Exclusive: Polish Prime Minister Morawiecki on Threats Posed by Russia, China and Big Tech
By Josh Hammer and Matthew Tyrmand
On 6/9/21 at 7:00 AM EDT
Under the leadership of Prime Minister Mateusz Morawiecki, Poland has taken a decidedly nationalist turn, winning high praise among many Western conservatives but scorn among some progressives. Like many of its peer countries in the Visegrad Group and the Three Seas Initiative, Poland sits at the crossroads of the Western Europe/German-centric hub of pro-European Union sentiment to the west, and the broader umbrella of Vladimir Putin-led Russian influence to the east. Poland under Morawiecki is uniquely positioned as both strongly pro-EU and strongly pro-America.
Business
May 24, 2021
Poland could return to a normal monetary policy and start to reduce spending on state aid programmes in order to curb inflation, a government official said on Monday.
The country has spent significant amounts shoring up the economy during the pandemic, and this has contributed to a rise in inflation.
Polish CPI stood 4.3 percent at the end of April, according to the central bank. We are approaching the point where both monetary policy should be normalised and the scale of support for the economy should be withdrawn so that it does not increase inflation tendencies, Pawel Borys, head of the Polish Development Fund (PFR) told Rzeczpospolita daily on Monday.
Polish VC investment fund Freya Capital joins PFR Starter programme
Freya Capital – a venture capital fund that aims to provide investment support to early-stage companies – has been added to the latest edition of the Polish Development Fund (PFR) Starter programme. The total capitalisation of Freya Capital is PLN64 million.
Freya Capital intends to invest in seed/early-stage companies operating in Europe, with high growth potential and plans to expand into international markets. In the course of its cooperation the fund will support enterprises on the merits and business-wise, benefiting from the knowledge of its partners.
Freya Capital was established by a team of experienced entrepreneurs – Hubert Anyżewski, Zbigniew Barwicz, Jan Grochowicz and Michał Lewandowski – who, prior to establishing Freya Capital, had founded, developed and sold more than 10 companies with a total value exceeding PLN800 million.
2021-04-17 13:06:12 GMT2021-04-17 21:06:12(Beijing Time) Xinhua English
WARSAW, April 17 (Xinhua) With another partial COVID-19 lockdown in full swing in Poland, gastronomic businesses are in dire financial troubles, with many, despite government aid, facing bankruptcy.
Michal Maciag, a bar owner in central Warsaw, had lost three businesses and had to layoff most of his 70 employees since the start of the pandemic. Now a year after the pandemic and related restrictions, he is sure he won t be able to keep PiwPaw.
PiwPaw is one of thousands of businesses that got into deep financial problems due to the pandemic. Pubs have been closed forcibly, while restaurants are only allowed to offer takeaway meals. For most, it s not enough to keep afloat.