Current issue:
ABOUT BUSINESS - 07.2008
A second airport for Warsaw?
The idea of building a new Central Airport for Poland has come up again. It would replace the F. Chopin Airport at Okęcie. The directors of the governmental department will soon invite tenders for an expert opinion in order to establish if the largest Polish airport can be expanded, or if it is necessary to build a completely new one. Two years ago, a Spanish company, Ineco Sener, categorically affirmed the need for building a new airport near Warsaw. The Spanish chose Mszczonów as the best location. Their plans were questioned, however, because they meant completely eliminating the existing airport in Okęcie. The new management of the department of transportation, which wants to avoid accusations that they want to close Okęcie, has decided to commission another company to evaluate the situation, for 20 million euro. The tender for the decision will be announced in the third quarter of this year, and the adjudication is planned for the end of the year.
Poland the most attractive?
Poland is the best country in Europe to invest in ‘ according to a report published by the renowned financial advisement company Ernst&Young. Research into Investment Attractiveness in Europe is done every year. This year, 834 leading managers from around the world took part in the research. All of them identified Poland as a country which is worth investing in. Poland is one of the fastest developing markets, claimed Lord Peter Levene, President of the British insurance giant, Lloyds. The high position of our country in this ranking is also due to the high percentage of educated workers, 80 billion euro of the EU funds available for use, and the fact that production costs which are still lower than those in Western Europe. As well, Poland’s relatively low taxes also count, as well as the fact that it is developing twice as fast as countries of the ‘old’ European Union.
Poles’ earnings and the price of gasoline
In May of last year, an average monthly income would have bought 433 liters of gasoline. This year, for one month’s salary, one can fill up 57 liters less. The price of gasoline in our country is constantly on the rise. However, Poles’ higher earnings have ensured that Polish households have not suffered much because of it. That fact is visible on Poland’s roads. In spite of rising gas prices, traffic jams are getting larger and larger, and at the weekends Polish towns are empty. Transport companies, which mostly use diesel (which has gone up in price most), are the most affected ones by the increases in prices.
Less poverty
Thanks to economic growth, there is less poverty in Poland. In 2007, 6.6% of Poles lived in conditions of extreme poverty. That is more than 450,000 fewer than in 2006. The number of families living in privation, who qualify for financial assistance by law, has also decreased. Last year, 14.6% of households qualified, which is 0.6% fewer than in 2006. This is, of course, the result of Poland’s rapid economic growth. GDP increased by 6.6% in 2007, and the number of unemployed dropped by 563,000. Hiring rate increased by 400,000. That led to a drop in poverty rates, as families’ financial status is mainly connected with income from work.
The anniversary of the small Fiat
On the 6th of June, 1973, at Fabryka Samochodów Małolitrażowych in Bielsko-Biała, the first Fiat 126 with the mark ‘P’ (for Polish) was assembled. ‘Maluch’ (Little One), as it was soon called by Poles, cost 6,000 PLN, which at that time was the equivalent of eighteen average monthly salaries. Over the next 27 years, more than three million of these cars came off the assembly line. The last one was made in September of 2000, and it ended up in the Fiat museum in Turin. ‘Maluch’ also found its way to other countries, like Italy, Yugoslavia, Germany, Hungary, France, China, Great Britain, Czechoslovakia, Cuba, Belgium, Switzerland, Greece, Austria, the Netherlands, Denmark, Cyprus, Chile, and New Zealand.
Nowy Świat is among the most expensive
Warsaw’s Nowy Świat Street found itself in 63rd place on a list of the most expensive streets in the world (the price of one square meter of rented space ‘ 142 dollars!). The most expensive street in the world is still Fifth Avenue in New York City, and the next most expensive is Champs Elysees in Paris, and, in third place, Twerska Street in Moscow. According to data from the consultancy firm Colliers International, one square meter of rented space on Fifth Avenue costs around 1480 dollars. It is also worth mentioning that the price of renting retail space on Warsaw’s Nowy Świat is more expensive than, for example, Las Vegas Blvd in Las Vegas (68th on the list).
Hewett-Packard in Wrocław
The computer giant Hewlett-Packard is creating its largest European branch in Wrocław. A company like that is a sign that Poland and Wrocław are great places to open service centers. Hewlett-Packard already has an accountancy center in Wrocław, which employs 1,200 people. The marketing center will be working on marketing strategies for all of Europe. In business and financial centers, decisions will be made about directions of development for the company; financial and market analyses will also be done there. Wrocław will be responsible for human resources management in the company, as well as shipments of products and equipment.
The popular Polish skies
The fight for Polish passengers between large airlines is intensifying. Traditional carriers have come out with offers aimed at less wealthy clients who were, until recently, served by the cheap airline companies. High fuel prices do not discourage them. Like Lufthansa and British Airways, Scandanavian SAS expanded its network of connections with our country and was immediately successful. Passenger loads from three Polish cities (Warsaw, Gdańsk and Cracow) to Oslo are at levels of 70-80%. This rate of success will soon allow SAS to open new connections from Cracow to Copenhagen.
The idea of building a new Central Airport for Poland has come up again. It would replace the F. Chopin Airport at Okęcie. The directors of the governmental department will soon invite tenders for an expert opinion in order to establish if the largest Polish airport can be expanded, or if it is necessary to build a completely new one. Two years ago, a Spanish company, Ineco Sener, categorically affirmed the need for building a new airport near Warsaw. The Spanish chose Mszczonów as the best location. Their plans were questioned, however, because they meant completely eliminating the existing airport in Okęcie. The new management of the department of transportation, which wants to avoid accusations that they want to close Okęcie, has decided to commission another company to evaluate the situation, for 20 million euro. The tender for the decision will be announced in the third quarter of this year, and the adjudication is planned for the end of the year.
Poland the most attractive?
Poland is the best country in Europe to invest in ‘ according to a report published by the renowned financial advisement company Ernst&Young. Research into Investment Attractiveness in Europe is done every year. This year, 834 leading managers from around the world took part in the research. All of them identified Poland as a country which is worth investing in. Poland is one of the fastest developing markets, claimed Lord Peter Levene, President of the British insurance giant, Lloyds. The high position of our country in this ranking is also due to the high percentage of educated workers, 80 billion euro of the EU funds available for use, and the fact that production costs which are still lower than those in Western Europe. As well, Poland’s relatively low taxes also count, as well as the fact that it is developing twice as fast as countries of the ‘old’ European Union.
Poles’ earnings and the price of gasoline
In May of last year, an average monthly income would have bought 433 liters of gasoline. This year, for one month’s salary, one can fill up 57 liters less. The price of gasoline in our country is constantly on the rise. However, Poles’ higher earnings have ensured that Polish households have not suffered much because of it. That fact is visible on Poland’s roads. In spite of rising gas prices, traffic jams are getting larger and larger, and at the weekends Polish towns are empty. Transport companies, which mostly use diesel (which has gone up in price most), are the most affected ones by the increases in prices.
Less poverty
Thanks to economic growth, there is less poverty in Poland. In 2007, 6.6% of Poles lived in conditions of extreme poverty. That is more than 450,000 fewer than in 2006. The number of families living in privation, who qualify for financial assistance by law, has also decreased. Last year, 14.6% of households qualified, which is 0.6% fewer than in 2006. This is, of course, the result of Poland’s rapid economic growth. GDP increased by 6.6% in 2007, and the number of unemployed dropped by 563,000. Hiring rate increased by 400,000. That led to a drop in poverty rates, as families’ financial status is mainly connected with income from work.
The anniversary of the small Fiat
On the 6th of June, 1973, at Fabryka Samochodów Małolitrażowych in Bielsko-Biała, the first Fiat 126 with the mark ‘P’ (for Polish) was assembled. ‘Maluch’ (Little One), as it was soon called by Poles, cost 6,000 PLN, which at that time was the equivalent of eighteen average monthly salaries. Over the next 27 years, more than three million of these cars came off the assembly line. The last one was made in September of 2000, and it ended up in the Fiat museum in Turin. ‘Maluch’ also found its way to other countries, like Italy, Yugoslavia, Germany, Hungary, France, China, Great Britain, Czechoslovakia, Cuba, Belgium, Switzerland, Greece, Austria, the Netherlands, Denmark, Cyprus, Chile, and New Zealand.
Nowy Świat is among the most expensive
Warsaw’s Nowy Świat Street found itself in 63rd place on a list of the most expensive streets in the world (the price of one square meter of rented space ‘ 142 dollars!). The most expensive street in the world is still Fifth Avenue in New York City, and the next most expensive is Champs Elysees in Paris, and, in third place, Twerska Street in Moscow. According to data from the consultancy firm Colliers International, one square meter of rented space on Fifth Avenue costs around 1480 dollars. It is also worth mentioning that the price of renting retail space on Warsaw’s Nowy Świat is more expensive than, for example, Las Vegas Blvd in Las Vegas (68th on the list).
Hewett-Packard in Wrocław
The computer giant Hewlett-Packard is creating its largest European branch in Wrocław. A company like that is a sign that Poland and Wrocław are great places to open service centers. Hewlett-Packard already has an accountancy center in Wrocław, which employs 1,200 people. The marketing center will be working on marketing strategies for all of Europe. In business and financial centers, decisions will be made about directions of development for the company; financial and market analyses will also be done there. Wrocław will be responsible for human resources management in the company, as well as shipments of products and equipment.
The popular Polish skies
The fight for Polish passengers between large airlines is intensifying. Traditional carriers have come out with offers aimed at less wealthy clients who were, until recently, served by the cheap airline companies. High fuel prices do not discourage them. Like Lufthansa and British Airways, Scandanavian SAS expanded its network of connections with our country and was immediately successful. Passenger loads from three Polish cities (Warsaw, Gdańsk and Cracow) to Oslo are at levels of 70-80%. This rate of success will soon allow SAS to open new connections from Cracow to Copenhagen.
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Information published at 6 July 2008
