PKP Investment

Much Improved

Much Improved

According to PKP (Polish State Railways), PLN 1 billion this is the amount of money needed to completely modernise the flagship Polish carrier. Part of these funds will come from the recent privatisation of PKP Power Engineering. How large this proportion will be will become clear at the end of September. Funding Intercity will be one of the key points for PKP Group‘s new strategy, to be published before the end of the year. The most important issue for the railway carrier is to manage to do this by the end of 2019 when the passenger rail market will be opened up in Poland. This means that foreign carriers will appear on the railroads and real competition will begin. PKP Intercity currently needs at least PLN 1 billion. PLN 850 million would be allotted to new rolling stock, and approximately PLN 150 million for the modernisation and construction programme of new stations across the country. “Buying rolling stock is only a part of the plan. We need to build sound base which will aloow the new trains to serve us well,” says Piotr Ciżkowicz, vice president of PKP SA.
gazeta.pl

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Pay by Selfie

Not Just Vanity

Not Just Vanity

No PIN, no signature, only a smartphone photo taken on the spot is needed. This is the latest idea for quick payments which is being tested giants like Mastercard.The experimental system allows users to “pay by selfie”. The user turns on the application, his/her smartphone films him/her for a brief moment, and when it recognises the face, allows payment to go ahead. According to Mastercard, this payment method will be particularly attractive for young people. However, Google has already found a problem with the system. It is enough to show the smartphone a photo taken earlier by someone else and the system accepts it. Now Mastercard wants the user to wink in order to prove that the user is not a photograph. But it seems that this solution is not foolproof. According to experts, the system will need a two-phase system: facial recognition and the traditional PIN.
serwisy.gazetaprawna.pl

Polish Export to Spain Increase

Poland's Main Export

Poland’s Chief Export

After Russia banned the import of products from Poland, Polish companies have been seeking other export opportunities. Spain has turned out to be one of Poland’s best partners and could soon become one of the five top export markets for Poland, according to Puls Biznesu. According to Marcin Luziński, a BZ WBK economist, Spain has undertaken several structural reforms and this has triggered faster economic growth. From January to April 2015, the export of Polish products to Spain increased by 22%, which positioned Spain as the seventh largest importer of Polish goods. First place is still occupied by Germany, where the export of Polish commodities increased by 9%; then the United Kingdom with an increased of 10.5%; and the Czech Republic, where Polish imports increased by 13.1%. Experts believe that Poland will soon begin making a greater impact on markets in the Middle East, the Far East, Africa and South America.
tvn24bis.pl

 

Taxing E-cigarettes

Taxing Tobacco?

Taxing Tobacco?

Advisors at the Polish Chamber of Commerce are proposing the taxation of e-cigarettes and new tobacco products. Manufacturers are outraged, as reported by Puls Biznesu. It is claimed that ‘regular’ cigarette smokers are economic patriots. Every year they produce revenue for the budget amounting to more than PLN 23 billion from excise and VAT levied on cigarettes. However, this is falling mainly due to the flourishing grey market, but also because smokers are moving to nicotine replacements, in particular e-cigarettes, which are not subject to excise. A report was prepared by CASE advisors on behalf of the National Chamber of Commerce, in which the authors clearly propose the imposition of excise on e-cigarettes and refills. The manufacturers of these products are outraged. They use the example of Italy, which introduced similar regulations. After the introduction of excise on e-cigarettes, prices jumped significantly, the number of e-cigarette smokers decreased resulting in a significant decline in employment in the industry.
podatki.gazetaprawna.pl

Women in IT Industry

Women Rule?

Women Rule?

According to HR recruitment experts, there are no gender divisions within the IT industry. During the recruitment process, the experience and individual skills of the candidate, which can help him or her succeed on the job are the only thing that count. The IT sector, in which men constitute the majority, is increasingly willing to turn to women. And female employees are increasingly making a success of it, especially in analytical positions where they make up 58% of the workforce and 46% of managerial positions. According to the Diverse Consulting Group, which specialises in recruitment in the IT sector, men dominate in several areas but are mostly employed in technical positions. Programmers (89%), architects/designers (91%) and implementation consultants (76%) are usually male-dominant positions. “The small number of women in these positions is associated with the extremely low popularity of technical studies among young girls in Poland. However, this trend is changing. Universities are adapting their programmes to the requirements of the industry and are opening up,” says Katarzyna Banas of Diverse Consulting.
serwisy.gazetaprawna.pl

Polish Startups Wow Investors

Starting Up

Starting Up

Ifinity and OORT, two new Polish companies, have been recognised by the organisers of the Challenge Up! initiative, Intel, Cisco and Deutsche Telekom. Challenge Up! is a programme which supports companies developing innovative projects in the area of the ‘Internet of Things’. The programme will provide a four-month-long incubation for 12 startups from Poland, Denmark, Switzerland, Romania, Israel, Germany, Latvia, Italy and Belgium. Ifinity is working on a project which will allow people to interact virtually, by using your mobile. OORT, on the other hand, is working on a technology which allows people to control domestic devices via your electronic device regardless of its brand or operating system. Challenge Up! offers presentation skills workshops, sales strategy training, modern business model and product development training courses. Startups which successfully complete the programme will have the opportunity to receive an endowment from Intel, Cisco, Deutsche Telekom and several prominent corporate investment funds.
itwiz.pl

Is Nuclear Safe?

Disaster Awaits?

Disaster Awaits?

Carbon (coal) is the most commonly used resource in the Polish energy industry (with approximately 90% of all energy coming from it) but it is becoming a serious danger to the environment. Taking this into consideration, it would be wise for Poland to continue seeking for alternatives that would limit its use. Poland is currently focusing on using more renewable sources of energy, mainly wind farms and biomass power plants. According to the government programme of 2009, nuclear energy could join them soon. The first plant with power of 3000 MW could appear in Pomerania before 2030. According to the government, the nuclear programme would cost between PLN 40,000 and PLN 60,000. The Green Party already claims that government estimations are not correct.
energetyka.pb.pl