Lublin, a city in the east of Poland, has been chosen as a location for a biomass Combined Heat & Power (CHP) plant. The investor is Norwegian company called TergoPower. The renewable energy company operates in Norway, Sweden and Poland. The plant is to produce energy from fired straw bales. The location – Lubelskie region…
A new tech initiative was launched on 5 February at Google Campus Warsaw. Girls in Tech – a San Francisco – born non-profit organization with a mission to encourage and support women in their ventures into the world of IT, is now officially present in Poland. The official launch event of the Polish branch was…
The National Bank of Poland publishes quarterly information on payment cards in Poland. It has recently released the data collected for 3Q2015. The report presents and analyses all major figures regarding cards and card holders. The report is compiled based on the statistical information obtained from card issuers and acquirers. In summary, Polish people are…
2016 budget act was passed through the Sejm (lower chamber of Polish Parliament) on Saturday. The state’s presentation of the planned revenue and spending closes with a deficit in the amount of 54.7 billion PLN. Polish MPs worked on over three hundred proposed amendments and eventually approved of the financial plan for 2016. The proposed…
It has been known for some time that Polish government has plans to introduce a new levy on retail sales. The original idea was to tax large retail chains, like Tesco or Lidl. The number of small shops in Poland has been continuously going down for some time. Ministry of Finance finally revealed some information…
Business Centre Club held its annual Great Gala of the Leaders of Polish Business. The Gala took place in Polish National Opera. During the ceremony, 16 Polish companies were awarded, out of 27 that were nominated for the honour. The award has been presented since 1992. The golden statues are presented to the companies and…
Last week Bloomberg published its Innovation Index for 2016. Poland took the 23rd position on the list of the world’s most innovative economies, surpassing such countries as Italy, Spain, and Portugal. The country moved up two notches from last year, when it was ranked 25th. The ranking is led by South Korea, with the total…
Polish media buzzes with emotion in the aftermath of Standard & Poor’s decision to lower Poland’s credit ranting announced on Friday. This is the first cut with respect to Poland’s ranking in 25 years. The downgrade came as a surprise. The rating with regards to long-term currency debt was changed from “A-“ to “BBB+”, with…
It has been a good year for Polish Power Exchange (TGE – Towarowa Giełda Energii). Electricity and gas trade volumes on spot markets reached new highs in December 2015. The same thing can be said about the entire 2015. The volume of gas trade on the spot market rose by astonishing 114 percent in comparison…
December will be another month of falling prices in Poland, as deflation does not seem to be going away, as the recent CPI data indicate. They key reason for this is the current situation on the oil market, with crude oil prices staying on the low level. Cheap oil means low energy prices bringing down…
