COMMENT: Improving sentiment in global markets amidst uncertainty

Peter Hakansson Chairman and chief investment officer of East Capital October 23, 2020

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

bne IntelliNews October 22, 2020

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

bne IntelliNews October 21, 2020

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

bne IntelliNews October 21, 2020

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

Wojciech Kosc in Warsaw October 19, 2020

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

bne IntelliNews October 19, 2020

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

Wojciech Kosc in Warsaw October 19, 2020

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

bne IntelliNews October 17, 2020

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

bne IntelliNews October 13, 2020

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

bne IntelliNews October 10, 2020

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

bne IntelliNews October 2, 2020

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

bne IntelliNews October 1, 2020

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

Ben Aris in Berlin October 1, 2020

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

bne IntelliNews October 1, 2020

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

Wojciech Kosc in Warsaw October 1, 2020

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

bne IntelliNews September 30, 2020

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

Wojciech Kosc in Warsaw September 30, 2020

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

Clare Nuttall in Glasgow September 29, 2020

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

Wojciech Kosc in Warsaw September 27, 2020

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

Wojciech Kosc in Warsaw September 24, 2020

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.