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Moody’s upholds Poland’s rating, raises outlook

Rating agency Moody’s upheld Poland’s A2 rating and revised the outlook from negative to stable, citing reduced risks of loose fiscal policy and a lack of material deterioration in the investment climate under the Law and Justice (PiS) government.
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Report: 59% of SMEs implemented innovations last year

As many as 59 percent of Polish industrial SMEs have implemented any innovations last year, according to a report published by Siemens. Out of that number, 37.8 percent of implemented innovations were product oriented, while 32.7 percent concerned improving production technologies and logistics. The...
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Zortrax shareholders approve IPO plans

The shareholders of the 3D printing company Zortax have approved the company’s plan to enter the WSE main market, the company said in a market filing. “Our company has learned how to operate within the framework of financial institutions. Entering the WSE is the next, natural step for us, which will...
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President, PM congratulates Macron on election win

Polish President Andrzej Duda, and PM Beata Szydło sent their congratulations to the newly-elected French President Emmanuel Macron. “Mr President, please accept all the best wishes of success and prosperity to you personally and to France, as well as the French Nation under your leadership,” Duda s...
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New car registrations up by 20% y/y in Q1 – report

As many as 125,900 new passenger cars were registered in Q1 2017, 20.3 percent more than in the corresponding period of last year, according to a report prepared by consultancy KPMG and sector lobby PZPM. “We continue to see a rapid increase in the number of registrations in the premium car se...
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Polish emigrants transfer PLN 4.2 billion in Q4 2016 – NBP

Polish emigrant workers transferred PLN 4.2 billion to Poland in Q4 2016, PLN 100 million more than in Q4 2015, according to NBP. Long-term migrants transferred PLN 100 million less in Q4 of last year, but transfers from short term migrants increased by PLN 200 million, NBP stated. The transfers fro...
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PM Szydło denies cabinet reshuffle plans, disciplines ministers

PM Beata Szydło denied that she plans to reshuffle her cabinet anytime soon, which media has been hinting at for the last few weeks now. “It is not the time for such decisions,” government spokesman Rafał Bochenek said. The PM, however met with her ministers on Wednesday to discipline them and remin...
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Young Poles are deep in debt – report

According to the report released BIG InfoMonitor, young Poles (aged 18-34) have PLN 4.6 billion non-credit debt, while some 12 percent of (18-24 year-olds) have troubles paying their loans on time. “Between March 2016 – March 2017, the number of 18-34 year-olds with non-credit debt has increased by ...
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Nestle moves Blue Riband production to Poland

Food producer Nestle announced that it will move its production of the popular Blue Riband wafers to Poland, from its Fawdon factory. As a result of this and other cuts, some 300 people in the UK will lose their jobs. The wafers will be manufactured in Kargowa. “These proposals are being made by Nes...