France among Poland’s top economic partners: minister

Jadwiga Emilewicz, Poland’s Development Minister said on Tuesday that France is among the leading foreign investors in Poland, with investments worth over EUR 13 bn over the past decade. The minister told journalists that the mutual turnover between Poland and France has risen by over 380 percent since 2004 when

Price increase will be “moderate” after March – economist

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

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

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

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