There are many reasons why Central and Southeast Europe (CSE) is not attractive to foreign investors, most notably high levels of corruption, legal restrictions that prevent or restrict Venture Capital (VC) investment, unsettled property relations and poor corporate governance.
The US is considering imposing new sanctions on the Nord Stream 2 natural gas pipeline from Russia to Germany. The expanded sanctions would impact all pipeline laying activities and companies that provide insurance, port facilities, or tethering services for pipeline laying vessels.
The European Investment Bank (EIB) signed its first loan to a company building and running photovoltaic plants in Poland. The bank will lend PLN82m (EUR18m) to Energy Solar Projekty for the construction and operation of 66 small-scale, independent photovoltaic (PV) plants.
As the coronavirus pandemic was spreading, concepts such as home office and e-learning gained in popularity. As consumers mobility has been limited, it can be assumed that home banking will also follow and will increase the number of online banking users.
A significant slowdown in the Polish trade growth in services has been already observed by the end of 2019. The Q4’19 results have been one of the weakest recorded since the end of the global financial crisis The current crisis in the global economy will certainly deepen this trend.
The population of the already reduced European Union will shrink from 447.2 million in 2020 to 408.2 million by the end of the century. At the same time, there will be 40 million more Europeans 65+ year old than today. For Poland, the upcoming changes will unfortunately be worse.
The rate of economic growth in Poland and the Visegrad Group countries (Czech Republic, Hungaary, Slovakia and Poland; V4) has not reflected the markedly weaker economic situation in Germany and the Eurozone countries over the past years.
The International Energy Agency predicts that over the next 20 years their power generation capacity will have increased 15-fold or more. According to the Polish government, during this time the generation capacity of offshore wind farms in Poland will have grown from zero to 8 GW.
Stockholm Arbitration Tribunal has issued a decision in favor of Polish oil and gas company PGNiG. The decision changes the method of pricing for Russian gas, attaching it to the prices for gas in Western Europe and is backdated to November 1st, 2014.
In 2010, former Governor of the Bank of England, Mervin King, said that “large, complex financial institutions are global — at least in life if not in death.” He highlighted the lack of an international framework for bank crisis management and underlined the responsibility of individual...