Section: Warsaw Business Journal (Poland)
Foreigners spent PLN 38 bln on shopping in Poland
In 2015, foreigners spent PLN 37.7 billion on goods and services in Poland, that means a 6.4 percent y/y increase, the Central Statistical Office (GUS) reports. Meanwhile, Poles spent only PLN 18.6 billion abroad (2.7 percent y/y increase). According to the statement, Germans spent the most money (40.3 percent of the total amount). Second place...
Zdzisław Sokal becomes CEO of Bank Guarantee Fund
The council of the Bank Guarantee Fund (BFG) has appointed Zdzisław Sokal as the head of the organization, the company reported on Wednesday. Zdzisław Sokal has been the Vice President of PKO BP, Chairman of Kredobank in Ukraine and a member of the board at the National Bank of Poland. In September 2015, he became… This content is for Silver 6...
Idea Bank signs deal to sell GetBack for PLN 825 mln
Getin, a subsidiary of Idea Bank, has signed a conditional deal with Emest Investment to sell debt collector Getback for PLN 825 million, Idea said. The finalization of the agreement is contingent on several conditions, including the approval of Polish and Ukraine anti-monopoly watchdogs. GetBack is a debt collection company established in 2012....
Leszek Balcerowicz may become Prime Minister of Ukraine
According to the popular Ukrainian Internet newspaper Ukrayinska Pravda (“Ukrainian Truth”), Leszek Balcerowicz may become the Prime Minister of Ukraine. The newspaper claims that the President of Ukraine, Petro Poroshenko has sent a deputy (legislator) to Balcerowicz, who must convince the former Deputy Prime Minister of Poland to accept the...
LOT launches two new connections
A day after Poland’s flagship carrier LOT Polish Airlines launched two new flight routes to Ljubljana and Luxembourg, it announced two new connections to Ukraine’s Kharkiv, and Athens. “As a first European airline, the Polish carrier has linked eastern Ukraine with Western Europe, North America and Asia. And Athens is an increasingly...
Andrzej Żuławski dies aged 75
Andrzej Żuławski, a Polish film director and writer, died of cancer aged 75 on Monday. He was born in Lwów, now Ukraine. In the 50s, Żuławski studied cinema in France. After coming back to Poland, he was an assistant of Andrzej Wajda. Żuławski’s second filmThe Devil was banned in Poland, which forced the director to… This content is for...
Bloomberg’s forecast – Polish economy to worsen
Poland was ranked 27th out of 63, compared with 42nd last year, in the latest edition of the World’s Most Miserable Economies compiled by Bloomberg. Unfortunately, in this case an advance is not good news. Poland was downgraded due to Bloomberg’s concerns about the new government’s spending policy and possible growth of public...
EC maintains economic forecast for Poland
The European Commission raised expected GDP growth for Poland to 3.5 percent for this and next year and 2018, thus the forecast has not changed compared with the previous one. In the Spring edition (2015) of the report, the EC predicted Poland’s economy to grow by 3.3 percent this year, by 3.4 percent next year and to remain at 3.4 percent...
The Outsourcing Stars 2015 finals
On 28 January in Warsaw there took place a ceremony marking the end of the year in the outsourcing industry in Poland. The Outsourcing Stars 2015 Gala gathered 300 guests, including academics, businesspeople and representatives of industry organisations from 15 countries worldwide. Experts gave a summary of this successful year, in which,...
Poland advances in Index of Economic Freedom
Poland took 39th spot out of 178 in this years Index of Economic Freedom complied by The Heritage Foundation and The Wall Street Journal. Poland scored 69.3 points, 5.2 points more than last year. Hong Kong, Singapore and new Zealand lead the ranking. “Openness to global commerce and trade, competitive taxation, and an efficient regulatory system...
