Locked content Poland moves up in Bloomberg innovation ranking

Poland has advanced one position (from 23rd to 22nd) in the Bloomberg Innovation Index which ranks the most innovative countries in the world. South Korea remains in top spot, while second place this year is taken by Sweden, pushing Germany down into third place. The country that saw the biggest dro...

Locked content Sales in small-format stores fell by 4.2% y/y in December 

According to data from independent market research agency Centrum Monitorowania Rynku (CMR), sales in small-format stores in December last year fell by 4.2 percent y/y and in monthly terms increased by 9.7 percent. In the whole of 2016, sales in stores of this format increased by 4.2 percent. “...

Locked content iAlbatros Group wins EUR 30 million contract for reservation system

Hotel booking management service iAlbatros SAS – an indirect subsidiary of the iAlbatros Group – has signed a contract with the Centre National de la Recherche Scientifique (CNRS) to provide solutions for electronic booking. The agreement is worth approx. EUR 30 million, the company said...

Locked content Registrations of new passenger cars increased by 17% in December 

The number of new passenger cars registered in Poland amounted to 43,721 in December last year which represents an increase of 17 percent y/y, the European Automobile Manufacturers Association (ACEA) reported. Between January and December 2016 Poland registered 416,123 new passenger cars, an increas...

Locked content Poland to invest PLN 45-50 billion in 5-6 new power units

Energy minister Krzysztof Tchórzewski told the press on Tuesday that Poland will conduct an investment program in the energy sector with a value of approx. PLN 45-50 billion with the aim of building 5-6 new power plants in the coming years. He explained that construction already underway and those t...

Locked content 80% subsidy on new heating systems for poorest families

On Tuesday morning the Undersecretary of State in the Ministry of Development, Jadwiga Emilewicz, announced that the poorest families will be able to count on a subsidy of up to 80 percent when buying a new furnace. Emilewicz added that there are currently 5.5 million low-quality furnaces in Poland ...

Locked content Record number of tourists visited Małopolska voivodship in 2016

A record 14.9 million people visited the Małopolska voivodship last year – about a million more than in 2015, according to a tourism study presented on Monday. The increase is largely due to the World Youth Day event that took place in July in Kraków. “These results can be a source of pride an...

Locked content Ministry of Finance sells bonds worth PLN 2 billion

The Ministry of Finance today sold 32-week treasury bonds worth PLN 2 billion at auction. Demand amounted to PLN 4.280 billion. The minimum price for the bonds was PLN 9,905 resulting in a yield of 1.540 percent. At the beginning of January the Ministry of Finance sold 33-week T-bonds worth PLN 2.02...

Locked content Polish poultry exports to outside the EU increase by 36.2% y/y

Poland’s exports of livestock, meat, offal and processed poultry increased by 36.2% y/y from January to October 2016 and amounted to over 201,000 metric tonnes, the Foreign Agricultural Markets Monitoring body (FAMMU/FAPA) reported, citing data from the European Commission. In total, EU countries ex...