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Warsaw
Wednesday, May 22, 2024
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Alimony Debts Skyrocket: Unpaid Benefits Approach PLN 15 Billion

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Alimony arrears are hitting new records. According to data collected in the BIG InfoMonitor Debtors Register, the amount of unpaid benefits approached PLN 15...
Warsaw

Securitization of trade receivables in Europe and Poland: stable growth and prospects

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The European market for trade receivables securitization is experiencing steady growth, and current macroeconomic conditions, particularly persistently high-interest rates, should promote its further development,...
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CJEU’s Verdict in Favor of Swiss Franc Loan Holders

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In a verdict issued on December 14, the Court of Justice of the European Union (CJEU) disarmed banks in their battle against Swiss franc...
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CJEU Ruling Could Decimate Polish Banking Sector

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On Thursday, December 14, another significant ruling from the CJEU (Court of Justice of the European Union) concerning the settlements of franc borrowers with...
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Financial Institutions Prioritize Cybersecurity Investment Amidst Growing Digital Adoption

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Financial sector companies are evolving digitally, with cybersecurity becoming of ever-increasing importance. Organizations are increasingly aware of the impact of this aspect on their...
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Alarming Rise in Consumer Bankruptcies in Poland

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In the third quarter of this year alone, 5067 consumer bankruptcies were announced. The insolvent debtors' creditors lost PLN 146.5 million, according to data...
Jan Grzegorz Prądzyński, President of the Polish Insurance Chamber

Insurance Compensation Payouts in Poland in the Third Quarter of 2023

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During the three quarters of 2023, insurers paid out PLN 33.1 billion in compensation and benefits. This is 1.6% less than the previous year....
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Poland’s Financial Sector Gears Up for Green Transition

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The green transformation in Europe is increasingly influencing all sectors of the economy, including the financial industry. Successive regulations are forcing banks and other...
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Bitcoin at the service of the American Space Forces? It’s real and it makes...

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One of the branches of the U.S. Armed Forces may take a closer look at cryptocurrencies, not for financing an arms race but for...
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Mastercard Christmas Spending Survey Reveals Poles’ Gift Preferences and Finances

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Over half of the survey respondents intend to spend up to 1000 złoty on Christmas shopping; 46% of those surveyed admit that they...
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Best consumer sentiment in three years. It’s going to be a lavish December

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"This will be the most extravagant December in years. 'Consumer sentiments are the best since 2020.'" A decrease in inflation to 6.5%, a planned minimum...
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What gifts do Poles want for Christmas in 2023?

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Happiness, health, and so-called peace and quiet - 15% of Poles dream of such gifts. On the other hand, 12% of them would be...
nbp

Polish central bank keeps rates unchanged, citing uncertainty

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The Monetary Policy Council has decided to maintain the interest rate at its current level, given the uncertain global economic situation. In the Eurozone,...
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Polish Development Fund Demands Return of Subsidies from Foreign Companies

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The Polish Development Fund (PFR) is demanding the return of subsidies, this time those provided to the branches of foreign companies. The Financial Shield of...
MAŁGORZATA RUSEWICZ President of IGTE (Chamber of Commerce of Pension Companies)

Only 31% of young Poles under the age of 30 save for retirement

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A recent study on the awareness and attitudes towards the retirement system of young Poles reveals telling insights into their financial behavior and beliefs....
nbp

Fuel Prices Expected to Rise after Elections, Says Przemysław Litwiniuk

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In a recent statement on TVN24, Przemysław Litwiniuk, a member of the Monetary Policy Council, announced that fuel prices in Poland are anticipated to...
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Banks vs. Fintech. Traditional financial institutions can gain a huge advantage thanks to AI

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According to the Digital Economy and Society Index (DESI) in 2022, Poland ranked 24th out of 27 European Union member countries in terms of...
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Leasing is the second most commonly used form of financing

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The latest, 4th edition of the "Leasing Index" study conducted by Santander Leasing indicates that currently, 36% of small businesses report having used leasing...
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Economists: Glapiński destroys the reputation of NBP

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We are outraged by the content of the statement made by the President of the National Bank of Poland, Adam Glapiński, who unjustifiably accused...
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Record surge in consumer bankruptcies in Poland. Experts warn: this is just the beginning

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10 thousand individuals – that's the number of people declaring bankruptcy in just the first half of 2023 in Poland. Although there's still some...
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Polish companies becoming increasingly aware of cyber threats associated with AI

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Artificial intelligence (AI) can be used both for cyberattacks and for defending against them. According to a study by EY - "How Polish Companies...
Anna Głowacz, Head of Industrial Agency, AXI IMMO

Polish industrial market 2023 overview and outlook for 2024

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Poland's industrial sector slowed in 2023, but the market hopes to rebound in 2024. After the peak of take-up and supply in the so-called...
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The office market is adapting to the new reality

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Demand for offices remains high, but there is the least amount of space under construction in over a dozen years. The office real estate...