Tag: Investments in Poland

27
Apr
11
Apr

Crisis will change the Polish and global economy.

Economic or political disasters introduce changes in the world economy and in national economies. Economists are also expecting change now, although we will know the effects of the pandemic in a few months. The recession of globalization and greater state interference in the economy are predicted.Continue Reading..

30
Mar
24
Mar

Polish transport companies are already on the verge of collapse due to the epidemic.

Carriers are getting into debt, the industry is starting to lose financial liquidity. The virus reduces revenues from public transport by up to 80 percent. Polish transport is sinking. The number of routes of Polish carriers dealing in international road transport of goods, controlling one quarter of the EU market before the epidemic, has halved due to the decrease in orders.Continue Reading..

22
Mar

Brexit and the Polish economy – consequences

Each scenario of Great Britain leaving the European Union has significant consequences for both the economy and ordinary citizens. For now, London needs to negotiate new terms of cooperation with the European Community. The problems will start on January 1, 2021.Continue Reading..

06
Mar

Fuels can get cheaper, oil prices are already very low.

The sharp sell-off in the oil market will translate into the fuel market. In the perspective of several days, prices at stations can fall by 15-20 grosze. The question arises what to do next with oil. The price collapse may affect the decline in shale oil production in the US, where the average cost of production is $ 35-40. per barrel. But the crisis, and thus nervousness in the oil market, can still last.Continue Reading..

28
Nov

Amazon will employ over a thousand people in Gliwice.

Over a thousand people are expected to find employment in the Logistics Center E-Commerce, which Amazon plans to open in Gliwice. It will be the eighth such Amazon center in Poland, the largest in terms of area. Recruitment of employees has already begun.Continue Reading..

25
Sep

The Polish Bank PKO BP warns of fraud on PSD2

The Polish bank PKO BP warns of fraudsters pretending to be bank employees on the phone. Citing the PSD2 directive, they ask you to install additional software which they will send by email. In fact, it is for phishing.Continue Reading..

16
Jul

Main relevant issues related to the Bitcoin cryptocurrency.

Bitcoin is a form of digital currency, created and stored electronically. Established in 2009, by its creator Mr. Satoshi Nakamoto. It was the first virtual payment method of this type in the world. Thanks to several important features, it is one of the largest financial innovations of recent years.

At the moment, due to the lack of bank intermediation in funds transfer, bitcoin is considered by many investors as a cheaper alternative, especially for larger amounts.

Two other important features of cryptocurrencies payment system are definetely security and anonymity. Information on transactions carried out using bitcoin is encrypted using a technology called “blockchain”. At the moment, its mode of operation and continuous verification seems to be virtually unbreakable. Creating an account in this cryptocurrency has no formal conditions and the accounts are anonymous. The only thing the user receives to the invoice is a 54-character login and password.

A huge advantages of this payment method are also the speed and ease in making the transfers online. In the process of transferring funds, the distance to the place where we send the money does not matter and the transaction is carried out without intermediaries. Bitcoin transfers have no restrictions in the form of weekdays or holidays, we can send funds 24 hours a day, 7 days a week. Transactions are approved almost every 10 minutes.

In comparison to traditional banks that have a centralized database system, information about the status of bitcoin accounts is simultaneously found in many places on earth in the same form. That makes it definetely more secure.

These factors as much as the fact that according to the assumptions, a limited amount of 21,000,000 bitcoins will be created by 2140 have largely influenced the popularity of bitcoin, which is reflected in its market value. At present, approximately 16,500,000 bitcoins have already been circulated, and the pace at which others will hit the market will slow down.

10
Jul

What is Bitcoin cryptocurrency and BTC exchange?

Bitcoin is a form of digital currency, created and stored electronically. Established in 2009, by its creator Mr. Satoshi Nakamoto. It was the first virtual payment method of this type in the world. Unlike traditional, physical currencies like euros or dollars, Bitcoin is not printed – it has no physical form. Instead, bitcoin is created by computer scientists around the world, using programs that solve mathematical problems.

Bitcoin becomes very popular exchange medium that we can pay for more and more products and services. Day by day we can hear that more institutions, stores and other companies are starting to accept bitcoin. It is also a currency that has no physical form and can be sent immediately to anywhere on earth. This has a lot of advantages compared to e.g. international bank transfers, where money has to go through several banks along the way, and thus be saved on several subsequent virtual account books.  

Banks are another significant difference between cryptocurrencies and physical cash. The central bank’s mission is to stabilize its own currency. It can increase the money supply, which we call ‘reprinting’ to cover government debts, thereby devaluing the currency. However, in the case of digital currency, there is no such thing as Bitcoin Bank that would also be its regulator. This is due to the fact that Bitcoin is a bank in its own right. The independent accounting book contains information about the ownership status of all users and the history of transactions between them. To open an account with cryptocurrency, just download the special application and generate a login and password. Each user’s account is completely anonymous and has no formal requirements.

Here the meaning of the term “crypto” is revealed to us, because the above-mentioned information is just encrypted inside bitcoin. The way encryption is done is a revolution in the field of information technology – it is called “Blockchain”.