2018-06-26 | 05:00Technologies
When investing, Polish start-ups mainly use state funds. Poland has been seeing a growing interest in venture capital funds, but many of these funds still aren’t working well
More than 80 percent of investment in the development of Polish start-ups is state-funded. The reason for this is the still underdeveloped private-funds market. The Polish market for high-risk start-ups is slowly catching up with the world in professionalism. About 10-20 percent of venture-capital funds in Poland can already be considered as top-performing funds. However, the percentage of those that aren’t working well is still too high.
2018-06-25 | 05:00Tourism
The Polish market for fairs and exhibitions is on the rise, with an increasing number of conferences and congresses with a global reach.
When compared to the European market, the Polish market for fairs and exhibitions is rather small but well-developed, and it has been steadily growing for several years. More and more events organised in Poland are congresses and fairs with a global reach, attracting foreign exhibitors and guests. This drives business tourism and commercial real property market. Additionally, the fairs and conferences contribute to the development of companies and the entire economic sectors, which become popular thanks to such events. The base of trade fair and conference centres, however, requires extension and modernisation with a view to ensuring the further growth of this market.
2018-06-11 | 05:00Trade
Polish personal hygiene products sector is growing by around 4% a year. Manufacturers are going green
Personal hygiene products’ market has been steadily growing by some 3-4% per annum. Faster growth is experienced by its relatively new segment, namely home care products. In both cases the dominant trends to govern this market over the next years are innovation and environmental-friendliness. You might think that innovation in the production of cotton pads or swabs is limited. Quite the opposite, you can be very innovative in the production of even such rudimentary personal care products, says Rafał Szczepkowski, CEO at Harper Hygienics.
2018-06-07 | 06:00Trade
Last year the customers of Polish banks made nearly 1.8 bn transfers to a total of PLN 4.7 bn – states the NetB@nk Report by the Polish Bank Association. Among banking services, it is the popularity of instant transfers which is enjoying the fastest growth, with 80 percent more such transfers made in 2017 than in the year before. At the same time the number of ATM cash withdrawals and of ATMs themselves are decreasing. This is accompanied by Poles’ becoming more positive about internet banking.
2018-04-05 | 06:00Trade
NBP: This year, consumer prices will grow at a slightly faster rate than a year before. They will be driven up primarily by growing food prices.
According to the latest National Bank of Poland inflation report, this year prices in Poland will grow at an average rate of 2.1 percent. This is less than expected in November, when inflation was predicted at 2.3 percent. At 3.3 percent, food prices are expected to increase the most. However, the projected GDP growth has been revised upwards.