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European Economic Congress and European Start-Up Days

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The 10th of May is the onset of the European Economic Congress. The meet-up of business experts, entrepreneurs and government officials, which takes place in Katowice, will span three days and feature an array of discussion panels, presentations and talks. A part of the Congress is European Start-Up Days, an event devoted to innovation and young entrepreneurs who want to change the wor Read more

Ministry of Finance Prepares A New Act On Money Laundering

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Government officials published a project of a new act on counteracting money laundering and financing terrorism. The Ministry of Finance is working on new legal provisions due to changes to the EU law. Polish regulations need to be up to date with the law on the European level, as any new provisions passed by the European Parliament affect legal provisions in each Member State. Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of t Read more

Won tender for construction of a gas and steam unit in Żerań

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PGNiG Termika chose the winner of the tender for construction of a gas and steam unit in the CHP plant in Żagań. It was the consortium of Mitshubishi Hitachi and Polimeks-Mostostal. Tender bids opened on 16 February. The winners priced the work at 1,102 billion PLN and 111,93 million euro. The amount of the second bid, which was declined, submitted by GE Power and General Electric International consortium, amounted to 1,369 billion PLN and 114,85 million EUR. PGNiG Termika commented on the dec Read more

JP Morgan Chase Likely To Move To Warsaw

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JP Morgan Chase is looking for a place for their new operations center. Although the big news has not yet been officially confirmed, it appears that one of the biggest financial corporations in the world chose Warsaw as the seat for their new premises. The news came from the Reuters agency in the last week of April. The reporters quote three anonymous sources who are almost certain that the bank’s representatives are keen to set up the institution’s new back office in the capital of Poland. Read more

Samsung Electronics opens an incubation lab in Rzeszów

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Samsung Electronics, a South Korean electronics company, opened a lab for Polish start-ups. Samsung Incubator area is located in Rzeszów, the largest city of the Subcarpathian (podkarpackie) voivodship, within the premises of the Rzeszów University of Technology. The place will offer support, advice, and tools for young entrepreneurs interested in developing innovations in the field of the Internet of Things. These include ideas connected with wearable technology and smart home solutions. Pol Read more

GDP growth at 3.9% in 2020, says the government

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The Council of Ministers revealed its predictions with regard to the economy of Poland in the upcoming three years. The presumptions will be used to prepare the State’s Multiannual Financial Plan for the years 2017-2020 and an update of the country’s convergence programme. The government’s outlook is positive.   The Multiannual Financial Plan is the foundation upon which the budget act is constructed. It presents the country’s macroeconomic assumptions for three consecutive years. Read more
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