Business News from Poland November 2025

Tania Sen
1 godzinę temu
27 minut(y) czytania

Rebuild Ukraine. Photo by Tuomas Asunmaa (Spondeo)

Economic updates in Poland in November by Spondeo

Economic indicators in Poland in November, by Spondeo

Poland’s inflation in October 2025 - stablizing under 3%?

Polish inflation has, as expected, calmed down and stabilized around 3% levels - October reading for the CPI showed 2,8% and the core inflation also have dropped below 3% for the first time since 2019. As a result of calming inflation the NBP continued, and is expected to continue, the rate cuts. According to GUS, domestic CPI was 2.8% year‑on‑year and 0.1% month‑on‑month, confirming earlier estimates. Prices of goods rose 1.7%, while services increased 5.6%. Food inflation slowed to 3.4%, alcohol and tobacco rose 7%, and housing and energy costs climbed 4.2%.

Eurostat data show that annual inflation in the eurozone was 2.1%, while in the EU it stood at 2.5%. Poland’s harmonized HICP rate reached 2.9%, only slightly above the EU average, placing the country mid‑table among member states. Romania recorded the highest EU inflation at 8.4%, while Cyprus had the lowest at 0.2%. Source, Source

Rate cuts continued, now at 4,25%

At its meeting on 4-5 November 2025, Poland’s Monetary Policy Council decided to cut the key interest rates of the National Bank of Poland by 0.25 percentage points. The new levels are: reference rate 4.25%, lombard rate 4.75%, deposit rate 3.75%, rediscount rate 4.30%, and discount rate 4.35% (all expressed as annual rates). Expectations for the 2026 are below 4%. Source

Rate cuts continuing in Poland (Source: NBP, Image: Spondeo)

GDP - stable growth

Poland’s economy accelerated in Q3 2025, with GDP rising 3.7% year‑on‑year, the fastest pace since late 2022 and exceeding the expectations. Seasonally adjusted quarter‑on‑quarter growth reached 0.8%. Economists note the effect of a low base after floods in 2024, while industry and trade drove expansion, services remained resilient, and construction stayed in recession. Growth was mainly fueled by private consumption, supported by rising demand for services. Investment recovery is still delayed, partly due to slow progress on EU Recovery Plan projects. Source

Seasonally adjusted real GDP dynamics (picture by Spondeo)

Poland is an important export market for Germans

Poland has become Germany’s fourth‑largest export market, overtaking Italy and China, as exports to Poland rose 6% year‑on‑year to 74.3 billion EUR by the end of September 2025. According to the Ost‑Ausschuss der Deutschen Wirtschaft, overall German exports grew only 0.3%, held back by weaker trade with the US and China, while sales to Central and Eastern Europe rose 2.3% to 216 billion EUR. Imports from Poland, Czechia, and Romania also increased, reflecting deeper integration of CEE economies with Germany. By contrast, trade with Russia and Belarus shrank sharply due to sanctions, while exports to Ukraine (+14.3%) and Uzbekistan (+20.6%) increased. Source

Watch out China imports

Poland recorded one of the world’s largest trade deficits with China in 2025, as imports grew much faster than exports. Between January and September, imports from China rose by 18.1 billion PLN (≈4.34 billion EUR), driven by cars (3.5 billion PLN, ≈0.84 billion EUR) and gaming equipment (2.3 billion PLN, ≈0.55 billion EUR). Mobile phones remained the largest category at 9.5 billion PLN (≈2.28 billion EUR), though down nearly 10%. Exports dropped 10 billion PLN (≈2.40 billion EUR), mainly copper.

Imports grew by 11,4% in PLN and 15,9% in dollar terms. This year, Polish Zloty has strenghtened against US dollar by almost 12%, which is helping the imports. Source

Average salaries in Poland grew "only" 6,6%

According to GUS, the average gross wage in the enterprise sector in Poland in Q3 2025 reached 8 865 PLN (~2 127 EUR), up 6.6% year‑on‑year (below expectations of 7.3%). Growth has slowed compared to earlier quarters (10% in Q1, 8.8% in Q2), yet with inflation at around 3%, real wages are rising still fast. The moderate salary growth and lower inflation figures allowed the Monetary Policy Council to cut interest rates. The NBP estimates wage growth to ease further to 6.4% in 2026, and 5.4% in 2027. Public sector weakness drove the slowdown: mining wages fell 1.6%, energy rose only 1.3%, and transport/logistics grew 2.4%. Source, Source, Source

Unemployment rate is climbing slowly - regional differences still big

Registered unemployment in Poland was at 5.6% at the end of October 2025, unchanged from September. The number of jobseekers rose slightly to 868,300. Rates varied regionally, from 3.5% in Greater Poland to 9% in Podkarpacie. Poland remains among EU countries with the lowest unemployment: in September, Eurostat (different measure method) reported it at 3.2%, compared with an EU average of 6% and over 10.5% in countries like Spain and Finland. Source

Poland’s credit rating is estimated at A-

On 8th of November 2025, Standard & Poor’s (S&P Global) confirmed Poland’s long‑term rating at A- with a stable outlook. The agency expects GDP growth of 3.3% in 2025 and 3.2% in 2026. S&P highlighted Poland’s strong services sector and diversified economy, though risks remain because of political changes in the world. Source

NBP Labor Market Forecasts

The National Bank of Poland’s Inflation Report (7 November 2025) projects a stronger labor market in 2026. The BAEL unemployment rate is expected to fall from 3% in 2025 to 2.8% in 2026, before edging up slightly to 2.9% in 2027 as growth slows. Wage growth will moderate, rising 6.4% in 2026 compared to 8.7% in 2025, and 5.4% in 2027. NBP notes that smaller minimum wage hikes and easing wage pressure among firms will drive this slowdown, while demographic changes will limit future increases in unemployment. Source

Business News November Poland by Spondeo — Business News by Spondeo

PRODUCTION & MANUFACTURING

Poland’s PMI rose to the highest in six months, showing industry recovery. Source

Polish steel company Ferrum reported losses, blaming EU climate policy for worsening its financial situation. Source

Cognor (steel group, PL) generating losses in 2025 and plans to issue 60 million new shares to fund advanced steel‑refining upgrades, aiming to boost defense industry. Source

Polish National Fund for Environmental Protection and Water Management dropped plans for a local financial support of Adaptive Motors Poland and chose Chinese vehicles. Source

Volkswagen (automotive, Germany) expands its Wielkopolska plant to build a new model. Investment value 1,5bn PLN / around 350m€. Source

Pozbruk (construction materials, Poland) will invest about 34.8 million EUR to build two prefab plants, with the first opening in spring 2026 and the second planned for 2027. Source

Elemental Group (recycling and metals, PL) received a 150.5 million EUR grant from EU for its PolVolt battery recycling project in Zawiercie. Source

Grupa Azoty (chemical group, PL) plans to invest 816 million EUR in fertilizer production by 2030. Source

TZF Polfa (pharma producer, PL) agreed on about 23 million EUR financing from ARP to expand production, also shared recent success in Dapagliflozin project. Source, Source

BorgWarner Inc. (US owned, automotive, emission‑reduction and fuel‑saving systems) moved part of its combustion engine component production from Germany to Jasionka near Rzeszów, Poland. Source

Nowy Styl (furniture maker, PL) is cutting jobs amid financial troubles. Source

Śnieżka (paints, PL) sees no improvement in the decorative paints market by the end of 2025. Source, Source

OSM Piątnica (dairy producer, PL) will invest nearly 60 million EUR in a new production plant in Ostrołęka with an investment support from the local Special Economic Zone. Source

Polish dairy sector increased exports by 14% in 2025. Source

Poland, previously a leading EU poultry exporter earning billions of EUR yearly, now faces rising costs, stricter rules, and global competition challenging its position. Source

Chicken meat producer Mielewczyk (PL) will invest about 38.9 million EUR to expand its Dzierżążno plant. Source

Proteine Resources (animal nutrition, PL) raised about 12.2 million EUR this year with new funding from Radix Ventures (Venture Capital Fund, PL). Source

Dr Gerard (confectionery, Poland) entered Indonesia, reaching the middle class consumers. Source

Mondelez (confectionery, USA) invests around 140 million EUR in its Płońsk biscuit factory. Source

LPP (clothing retail, PL) signed a record syndicated financing deal worth ~3.1 billion EUR with 21 banks, one of the largest debt transactions in Central and Eastern Europe lately. Source

Polish clothing producer Arlen signed a contract worth up to 1.45 million EUR to supply specialist uniforms for Lithuania’s State Border Guard Service. Also they participated at Milipol exhibition. Source, Source

IT, INFORMATION AND COMMUNICATION

The Polish IT sector remains competitive thanks to strong export growth. Source

Synerise (AI software, PL) secured 25 million EUR from European Investment Bank to grow its AI platform. Source

mObywatel (digital public app, PL) will add an AI assistant, aiming to lead in e‑government services. Source

Holi clinic (Polish medical startup, virtual clinic in PL) raised 680k€ in in early-stage financing to include more services in its platform and grow in Europe. Source

Polish IT group Euvic (software services, PL) signed a deal to merge with SOFTIQ Software House, with plans for Warsaw Stock Exchange next year, continuing to work in the same team, values. Source

FormalFoundry.ai (AI software, Poland) reached the final of Milipol Innovation Awards 2025 with its CodexScribe compliance tool. Source

Spyrosoft (IT services, PL) continues M&A activity, acquiring US firm Carimus to expand its client base while planning entry into Gulf markets. Source

PROFESSIONAL, SCIENTIFIC, TECHNICAL, FINANCIAL AND OTHER SERVICES

Polish Space Agency (state-backed aerospace initiative) announced plans to launch the country’s first domestically built spacecraft. Also IGNIS tour was organized to promote Poland’s first scientific mission to the ISS, with events already held in cities like Warsaw, Kraków, Wrocław, and Opole. Source, Source

Thorium Space (satellite tech, PL) prepares for NewConnect debut, focusing on independent space solutions. Source

Polskie Instalacje (engineering firm, Poland-owned) was listed among 61 projects eligible for EU funding support. Source

Polcam Systems (Polish technology company, specializing in traffic safety solutions) has supplied advanced speed cameras to Croatia to improve road safety. Source

Vaxican (pre-clinical stage biotechnology company from Gdansk) raised close to 2,4 million EUR in the first round of funding to develop therapeutic cancer vaccines. See also Feb 2025 - Mar 2026 project. Source

Auxilius Pharma (biotech, Poland) secured 3.6 million EUR to advance drug technology and clinical trials of project AUX‑001. Source, Source

Pikralida (biotech, Poland) obtained 2.9 million EUR from several funds to advance neuroprotective therapies and anti snake bite medicines. Source

Polish tech firms participated in Slush 2025 (tech and startup event, Finland), presenting AI, space, and biotech projects. Source

Mastercard (global multinational financial services company) will expand service centers in Poland. Main hubs: Warsaw, Gdansk. Source

UniCredit (banking group, Italy-owned) is returning to Poland, planning to base revenues on three strategic pillars. Source

XTB (fintech, PL) launched its investment app in Indonesia with US stocks and ETFs. Source

Invalda INVL (investment fund, Lithuania) plans major investments in Poland using new capital. Source, Source

Poland leads the EU in mobile and internet banking transactions thanks to the rapid growth of BLIK, a Polish-owned mobile payment system with nearly 20 million users. Source

Blik payment operator confirmed a DDoS cyberattack disrupted transactions. Source

Bank Gospodarstwa Krajowego (BGK: state bank, Poland) invested 19.8 m EUR in Future Energy Ventures (Germany) to support climate‑friendly technologies. Source

Vinci S.A. (investment subsidiary of Bank Gospodarstwa Krajowego (BGK), Poland) increased its investment limit to 25.6 m EUR and launched a new dual VC‑PE strategy. Source

TFI PZU (investment fund, Poland) bought shares of Scanway (vision systems & optoelectronics, Poland) for about 3.55 million EUR. Source

Farm Innovations, Poland’s leader in livestock identification, plans a NewConnect debut in Q1 2026 while expanding animal health monitoring and insurance solutions. Source

TRANSPORT & LOGISTICS

Baltic Hub (container terminal operator, Poland) opened the largest and deepest container terminal on the Baltic Sea in Gdańsk, boosting capacity and access for mega‑ships. Source

Port Lotniczy Szczecin-Goleniów (regional airport, PL) has begun a major modernization project to replace outdated terminals from the 1970s. A temporary arrivals hall of 700 sq metres is being built before demolition of the old facilities. Source

City of Kraków (municipal government, PL) is preparing to build its first metro line, drawing on lessons from Warsaw’s system. The project is in early planning stages. Source

PKP Intercity (rail operator, PL) signed about 1,6 billion EUR contract with Alstom (train manufacturer, France-owned) for 42 double-deck trains. Source

Trakcja (rail infrastructure contractor, PL) with a partner submitted the best offer in a PKP PLK tender worth about 322 million EUR to upgrade railway lines. See also Lithuania-Poland project. Source, Source

PKP Intercity (long‑distance rail operator, PL) suspended a popular service to improve passenger safety and operational control. Source

NEWAG (rolling stock manufacturer, PL) will build locomotives for ORLEN rail operations under about 188 million EUR contract. Source

GDDKiA (national roads authority, PL) will deliver 400 km of new roads in 2025 with investments worth around 3.6 billion EUR. Source

InPost (logistics and postal services, Poland-owned) will expand with two new logistics centers in Małopolska. Source

InPost UK (logistics and postal services, UK branch of Polish InPost Group) will install parcel lockers at Post Office branches in Britain. Source

Suwalska SSE (special economic zone, PL) will support InPost in a logistics project in Białystok valued around 9,5 million EUR to expand parcel infrastructure. Source

Inter Cars (Polish automotive distributor, PL) announced plans to expand into Germany and Western Europe. Source

Navblue (aviation software, France/Airbus) opened a new office in Olivia Centre in Gdańsk, strengthening the growing Pomeranian Aviation Hub. Source

LPP Logistics (fashion logistics, PL) launched a new e‑commerce warehouse in Romania. Source

MAN (trucks and buses, Germany) plans to shift part of its production from Munich to their Polish location in Kraków, aiming to save about 935 million EUR by 2028. Source

RETAIL & FMCG

Danish retail chain Søstrene Grene (decor and hobby store, Denmark-owned) will open its first Polish shops in 2026. Source

Polish furniture manufacturer Black Red White S.A. announced group layoffs affecting one-third of its workforce. Source

CCC Group (footwear and retail, PL) is acquiring a Polish company MKRI sp. z o.o. based in Malbork city and "plans to open four stores daily". Source, Source

KiK (multibrand discount retailer, Germany) opened new locations in Police near Szczecin, with additional stores planned in Nowa Sól and Kłodzko. Source

New Polish discount chain Vollmart (retailer, PL) aims to challenge Biedronka (PL grocery retailer, Portugal-owned via Jeronimo Martins) with a traditional shopping model. Source

Avia Solar (renewable energy installer, PL) will build photovoltaic systems for Dino Polska (supermarket chain, Poland-owned) across 120 locations. Source

Dino Polska (retail, PL) plans to establish a new logistics hub in the Siedlce district. Source

McDonald’s (fast food chain, US) opened a new restaurant at Warsaw Chopin Airport, operated by Lagardère Travel Retail (France-owned). Source

Popeyes (fast food chain, US‑owned via Restaurant Brands International) by the end of 2025 will have over 30 restaurants in Poland, plans to reach 200 points by 2031. Source

Primark (fashion retail, Ireland/UK) will open its 8th Polish store in Lublin’s Felicity mall on 5th of December 2025, investing over 9 million EUR. Source

Energy Market News by Spondeo — Energy Market

Germany vs. Poland energy prices

German government introduced subsidized electricity at 5 cents/kWh for energy-intensive industries starting in 2026, easing costs for steel, paper, and chemical producers. In contrast, Polish manufacturers faced price hikes, worsening competitiveness and raising concerns about industrial viability, as Poland’s economy already struggles with high energy bills and EU climate regulations. Source

Read Notes from Poland article about household electricity prices in Poland and Europe.

Millions invested from BGK for domestic companies in energy development

Bank Gospodarstwa Krajowego (BGK, Poland’s state development bank) has decided to choose around 20 million EUR of investment with the international fund Future Energy Ventures (FEV). The fund focuses on digital and low‑emission infrastructure in the energy sector and also energy transition in Poland. Other FEV backers include the European Investment Fund and European development banks. Source

Orlen preparing for another offshore wind farm

Orlen (Polish state-owned energy group) has secured an environmental decision for its second offshore wind farm in the Baltic Sea. The project will have a capacity of up to 1.2 GW. Orlen already has one offshore wind farm under development, and this approval strengthens its position as a leader in Poland’s energy transition. Construction is expected to begin later this decade, with total investment estimated at several billion EUR. Source

Orlen restructuring its energy segment

Orlen announced plans to reorganize its energy segment to improve efficiency and governance. The restructuring will integrate conventional power plants, renewables, and grid assets under a clearer structure aligned with Strategy 2035. The company aims to accelerate decarbonization, simplify management, and strengthen profitability while maintaining its dominant role in Poland’s energy market. Source, Source

Orlen Termika’s largest heat recovery project

Orlen Termika (energy & heating, PL) presented its largest investment plan in company history, committing nearly ~4.08 billion EUR between 2025 and 2035 to decarbonize Warsaw’s heating system. The operator of the Żerań, Siekierki, and Pruszków plants, along with Wola and Kawęczyn, announced coal will be phased out by 2035, replaced mainly by natural gas, renewables, and waste‑heat recovery. Significant projects include a 500 MW gas‑steam unit at EC Żerań, Poland’s largest flue‑gas heat recovery system, and Europe’s biggest wastewater heat recovery installation, alongside efforts to reduce water intake from the Vistula. Source

Polska Grupa Biogazowa expansion

Polska Grupa Biogazowa (Polish biogas producer) welcomed Norwegian fund HitecVision as a new shareholder in a deal worth about 190 million EUR. The company operates 21 biogas plants with an annual capacity of 500 GWh and plans to expand to 2 TWh by 2030. A new CEO was appointed to lead growth, focusing on biomethane injection into gas grids and new renewable projects across Poland. Source, Source

Enea struggles with Połańec gas plant

Enea appointed Jarosław Tokarczuk as board plenipotentiary for local content to strengthen cooperation with domestic suppliers, as the group prepares nearly 108 billion PLN (~24.8 billion EUR) in long‑term investments. At the same time, Enea faces difficulties with its planned gas‑steam blocks in the Połańec power plant, since no bidders joined the tender - equipment producers are booked years ahead, so the company is considering direct contractor selection. Source

ARiMR renewable support

ARiMR (Polish state agricultural agency) launched a program worth about 121 million EUR to help farmers invest in renewable energy. Funding covers solar panels, biogas plants, and energy-efficient equipment, aiming to reduce rural energy costs and boost sustainability, as part of EU’s Common Agricultural Policy 2023-2027. Source

LG Energy Solution Wrocław BESS plant

LG Energy Solution Wrocław (PL branch, South Korean battery producer) launched the world’s only facility producing advanced energy storage systems near Wrocław. The plant will supply large-scale battery storage solutions for grids and renewable integration, complementing LG’s existing EV battery factory in Biskupice Podgórne, already Europe’s largest. Source

Nasz Prąd prepares IPO

Nasz Prąd (renewable energy solutions, Poland) filed a prospectus with the Financial Supervision Authority to approve a public share offer worth about 11.5 million EUR. The plan includes around 6.9 million EUR from new shares. The company, active in photovoltaics, heat pumps, and energy storage, intends to debut on Warsaw Stock Exchange’s main market in 2026. Source, Source

FSRU terminal in Gdańsk faces delays

The FSRU LNG terminal (a floating terminal that stores and re-gasifies liquefied natural gas) in Gdańsk, worth over 1 billion EUR and planned to start in 2028, faces risks of delay after a Turkish‑Polish consortium delivered defective steel piles from Algeria, though Gaz‑System insists the schedule and quality remain stable. Source

Veolia makes a big project to eliminate coal in Poland

Veolia (energy & utilities, France) launched a major project in Poznań, Poland to fully remove coal from the city’s district heating by 2030, starting with a high‑efficiency cogeneration unit that supplies heat to 60% of residents, boosts efficiency to 92%, and cuts carbon emissions by 25% (~260,000 tons yearly); later phases will add geothermal, biomethane, hydrogen, and recovered heat from data centers and wastewater, making Poznań’s network one of the most modern and resilient in Europe. Source

Housing and construction market news by Spondeo — Housing and construction market

Mortgage market recovering

In October 2025 demand for housing loans in Poland rose for the fifth month in a row. According to BIK, nearly 43,000 people applied, up 24.5% year on year, while the value of inquiries grew 34.3%. The average loan reached 474,900 PLN (~109,000 EUR), almost 8% higher than a year earlier. Analysts suggest that if this pace continues, 2025 may close with record mortgage volumes. Source

Mortgage numbers in November in Poland - by Spondeo — Mortgage applications in Poland - image by Spondeo

Housing price outlook stable, says developer

Zbigniew Juroszek (Juroszek Holding), CEO of Atal S.A. (Polish real estate developer), mentioned that there are currently no grounds for housing price increases in Poland. He noted that while square‑meter rates should remain stable in the near term, developers are likely to withdraw recent discounts once oversupply eases. Juroszek expects stronger demand to return later, supported by land acquisitions and market recovery. Source

Primary housing market: stable prices

In Q3 2025, Poland’s primary housing market showed signs of stabilization. Warsaw remained the most expensive at 16,294 PLN (≈3,910 EUR)/m², followed by Kraków at 15,641 PLN (≈3,750 EUR)/m², both recording slight annual declines. Gdańsk led in growth with a 12.6% increase to 14,190 PLN (≈3,405 EUR)/m². Poznań rose 4.6% to 12,405 PLN (≈2,975 EUR)/m², while Wrocław and Łódź saw drops to 14,529 PLN (≈3,490 EUR)/m² and 9,837 PLN (≈2,360 EUR)/m² respectively. Source

transaction prices in primary market in Poland - Spondeo — Image by Spondeo

Housing affordability in Poland

Wages are rising and housing prices are stabilizing this Autumn. Polish residents now need to save around 8-10 years of average salary to afford a typical apartment. The situation has improved compared to previous years when rapid price growth outpaced income. Analysts note that stable prices and growing wages may ease affordability pressures, though regional differences remain significant. Source

Mirbud & Torpol contract bid

Mirbud (Polish construction company) and Torpol (Polish railway infrastructure firm) joined forces for the first time and immediately secured a chance at a major public contract worth 4.6 billion PLN (about 1.08 billion EUR). The project involves large-scale infrastructure works, strengthening both companies’ positions in Poland’s transport sector. Source

Spain remains popular among Polish property buyers

In the first three quarters of 2025, Polish people purchased 3,170 homes and apartments in Spain, raising their share of the market to 4.63%, the highest on record and placing them eighth among foreign buyers. Costa del Sol looks like the main attraction. Average Spanish housing prices stood at 2,300 EUR per sqm in Q3, with Madrid reaching 4,100 EUR, while many Poles target properties priced between 500,000-800,000 EUR: often cheaper than comparable Polish offers. Source

November Defence Sector News by Spondeo. November Defense Sector News by Spondeo — Defense Sector News

National security in high alert in Poland

Poland launched Operation “Horyzont” to protect railways and key sites after sabotage cases. Defence minister Władysław Kosiniak‑Kamysz said about 10 thousand soldiers will join police and border guards. General Wiesław Kukuła is warning that hostile actions aim to weaken trust in government and security forces like it happened during the Cold War. He emphasised that stronger defense, including new anti‑drone systems like Merops Interceptor (from USA). Training programs with 17 thousand volunteers continue, and debate grows about possible return of mandatory service. Source, Source

Silesian defense industry potential

Deloitte published a report highlighting Silesia (industrial region in Southern Poland) as a potential hub for defense manufacturing. The region’s strong industrial base, skilled workforce, and existing suppliers make it well-positioned to attract investment in military production. Source, Source

Farm 51 + Prodron = drone simulation tech

Two Gliwice companies signed a cooperation deal to build advanced drone combat simulation systems. The Farm 51 (game studio, Poland, listed on NewConnect) and Prodron (micro‑drone producer, Poland) will develop a training and testing environment using Unreal Engine 5. The system is designed for operator education, electronic warfare scenarios, and AI‑supported solutions. The Farm 51, known for titles like Chernobylite, has expanded into defense tech since 2023, while Prodron supplies drones for military and civilian use. Source

American anti-drone systems in Poland

US defense contractors (American military technology companies) have deployed anti-drone systems in Poland to strengthen protection against aerial threats. The systems are designed to detect, track, and neutralize hostile drones, enhancing Poland’s defense capabilities amid regional security concerns. Source

Falcon 9 launch (ICEYE, SatRev, PIAST)

Poland set to launch four domestically developed satellites aboard Space X’es Falcon 9 on 26th of 2025, marking a major step toward military and technological development. The program, worth about ~206 million EUR, includes three ICEYE radar satellites and the PIAST optical constellation built on Creotech’s HyperSat platform. These nanosatellites will enhance reconnaissance, environmental monitoring, and crisis management. Source

New Homar rocket launchers

PGZ (Polska Grupa Zbrojeniowa, Polish state-owned defense group) announced the delivery of additional Homar-K multiple rocket launchers to the Polish Army. The systems, based on South Korean K239 Chunmoo technology, are produced in cooperation with Hanwha Defense (South Korea). Source

WB Electronics & Rosomak defense contract

WB Electronics (Polish private defense technology company) signed a four‑year agreement with Rosomak SA (Polish armored vehicle manufacturer, state-owned) to deliver advanced teleinformatics systems between 2025 and 2028. The deal is valued at about 230 million EUR, plus approximately 3.7 million EUR. All is part of Poland’s strategy of “polonization”: meaning increase in domestic production and modernization of military equipment, including the Rosomak armored personnel carriers developed with Finnish partner Patria. Source

The Dutch and Polish cooperation

The Netherlands is deploying about 300 soldiers and two Patriot PAC‑3 air defense systems to Poland, with full readiness expected on 1st of December 2025 and operations lasting until June 2026. The mission aims to protect a NATO logistics hub crucial for aid to Ukraine. Patriots, supported by NASAMS and anti‑drone units, will guard Polish airspace amid rising regional tension. Each PAC‑3 missile costs around 4 million EUR, underscoring the scale of the commitment to NATO’s eastern flank. Source

Norwegian KDA in Northern Poland

Norwegian defense giant Kongsberg Defence & Aerospace will invest about 60 million EUR in northern Poland. The project, starting in 2026, includes land and maritime components: production of MCT‑30 turrets, integration of anti‑drone systems, and cooperation with Ukraine on unmanned Seawolf vessels. It begins within the pilot Kaszubia Green Industrial District, part of a Baltic strategy to strengthen military and economic independence by 2035. Source

Saab and Sweden grabbed huge submarine deal

Poland selected Sweden’s Saab as the supplier of three A26 submarines under the Orka programme, aiming to modernise its navy and strengthen Baltic security. Prime Minister Donald Tusk confirmed the choice, while Defence Minister Władysław Kosiniak-Kamysz highlighted Sweden’s superior offer on delivery, price, and industry cooperation. The deal includes technology transfer and investment in Poland’s shipbuilding sector. Poland’s only current submarine, the aging Soviet-era Orzeł, underscores the urgency of this purchase, though delivery dates remain uncertain. Source, Source

Helvar acquired their long-term Polish sales partner

Finnish company Helvar (lighting and building controls) acquired its long‑time Polish partner HC Center (lighting control distributor) in October, strengthening its role in Central Europe. Founded in 1921 to import oil from Poland to Finland, Helvar’s name combines Helsinki & Varsova (Warsaw). The company welcomed new colleagues warmly and emphasized building a shared future together. This was the sixth company from Finland making an acquisition in Poland this year. Source, Source

WeAre (IT) enters Poland via acquisition

Finnish WeAre Solutions Oy (IT services, observability, Atlassian & Splunk solutions) has acquired Peakforce Sp. z o.o. (Atlassian Silver Solution Partner, Splunk Associate Partner) in Poland. The group will help more organizations gain visibility into systems, improve performance, and build reliable IT environments. Source

Finnlines is considering Polish operations with embassy support

Finnlines (shipping company, Finland; part of Italian Grimaldi Group) met with the Italian Embassy in Warsaw to present its growing investments in Poland, including new offices, larger local teams, and enhanced maritime links. Passenger traffic on the Świnoujście-Malmö route rose 38% year‑on‑year, while Gdynia was added in July 2025 to the weekly North Sea and Biscay rotation, connecting Poland with Belgium, France, the UK, Ireland, Spain, and Finland. The service uses hybrid vessels with solar panels and battery banks, enabling zero emissions in port, and customers can opt for biofuels under the Green Lane program to cut carbon footprint by up to 90%. Source

Skeleton Technologies opens SuperBattery plant in Finland

In November 2025, Estonia‑Polish energy storage firm Skeleton Technologies celebrated opening a 50 million EUR SuperBattery factory in Varkaus, Finland. The plant is Europe’s first high‑power battery facility for AI data centers and fusion energy projects. Source

QPR Software signed a deal with Santander Bank Poland

Finnish stock-listed tech company QPR announced that Santander Bank Poland has selected their software as its process mining partner. "The software will be used to analyze and optimize a wide range of banking and finance processes related to loans, payments, and customers. Santander Bank Poland further strengthens QPR’s position as a leading process mining vendor in the financial services and banking industry." SOURCE

New Sejm speaker

Włodzimierz Czarzasty was elected speaker of the Sejm, taking over from Szymon Hołownia. He set first steps: scheduling key votes, forming committees, and improving debate rules. Parties welcomed smoother timetables and clearer guidance for bills. The new team will audit past decisions and modernize procedures, including digital tools and public access. Czarzasty promised fair treatment of all MPs and faster work on budget and social laws. The cabinet aligned the calendar to support reforms and EU funds. Source

Unions marching

Polish trade unions have struggled to have the government meet them to talk about fair pay and work rules. They plan street protests and warn of bigger actions if talks do not start soon. Leaders demand clearer laws on overtime, health and safety, and fair wages. They also want better dialogue with ministries about industry changes. Unions argue workers feel ignored while costs rise. Employers’ groups call for calm, but unions set deadlines for answers. The cabinet has not given a clear date for the talks. Source

Innovate fund launched

Finance and Economy minister Andrzej Domański launched “Innovate Poland” to support startups, creative tech, and R&D. The fund totals about 945 million EUR and will back early‑stage projects, AI tools, and green technologies. Grants and co-investment aim to speed product testing and export growth. It is going to be possible to get feedback and help regarding IP, tax relief, and EU programs. The plan looks out for regional hubs and collabs with universities. First calls open soon. Source

Important changes in Inheritance and Gift Tax - parliament decided

On 21 November 2025, the Sejm adopted an amendment to the Act on Inheritance and Gift Tax. The tax obligation will now arise when court-certified documents confirming acceptance of the inheritance are obtained, rather than at the moment of death, reducing unexpected liabilities for heirs. The law also allows restoration of reporting deadlines for inherited or donated assets, including business property, with the possibility to challenge refusals in court. The amendment will take effect 14 days after publication in the Journal of Laws. Overall, the reform provides heirs and gift recipients greater certainty and protection. Source, Source

Finland-Ukraine B2B matchmaking in energy and construction

On 19th-20th of November, Finnpartnership hosted matchmaking events in Helsinki to connect Finnish and Ukrainian companies. The program included one‑to‑one meetings, workshops on intellectual property, and discussions on Ukraine’s reconstruction needs. Finnish firms explored opportunities to invest in renewable energy, infrastructure rebuilding, and smart construction technologies. Additionally, company Maatori, as the largest heavy machinery brokerage company in the Nordic countries, expressed interest in the Ukrainian market (Maatory CEO Linkedin post). Source, Source

Maspex acquires stake in Ukrainian water producer

On November 20th, 2025, Poland’s one of the largest private food companies, Maspex Group, received approval from Ukraine’s Antimonopoly Committee to acquire joint control of Karpatska Dzherelna (“KARPATSKI MINERALNI VODY” LLC), a mineral water producer. The deal involves cooperation with a Ukrainian partner via Dynalum Finance Ltd. Maspex, already a leader in juices and beverages across Central Europe, expands into Ukraine’s bottled water market. The agreement includes commitments to avoid competition conflicts and employee poaching, strengthening cross‑border food industry integration between Poland and Ukraine.

Source, Source

DTEK imports U.S. LNG via Lithuania and Poland

Ukraine’s energy giant DTEK, through its trading arm D.Trading, imported its first cargo of American LNG via Lithuania’s Klaipeda terminal on November 18, 2025. The shipment, around 100 million cubic meters, came from Venture Global’s Louisiana plant. After regasification, the gas is routed toward Ukraine through Poland and the Baltic states. This marks a milestone in diversifying Ukraine’s energy supplies, reducing reliance on Russian sources, and integrating with European energy infrastructure. DTEK managed logistics, vessel chartering, and risk hedging. Source

IMC Plans Green Farm Investment in Poland

IMC (agriculture group, Ukraine, listed on Warsaw Stock Exchange) reported record harvests and improved profitability in 2025. The company announced plans to invest about 138 million EUR over the next decade to raise efficiency and modernize operations with ecological standards. The program includes upgrades in farming technology, sustainability projects, and better resource management. IMC sees the investment as a way to strengthen competitiveness and meet growing demand for environmentally responsible food production. Source

Taiwanese businesses expressed interest in cooperating with Poland on Ukraine’s reconstruction

Taiwan used the Rebuild Ukraine fair in Warsaw to show interest in cooperation with Poland on Ukraine’s reconstruction. Thirty-one Taiwanese firms presented ICT, renewable energy, construction, engineering, and machinery solutions. Exhibitors included ASUSTek Computer (hardware & AIoT, Taiwan), MICROIP (chip design, Taiwan), Creative Sensor (thermal cameras, Taiwan), TECO Electric (green energy drives, Taiwan), FREE Bionics (rehabilitation exoskeletons, Taiwan), and OSCAR E.D.M. (metal automation, Taiwan). Source

Employment rates of Ukrainians in Poland

Over 90% of Ukrainians who migrated before 2022 had stable employment in 2024-2025, while 54% of war refugees held permanent jobs, up from 38% in 2023. Refugee unemployment fell from 25% to 14%, though still four times higher than among Poles. Median net monthly wages for Ukrainians reached PLN 4,500 (~1,080 EUR) compared to PLN 5,300 (~1,270 EUR) for Polish workers. Self‑employment among pre‑war migrants rose to 8%, mainly in IT, services, construction, and transport. Source, Source

Auction of Holocaust items cancelled in Germany

A planned auction of hundreds of Holocaust-related artefacts in Neuss, Germany, was cancelled after strong international criticism and intervention by Poland. The Felzmann auction house had listed items including Stars of David worn by Jewish prisoners, Auschwitz letters, Gestapo files, and documents linked to Polish victims of Nazi and Soviet crimes, with prices ranging from 350 EUR to 12 thousand EUR. Poland’s foreign minister Radosław Sikorski and culture minister Marta Cienkowska demanded the sale be stopped and called for restitution of objects tied to Poland’s heritage. Survivors’ groups and museums condemned the auction as morally unacceptable. Source

Gdańsk: UNESCO City of Literature

Gdańsk (Poland’s Baltic port city) has been officially called a UNESCO City of Literature, joining a global network of creative hubs. Gdańsk has been known for its rich literary heritage, including its role in publishing, libraries, and cultural festivals. The title is just expected to give a potential bonus boost for cultural tourism. The city has long been associated with writers such as Günter Grass and Paweł Huelle, and hosts major events like the European Poet of Freedom festival. UNESCO praised Gdańsk’s commitment to promoting reading in general, recognizing national authors, and fostering international exchange and organizing various events. Source

South Korea opens KOCCA office in Polish capital

Korea Creative Content Agency (KOCCA, South Korean government agency) has opened its first Central and Eastern European office in Warsaw to promote cultural exports and joint projects. Poland has strong film, music, gaming, and animation industries and around 250 thousand Hallyu fans, the largest number in the region. KOCCA aims to continue cooperation with major Polish firms such as CD Projekt, TVN, and Polsat, while also promoting Polish lores like The Witcher in Asia. The launch was marked at the K‑Content Expo in Warsaw, reflecting Poland’s growing role in global creative industries. Source

Robert De Niro invited to see his lookalike portrait in Wrocław

The National Museum in Wrocław (Poland’s third-largest museum) invited actor Robert De Niro to view a 1629 portrait of Johann Vogt, a local nobleman whose features strikingly resemble the Hollywood star. Painted by Bartholomeus Strobel, the work has gained attention for its uncanny likeness, down to facial moles and expression. De Niro was in Poland visiting Warsaw and Kraków for his Nobu hospitality ventures but did not accept the invitation. The museum had previously tried to reach him in 2017. The portrait remains on display in the Silesian art gallery. Source

New lifestyle magazine for men launched

GQ Poland, launched in November 2025 by New Media Wave Publishing (media, Poland, under Condé Nast license), positions itself as a premium lifestyle magazine for men but with strong inclusivity for women too. Editor-in-chief Olivier Janiak emphasizes authenticity, values, and diverse content (fashion, culture, politics, sport, and business) while building a community through events, online presence, and the upcoming GQ Radio in 2026. The debut issue had 420 pages, a 55,000 print run, and costs about 6.20 EUR. Source

Black Friday in Poland

Polish people are increasingly planning purchases around Black Friday, with 62% joining promotions and 70% deliberately delaying spending to benefit from discounts. According to PayPo, the most popular categories are clothing (75%), electronics (53%), and cosmetics (48%). About 25% of shoppers expect to spend over 170 EUR, mainly online, and 68% use the occasion to buy Christmas gifts. Source, Source

Past events

Rebuild Ukraine - the largest annual event on Ukraine’s recovery: Warsaw, 13-14th November 2025 Read more

Tuomas Asunmaa, CEO of Spondeo, took part in the ReBuild Ukraine Annual Expo held in Warsaw on 13-14th of November. This year brought bigger crowds, more companies, and richer content compared to previous editions. Highlights included impressive stands from ISKU, Honkarakenne, Peikko Group, Ruukki Ukraine, and Konecranes. During the Expo, Honkarakenne signed a significant MOU with a Ukrainian counterparty.

Puolassa on pöhinää / Buzz in Poland event - Helsinki, 17th November 2025. Read more

On 17th of November, the networking event by the Finland- Central and Eastern Europe Business Association KIE gathered around 80 participants for discussions on Poland-Finland relations.

Highlights included:

Polish Ambassador to Finland Tomasz Chłoń on Poland’s major infrastructure, defence, energy, and digitalisation projects, plus insights on how Poles view Finland.
Toni Stenström on his book Poland/Finland, sharing historical surprises from the Ministry for Foreign Affairs archives.
Business panel with Mirva Putro, Marko Aaltio, and Markku Ekholm on operating in the Polish market, cultural differences, contracts, and salaries.

The event was hosted by Jan Erola and organised by FinnCham, KIE Trade Association, Helsinki Region Chamber of Commerce, and EEN Finland. Thanks to everyone who attended in person or online, and special thanks to those who supported the book sale. Source

Factory visit at Kalmar - Stargard, 20th November 2025

Anna Golińczak from Spondeo took part in the factory visit organized by the SPCC Scandinavian-Polish Chamber of Commerce at the #Kalmar Stargard facility. The visit, guided by FredrikKarlsson, offered a close look at a true role-model Scandinavian company in operation.

Kalmar factory visit by Spondeo — Photos by SPCC

Drones in Civil and Military Use - the Helsinki Chamber of Commerce House - 25th November, 2025. Read more

On 25th of November, Spondeo’s CEO Tuomas attended the Drones in Civil and Military Use event at the Chamber of Commerce House, organized jointly by the Central and Eastern European Trade Association, Business Finland, the Helsinki Region Chamber of Commerce, and Enterprise Europe Network (EEN) Finland. The program gathered a full hall of participants and offered insights into drones as a rapidly developing technology. Company presentations explored opportunities in both civil and defense applications, while ambassadors from Central and Eastern Europe shared their countries’ perspectives on drone adoption and regulation.