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The future of Europe’s automotive sector
Filip BrokešEurope’s automotive industry has experienced a severe downturn since the onset of the COVID-19 epidemic. From a short-term perspective, the key to recovery in Germany and CEE will be the pickup in sales in the largest...
Apple’s tax scheme deemed legal
Filip BrokešThe EU’s General Court overturned a European Commission (EC) decision that Apple have to pay back EUR14.3bn in taxes to Ireland. The EC now has two months to launch an appeal. The battle between the UE and multinational...
The US sanctions beckon as Nord Stream 2 gets Danish support
Jo HarperWhen the Danish Energy Agency (DEA) authorized the use of a Russian ship to lay the final part of the Nord Stream 2 gas pipeline, advocates of the project were delighted. The move allows the pipeline to reach its destination...
Will Poland gain after the relocation of production from China?
Obserwator FinansowyPoland could gain more than USD8bn per year thanks to the relocation of some of the production operations from China to other countries, according to a report Trade routes after the COVID-19 pandemic” by the Polish...
The European Union will not skimp on combating the crisis
Marek PielachThe European Commission (EC) prepared an economic reconstruction fund. On top of the EUR500bn in grants, the EC have added the EUR250bn in loans. This means that the total value of the fund will reach EUR750bn, which is a...
Climate change policies will be cheaper
Jacek KrzemińskiOne of the first economic effects of the coronavirus pandemic was a sharp decline in the prices of carbon dioxide emissions allowances. This is great news for Poland, because lower prices will allow Poland’s economy to...
The pandemic may result in the food shortages
Vedran ObućinaIt is becoming increasingly clear that in the H2’20 there will be a significant shortage of agricultural products on the world market due to broken supply chains. Prices are expected to rise in the summer or autumn, but...
Poland’s real estate market gets boost
Jo HarperPoland’s property market is still growing. The total value of transactions amounted to EUR7.8bn in 2019 as compared to EUR7.2bn in 2018, according to an investment report. The rapid growth of eCommerce heavily impacts...
The payments industry will change after the pandemic
Mirosław CiesielskiThe shutdown of most economies due to the pandemic is being reflected in changes occurring in the volume and structure of global payments and is accelerating their digitization. Financial market companies will undergo...
Will the contactless economy change the world?
Mirosław CiesielskiA return to business as usual seems to be the natural thing to do after the pandemic ends. But the world is currently acquiring new competencies which enable faster, cheaper, and more efficient operations, while also taking...