Tag: Polish economy


The pandemic will strengthen the Polish start-up market.

The startup market in Poland will be stronger after the end of the pandemic. Every crisis is a good ground for the development of innovation. You can also see that now these types of entities are doing well. In addition, the current situation creates a chance for development for Polish companies operating in the field of broadly defined preventive healthcare. It is also an ideal time for projects related to the online area, including remote work or e-education. But a pandemic also has risks. Some of these companies will collapse. It can already be seen that investors are more willing to limit the risk, preferring to subscribe for smaller shares. However, such moves do not discourage the industry. It is just the opposite.Continue Reading..


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..


Coronavirus has changed the habits of Poles – they are increasingly buying Polish products.

Consumers are more likely to pay attention to the origin of products and are more likely to choose national ones. In this way, they want to help Polish companies and support the economy. This tendency is also due to the belief in greater security of domestic articles.Continue Reading..


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..


Entrepreneurs are concerned. Trade with China is dying

Coronavirus is becoming more widespread and has a negative impact on global markets. If the current collapse of the Chinese economy continues, this will affect the supply chain and many Polish companies will find themselves in a very difficult position.Continue Reading..


Poles are falling into ever greater debts.

Polish people are getting into higher and higher debts. The number of 40% of the consumer loans are contracted for more than 50 thousands PLN.Continue Reading..


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..


Why banks reduce interest rates on deposits.

The rate reductions are due to the fact that this strategy brings double benefits to banks. First of all, paying lower interest costs less. In addition, some people discouraged by low interest rates give up deposits and simply keep savings on an interest-free bill. This means for banks a free source of financing. In addition, the advantage of deposits over loans granted is increasing in the banking sector. The value of the former is already 13 percent higher than loans. For comparison, in 2011 the situation was opposite – the value of loans was up by 14 percent higher than deposits. Banks are therefore less and less motivated to pay us high interest rates. They are not able to earn part of our savings because they give too little credit.


The Swiss Franc is the most expensive since the beginning of April

The Swiss franc, one of the more closely observed currencies in Poland, has risen in price compared to the zloty by about 2 percent over the past two weeks. The franc rate rose above PLN 3.81, reaching the level we recently observed at the beginning of April this year. Unfortunately, the franc may soon be even more expensive. Not only the Polish zloty but also the US dollar or the euro are losing to the franc. In two weeks, the franc strengthened against the euro by about 1.5 percent, and against the dollar by about 1.6 percent.