Faster, Better, More and Bigger!
“How much more can they build?” my friend visiting from Denmark asked me as I was showing him around Warsaw this summer, some 10 years after his first visit here. He is genuinely impressed by the way Warsaw is changing, becoming a European metropolis in terms of look, buzz and entertainment.
Judging from what the experts and the investors we have interviewed for this issue of Warsaw Business Journal have to say, the answer to my friend is – “much more!” Not just in Warsaw but in all major cities in Poland the appetite for investments and new projects is high and the plans go on for another decade. (Read what Ghelamco’s Jeroen Van der Toolen, Roger Andersson of Vastint, Harald Jeschek from Karimpol, and Panattoni’s Robert Dobrzycki have to say about that).
The trends are – New Downtown business districts, high-rises, mixed-use projects, urban logistics to facilitate the fast-growing e-commerce market all despite significant construction service costs increases. Read all about it in our comprehensive real estate coverage in Lokale Immobilia on pp. 51-77.
In our cover story this issue we take a look at another bright and shiny industry – the jewelry market – one of the fastest growing markets in Poland. We learn about how the small details matter and what the challenges are for one of the world’s top brands – Pandora from Denmark, which has its CEE HQ in Warsaw.
Talking success, in general Poland seems to have a positive surplus of investments at the moment – GUS just reported that foreign nationals are spending more than ever in Poland – some PLN 21.1 billion in H1 on goods and services, a 3.9 percent y/y increase – while Poles spent PLN 9.3 billion during their visits abroad.
23 years in a row! Book of Lists – Warsaw Business Journal’s annual collection of data from the key industries was published last month. On September 17 we gathered top business leaders from more than 30 of Poland’s sector leading companies to reward them for continued strong performance and ranking no. 1 in their market.
As usual, I wish you a great read – I hope you find something to make your day and business better – and if you have a story to tell then please do not hesitate to contact us – we are always looking for positive stories about and from Poland’s movers and shakers.