Tag: Ukraine
Oil Prices Surge in Response to Events in Israel
Due to recent events in Israel, the price of Brent crude oil has risen from $84 to $88 per barrel. This marks the largest single increase in the price of oil over the past...
Red Cross appeals to hackers: act ethically
Since the onset of the invasion of Ukraine, an unprecedented level of cyber-patriotic gang activity has emerged. These groups, on both sides, are preparing attacks typically aimed at acquiring sensitive data or paralyzing critical...
Developers in Poland face challenges due to lengthy administrative procedures and rising costs
Joanna Chojecka, Sales and Marketing Director for Warsaw and Wroclaw at Robyg Group:
The most significant challenge for developers today is launching new investments due to the elongated time required to obtain building permits. The...
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...
Polish Companies Increasing Foreign Investments
The majority of Polish investments are located in Europe, but the United States, India, and the Middle East are becoming increasingly popular. According to the NBP, the value of Polish direct investments abroad was...
Renting for a student – is it still a good prospect?
Students remain an important group of tenants for investors. We explore the prospects of renting apartments to young people.
Over the last several years, the significance of working immigrants as tenants of privately rented apartments...
Columbus presented a new development strategy for the years 2023-28
In its business strategy for 2023-28, Columbus outlines short- and long-term goals. It also arranges plans for foreign expansion and BESS market operations.
The published Columbus strategy indicates several key areas where the management sees...
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,...
B-Act launches a public stock offering. Subscriptions for shares will start on October 9,...
B-Act S.A., an engineering company specializing in consultancy and supervision of construction investments, will start accepting subscriptions for series D shares within a public offering on 9th October. They will be accepted via the...
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...
There is no turning back from sustainable development. Over 90% of companies expect this...
Sustainable development is no longer considered a mere addition or a nice-sounding slogan but a “must-have” across virtually every industry. Over half of manufacturing company representatives declare that initiatives in this area are a...
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...
Inflation in Poland finally single-digit, but only thanks to fuel price freeze
Poland manages to bring inflation to single digits. This is considered a success considering that it required freezing fuel prices. The US dollar continues to strengthen, despite weaker data. Building a coalition is proving...
Who will benefit from elections in Slovakia? Pro-Russian party returns to power
The social democratic party SMER, a left-wing party focused on government support, has again won the majority of votes in the recent elections. This is the fourth term for the party, which previously ruled...
FED’s stance extends sideways trend on gold
Gold did not have the best week, mainly due to the FED, whose hawkish announcements have strengthened the US dollar and increased the yield on US bonds.
The uncertain inflation situation results in volatility...
Inflation and economic slowdown are the main risks
The report on American spending, which contained the Federal Reserve's (Fed) preferred measure of inflation, offered no surprises. The base indicator, as expected, fell while the fundamental one increased. The month-to-month dynamics decreased. The...