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PZU forging ahead

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The insurance giant closed the first quarter in good style. Investors could see record premium (5.8 billion PLN) and – in comparison with the previous year – doubled net profit. However, it was not the results that made competitors shake their heads in disbelief – the reason for which PZU is topping other insurance companies is the combined ratio, which measures profitability of particular business lines. For third party insurance policies sold by PZU, at the end of March it increased by l Read more

What Will Be The Result Of The New Energy Law’s Coming Into Effect?

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From October, new regulations concerning obligatory stocks of gas are to come into effect. According to them, each business performing foreign trade in natural gas will have to store the stocks in the country, use ticketing service (currently in our country it is offered by PGNiG) or use warehouses outside of the country (in EFTA or EU countries). According to the bill’s statement of reasons, the goal of the proposed change is elimination of regulatory loopholes that lead to “leakage” of t Read more

2018 GDP growth will be 3.8%, says the government

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As the first half of 2017 is slowly drawing to an end, it is time to start making some plans with respect to 2018. Work on next year’s budget act has already started. The Government Information Centre announced that Polish government has approved of the budget assumptions that will constitute the foundation for constructing the most important piece of legislation for public finances in the country.   The Ministry of Finance predicts that Polish economy in the twelve months of 2018 will Read more

Poland in UN Security Council

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On 1 January the date of joining Poland in UN will be appointed as a non-permanent member of the United Nations Security Council. One of the most renowned political organizations in the world will open its door to Poland as well as four other new members: Côte d’Ivoire, Equatorial Guinea, Kuwait and Peru. The new non-permanent members of the Security Council will serve two-year terms. The Security Council is a UN body that deals with matters of international peace and security. After Poland Read more

Discussion on divergent gas policies of Warsaw and Berlin

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Looking at the recent events, it does not seem likely that cooperation between Poland and Germany on cutting monopoly undertakings of Gazprom becomes real. One of the key issue that specialists highlight is the fact that when it comes to Germany – Russia relations, it is Russia that is more interested in smooth cooperation. Even though possible disagreement would generate vast expenses for both parties, it is Russia that is more dependent on Germany. Another point in favour of the stronger pos Read more

EY: Poland one of top 5 investment destinations

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EY’s Attractiveness Survey Europe names Poland as Europe’s fifth most important destination in terms of foreign direct investment. In 2016, the country was chosen as a location for 211 FDI projects, a twelve percent increase compared with 2015. In terms of job creation, the data is even more impressive. Poland landed second on the list, beaten only by the United Kingdom. Investment projects brought over 22 thousand jobs.   EY notes that the CEE region “had a strong momentum in 2016 Read more
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