Poland
COMMENT: Improving sentiment in global markets amidst uncertainty
The global economic recovery continued throughout the quarter, and the OECD now expects world GDP for 2020 to contract by only 4.5%, compared with 6% in their previous forecast from June. Equity markets have done better than expected.
Innova Capital buys into Polish software house STX Next
Europe's largest software house specialising in designing and creating digital solutions in the Python programming language plans to continue growth in markets such as the UK and the US.
Poland’s retail sales accelerate growth in September but recovery might be short-lived
Strong rebound for the sector in Q3 was followed by hike in new COVID-19 cases and tightening of containment measures.
Soaring COVID-19 cases in parts of Central and Southeast Europe force governments to impose new restrictions
Emergency measures including shop closures in Czech Republic as it struggles with huge surge in new cases. Healthcare services under pressure across the region.
Poland signs nuclear power development agreement with US
Warsaw plans to build as many as six reactors by the early 2040s in a decisive step towards decarbonisation of the emissions-heavy energy sector.
Poland’s core inflation bounces back up to 4.3% y/y in September
Strong rise of Polish core inflation in September reflects regulated price effects and the impact of strong fiscal stimulus on consumption, analysts say.
Poland to set up makeshift hospitals as COVID-19 second wave bites hard
The fast-rising second wave of infections is threatening to overwhelm the country’s healthcare system.
Poland’s CPI picks up to 3.2% y/y in September as COVID-19 restrictions drive up cost of services
More expensive services resulted from companies transferring costs of heightened sanitary standards onto consumers, as well as an outflow of foreign workers.
Poland, Russia heading for long-running legal dispute over Nord Stream 2
Poland and Russia look set for a lengthy and arduous legal dispute, after Polish antimonopoly watchdog UOKiK last week slapped Kremlin-run gas supplier Gazprom with a $7.6bn fine for going ahead with the Nord Stream 2 pipeline without its consent
CEE-4 growth pulls ahead of the rest of Europe
After two and half decades as members of the EU, the leading four Central European countries of Czechia, Hungary, Poland and Romania are pulling ahead of their peers, but remain vulnerable thanks to their reliance on the automotive sector.
Polish industry’s recovery continues sluggishly in September
Poland's Purchasing Managers' Index (PMI) inched up 0.2 points to 50.8 in September, but the rebound that began in July is fading.
CEE second wave threatens to stifle recovery warn Fitch Solutions analysts
CEE economies have weathered the crisis better than their western peers, but a second wave threatens to stifle demand and add to political volatility.
The EU summit puts its credibility on the line
The EU’s credibility was on the line as delegates met on October 1 in Brussels for a two-day summit to discuss a slew of headaches plaguing the Union.
Czechia and Slovakia declare states of emergency to tackle coronavirus second wave
Central and much of Southeast Europe have seen new COVID-19 cases soar amid autumn second wave.
Poland’s Kaczynski steps into the limelight in government reshuffle
Tensions within ruling coalition prompted Kaczynski to take up first official government position, which is likely to shift balance within cabinet.
Poland tightens restrictions in response to rising coronavirus cases
Poland recorded 1,326 new coronavirus cases on September 29, the third consecutive day when 1,300 cases were confirmed.
Poland’s top e-commerce firm Allegro sets maximum IPO price at PLN43
Pricing puts the offering’s valuation at PLN8.1bn, one of the biggest-ever IPOs on the Warsaw bourse.
BRICKS & MORTAR: The office isn’t dead but it is evolving
The coronavirus pandemic has had a seismic effect on the real estate sector, and the office segment is no exception.
Poland to close coal mines by 2049, miners and government agree
Poland’s last two coal mines will cease operations in 2049, according to an agreement reached by the country’s powerful mining unions and the right-wing populist government.
Polish miners escalate protests as restructuring talks with government stall
Warsaw has proposed that coal’s share in electricity generation will fall to 37-56% in 2030 and then to just 11-28% in 2040. Miners flatly reject the plan.