Tag: Russia
Achieving Climate Neutrality Requires a Shift in Attitude from Banks and Governments
Reducing the Earth's temperature by an average of 1.5°C would decrease the likelihood of extreme droughts or water shortages. To achieve this, a rapid reduction in greenhouse gas emissions needs to happen and achieve...
Oil Price Plunge: Relief for Drivers, But Gas Stations May Take Time to Respond
On St. Nicholas Day, we might not have received the gift of cheaper loans from the Monetary Policy Council, but a reduction in oil prices will also please drivers. Considering more people in Poland...
Harmony Link – Rising Project Costs Call Its Implementation Into Question
Poland and Lithuania need an additional power connection to increase energy supplies via a bridge connecting our two countries, and also connecting mainland Europe to the socalled 'Energy Island' of the Baltic States, Lithuania,...
Polish and Ukrainian companies join forces to solve the transport crisis
The transportation crisis at the Ukrainian-Polish border is causing losses for many companies. Polish and Ukrainian businesses are creating a platform for dialogue to reach a consensus.
The Union of Entrepreneurs and Employers (ZPP) and...
Changes to EU treaties will be the biggest constitutional reform in the history of...
Changes in two key European Union treaties are a topic that has been stirring controversy in Poland for months, not only among politicians. The European Parliament has proposed in them that more decisions should...
OPEC’s Surprise Move: Postponed Meeting Sends Oil Prices on a Rollercoaster
"OPEC can be surprising. This time it alarmed markets by postponing its ministerial meeting by four days. As a result, crude oil prices fell by over 4% on Wednesday. Subsequently, a rebound was observed...
Poland Needs to Bridge Competency Gap to Stay Competitive in Digital Economy
Cybersecurity competencies are currently the most sought-after technological skills, especially in the Central and Eastern Europe region, and the competency gap in this area has intensified further following Russia's aggression against Ukraine, as reported...
Russian Plastic Flooding Polish Market, Threatening Domestic Recycling Industry
The recycling industry in Poland is currently on the brink of bankruptcy. Over 70% of recyclers had to reduce their processing capacities this year, and 30% have already had to shut down their operations,...
Central Banks’ Gold Purchases Support Prices Despite Unfavorable Factors
The largest gold buyer in the world is China, while the United States, Germany, and Italy have accumulated the most gold. The National Bank of Poland is also very active in acquiring gold, with...
Hacktivism: The Alarming Rise of Cyber Activism
Hacktivism, defined as the actions of criminal groups in cyberspace aimed at promoting socio-political agendas or spreading misinformation, has become an increasingly worrying phenomenon worldwide. In its most benign form, it can manifest as...
ORLEN will take control over key gas infrastructure
Europol Gaz, by the decision of the Minister of Development and Technology, will become the owner of the company's shares previously belonging to PAO Gazprom. Meanwhile, according to the decision of the President of...
Balticconnector gas pipeline damage to take months to repair, raising energy security concerns
The Balticconnector gas pipeline, which suffered significant damage on Sunday, will take months to repair, with the situation turning out to be more serious than initially assumed. The exact leak location and cause remain...
NBP bought approx. 100 tons of gold within 6 months
The National Bank of Poland (NBP) has continued its strategy of securing the country's financial stability through systematically increasing its monetary gold reserves since April this year. After purchasing additional tonnes in September, it...
Poland’s energy price protection measures among most effective in Europe, report finds
European countries have collectively allocated 758 billion euros to protect energy consumers from the sudden increase in energy prices, spurred in part by Russia's assault on Ukraine. However, the effectiveness of these unprecedented expenditures...
Weak signals of labor market cooling do not change Fed’s plans
Stock indexes end the week in the red. The dollar is stronger. The exchange rate of the main currency pair fell below 1.05 in recent days, and the week ends around this round level....
Russian plastic is flooding the Polish market. Extended Producer Responsibility is a necessity.
Every year, 4 million tons of virgin plastic are introduced to the Polish market. Poland is the only country in Europe that hesitates to implement Extended Producer Responsibility (EPR) for this type of waste,...
RPP’s Decision on Interest Rates. What Awaits the Zloty?
The dust still hasn't settled after the last decision by the Monetary Policy Council (RPP), which brought an unexpected cut of 75 basis points. A month ago, artificially imposed conditions necessary for a cut...
Poland’s PMI Index Points to Slowdown, but Labor Market Remains Strong
The market is in a surprising situation. Business sentiment indices directly point to an upcoming slowdown. On the other hand, the labor market is very strong and a recession does not seem to be...
Russian hackers attacked hospitals worldwide. The target was confidential patient data and ransom.
The United States and the United Kingdom have arrested and charged 11 Russians for running a cybercrime network that targeted hospitals.
According to Check Point Research analysis, in the first half of 2023 alone,...
Business bankruptcies in Poland on the rise, warns economist
The war in Ukraine, despite breaking out a year and a half ago, remains a significant factor not only for humanitarian reasons, but also for economic ones. Obviously, the initial shock at the end...
Polish companies becoming increasingly aware of cyber threats associated with AI
Artificial intelligence (AI) can be used both for cyberattacks and for defending against them. According to a study by EY - "How Polish Companies...
AGV and AMR: Revolutionizing Automation in Modern Manufacturing
In the rapidly evolving landscape of modern manufacturing, automation has become a cornerstone of efficiency and innovation. Among the most transformative technologies in this...
Property investment market in Poland. Q3 2024 report
Q3 2024 marked a significant resurgence on the market, with 30 transactions completed. By the end of September, the investment market reached €2.7 bn,...
XTB shatters records in 2023 with a PLN 791.3 million profit...
312,000 new customers acquired in 2023, over 77,000 in Q4 alone
A 51.0% increase in the number of active customers to 408,500
Q4...
The strange anatomy of global debt
DEBT: Global debt trends matter and the current levels are eye-poppingly high. However there are big differences across the segments of governments, companies, or...
