Opportunities on Real Estate Market

Capital Boom

Capital Boom

According to a report prepared by real estate agents Szybko.pl, Metrohouse and Expander, prices on the secondary real estate market in June in the 15 largest Polish cities dropped by 1.6% YOY. Compared to May, they grew by 0.1%. It is predicated that Poles can expect a boom on this market in the coming months. Marta Kosińska, a Szybko.pl real estate market expert, believes that it will be caused the typical increased activity of realty buyers and renters during the autumn, as well as changes in regulations and more MdMs (Apartments for Young Adults). In almost all cities in which markets have been analysed (except Wrocław), average transaction prices dropped slightly when compared to the previous month’s prices. The most significant fall in prices has been observed in Gdynia and Gdańsk. The most noticeable difference between offered prices and transaction prices was observed in Krakow (a difference of 8%), whereas in Warsaw, offered prices are 2% higher than the prices at which the properties are eventually bought.
finanse.wp.pl

Driving Ban Questioned

Fighting the Fight

Fighting the Fight (c) S. Kaminski

According to the Helsinki Foundation for Human Rights, driving license bans for exceeding a speed limit of 50 km/h in a built-up area violates the Constitution. There are already many arguments supporting the argument that it is for the Constitutional Tribunal to decide what sentence to impose in these circumstances. Firstly, revoking taking away someone’s license is tantamount to giving someone an administrative penalty, which is imposed together with other penalties determined in the Highway Code. Dr Marcin Warchoł, an expert in criminal law from the University of Warsaw says that by punishing someone both administratively and criminally violates the ne bis in idem rule, i.e. someone cannot be punished twice for the same offense. This itself violates the Constitution.
prawo.gazetaprawna.pl 

India is the New Direction

Rupees to Poland?

Rupees to Poland?

On 26 March 2015 discussion panels entitled “New export directions” and “Export chances for Polish companies” took place in Business Link Warszawa. The participants included Ryszard Sznajder, president of the Polish-Indian Chamber of Commerce; Michael Dembiński, chief advisor of the British-Polish Chamber of Commerce; Dariusz Karwowski, chief project manager of the Polish Information and Foreign Investment Agency (PAIiIZ) and Piotr Soroczyński, chief economist at Export Credit Insurance Corporation (KUKE). Ryszard Sznajder mentioned that most Polish companies are still not interested in cooperating with India and the trade balance is still low despite its expansion, which clearly illustrates this attitude. Furthermore, Polish enterprises should use the fact that Indians are generally positive Poland. Sznajder encouraged Polish business to show an interest in the Indian market and its almost unlimited possibilities. Other topics covered were the Russian embargo on food imported from Poland, which started another discussion on how to support exporters. There was also a discussion on new market goals and the promotion of Polish exports in China.
piig-poland.org

European Meat Leader

Meaty Heaven

Meaty Heaven

The factories of Pini are one of the largest employers in the Łódź region. Approximately 3,200 people are employed there. A Pini Polska, factory is to be built in Kutno at a cost of PLN 200 million. 400 tons of smoked meat products will be produced there every day, and 800 people will find employment in the factory. Pini Polska is one of three Pini factories in the Łódź Special Economic Zone. Pini Polska is one of the largest and most modern red meat factories in the world. It is due to open this month. There are 22 packing lines, that will pack 80 tons of bacon, 130 tons of smoked meats, 130 tons of cooked hams and 60 tons of salami. Another modern factory, Pini Polonia, specialises in slaughtering pigs. The third factory, Pini Hamburger, produces white sausage. It includes seventeen output lines, uses the most advanced technical solutions in producing portioned meats, minced meats and other products.
biznes.onet.pl

Subscribe to Newzar

Polish Younger Generation

Polish Entrepreneurship

Polish Entrepreneurship

The financial position of young people in Poland can serve as a reference for the economic situation in general. The way in which the younger adult generation deals with the cost of living displays not only the present situation, but also what the future entails. It shows whether they can earn enough to make ends meet, to put aside money for buying a house or investing in the future. Research confirms that the financial situation of young people in Poland is difficult. Despite the fact that around three-quarters of Poles aged 18 to 35 years are employed, only half of them have full-time jobs and as much as one-third is not able to sustain themselves. Each household spends PLN 2,120 a month, whilst their average income is PLN 2,699. This means that they only have a disposable income of PLN 579 (to spend on clothes, shoes, home appliances, hobbies or investing in the future) every month. The living conditions and qualifications of Poland’s young adults not only reflects the economic nous, entrepreneurship and competitiveness of Poles, but also their ability to attract new foreign partners.
forbes.pl

Get Newzar here by email!

Investors Choosing Poland?

Investment

Investment Opportunity

Many league tables consider Poland to be the best location for modern business services. Annual growth amounts to 20%. Outsourcing is one of the fastest growing sectors on the Polish market. In the last five years the number of business service centres has almost doubled. There are already 470 outsourcing centres with foreign capital in Poland. The business services sector has seen a rapid increase in employment. Since the beginning of 2012, the number of employees in this sector has doubled. Currently, 128,000 people work in service centres. It is predicted that by the end of 2015 the number of employees will increase to 150,000-170,000. Mikołaj Pluciński, head of TMF Poland, claims that Poland is a leading player in the world with regard to modern business services. Within Poland, Kraków leads the way followed by Warsaw and Wrocław. According to the Tholons Top 100 Outsourcing Destinations 2014 report, Kraków is 9th in terms of global outsourcing. Mikołaj Pluciński adds that global markets respect and prize the high qualifications of Polish specialists and often entrust them with high-profile international projects.
pulshr.pl

Get Newzar here!

Poland Best Place for Investment

Investing Time and Money

Investing Time and Money

Although last year Poland witnessed a decrease in foreign direct investment (FDI), there were far more working places created than in 2012. Poland upheld its position as the most attractive place for investment in Central and Eastern Europe. According to research by Ernst & Young, in 2013 and 2014, one out of three foreign businesses chose Poland as a good place in which to invest. In the whole of Europe only Germany, with 40% positive endorsement, was better than Poland in 2013. The closest competition was far behind Poland. 11% of companies wanted to invest in the Czech Republic and only 9% in Romania. For the first time in 12 years of research, Europe has beaten other continents regarding attractiveness. Europe has even overtaken China, which for many years was the leader.
Gazeta Prawna

Get Newzar directly by email