Countries in Central and Southeast Europe (CSE) show larger share of value added by foreign-controlled enterprises to their economies than their peers in western and southern Europe. They also have a higher share of foreign companies and the value added by is still disproportionately high.
Polish entrepreneurs have shown that they are able to adapt to any new situation, regardless of how challenging it is. They are used to relying on each other, to support each other. Paulina Walkowiak, CEO of cux.io, says that companies can only make it out of this crisis by working together.
During the World Economic Forum (WEF) in Davos, the US President Donald Trump only mentioned climate change, while Greta Thunberg accused top managers of failing to take action to stem climate change. Fixation on these two opposing personalities was present in most of the media coverage.
A stagnant European Union and growing geopolitical problems in Russia are forcing Poland to look further afield for export markets, with some success; the government’s two-year-old GoAfrica programme has boosted trade with Africa by 25%.
Recession looms over Ukraine. The oligarchs rule. A currency crisis may break loose at any time. Foreign investors demand a high risk premium, some of them retreat. High interest rates hamper domestic investment, while domestic consumption is stemmed by recession. And we do not have the first idea...