“This investment represents an enormous vote of confidence in the Polish people,” said Microsoft president Brad Smith.
Business
Google announces AI partnership with Poland
The tech giant pledged $5 million towards training one million Poles in cyber skills over the next five years.
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New mortgage applications fall 70% in Poland following interest rate rises
The total value of new mortgages has also fallen by 73% year on year, according to data from the Credit Information Bureau (BIK).
A way out of Poland’s conundrum on joining the eurozone
Krzysztof Mularczyk
PiS looks set to make stopping Poland joining the eurozone a central plank of its political platform.
Poland “absolutely against” EU proposal for compulsory cuts in electricity use
The “EU is trying to grant itself competences that it does not have”, warns Poland’s climate minister.
Estonia buys Piorun air-defence systems from Poland after their success in Ukraine
The defence minister hopes that other countries will also order Polish equipment that has “proven itself in the most difficult combat conditions” in Ukraine.
Duda in Nigeria, Ivory Coast and Senegal for first visit by a Polish president to West African states
The talks are focused on energy and food security as well as countering Russian propaganda.
Polish consumer authority charges three banks over implementation of “credit holidays”
BNP Paribas Bank Polska, Getin Noble Bank and Bank Pocztowy face penalties of up to 10% of their annual turnover.
Polish coal sector’s profits boom amid soaring prices
State-owned coal firm Jastrzębska Spółka Węglowa saw a record net profit of 4.2 billion zloty in the first half of 2022 despite a 9.7% decrease in production.
Inflation unexpectedly rises further in Poland to new 25-year high of 16.1%
“Ouch,” said analysts at mBank, commenting on inflation figures that exceeded most forecasts.
Polish transport sector appeal for government help securing visas for Ukrainian drivers
“The fate of Polish transport companies depends on this issue,” the industry warned the government in a letter.
Poland’s beer and cheese sectors face production cuts as knock-on effect of soaring gas prices
Carlsberg is among those to warn that it may have to significantly reduce or even stop production in Poland.
Sunday is “time for prayer and family” not shopping, Polish government reminds retailers
Poland’s government will meet with retailers to remind them about the importance of compliance with a Sunday trading ban.
Poland to cap district heating cost rises at 40% and introduce subsidies for other fuels
An additional 13.7 billion zloty (€2.87 billion) will be transferred to local authorities to fund energy efficiency and other investments.
