the EXPO 2017 International Exposition, launched on 10 June, is "The Energy of the Future." Visitors to the Polish pavilion will visit a true forest where, alongside forest scents and bird singing, they will learn about innovative solutions in green energy, afforestation and urban regeneration.
A builder of bridges in America
Rudolf Modrzejewski's career across the Atlantic was certainly helped along by the fame and connections of his mother, a prominent actress, but also by the comprehensive engineering education he obtained at France’s leading university. He is known in the United States to this day as Ralph Modjeski.
With a Lion of Lehistan
On April 29, 1924, the Polish mark was replaced by the Polish zloty. This was one of the key reforms undertaken by the conservative cabinet of Prof. Władysław Grabski. Just before the 92nd anniversary of this reform, Narodowy Bank Polski (NBP - National Bank of Poland) introduced a new 500-zloty banknote. Apart from its aesthetic and technical qualities this work of art – which has already attracted international acclaim – also has important functional attributes: it is supposed to contribute to the undisturbed circulation of cash in Poland and reduce the cost of issuing money.
200 years since the establishment of Warsaw’s first stock exchange
Although the Warsaw Stock Exchange (WSE) has been operating for 26 years, the Warsaw capital market has a tradition dating back to the Kingdom of Poland.
European Economic Congress kicks off in Poland
Entrepreneurs, EU officials and government ministers will debate key issues at the European Economic Congress. The event in Katowice is billed by its organisers as the most important business meeting in Central Europe.
Fashion Polish style
Fame, money, having your own TV programme. Hundreds of young people who dream of becoming designers see themselves posing for photographs in glossy celebrity news magazines or being presented on Paris catwalks. Such is the striking power of the myth of haute couture.
Good Change in the economy
When a few days ago the rating agency Moody’s raised its growth forecast for Poland’s GDP from 2.9 per cent to 3.2 per cent, the Ministry of Finance commented that “although the revision is not substantial, it is definitely pointing in the right direction”.
The Visegrad Group as Europe’s start-up
"Ideas that change the world can be born anywhere," YouTube CEO Susan Wójcicki told the CEE Innovators Summit. Spoken by her, these words did not come across as banal because it was in her garage that Google was born. Much in the same way, Poland and Central and Eastern Europe could become the cradle of great innovations that touch the lives of hundreds of millions of people around the world.
Polish voice in Baden-Baden
“It was worth going to Baden-Baden for the meeting of finance ministers and central bankers of the richest countries in the world to present our position on many global issues, and at the same time promote Poland’s economic achievements,” commented Deputy Prime Minister Mateusz Morawiecki, who participated in the event.
The World Bank commends Poland
The economic development of Poland has been a huge success in recent years, but further reforms are needed in order to meet citizens’ expectations of catching up with the rest of the European Union – this is the main conclusion of the World Bank report presented yesterday.
A hot spring on the job market
Nearly one in three employers in the building and industrial sectors are planning increased employment in the second quarter of the year. In transport and logistics, one in five firms have declared such an intention. On the other hand, very few companies (five out of a 100 on a nationwide scale) are planning layoffs over the coming weeks.
Poland given award for green bonds issue
Poland has been given an award for becoming the first country to issue green bonds last December, generating PLN 3.4 billion (EUR 789 million) for environment projects.
Poland up in Women in Work Index
Poland has ranked ninth in PwC’s index of women in the workplace, jumping three spots since a year earlier and gaining the most ground of all countries in the report.
Poland ranked 45th on Index of Economic Freedom
Poland has been ranked in 45th place in this year’s edition of the Index of Economic Freedom prepared by the Heritage Foundation and the Wall Street Journal. A year ago it came 39th and in 2015 it claimed the 42nd spot. Poland’s economic freedom indicator was calculated to be 68,3 points, in comparison to 69,3 points last year.
Poland may be fastest-growing large economy in EU by 2050
Poland has the potential to be the fastest-growing large economy in the EU, auditing and corporate advisory firm PwC has said in a new report on long-term global perspectives to 2050.
New Polish PLN 500 note to enter circulation
A new PLN 500 banknote will enter circulation in Poland on 10 February, the country’s central bank has said.
Poland signs strategic cooperation deal with General Electric
Poland’s Ministry of Development on Thursday signed a strategic cooperation agreement with US multinational General Electric.
History of Porcelain Street in Katowice
Political systems come and go, national borders change, but porcelain has been here for nearly a century. Though nowadays little more than a backdrop to a flourishing business, it is a noble backdrop all the same.
Poland moves up in Bloomberg Innovation Index
Poland has moved up one notch in the 2017 Bloomberg Innovation Index, climbing to 22nd place from 23rd last year.
Morawiecki will have his budget success
2016 was the third year in a row that the deficit not only fell year-on-year but also went below the 3 per cent of GDP threshold.
Rolls-Royce to invest in Poland
British engineering conglomerate Rolls-Royce will invest in Poland, Deputy Prime Minister Mateusz Morawiecki has announced. He told PAP in London that the company’s research and implementation centres will be set up in Ropczyce near Rzeszów, creating up to 3,000 jobs.
The constitution revolution is a great hope for companies
“This is a step in the right direction, but what is most important is how it will be implemented,” say entrepreneurs about the new law on business.
Polish food exports pick up again
Second half of the year is good for exporters. Chances of breaking another record growth.
Young Poles gain financial clout
One in three Polish teenagers uses a debit card. Though the youngest customers still use their funds primarily for consumption, the number of those who decide to save their money is on the rise.
The presidents of the Visegrad Group countries maintained their negative assessment regarding the construction of the Nord Stream II gas pipeline and spoke out in favour of continuing efforts to diversify gas supplies to Central Europe.
Shops stock up for Xmas holidays with 500+ boost predicted
Every year, the shopping season starts earlier than it did in the preceding year. The number of gifts bought online is also on the rise.
Toyota announces new production lines in Poland
Japanese car company Toyota has announced plans to build new production lines for hybrid engines in Poland’s southwest to the tune of PLN 650 mln (EUR 150 mln).
PM confirms Mercedes project in Poland
The Polish prime minister has confirmed a deal with carmaker Mercedes Benz to build a factory in the country, saying the project is part of a government drive to boost the economy.
The New Silk Road
This project, which refers to the ancient trade route, intends to be a building block for Poland’s national brand, presenting Poland as a friendly country with high ambitions and huge opportunities. “Rzeczpospolita” has assumed the media patronage of this ambitious initiative.
Eco-extortionists, a large-scale enterprise
Every second businessmen has at some point been forced to pay environmental companies for withdrawing from proceedings relating to its construction plans, says the Polish Association of Property Developers.
The French conquer Podkarpacie
Safran, a European aircraft, arms and aerospace company, is boosting its investment in Poland.
Decision-makers flock to Krynica Economic Forum
Politicians, the heads of major state-owned companies and experts are descending on the southern Polish resort of Krynica-Zdrój for an annual economic forum starting on Tuesday.
Krakow to become cyber security hub
Until not too long ago, most of society at large associated the term “cyber-security” with science-fiction literature and films. However, in 2015 the word became en vogue. Not thanks to books, but rather due to the ever-closer connection of the field with everyday life. And thanks to initiatives such as the CYBERSEC conference, which took place in Krakow in September.
Morawiecki takes charge of the economy
Deputy Prime Minister Mateusz Morawiecki will take full responsibility for implementing the government’s economic plan, already dubbed the Morawiecki Plan.
We have huge potential
“We have huge human potential and this is the most important factor when it comes to the development of Polish innovation. This is an incredible situation, where all organs of power have put a great emphasis on the start-up community and young technological firms that have something interesting to offer,” says Jadwiga Emilewicz, Undersecretary of State in the Ministry of Economic Development, in an interview with Poland.pl.