Inflation will average close to three percent in 2020, after peaking in the first quarter. In January inflation will reach 4.0 percent Marta Petka-Zagajewska, the Head of Macroeconomic Research at PKO Bank Polski told. In our view in the first quarter inflation will peak and the rest of 2020 will bring
Economics
Global pharmaceutical giant plans to invest about 0.35 billion euros in Poland
Global pharmaceuticals company AstraZeneca plans new investment projects in Poland, mostly in R&D, Prime Minister Mateusz Morawiecki said on Wednesday after he met with the company's CEO Leif Johansson during the World Economic Forum in Davos. "We talked about further investments in Poland," Morawiecki said after the meeting. "Today, I am
With Fosun left the race for GV Gold Kenes Rakishev and Sergey Trotsenko are ready to compete or cooperate for the company
Fosun Investment company tries hard to bargain some of the Russian gold mining company. But something makes their approaches ineffective. It seems that the quest for GV Gold mining company is just the latter addition to the previously failed attempts. Fosun tried to get into the stake of the biggest
Poland’s foreign trade surplus of € 1.9 billion after November – statistical office
Poland's foreign trade surplus reached EUR 1.9 billion at the end of November 2019, the Central Statistical Office (GUS) announced on Tuesday. Exports in the first eleven months of 2019 grew by 4.8 percent year on year to EUR 217.3 billion with imports going up 2.3 percent to EUR 215.4 billion. Expressed
Poland’s economic outlook for 2020
Poland’s economy, one of the top performers in the European Union, is likely to face a slowdown in the 2020. However, any economic downtrend will be rather moderate owing to still rising wages and strong social benefits that are boosting domestic demand. In the third quarter of 2019, Poland’s economy grew
Kazakhstan regulator OK’d the deal to sell Amanat Insurance to Kenes Rakishev’s Fincraft
The Polish market has potential – Koreans believe
Eugene Investment and Securities, a South Korean company, has bought the Feniks office building in Warsaw's Wola district. The building currently houses the Bank of Environmental Protection (BOŚ). “Warsaw is a very dynamically developing market in many different areas. These dynamics are very similar to that which was once characteristic of
Hungary takes over Poland in GDP per capita
Hungary has taken over Poland in GDP per capita terms, according to the latest data from the European Union's Statistical Office (Eurostat). The list contains final 2018 data from the EU member states, as well as countries from the Balkans region and Turkey. According to the Eurostat data, Hungary, whose GDP relative
Investments of the national railway network operator in 2020 will grow by 30%
PKP PLK, the Polish railway infrastructure manager, plans to increase the value of its investments by 30 percent in 2020 to some PLN 14-15 billion (EUR 3.28-3.52 billion), the company's CEO, Ireneusz Merchel, has told PAP. "Next year will be a year of continuation of the investments already launched," said Merchel
Industrial production in Poland grew in November – statistics
Poland's industrial production rose by 1.4 percent year on year in November 2019, and decreased by 5.8 percent month on month, the Polish Central Statistical Office (GUS), reported on Thursday. Economists polled by PAP expected November's industrial output to increase by 0.3 percent year on year and fall by 6.2 percent