St. Petersburg, although is the second biggest city in Russia, is still lagging behind not only most of the European metropolises, but also its more immediate competitor – Moscow.
Crowdfunding has an exponential growth in the Adriatic region. In the last five years, startups, companies, associations, and individuals organised more than 2200 group financing campaigns, with some USD9m collected money.
The Venture Capital market in Poland is the strongest in Central and Southeast Europe with over 50 active VCs and thousands of angel investors. It attracts founders of similar culture from countries from the former Soviet Bloc...
Poles are four times less wealthy than Greeks and as much as 15 times less wealthy than Germans, says Paweł Dobrowolski, the Chief Economist of the Polish Development Fund.
In Poland there is still a pervasive requirement to obtain official stamps on numerous documents associated with running a company. Such environment is limiting the expansion of Polish fintechs.
The Polish Development Fund will be a development bank, its goal is to fill the market gaps in financing ‒ says Paweł Borys, the President of the Management Board of the Polish Development Fund.