Warsaw could have large ring road by 2027

The large Warsaw ring road could be completed by 2027, according to the Minister of Infrastructure Andrzej Adamczyk. The road operator GDDKiA is now conducting analysis for the ring road to determine whether it should be 20 km, 30 km or 50 km away from the city center.

Poland needs more VC investors – Emilewicz

Poland lacks a well developed venture capital market, according to the Minister of Entrepreneurship and Technology Jadwiga Emilewicz. She said that the government is close to finishing its work on crating legal framework for the so-called simple joint stock company, which would make VC investments e...

Consumer loans exceed mortgage loans in 2017

The value of consumer loans granted by banks and bank-like entities (SKOK) stood at PLN 66.1 billion and significantly exceeded the value of mortgage loans, which came in at PLN 46.5 billion, according to Credit Information Bureau (BIK). “25 percent of consumer loans were granted for a period exceed...

BZ WBK launches blockchain foreign transfers

Lender BZ WBK, whose main shareholder is Santander, has launched its quick international payment service based on the blockchain technology. The pilot implementation includes both individual and business clients transferring funds to the UK. The bank is planning on allowing blockchain-based quick tr...

Poland 2nd most attractive investment location in CEE – AHK

Poland maintained its position as the second most attractive investment destination, behind Czechia, among CEE countries, according to a survey conducted by German-Polish Chamber of Commerce (AHK Polska). Poland received an overall score of 3.99 (on a scale of 1-6) in 2018, down from 4.09 in 2017.

Demand for mortgage loans up 13% y/y in March – BIK

The demand for mortgage loans in March (calculated as the total value of mortgage loans, for which inquiries were filed with Credit Information Bureau BIK) increased by 13 percent in March year-on-year, BIK stated. “In total 41,380 mortgage loan applications were submitted in March, compared to 44,7...

20 Polish firms in FT1000 ranking

Twenty Polish companies made it into the FT1000 ranking of the fastest growing European companies, published by the Financial Times. As many as 60 percent of the Polish firms were tech companies, including Benhaur (26th spot), Tooploox (30th), RTB House (46th), CodiLime (49th), Cloud Technologies (6...

Number of indebted millennials in Poland grew by 15%

The number of young debtors in Poland grew by 15 percent during the year.  About 154,500 millennials (aged 18-24) have problems with paying credits and bills. In total their debt amounts to about PLN 872 million,  BIG InfoMonitor and BIK reported.

Merrill Lynch with top trading volume in March on WSE

Merrill Lynch has maintained its leader position in trading volume on the Warsaw Stock Exchange in March 2018, followed by DM PKO BP brokerage. Merrill Lynch accounted for 11.23 percent of the total trading volume, while DM PKO BP for 7.73 percent, WSE stated. JP Morgan came in third with 7.32 perce...