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Cyber-attacks cost the world economy USD600bn each year
Tomasz ŚwiderekAccording to a report prepared by CSIS, the highest costs of cyber-attacks in terms of the percentage of national GDP are borne by middle-income countries. There are many signs indicating that Poland is one of these...

Artificial intelligence will change the insurance industry
Regina SkibińskaThe Polish insurance sector is following the world trends, but is not in a hurry to introduce new insurance policies. They expect that hacking attacks and the EU's General Data Protection Regulation (GDPR) will lead to a...

European supervisors are pointing out the benefits of Big Data
Milena KabzaThe Joint Committee of European Supervisory Authorities (ESAs) analyzed the impact of large sets of data on consumers and financial institutions and concluded, that despite the potential risks arising from the use of Big...

R&D spending in Hungary second highest in EU
Jo HarperThe share of the business sector in total expenditures on research and development (R&D) is among EU countries the second highest in Hungary, according to figures released by Eurostat.

Is sustainability sustainable?
Jan DaraszSustainable development means that an impact on the environment of all economic activities should be taken into consideration. In 2017 European Commission (EC) released a report on sustainability, and final recommendations...

The need for innovation is not the same in all branches of the economy
Obserwator FinansowyAccording to the latest OECD report Poland is making progress in modernization of the economy, but still lacks innovation. Not only state-level support is needed, but also a greater activity of the enterprises.

Private property requires radical reform
Sebastian StodolakReforming the obsolete understanding of private property would combat inequality without harming economic growth, says Professor Eric Posner.

The advantages and disadvantages of digital currencies issued by central banks
Milena KabzaDigital currencies issued by central banks could strengthen the effectiveness of monetary policy transmission, but at the same time they pose a threat to financial stability – writes the Bank for International Settlements...

Polish wind farms may plug the energy gap
Jan DaraszWind energy returned to the Polish debate at the Warsaw Baltic Forum for Marine Industry and Energy, as it may plug the gap created by rising energy demand and gradual phasing out of coal.

ICT exports drive Serbian economic growth
Jo HarperExports of information and communication technology (ICT) from Serbia reached a record EUR900m in 2017, 21.5 per cent more than in 2016.